News>Property prices in Marbella rocket with 20 percent increase in the last year
Property prices in Marbella rocket, with a 20% increase in the last year. The Costa del Sol town has registered the highest increase of all the large Spanish municipalities in the last year. Prices have increased by 19.9% which equates to an average cost of 4,121 euros per square metre, an all-time high compared with a national increase of 5.4%, according to Spain's INE, the national institute of statistics body, these are well above the average year-on-year increase.
Two other towns in Malaga province also saw prices rise above 10%. Mijas and Fuengirola, with 14.2% and 12.1% respectively; also all-time highs. The capital, Malaga, saw an 8% increase in prices between January 2022 and January 2023.
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