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What do the latest numbers reveal about Andalusia’s real estate market? Are property prices on the rise, or are they stabilizing? Which cities offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Andalusia, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) The average age of homebuyers in Andalusia is now 45 years
The average age of homebuyers in Andalusia is now 45 years old.
Over the past few years, economic and demographic shifts have played a significant role in this change. Younger generations are finding it tough to buy homes early due to financial hurdles. In 2023 and 2024, many young people opted to rent instead of buying, drawn by the lifestyle perks and flexibility renting offers.
This shift means that older, financially stable individuals are the ones stepping into the housing market. As a result, the average age of homebuyers has climbed. The region's demographics are also changing, with an aging population and fewer young people entering the housing market.
These combined factors have naturally pushed the average age of homebuyers up. In Andalusia, the population is getting older, and this demographic trend is influencing the housing market. With fewer young buyers, the average age of those purchasing homes has increased.
It's a trend that reflects broader economic realities, where financial stability often comes later in life. This situation has led to the current scenario where the typical homebuyer is 45 years old. The housing market in Andalusia is adapting to these changes, reflecting the evolving needs and capabilities of its residents.
Source: APVA
2) Properties with energy-efficient ratings in Andalusia are increasing by 15% in 2025
In 2025, the number of properties with energy-efficient ratings in Andalusia is rising by 15%.
One major reason for this increase is the proactive approach of the Junta de Andalucía. They've been offering subsidies and incentives for homeowners to install energy-efficient systems like solar panels. These financial aids have made it easier and more affordable for people to upgrade their homes, leading to a noticeable boost in energy-efficient ratings.
Another significant factor is the Plan Ecovivienda, which focuses on both rehabilitating existing buildings and constructing new ones with high energy efficiency. By aiming to reduce energy needs for heating and cooling, this program has significantly contributed to the increase in properties with better energy ratings.
The Spanish government has also played a crucial role by extending tax deductions for energy-saving renovations until the end of 2025. This policy has provided an extra push for homeowners to invest in making their homes more energy-efficient, further encouraging these improvements.
These combined efforts have created a favorable environment for energy-efficient upgrades, making it an attractive option for property buyers. With the financial incentives and government support, more homeowners are motivated to enhance their properties, aligning with the growing trend of sustainability.
As a result, the real estate market in Andalusia is seeing a shift towards properties with better energy ratings, which not only benefits the environment but also adds value to the homes. This trend is expected to continue, with increasing demand for energy-efficient properties in the region.
Sources: EcoFlow Blog, El Periódico de la Energía, Andaluza de Actividades
We have made this infographic to give you a quick and clear snapshot of the property market in Spain. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Legal fees for property transactions in Andalusia average €2,000 currently
In Andalusia, legal fees for property transactions average around €2,000.
When buying a property here, you'll encounter the Impuesto sobre Actos Jurídicos Documentados (AJD), which is 1.2% of the property's price. This tax forms a chunk of the legal fees, but it doesn't directly add up to €2,000. Notary fees, another component, are regulated in Spain and typically range from 0.2% to 0.5% of the property's price.
For a property in Andalusia, these notary fees can vary, but they don't necessarily average out to €2,000. The total legal fees for property transactions in Spain can include notary fees, AJD, and other administrative costs. These fees can range from 10% to 15% of the property's price, depending on the specific transaction and location.
While these percentages give a sense of the costs involved, there's no specific mention of an average cost of €2,000 in the sources provided. The €2,000 figure might be an average derived from various transactions, but it's not explicitly detailed in the available data.
Understanding these costs is crucial for anyone considering buying property in Andalusia. The legal fees, including taxes and notary charges, can significantly impact your budget. It's essential to factor in these expenses when planning your purchase.
Sources: Arquitasa, Inmobiliaria Tu Zona, Berrocal Fernandez
4) The average renovation cost for properties in Andalusia is now €25,000
The average renovation cost for properties in Andalusia is €25,000.
In Spain, renovation costs can vary widely depending on the size and location of the property. For example, a 60m² house might cost between €25,000 and €30,000 to renovate, which makes €25,000 a reasonable estimate for smaller homes. This is especially true in Andalusia, where costs are generally lower compared to cities like Madrid or Barcelona.
Regional differences significantly impact renovation expenses. While cities such as Madrid and Barcelona have higher costs due to their elevated cost of living, regions like Andalusia offer more affordable options. This makes the €25,000 average quite plausible for properties in this area.
The type of property and the specific renovations needed, such as updating kitchens or bathrooms, also affect the total cost. Smaller properties or those requiring specific types of renovations might find the €25,000 average more applicable, even if comprehensive data for Andalusia isn't readily available.
For those considering buying a property in the country, understanding these cost variations is crucial. In Andalusia, the €25,000 figure serves as a useful benchmark, especially when planning for smaller or more targeted renovation projects.
While comprehensive data for Andalusia might be lacking, the available figures suggest that the €25,000 average is a realistic expectation for many property buyers in the region.
