Nerja Property Prices, Rents & Rental Yields

About Nerja

Nerja sits on Málaga province’s eastern Mediterranean coast, where beaches, coves and a mountain backdrop frame the town. The Balcón de Europa viewpoint and nearby caves give it recognisable landmarks beyond the waterfront.

In October 2026, the clearest signal for Nerja apartments is a short-term split: the average sale price rose 2.9% month over month, while the average rent fell 1.3%. For an investor comparing purchase cost with rental income, those movements pull in opposite directions. They describe the latest month, however, not a trend that can be assumed to continue.

The average apartment sale price stands at €360,000, providing a reference point for that rising purchase cost. Nerja’s stated yield is 4.28%, but it is a market indicator rather than a promise of what an individual apartment will earn. The price paid, ongoing costs and rent achievable for a specific property can change the outcome. None of those property-level details is captured by the headline yield alone.

The practical takeaway is to assess pricing and income separately. A rise in sale prices does not establish an improvement in rental returns, particularly when the latest rental movement points the other way. Compare a prospective apartment with the market benchmarks, then test its expected cash flow on its own terms. That approach keeps the month’s contrasting signals in view without turning a single snapshot into a forecast.