Square metres by municipality
The table divides €300,000 by the average price per square metre in each area, based on estimates from our local partners with data up to June 2026. Within a single municipality the differences are large, for example between frontline and third line, or between a new build and a 1970s block.
| Municipality | €/m² (indicative) | m² for €300,000 | Average flat |
|---|---|---|---|
| Manilva | 3,000 | 100 | €254,000 |
| Mijas (inland) | 3,190 | 94 | €286,000 |
| Mijas Costa | 3,370 | 89 | €331,000 |
| Rincón de la Victoria | 3,455 | 87 | €320,000 |
| Estepona | 3,510 | 85 | €352,000 |
| Benalmádena | 3,535 | 85 | €294,000 |
| Fuengirola | 3,565 | 84 | €286,000 |
| Torremolinos | 3,620 | 83 | €284,000 |
| Málaga city | 3,790 | 79 | €336,000 |
| Nerja | 3,915 | 77 | €345,000 |
| Marbella | 5,720 | 52 | €496,000 |
| Nueva Andalucía | 6,160 | 49 | €616,000 |
The last column shows where this budget buys above the local average: in Manilva, inland Mijas, Benalmádena, Fuengirola and Torremolinos. In Marbella and Nueva Andalucía, €300,000 is an entry-level budget. That matters on resale: a home at the top of its area's range faces little competition, one at the bottom of an expensive area faces a great deal.
Your budget is not your purchase price
Taxes and costs come on top of the price. As of 2026, the following indicative percentages apply in Andalusia:
- Resale home: transfer tax (ITP) 7%, notary, land registry and administrative agent around 1.5%–2%, independent lawyer around 1%–1.5%. Together 9%–11%.
- New build: VAT (IVA) 10% plus stamp duty (AJD) 1.2%, with the same additional costs. Together 13%–15%.
With a total budget of €300,000, that leaves a purchase price of around €265,000 for a resale home and around €260,000 for a new build. Also check the Spanish land registry's tax reference value: if it is higher than your price, transfer tax is calculated on that value instead. See our costs page for the full overview.
What you buy where
- Torremolinos, Fuengirola and Benalmádena: 83 to 85 m², often two or three bedrooms with a communal pool, within walking distance of the beach and the train. This is where supply is largest and the market moves most.
- Mijas and Manilva: 89 to 100 m², often with a large terrace or small garden. In return, you will usually need a car.
- Málaga: around 79 m², with year-round city life, hospital, university and a rental market that does not depend on the season.
- Marbella and Nueva Andalucía: 49 to 52 m², usually a studio or small flat in the second or third line.
- Estepona and Rincón de la Victoria: 85 to 87 m². According to the estimates, prices here rose the most over the past year, by 11.6% and 10.8%.
Worked example: a two-bedroom flat in Fuengirola
A buyer with €300,000 of own funds and no mortgage buys a 78 m² resale flat for €265,000. The amounts are rounded and indicative.
- Purchase price: €265,000
- Transfer tax 7%: €18,550
- Notary, land registry and administrative agent: €1,950
- Independent lawyer: €2,900
- Total: €288,400, leaving €11,600 of the budget
That margin is not a profit but a buffer. A cosmetic refurbishment costs indicatively €250–450 per m², so €19,500–35,100 for 78 m². A €240,000 flat that needs work is therefore often no cheaper than a €265,000 flat ready to move into. See also renovating on the Costa del Sol.
With a mortgage
Spanish banks typically lend up to 80% of the valuation to residents and around 60%–70% to non-residents. Purchase costs are not financed. For the same €265,000 flat this means:
- Resident (80%): mortgage €212,000, deposit €53,000 plus around €26,500 of costs, so around €79,500 of own funds.
- Non-resident (70%): mortgage €185,500, deposit €79,500 plus around €26,500 of costs, so around €106,000 of own funds.
Banks generally expect the monthly payment not to exceed 30%–35% of net household income. More on our financing page.
A little more or less budget
From €250,000 to €300,000 is a step up in category in the central coast: from around 70 m² to around 84 m², often with parking. From €300,000 to €350,000 mainly buys more comfort, such as a higher floor or a larger terrace. In Marbella, neither step changes much. If you are buying to let, a two-bedroom flat in an area with year-round demand usually works best; see two-bedroom flats and rental yield by area.
CostaVista guides you, together with our local partners, in translating your budget into a realistic search price and in choosing two or three suitable municipalities. Browse our current selection or get in touch.
General information, as of October 2026. This is not legal, tax or financial advice; for your own situation, consult an independent specialist.