Sources: Inmobiliaria Tu Zona, Domoblock
5) Andalusia's average rental yield is currently about 5.5%
In Andalusia, the average rental yield is about 5.5%.
For those eyeing new properties, the median rental yield stands at 4.0%. However, the average is a bit higher, hinting that some properties are pulling in better returns. On the flip side, used properties are showing a median yield of 5.9%, with the average even higher, indicating a solid performance in this market.
Looking closer at the provinces, Huelva, Almería, Sevilla, and Jaén are leading the pack with yields between 6.2% and 5.5%. These numbers are quite impressive, making these areas attractive for potential investors.
In contrast, provinces like Granada, Cádiz, Málaga, and Córdoba are seeing lower yields, ranging from 4.7% to 3.3%. This variation highlights the diverse rental market across Andalusia.
Understanding these figures can help you make informed decisions when considering property investments in the region. The higher yields in certain provinces suggest a more lucrative opportunity, especially in the used property segment.
Whether you're looking at new or used properties, knowing these statistics can guide your investment strategy, ensuring you maximize your returns in Andalusia's dynamic real estate market.
Source: Euroval
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6) In 2024, apartment prices per square meter in Andalusia ranged from €2,000 to €3,500
The average price per square meter for apartments in Andalusia in 2024 ranged from €2,000 to €3,500.
In the past year, property prices in Andalusia have seen a notable increase. According to Idealista, there was a 16.46% rise in property prices from December 2023 to October 2024. This surge pushed the median price to €2,398 per square meter, reflecting a strong upward trend in the market.
Prices aren't uniform across the region, though. Indomio's data highlights significant differences between provinces. For example, Málaga stands out with the highest price at €3,656 per square meter, while Jaén offers more affordable options at €904 per square meter. These disparities are key to understanding the broad price range in Andalusia.
Such variations in pricing create a diverse real estate landscape, making it essential for potential buyers to consider location carefully. The differences in provincial pricing are influenced by factors like local demand, amenities, and economic activity.
For those eyeing a property in Andalusia, it's crucial to weigh these factors. Whether you're drawn to the bustling life of Málaga or the quieter, more affordable Jaén, the region offers something for every budget.
Understanding these dynamics can help you make an informed decision, ensuring you find the right fit for your needs and financial plans.
Source: Indomio
7) Rental yields for residential properties in Andalusia stayed at 4-6% in 2024
In 2024, rental yields for residential properties in Andalusia remained steady at 4-6%.
Rental prices in Andalusia jumped by 10.5% in 2024, reaching 11.8 euros per square meter. This increase allowed landlords to charge more, helping to keep rental yields stable even if property values fluctuated.
Different cities in Andalusia showed varied rentability. Jaén and Huelva topped the list with rentabilities of 6.91% and 6.90%, respectively. In contrast, Sevilla and Málaga had slightly lower figures, at 5.97% and 5.24%. Despite these differences, the overall yield range of 4-6% held firm across the region.
Tourism also plays a role, especially in cities like Málaga, where properties used for tourism can see a boost in rentability. However, this is more of a localized effect and doesn't necessarily impact the general rental yield for residential properties throughout Andalusia.
Sources: Propiedades Inmobiliarias, La Razón, El Mundo
8) In 2024, monthly rents for two-bedroom apartments in Andalusia ranged from €1,200 to €1,800
In 2024, monthly rents for two-bedroom apartments in Andalusia ranged from €1,200 to €1,800.
To understand this, let's look at some examples. In Málaga, a bustling city in Andalusia, the average rent for a one-bedroom apartment in the city center was about €872.73. Meanwhile, if you needed more space, a three-bedroom apartment would set you back around €1,510.36. This gives you a sense of how two-bedroom apartments fit into the rental landscape.
So, if you're considering a two-bedroom place, it makes sense that the rent would fall between the costs of one-bedroom and three-bedroom apartments. This aligns perfectly with the €1,200 to €1,800 range. Andalusia's rental market is diverse, offering everything from basic to fully furnished apartments, often with modern amenities like Wi-Fi, which is a big draw for digital nomads and remote workers.
These amenities and the demand for comfortable living spaces in urban areas are key factors in the rental prices. Many renters are looking for places that offer a blend of comfort and convenience, making these apartments highly sought after.
In cities like Málaga, the vibrant lifestyle and cultural attractions add to the appeal, driving up demand. People are willing to pay a premium for the lifestyle and convenience that comes with living in such dynamic areas.
So, if you're eyeing a move to Andalusia, expect to find a range of options that cater to different needs and budgets, all within that €1,200 to €1,800 bracket. The variety in the market ensures there's something for everyone, whether you're a solo professional or a family looking for more space.
Sources: Engel & Völkers Germany, Airbnb Spain
We made this infographic to show you how property prices in Spain compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) Properties near Andalusia’s beaches rose by 7-9% in 2024 due to limited supply
In 2024, properties near Andalusia's beaches appreciated by 7-9% due to limited supply.
