Spain remains a top destination for those seeking sun, sea, and the Mediterranean lifestyle. Among the most desirable locations for seaside properties are the vibrant cities of Málaga and Alicante, which offer breathtaking coastal views and properties to match various tastes and budgets. In this guide, we explore the real estate market in these cities, covering pricing trends, property types, and key market factors.
Málaga: The Gateway to the Costa del Sol
Nestled in the heart of the Costa del Sol, Málaga seamlessly blends historic charm with modern living. Renowned for its cultural scene, stunning beaches, and excellent infrastructure, Málaga’s real estate market has experienced steady growth in recent years. Both international buyers and locals are drawn to its appeal.
Property Types and Prices in Málaga
- Apartments
- City Center & Malagueta Beach: Two-bedroom apartments range from €250,000 to €500,000.
- Luxury Apartments: Sea-view options in neighborhoods like Limonar or Pedregalejo start at €600,000, reaching €1 million+.
- Villas
- Suburban villas in areas such as El Candado or Pinares de San Antón are priced between €700,000 and €2 million, depending on size and proximity to the coast.
- Townhouses
- Traditional neighborhood options start at €300,000, while premium coastal properties exceed €800,000.
- New Developments
- In areas like Torremolinos or Benalmádena, off-plan apartments begin at €200,000, and gated-community villas often exceed €1.5 million.
Market Trends in Málaga
International buyers from the UK, Germany, and Scandinavia are driving demand. Key infrastructure improvements, such as the revamped Málaga Port and cultural attractions like the Málaga Museum, enhance the city’s appeal, making it a prime choice for both investors and homeowners.
Alicante: The Jewel of the Costa Blanca
Located along the Costa Blanca, Alicante is celebrated for its sunny climate, lively nightlife, and stunning coastline. Its property market caters to a diverse audience, from budget-conscious buyers to luxury seekers.
Property Types and Prices in Alicante
- Apartments
- Central Alicante (Explanada and Postiguet Beach): Two-bedroom apartments are priced between €180,000 and €400,000.
- Luxury Apartments: Panoramic sea-view options range from €500,000 to €900,000.
- Villas
- Prime locations like Cabo de las Huertas or Albufereta range from €600,000 to €2.5 million.
- Inland properties with larger plots are available for €400,000 to €1 million.
- Townhouses
- Coastal towns like Santa Pola or Villajoyosa offer options from €250,000, with beachfront properties reaching up to €700,000.
- New Developments
- Modern apartments in Playa San Juan start at €220,000, while luxury gated-community villas exceed €1.8 million.
Market Trends in Alicante
With its excellent connectivity—including an international airport and high-speed rail links—Alicante attracts retirees, second-home buyers, and investors. Its competitive pricing compared to other Mediterranean destinations is a significant draw.
Factors Influencing Property Prices
Several factors impact property prices in Málaga and Alicante:
- Location: Proximity to the beach or direct sea views often command a premium.
- Amenities: Developments with pools, gardens, or 24/7 security are highly sought after.
- Market Demand: The influx of foreign buyers increases competition, particularly for luxury properties.
- Economic Stability: Confidence in local and national economies directly affects the market.
Conclusion
Málaga and Alicante offer a wide array of opportunities for seaside property buyers. Málaga boasts a cosmopolitan vibe and cultural richness, while Alicante appeals with its affordability and relaxed atmosphere. Whether you’re searching for a vacation home, investment property, or permanent residence, these cities cater to every need and budget.
Partnering with a trusted local real estate agent ensures you navigate the market with confidence and find your dream property.
