Vélez-Malaga Property Prices, Rents & Rental Yields

About Vélez-Malaga

Vélez-Malaga combines a historic Andalusian core with a practical Costa del Sol setting, giving the city a distinct appeal within Malaga province. Its apartment market is shaped by a blend of urban life, local services, and coastal access, which keeps the location on investor watchlists.

September 2026 brings the clearest signal yet: prices are still moving higher, but rental growth is lagging behind. The average apartment sale price stands at €299,000, after a modest 0.3% monthly increase, while the average price per square metre is €3,320, also up 0.3% month on month. That steady lift matters because the rental side is flat in the short term, with average monthly rent unchanged at €900.

The year-on-year picture is more pronounced and points to a tighter income equation than before. Average sale prices are up 45.5% compared with a year ago, and average m2 values have risen 53.6%, yet rents have grown only 5.9%. As a result, the indicative yield is 4.06%, suggesting that capital values have outpaced income growth more quickly than rent has caught up. For apartment investors, the month’s main tension is straightforward: valuation momentum remains strong, but the return profile has not advanced at the same pace.