Costa News Spain Breaking News | English News in Spain.
Two areas on the Costa del Sol – Marbella, and Velez-Malaga – have topped Spain’s list of largest house price increases in the first three month of 2025.
The figures were compiled by IMIE Local Markets based upon appraisals performed by Tinsa.
Velez Malaga was the top performer with a 17.6% increase compared to 2024’s same quarter. Marbella came in second place at 15.9%.
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Malaga is also the province where households spend the most money to buy new or used property.
The average national income is 34.9%.
The report measures how much disposable income a family will need to spend on the first mortgage installment covering 80% the average value of a home.
These statistics show how easy or hard it can be for a family to buy its first property.
The Balearic Islands (49.4%) and Cadiz are next in line after Malaga (43.9%), Madrid (43.1%), Alicante (38.9%), Sevilla Barcelona (37%), and Madrid (37.3%).
Cristina Arias from Tinsa Research Service said that the areas where purchase efforts were highest (above 45% disposable income for the average household) were concentrated in Andalucia in the provinces Malaga, Cadiz and Sevilla.
This problem is particularly acute in capital cities, metropolitan areas and tourist municipalities.
Arias said that in some areas, the demand for housing is higher than what’s available and people may have a greater buying power than local average households.
