Mark Stücklin
The latest SPI report on the West Costa del Sol reveals a market that’s holding its own — not booming, but far from slowing. Sales are steady, prices keep climbing, and foreign demand remains the backbone of the coast.
The West Costa del Sol Housing Market Report (H1 2025) paints a picture of stability with a twist. Overall sales in Málaga province slipped just 1% compared to last year — hardly a slowdown after a decade of strong growth — while foreign demand continues to shape the market, accounting for nearly 40% of all transactions.
Expats buying to live in Spain were slightly up, and second-home buyers only fractionally down, suggesting that international interest remains solid despite higher prices and fewer homes to choose from.
Where the action really stands out is in new builds. Sales of newly constructed homes jumped 12%, far outperforming the broader market and now making up an ever-larger share of total sales. It’s a sign that buyers are following supply — and supply increasingly means new developments.
Prices, meanwhile, show no sign of fatigue. The provincial average rose 7%, and asking prices in Marbella, Estepona, and Benahavís climbed between 8% and 12%. Mortgage lending is also rebounding as the Euribor drops back, hinting that cheaper financing could lift activity later this year.
In short, the West Costa del Sol looks less like a market losing steam and more like one adjusting to new conditions — with limited supply, resilient demand, and a long-term upward trend still intact.
For charts, data, and the full breakdown, read the complete West Costa del Sol Market Report (H1 2025) now available on SPI.
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