717 New construction promotions in Málaga Province

Dynamics of the New Construction Market in Málaga Province

Málaga positions itself as a key center in the new construction sector, not only within Andalusia but also nationally, ranking third after Madrid and Barcelona with more than 8% of the national demand for new homes, according to the Málaga College of Technical Architects. With over 717 active promotions, the province stands out for concentrating a high number of projects in Benalmádena, Estepona, Marbella, and Mijas. By the end of 2020, Málaga was cataloged as the most expensive province in Andalusia, with an average square meter price exceeding 1,900 €/m², as reported by Gesvalt.

Prices of New Developments in Costa del Sol 

On the coast, the most accessible square meter is found in Vélez Málaga, with an average of just over 1,250 €/m². Followed by Rincón de la Victoria and Torre del Mar, where prices hover around 1,800 €/m². Torremolinos and Manilva present slightly higher costs, exceeding 2,000 €/m². The most exclusive localities, such as Marbella, Fuengirola, and Benalmádena, can reach prices up to 5,400 €/m², with Benahavís following at more than 3,200 €/m².

In Málaga province, the price of affordable new construction starts at 2 900 € because these properties do not enjoy the exclusive views or amenities while the average price is 714 547 € for a new home while the average price of a second-hand property is 1 059 642 €, new and luxury homes can cost up to 15 800 000 € these properties are expensive due to the best views, quality, more m², or their location and exclusivity.

Volume of Promotions in Málaga 

In Málaga province, currently, new developments in 2024 that are for sale among the projects on the plan, under construction, and newly completed in Málaga, we find 717 promotions. The distribution of new development promotions shows significant concentration in several key localities, with Estepona leading with 83 projects (17.6% of the total provincial), closely followed by the capital, with 80 (17%) New developments in Málaga city. Marbella also stands out with 58 promotions, representing 12.3% of the total. New developments in Mijas with 53 projects (11.2%), and Fuengirola with 32 (6.8%), complement the main development destinations.

Beyond these areas, Benahavís with 21 (4.4%), Benalmádena and Torremolinos, each with 20 projects (4.2% each), along with Casares and Rincón de la Victoria with 15 (3.2%) and 14 (3%) respectively, show notable dynamism. Alhaurín de la Torre also has 14 promotions, equivalent to 3% of the total.

The distribution continues with Manilva having 12 promotions (2.5%), Torre del Mar and Las Lagunas de Mijas each with 9 (1.9% each), and Torrox with 7 (1.5%). Smaller localities like Nerja, Chilches, and Algarrobo-Costa display a smaller number of projects, each contributing with 5, 4, and 3 promotions respectively, underscoring the diversity and reach of new development throughout the province of Málaga.

Malaga properties

Price Factors for Housing in Málaga Province

 The value of new construction in the province of Málaga is influenced by supply and demand, along with location, size, quality of materials, and proximity to key services. Additional factors include population density, the economic status of the locality, foreign investment, and tourism, which play a crucial role in the final price. The reputation of the developer also influences the price, as do the costs of marketing and sales offices, commissions to agents, etc.

Advantages of Buying New Construction in Málaga 

Opting for a new home in Málaga offers numerous advantages over second-hand homes, including the ability to customize, construction guarantees, energy efficiency, and access to modern services such as swimming pools, landscaped areas, and sports courts. Buying during the planning phase can result in savings of up to 30% off the final cost. Thus, those who bought projects on the plan in 2022 or 2023 reach the delivery of new construction in 2024 and delivery of new construction in 2025 in Málaga.

New homes in Málaga are available in various districts, offering options from economical apartments in the capital to luxurious villas on the coast. The offer ranges from one-bedroom apartments in the capital for 150,000€ to exclusive villas in Benahavís that can exceed 7 million euros.And always we have the option to choose Flats in Malaga from second hand

Málaga continues to be a preferred destination for purchasing new construction, both by local and international buyers, driving continuous development in the province in this sector.