Nerja – Real Estate Investment Overview

About Nerja

Nerja sits on Málaga province’s eastern coast, where cliff-backed beaches, the Balcón de Europa and a compact historic centre give the city a strong year-round appeal. Its setting blends sea views, walkable streets and a recognisable Mediterranean identity that continues to support apartment values over time.

June 2026 points to a market still moving higher, but with rental growth pausing. The average apartment sale price reached €365,000, up 1.4% month on month and 10.6% year on year, while the average price per square metre rose to €4,294, up 2.6% over the month and 1.5% over the year. That combination suggests prices are continuing to firm even as the pace differs between headline values and unit rates.

The key tension is that income is not rising as quickly as capital values. Average apartment rent held at €1,100 in June, unchanged from the previous month, although it is still 10.0% higher than a year earlier. With a gross yield of 4.28%, the market still offers a positive income backdrop, but the spread between a rising purchase price and a flat monthly rent in June makes the investment case more sensitive to entry price. For investors, Nerja remains a location where value growth is evident, yet the latest figures show that rental progression is not keeping pace month to month.