Apartments in Malaga

Malaga is a city in southern Spain, the capital of the province of the same name. Situated on the Mediterranean coast, it is popular among foreigners buying property in Spain due to its mild climate and warm beaches.Looking to buy an apartment in Malaga? We'll tell you how and why it's profitable.

Apartments for sale in Malaga: current apartment catalog

3-bedroom apartment in Malaga, 90 m². This bright, spacious corner apartment has been recently renovated. It includes a kitchen, living room, lounge, three bedrooms, and a bathroom.Sold with appliances—a refrigerator, oven, washing machine, electric dryer, stove, and microwave. The windows offer views of the port, the La Maroma and El Torrecilla mountains, and the cathedral. It's a 15-minute walk from the historic center of Malaga. Schools, supermarkets, bars, and a medical center are also nearby.3-bedroom apartment in Malaga, 75 m². This spacious, south-facing third-floor apartment features an open-plan kitchen and living room, a balcony, and three bedrooms.This three-bedroom apartment is 106 m². This spacious, cozy apartment is surrounded by green spaces and is located in a quiet area of ​​the city. It includes a living room, hallway, storage room, and two bathrooms.In addition to those listed, other apartments in Málaga are also available. Browse the listings on this page.

Popular Areas of Málaga for Apartment Purchase

The following areas are the most popular among those buying apartments in Málaga.Center. This is the historic center of the city. It has a well-developed infrastructure and many architectural and historical monuments. These include the Málaga Cathedral, built in the 18th century, the ruins of the Alcazaba, a Moorish fortress built in the 11th century, and many other historical and architectural monuments.

1. La Malagueta. This is also located near the historic center of the city. The beach is also nearby. That's why this area is popular among those buying seafront property.
2. El Limonar. This is a prestigious area with villas. Property prices there correspond.
3. Pedregallejo and El Palo. These are former fishing areas. There are many restaurants here. If you're looking to buy an affordable apartment with a sea view, take a closer look at these areas.
4. The university district. If you're looking to buy an affordable apartment in Malaga, take a closer look at this area. You can also buy an apartment here for rent to students.
5. West Embankment. A relatively young, promising area. It's actively developing and undergoing construction. Here you'll find affordable housing or studio apartments for rent to tourists.

 

Apartment Prices in Malaga

The price of an apartment in Malaga varies depending on:

• location;
• size (the larger the apartment, the more expensive it is);
• conditions (an apartment with renovations is more expensive than an apartment without them);
• The presence or absence of furniture and appliances (a furnished and equipped apartment costs more);
• type (a studio apartment is usually cheaper than a standard apartment).

The most expensive real estate is in the Este district. You'll pay €4,654 per square meter there. You'll also have to shell out for housing in the city center, where the average price is €4,146 per square meter.More affordable housing can be found in Bayder Miraflores (€3,040 per square meter), Churianna (€2,886 per square meter), and Cedad Jardín (€2,377 per square meter).These prices are approximate – the cost depends on the age of construction (a new build apartment, i.e., a resale apartment, costs more than a resale apartment, i.e., an apartment previously occupied).

Selling and buying apartments in Malaga: transaction support with Spanish Life

Both foreigners and Spanish citizens can buy apartments in Malaga. Resident status is not required for this. However, non-residents face more difficulties – they may require additional documentation, and not every bank agrees to work with non-residents.Spanish Life can help you. We'll help you prepare all the necessary documents and open a Spanish bank account. Opening an account is the first step in the purchase process.Next, you reserve the property. Afterward, it is inspected to ensure the documents are properly completed and there are no outstanding utility bills. A preliminary contract is then signed and a deposit is made – usually around 10% of the total amount. Then, a final contract is signed and the remaining balance is paid. The final step is registering the new owner in the Spanish property registry.

Spanish Life will help you with every step – from opening a bank account to registering the property

Seaside apartments in Spain are often purchased to obtain a residence permit. You can also buy an apartment on the Costa del Sol and rent it out to tourists. Hundreds of tourists come to Malaga every year for its warm beaches, sea, and historical and architectural monuments. So, an apartment in Málaga is a profitable investment and a good source of passive income.But when buying, allow 10-12% of the purchase price for additional expenses. You'll have to pay for property registration. Other additional costs may also arise. Furthermore, property prices in Málaga are constantly rising. In fact, they've increased by 17% over the past year.