Property in Malaga is generally cheaper than in many other places on the Costa del Sol, although some parts of the city have very high prices and prices have risen dramatically everywhere in recent months. Nevertheless, Malaga is now the most expensive city in Andalusia and prices in various parts are detailed below.
The once decaying centre of Malaga is now under extensive restoration and there are numerous regional and local government grant available. As a result the area is growing in popularity and prices are rising, although they’re still lower than in other parts of the city. If your buy a property that needs restoration, bear in mind that there are strict regulations regarding the restoration process and it can be costly.
In Malaga East there are some of Malaga’s most expensive and desirable properties it’s less built-up and there are numerous green areas.
One of the Malaga fastest growing areas is Teatinos , situated near the university.
The West of Malaga is a fast expanding area including the area known as the Nuevo Paseo Marítimo where many luxury apartment blocks are under construction.