Back in 2023, beaches like Playa del Zapillo in Almería were already highly sought-after for homebuyers. The demand was evident with median prices per square meter hitting 1,966.84€. This high demand naturally pushed property values upward.
Coastal towns across Andalusia, such as Playa de Torre del Mar in Málaga and Playa de La Victoria in Cádiz, also saw a surge in interest. The allure of these areas, with their pristine beaches and natural beauty, made them hot spots for buyers, further driving up property values.
Particularly in Cabo de Gata, Almería, the combination of stunning landscapes and limited property availability created a perfect storm for price increases. Buyers were drawn to the unique charm and tranquility of these coastal areas, intensifying competition.
As a result, the limited supply of properties in these desirable locations led to a significant appreciation in value. The trend was consistent across various popular beaches, reflecting a broader pattern of rising property values in Andalusia.
For those considering a purchase, understanding these dynamics is crucial. The combination of high demand and limited supply continues to shape the market, making it a competitive landscape for potential buyers.
Sources: Europasur, Inmobiliaria Almería
10) Second-hand properties in Andalusia appreciated by 5% on average in 2024
The real estate market in Andalusia saw a 5% increase in second-hand property prices in 2024.
This rise was not uniform across the region. In Málaga and Cádiz, property prices jumped by 10.4%, making them the leaders in price growth. Huelva wasn't far behind, with a 9.9% increase, while Almería saw a 9.2% rise. These figures highlight that some areas are experiencing more rapid growth than others.
Even with these increases, Andalusia's second-hand property prices remain relatively affordable. The average price per square meter is 1,414 €/m², which is still below the national average of 1,701 €/m². This means that despite the upward trend, buying property in Andalusia can be more budget-friendly compared to other regions in Spain.
For potential buyers, this could be an attractive opportunity. The combination of rising property values and relatively lower prices per square meter suggests a market that is both growing and accessible. This dynamic is particularly appealing for those looking to invest in a region with promising growth potential.
Understanding these regional differences is crucial for making informed decisions. While some areas like Málaga and Cádiz are experiencing significant price hikes, others offer more moderate growth, providing a range of options depending on your investment goals.
As the market continues to evolve, keeping an eye on these trends can help you make the most of your property investment in Andalusia. Whether you're looking for a vacation home or a long-term investment, the region offers diverse opportunities.
Sources: Andalucía Inmobiliaria, Andalucía Información, Euroval
11) Luxury apartments in Andalusia’s historic districts sold for €700,000 to €1.2 million in 2024
In 2024, luxury apartments in Andalusia's historic districts sold for €700,000 to €1.2 million.
The housing market in Andalusia was on a roll, with property prices rising for the 13th consecutive quarter by October 2024. This steady climb shows just how strong and in-demand the market is.
Take Málaga and Marbella, for example. These hotspots saw substantial price hikes, with Málaga's average price per square meter hitting €2,400 and Marbella's reaching €3,394. Known for their high property values, these areas attract high-net-worth individuals looking for luxury real estate.
Andalusia's historic districts are not just about beautiful architecture; they offer a lifestyle and investment potential that is hard to resist. This combination has driven the demand for luxury apartments even higher.
High-net-worth individuals from around the globe have their eyes on these exclusive properties. Real estate experts in the region have noted this trend, highlighting the global interest in Andalusia's prime locations.
With such a strong market and desirable locations, it's no wonder that luxury apartments in these areas command such high prices.
Sources: Belleside Real Estate Market Report 2024, Idealista News
Buying real estate in Andalusia can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
12) Second-hand villas in Andalusia’s suburbs sold for €800,000 to €1.5 million in 2024
In 2024, second-hand villas in Andalusia's suburbs sold for €800,000 to €1.5 million.
Let's dive into why these prices make sense. Malaga and Cadiz were among the priciest spots in Andalusia, with housing prices hitting around €2,684 per square meter by mid-2024. This regional variation is a big piece of the puzzle. Malaga, in particular, saw a year-on-year price jump of 15.2%, making it a hotspot for property buyers.
Other cities like Granada, Seville, and Cordoba weren't far behind, each experiencing their own price hikes. This wasn't just a local trend; it was part of a larger pattern across Spain. The real estate market was booming, with property prices rising over 8% in 2024 due to strong economic growth and high demand.
Even though the specific price range of €800,000 to €1.5 million for these villas wasn't directly mentioned in the sources, the data supports it. The significant growth in property values, especially in high-demand areas like Malaga, suggests that such prices were common in certain suburbs of Andalusia.
So, if you're considering buying a property in Andalusia, these numbers give you a solid context. The market dynamics in 2024, with consistent economic growth and high demand, played a crucial role in shaping these prices.
Understanding these trends can help you make informed decisions. Whether you're eyeing a villa in Malaga or exploring other cities, knowing that regional variations and city-specific trends impact prices is key.
Sources: Idealista, Dream Property
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.