Wednesday, 7 October 2026

diarioempresas

IBEX 3519.444,20▲ +0,75%EuroStoxx 506272,23▲ +0,48%S&P 5007818,93▲ +0,58%€/$1,1235▼ -0,25%Brent101,51▲ +0,92%Bitcoin75.027▼ -1,31%
Breaking

Housing prices in Andalusia moderate but do not decrease: Málaga capital reaches €3,955 per square metre

Housing prices in Andalusia rise by 0.34% quarterly and 2.33% annually, reaching €1,889/m2. Málaga capital hits €3,955, while rents fall 3.2% quarterly but rise 7.1% annually.

Álvaro Sáez Ferrer
Álvaro Sáez Ferrer
· 3 min read

Housing prices in Andalusia stand at €1,889 per square metre, with a quarterly rise of 0.34% and an annual increase of 2.33%. Málaga capital reaches €3,955, while rents fall 3.2% in the quarter but rise 7.1% year-on-year.

The price of second-hand housing in Andalusia was €1,889 per square metre in September, according to the latest quarterly report from pisos.com. This figure represents an increase of 0.34% compared to June and 2.33% compared to September 2025. The market shows signs of moderation, but not a decrease, in a context of limited supply and a lack of protected housing.

The gap between provinces is notable. Málaga is the most expensive, with an average price of €3,502 per square metre, which in its capital rises to €3,955, the fifth highest in Spain. It is followed by Sevilla, with €1,767 in the province and €2,623 in the capital. At the other end, Jaén records €780 in the province and €1,274 in the capital.

Granada leads the year-on-year increase among Andalusian provinces, with a 4.94% rise to €1,581 per square metre, the most intense increase nationally. In its capital, the price reaches €2,584, 4.40% more than a year ago, the third largest increase among Spanish capitals. In contrast, Almería capital records the largest quarterly drop in the country, a 1.94% decrease, down to €1,611 per square metre.

Rent follows a similar pattern: it slows down in the short term but maintains a strong annual increase. According to Fotocasa, rents fell 3.2% in Andalusia in the third quarter to €11.94 per square metre per month, although they remain 7.1% above September 2025. 61% of the analysed municipalities recorded quarterly declines, although in most cases the price continues to be higher than in previous years. Huelva, Cádiz, and Jaén led these declines, while in Málaga capital the price grew by 0.4% and in Cádiz by 3.3%.

Pressure is concentrated in the main urban and tourist markets. Málaga capital reaches €16.61 per square metre per month, followed by Sevilla (€14.24), Cádiz (€13.12), and Granada (€10.73). In the Costa del Sol, Estepona and Marbella approach €19.50. Nine Andalusian municipalities already exceed €15 per square metre in monthly rent, eight of them in Málaga.

According to pisos.com, the "limit of the buyer's economic capacity" is beginning to be perceived. Part of the demand is delaying transactions, reducing size, seeking housing in other municipalities, increasing financing, or resorting to family assistance. The real estate portal describes the scenario as a "gradual slowdown" conditioned by the ability to incur debt and by an offer they still consider "insufficient".

The problem comes after years of escalation: since 2018, rent in Andalusian capitals has accumulated an increase of nearly 70%, according to Idealista, and the average increase in the provinces is around 40%. The information, advanced by larazon.es, coincides with a context of social mobilisations and the advance of the general elections to 29 November.

The September data confirms that the Andalusian market shows no signs of decline: moderation is supported by limited supply and the lack of VPO, factors that keep prices at high levels for both purchase and rent.

Álvaro Sáez Ferrer

Written by

Álvaro Sáez Ferrer

Redactor

Economista por ICADE y una de las pocas personas que disfruta leyendo la ley de presupuestos. Cafetero, padre a tiempo completo y azote de la letra pequeña; en Diario Empresas escribe de economía y fiscalidad.