Revealed: The cheapest towns to buy property in Spain’s Malaga

HOUSE prices in Malaga province reached a record high in June with an average square metre price coming in at €3,282, but there are big savings to be made with inland properties.

The figures compiled by real estate portal idealista showed a 4.4% price rise in the second quarter of 2024 above the first three months year.

The annual increase was a significant 11.3% compared to a price of €2,949 per m2 in June 2023.

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Across Andalucia, the average price is €2,190- so substantially lower than in Malaga province.

Put simply, coastal areas have the highest home prices, with the best bargain to be had in the Malaga area coming in at just €616 per m2 in Alameda.

The bargain list per square metre is:

Alameda: €616

Humilladero: €654

Sierra de Yeguas: €661

Benaojan: €676

Villanueva de Algaidas: €676

Campillos: €763

Archidona: €774

Tolox: €824

Riogordo: €848

For people with bigger pockets, Marbella clocked up €4,812 per m2 in June, closely followed by Benhavis on €4,479 per m2.

The annual price rise in Marbella was 13.7%, while Benhavis was more modest at 9.6%.