Nerja Property Prices, Rents & Rental Yields

About Nerja

Nerja blends a dramatic Mediterranean coastline with whitewashed streets, sea views and a compact centre that keeps daily life close to the shore. Its setting in Malaga province gives the town a year-round appeal that is as much about lifestyle as it is about location.

September 2026 points to a market that is still growing in value, but with a softer monthly tone in sales pricing. Apartments in Nerja now average €350,000, after a 4.1% month-on-month decline, while the average €/m2 price sits at €4,380, down 1.7% over the month. That easing does not erase the broader upward trend: on a yearly basis, sale prices are up 6.1% and the average €/m2 price has risen 13.4%.

The tension for investors is clear in the rental numbers. Average apartment rent is €1,190, up 1.7% month on month and 18.5% year on year, which supports a 4.32% yield. In other words, income has continued to move higher even as purchase pricing has cooled a little in September. For buyers watching entry levels, that combination may feel more balanced than earlier in the year, but the annual figures still show a market that has become notably more expensive to access.