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Where demand structurally exceeds supply

Málaga and the Costa del Sol: one of Europe's most liquid and international residential markets, and a growing target for institutional capital.

Why Southern Spain

36,206home sales in Málaga province in 2025 — third in Spain by value

42%of buyers are foreign nationals, more than twice the national rate

+96%sale-price growth 2015–2025, steady rather than speculative

c. 5 monthsof new-build supply on the Costa del Sol at the 2025 rate of sale

Sources: Portal Estadístico del Notariado; MIVAU 2025; Savills.

Asset classes

Five sectors, one local platform

Contemporary gated villas and townhouses for international and domestic buyers, in a market where new supply is still catching up with demand.

+36%new-build premium over resale, Málaga province (Notariado)

Hotels, apart-hotels and branded operating concepts, supported by record tourism and a planned airport expansion.

€309mhotel investment in Málaga province, 2025 (Colliers)

Purpose-built student accommodation in a growing university city where dedicated beds remain well below demand.

37,000+students in Málaga, against c. 3,270 dedicated beds

Serviced residences and care for an ageing, affluent population — a clear and growing shortfall in provision.

c. 2.5beds per 100 over-65s in Málaga, against a WHO benchmark of 5

Professionally managed rental homes for Málaga's expanding professional workforce.

151,000new households expected in Málaga over the next decade (Savills)

Málaga as an institutional market

GoogleSafety Engineering Center, opened 2023 — its largest in Europe

imecadvanced semiconductor R&D centre, due 2028

c. €1.5bnplanned Málaga Airport expansion, 2027–2031 (Aena)

The full market analysis is in our 2026 OverviewCharts, sources and sector data in one document.