Malaga Property Prices, Rents & Rental Yields

About Malaga

Málaga combines a Mediterranean waterfront, a historic core, and a long-standing role as one of southern Spain’s most recognisable urban markets. Its apartment stock sits between city-centre living and coastal appeal, giving the city a profile that is closely watched by both owners and investors.

In August 2026, the clearest signal is a market that is still moving upward in annual terms, even as short-term pricing cools. The average apartment sale price is €349,950, unchanged from the previous month but 1.4% higher year on year, while the average rent stands at €1,400 after a 3.7% annual rise. That combination points to firmer income than a year ago, but without a fresh jump in monthly sale pricing.

The monthly easing is most visible in the price per square metre, which now sits at €3,890 after falling 1.1% month on month, although it is still 1.4% above last year. For investors, that leaves the yield at 5.1%, a level that reflects a market where rental growth has outpaced sales over the past year, yet valuation gains remain measured rather than dramatic. The result is a market note shaped less by acceleration than by a narrow gap between steady capital values and gradually improving rental returns.