Malaga

Property for Sale in Malaga City: The Complete Guide for Foreigners

Buying property in Malaga City is a great investment opportunity. The city, by the Costa del Sol, offers Mediterranean beauty, city life, and rich cultural heritage. Owning a property here in this busy Spanish city provides an amazing investment and one you can enjoy long-term through Spain’s Golden Visa program.

The Spanish property market has had its fluctuations, but Malaga is strong and growing. It has a lively real estate market because of interest from buyers around the world. This guide will help you understand Malaga’s property market, what makes it special, and the important steps to buy a home here.

Why Invest in Malaga City?

See why Malaga is so popular:

Golden Visa Benefits
Buying a property in Malaga valued at a minimum of €500,000 lets you apply for a Spanish Golden Visa and a permit to travel freely throughout the Schengen Zone.
Perfect Weather
Malaga enjoys more than 300 sunny days a year and only has mild winters. This makes it a perfect city to live in and for a holiday home.
Affordable Luxury
Malaga boasts a very high quality of life while having much more reasonable costs of living and housing compared to major US cities or European centres such as Paris, London, and Lisbon.
A Tourism Powerhouse
Malaga is a tourism town, and the demand is always very high. Owning a house here will yield regular income with holiday rentals in busy areas, like the historic centre or along the beach.
A Market for Everyone
From modern apartments right in the city centre to luxurious villas offering the best views over the Mediterranean, Malaga’s property market is quite impressive.

Can Foreigners Buy Property in Malaga City?

There are no Malaga laws that forbid foreigners from buying a house or apartment. In fact, Spain itself encourages foreign investors to buy real estate through programs like the Golden Visa, whereby property buyers are granted residence permits, renewable in cases of meeting minimum purchase prices. 

Malaga’s real estate market is easy to reach and straightforward to international investors. Brits love it because of the rich culture that surrounds the place, relatively affordable property prices, and an opportunity to enjoy famous Spanish food and their way of life.

It is normally an uncomplicated process, yet there are some matters to consider. Getting a mortgage, for instance, may require both a Spanish bank account and an increased deposit in comparison to the natives. However, these issues can easily be managed with good assistance and planning.

Looking for Houses in Malaga

From historic townhouses in the Old Town to sleek, modern apartments commanding a view over the port, Malaga has all types of properties. Finding the right property in Malaga is easy, especially considering all the real estate portals and agents operating in retirement, investment, and relocation.

Some preferred websites for property searching are:

Fotocasa
Idealista
Kyero

International buyers are best suited working with local estate agents who have experience in serving foreigners. Such agents’ services include local market knowledge and handling of issues as they arise. 

However, just like in any property purchase, it is always desirable to personally view the property to ensure that it meets your expectations.

FAQs

Can Foreigners Buy Property in Malaga City?
Yes, foreigners can buy property in Malaga without restrictions. The process is straightforward, and buyers can benefit from Spain’s Golden Visa program by meeting the investment threshold.
Are Property Prices in Malaga Affordable Compared to Other European Cities?
It is much cheaper compared to other big cities, like London, Paris, or Berlin. International buyers, in turn, prefer this city for its reasonability and good quality of life.
Is Malaga a Good Place to Invest in Rentals?
Absolutely – Malaga is a popular tourist destination, so much demand exists for the need of short-term holiday rentals, mainly in the great spots like historic centres or closer to the beach.
How to Get a Loan to Buy Property in Malaga?
A foreign buyer can get financing either from a Spanish bank or by using a platform like Upscore. Although the deposit required might be bigger, Upscore smooths out the process for international clients.
Where is a Good Area to Buy an Apartment in Malaga?
Old Town is great for its charm, El Paso for the locals’ fees, and La Malagueta for the places by the beach. Each neighbourhood has its own magic, depending on your lifestyle and investment goals.

Upscore's Benefits

Upscore’s Finance Passport makes life easier for anyone trying to own a house by offering customised mortgage solutions combined with professional advice.

Multiple Lenders

Compare different mortgage deals to find the best one available from local lenders.

Apply Anywhere

Our secure, online application puts you in control – apply for your mortgage anywhere, anytime.

Personalised Service

Work with a dedicated agent through the mortgage process.

Free to use

Upscore services are free, the commission comes directly from the lenders once a loan has been disbursed.

Explore Other Places in Spain

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Galicia

Galicia is a rugged region in northwest Spain, known for its lush landscapes, dramatic coastline and rich Celtic heritage.
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