Homes Move Fast in Malaga and the Costa del Sol: 43% Sold in Less Than a Month

Malaga, Costa del Sol Real Estate Market Update

The real estate market in Malaga and the Costa del Sol is booming, with 43% of properties selling in less than a month, according to recent figures from Idealista. Remarkably, over 13% of these properties are snapped up within the first week of hitting the market.

Rapid Sales in Malaga

In the first quarter of 2024, just over one in ten properties in Malaga city and the surrounding province sold in their first week. This rapid turnover highlights the high demand for real estate in the area. Although this figure has decreased from last year’s 16%, it still positions Malaga as a hotspot for fast property sales.

Strong Sales Post-First Week

Malaga ranks third in Spain for properties sold after the first week but before the end of the first month, with 30% of homes selling in this timeframe. This places Malaga just behind Jaén (45%) and Teruel (33%), underscoring its robust real estate market.

Key Takeaways

• High Demand: 43% of properties in Malaga sell within a month.
• Quick Turnaround:13% are sold within the first week.
• Competitive Market: Malaga ranks third for sales completed after the first week and before the month ends.

The swift sales in Malaga and the Costa del Sol reflect the region’s attractiveness to buyers, whether for permanent residence, vacation homes, or investment properties. As the market remains competitive, potential buyers and investors are advised to act quickly to secure their desired properties