Malaga's 5 districts to buy real estate purchase and relocation

The municipality of Malaga-Costa del Sol has become one of the best places to live and invest in. Its culture, gastronomy, excellent service, and entertainment combined with comfortable living conditions create an ideal location that attracts thousands of tourists every year.

The Costa del Sol is synonymous with well-being and high quality of life. Spain-Real.Estate wants to take a closer look at the best areas in Malaga to buy real estate. We will also explore how to choose an area, find an apartment, and strike a bargain in Malaga.

CONTENT:

• Reasons to purchase: Investment, vacation, or permanent residence
• Characteristics of Malaga's districts
1. Malaga
2. Mijas
3. Nerja
4. Torremolinos
5. Benalmadena
• How can a foreigner buy an apartment in Malaga?
• Is it worth buying a property in Malaga?
• Malaga's most desirable residential districts
• Spain-Real.Estate can assist you in purchasing an apartment in Malaga

REASONS TO PURCHASE: INVESTMENT, VACATION, OR PERMANENT RESIDENCE

The reason why you are buying real estate defines the type of property you choose.

Which property in Spain, located in the city center or closer to the sea, is suitable for investment?

Real estate in popular tourist quarters is excellent to rent.

For permanent residence, people should consider the infrastructure and development of the area.

CHARACTERISTICS of MALAGA'S DISTRICTS

Prices in the districts are determined by location, attractions, infrastructure, parking availability, and the condition of the property.

Let us explore which areas in Malaga are best for buying an apartment.

1. Malaga

Location

Malaga is a city in the south of Spain in Andalusia - the administrative center of Malaga. It is located on 395 sq. km between the mountains, the Mediterranean Sea, and the mouth of the Guadalmedina River. The population is 571,026.

Infrastructure

Cultural institutions: Malaga has about 30 museums (including the famous Center for Contemporary Art, the Pompidou and Picasso Museum, the Thermal Museum, the Museum of Russian Art, the Museum of Fine Arts), cinemas, concert halls, and galleries.

Restaurants, shops, and observation decks (Gibralfaro).

Transport infrastructure: There is an international airport with competitive prices, a bus station, metro, many other types of transport, and excellent roads.

Prestigious educational centers and universities.

Development and housing types

The real estate market in Malaga is one of the most active, similar to Madrid and Barcelona. Most significant developers are currently implementing projects in the capital or nearby municipalities. Thanks to this, Malaga has a wide choice of properties.

Among the best newly-built districts in Malaga are Limonar, La Malagueta, La Victoria, Teatinos, and Avenida Pacific.

Limonar is built next to the embankment of the same name, around a green zone that crosses from north to south. It is one of the most suitable areas to live in Malaga. Here, people can find apartments and single-family houses with prices ranging from €300,000 to €1,250,000.

The central district has many buildings that have been renovated. The price of real estate here usually ranges from €150,000 to €660,000. The area includes La Malagueta, a seaside location that provides all the necessary services. It is located within walking distance from the center. To the northeast of the historic center, there is the quiet and cultural quarter of La Victoria.

For family living, locals prefer Teatinos and Avenida Pacific. Teatinos is a university quarter. In addition, there are many apartment buildings, kindergartens, sports grounds, playgrounds, large green areas, and wide boulevards.  This quarter's prices for new housing range from €200,000 to €440,000.

New apartments, penthouses, and duplexes are located near the Cadiz highway. The price ranges from €150,000 to €3,500,000.

Average price per square meter

Advantages and disadvantages

Advantages are the favorable climate, friendly locals, high-quality products, low prices for food and beverages, and a diverse cultural program. It is also a comfortable distance from the hustle and bustle of the big city, has beaches with high-quality service, and has a wide choice of new housing.

The disadvantages include a large tourist flow, a seasonal labor market, and varied trends in housing prices.

2. Mijas

Location

Mijas is located in the southwest of Malaga, 30 km from the capital Malaga and connected to the western part of the Costa del Sol. It is situated on 148 sq. km and stretches from Sierra Alpujarras and Sierra de Mijas to the Mediterranean Sea. The only route between the Costa del Sol and the Guadalhorce Valley, also known as Port Gomez or Puerto De Los Pescadores, passes through Mijas. About 80,630 people live in the municipality.

Infrastructure

Mijas has convenient transport interchanges (buses, high-speed trains, airport, and motorway).

Architectural monuments (Hermitage of Madonna de la Peña, churches of Concepcion and San Sebastian, and the hermit's hut of El Puerto).

Cultural institutions (wine and bullfighting museums).

Sports infrastructure (golf courses and the Costa del Sol racetrack).

Development and housing types

New property is mainly found on the beach. A unique aspect of the Mijas market is that the average housing price is cheaper than in other municipalities such as Benalmadena. However, there is a wide range of prices depending on the area.

In rural areas of Mijas, apartments are sold at prices ranging from €120,000 to €200,000. Located closer to the beach and golf courses, there is a wider choice of houses, townhouses, and luxury villas for €1,500,000.

Average price per square meter

Advantages and disadvantages

Mijas’ advantages are high quality of life, quiet areas, favorable climate, and low prices compared to other nearby municipalities.

The disadvantages include the influx of tourists in summer.

3. Nerja

Location

Nerja is a city and municipality that is part of Malaga. It is located east of the Costa del Sol region, between the Mediterranean Sea and the Sierra de Alpujarras mountain range, which protects it from northern winds, providing a very mild climate and comfortable average annual temperature. Nerja is located on an area of 85 sq. km. The population is more than 20,000.

Infrastructure

Cultural events and institutions such as the International Music and Dance Festival in Nerja Cave, the Aqueduct of Aguila (Acueducto del Aguila), and the observation deck called the "Balcony of Europe".

Great opportunities for sports.

Supermarkets, restaurants, beaches, and comfortable hotels.

Development and housing types

In Nerja, people can buy both secondary and primary modern Andalusian architecture housing.

There are old houses with stone walls, dilapidated buildings in a poor state of repair, newly-built housing units, chalets with swimming pools, villas, and huge mansions with sea and mountain views.

In addition, there are apartments and studios in Nerja.

Average price per square meter

Advantages and disadvantages

Some advantages are the favorable mild climate, diverse Mediterranean cuisine, a wide range of real estate, various cultural and sports institutions, close location to big cities, several beaches, and friendly locals.

4. Torremolinos

Location

Torremolinos is a small town 12 km from Malaga, adjacent to Benalmadena in the west. It covers an area of 20 sq. km. The population is about 68,000, of which about 15,000 are foreigners.

Infrastructure

The city's embankment is divided by a small rock into two parts ‒ in the east, there is Bajondillo beach, and in the west is La Cariuela beach. Hotels, restaurants, cafes, and souvenir shops are located along the embankment.

The pedestrian street of San Miguel is the most beautiful in Torremolinos.

There are restaurants, shops, pastry shops, bars, wine cellars, and the famous Pepe Lopez Tavern.

Several beaches such as Bajondillo, Saltillo and Playamar, La Carihuela.

It also offers the Pablo Picasso Cultural Center, Aqualand Torremolinos Water Park, and the Torremolinos Exhibition Center.

Construction and type of real estate

The real estate market offers buyers modern luxury houses with sea views.

Thanks to the parks and gardens in new residential areas, people can enjoy outdoor picnics, swimming in pools, and gym classes inside residential complexes.

Buying a house in Torremolinos means betting on comfort, tranquility, and good impressions.

Average price per square meter

Advantages and disadvantages

The advantages are the favorable Mediterranean climate, proximity to the capital of Malaga, beautiful beaches, restaurants, and cafes with a variety of cuisine, and a high return on real estate investment.

Torremolinos is a city for everyone - from the younger generation and pensioners to young families.

The disadvantages include the many foreigners who make up 27% of the population.

5. Benalmadena

Location

Benalmadena is a Spanish municipality that is part of Malaga in the autonomous community of Andalusia. It is located on an area of 27 sq. km. The population is about 61,000.

Infrastructure

There is a public and international private hospital.

Several schools, both state and international.

Developed transport infrastructure (public transport, railway).

Benalmadena is only 15 km from Malaga, about 42 km from Marbella, and 10 km from Malaga International Airport. Fuengirola, Torremolinos, the airport, and Malaga can be reached by train. The Sierra Nevada Ski Resort is 180 km away.

There are many shopping malls, theme parks like Tivoli World, and golf courses.

Construction and type of real estate

Benalmadena has mainly secondary real estate. New residential complexes are under construction near the city and urban areas in the municipality. The rental housing market is widely developed.

Real estate prices depend on the location, type of housing, living conditions, distance to the sea, etc.

Average price per square meter

Advantages and disadvantages

Pros: Seaside location, various cuisine, rich culture, architectural attractions, high quality of life, and beautiful landscapes.

One of the disadvantages is the cold Atlantic current which does not raise the temperature above 21° C during the peak holiday season.

HOW CAN A FOREIGNER BUY AN APARTMENT IN MALAGA?

• Housing valuation with the help of real estate agents in Spain.
• Document verification.
• Personal visit and home inspection.
• Approval of the terms of sale.
• Signing the deposit agreement.
• Signing the notarial application.

IS IT WORTH BUYING PROPERTY IN MALAGA?

Malaga is one of the most sought-after Spanish provinces. Investors prefer the high quality of life, comfortable climate, interesting customs, and various traditions. Investments in housing in Malaga in the most attractive tourist areas bring in significant income.

Foreign buyers in the Malaga market are mainly British, German, French, Swedish, Belgian, and Italian.

MALAGA'S MOST DESIRABLE RESIDENTIAL DISTRICTS

So, where is the best place to buy an apartment in Malaga?

You can choose an area in Malaga to buy and rent real estate based on your interests, lifestyle, and budget.

Recommendations for choosing an apartment in Spain for residence depend on the buyer’s requirements.

Areas such as Malaga and Benalmadena, close to the city center or near universities, are suitable for students and young people.

Torremolinos is a neighborhood for foreigners to live in and where pensioners can buy apartments.

Families with children will settle well in greener areas with developed infrastructure and low housing prices, for example, Torremolinos and Mijas.

Malaga is an area where people can buy an apartment to rent or for investment purposes.

Benalmadena is a district where it is best to buy real estate by the sea.

Nerja and Malaga are great if you plan to stay for a long time.

This Malaga district guide for buyers can assist you in selecting suitable housing depending on your specific needs.

SPAIN-REAL.ESTATE WILL ASSIST YOU IN PURCHASING AN APARTMENT IN MALAGA

Spain-Real.Estate offers the best apartments in Malaga at the best prices for investment. You will yield a high profit by investing in and purchasing an apartment. Make the best choice with us!