Costa del Sol property prices
Property price development in Estepona, Marbella, Benahavís, Casares, Manilva and Sotogrande.
How property prices on the Costa del Sol have developed — in Estepona, Marbella, Benahavís, Casares, Manilva and Sotogrande. Over the past year resale prices rose by an average of +9.4%, over five years between +71.9% and +103.6%. The current level ranges from € 3,039 / m² to € 5,992 / m². All figures are our own market analysis and describe the past, not a forecast.
Resale prices by municipality
Long-term rentals by municipality
Long-let rents range from € 13.7 / m² in Manilva to € 23.7 / m² in Marbella per month — at gross yields from 4.3% to 5.5%.
| Municipality | Rent level€/m² per month | Gross yieldresale, per year | Change1 year | Change5 years | Change10 years | |
|---|---|---|---|---|---|---|
| Estepona | € 21 / m² | 5.0% | +3.8% | +117.7% | +190.3% | Explore → |
| Marbella | € 23.7 / m² | 4.8% | +8% | +92.7% | +137% | Explore → |
| Benahavís | € 22 / m² | 4.8% | +11.4% | +73.7% | – | Explore → |
| Casares | € 14.5 / m² | 5.5% | +3.6% | +108.6% | – | Explore → |
| Manilva | € 13.7 / m² | 5.4% | +5.3% | +94.4% | +146.4% | Explore → |
| Sotogrande | € 14.1 / m² | 4.3% | +6.1% | +63.2% | +86.8% | Explore → |
Holiday rentals by municipality
Current holiday-rental metrics by municipality. Across all six municipalities the number of active holiday lets has fallen by 12 to 24 % within a year — likely a result of the new registration rules, and thus less competition for licensed hosts.
| Municipality | Active holiday letschange, 1 year | Price per nightsummer in brackets | Occupancyyear | Occupancysummer | Revenue per homeyear-round let, per year |
|---|---|---|---|---|---|
| Estepona | 2,272 (−15 %) | 174 € (223 €) | 41–67 % | 57–81 % | 28,000–47,000 € |
| Marbella | 5,166 (−12 %) | 208 € (284 €) | 38–63 % | 53–80 % | 33,000–57,000 € |
| Benahavís | 468 (−24 %) | 210 € (263 €) | 35–59 % | 48–78 % | 32,000–57,000 € |
| Casares | 408 (−22 %) | 160 € (191 €) | 31–54 % | 50–77 % | 20,000–37,000 € |
| Manilva | 703 (−22 %) | 131 € (153 €) | 27–53 % | 36–74 % | 15,000–28,000 € |
| San Roque (Sotogrande) | 265 (−20 %) | 235 € (300 €) | 31–52 % | 44–71 % | 29,000–52,000 € |
As of August 2026, 36-month history. Ranges: median to upper quartile. Sotogrande is captured as part of the San Roque municipality; municipal figures run above the neighbourhood figures on the project pages, as town and beachfront locations are included.
Municipalities compared
Across the western Costa del Sol, resale prices rose by an average of +9.4% over the past year. Estepona led the way (+17.4%), while the highest price level is in Marbella at € 5,992 / m². Over five years, growth ranges from +71.9% to +103.6%.
| Municipality | Resale price levelexisting stock, €/m² | Resale priceschange, 1 year | Long-let rentschange, 1 year | Gross rental yieldresale, per year | New-build projectscurrently available | |
|---|---|---|---|---|---|---|
| Estepona | € 5,000 / m² | +17.4% | +3.8% | 5.0% | 115 | Explore → |
| Marbella | € 5,992 / m² | +4% | +8% | 4.8% | 25 | Explore → |
| Benahavís | € 5,544 / m² | +7.1% | +11.4% | 4.8% | 14 | Explore → |
| Casares | € 3,177 / m² | +2.8% | +3.6% | 5.5% | 25 | Explore → |
| Manilva | € 3,039 / m² | +13.5% | +5.3% | 5.4% | 12 | Explore → |
| Sotogrande | € 3,969 / m² | +11.6% | +6.1% | 4.3% | 3 | Explore → |
Total return by municipality
Example for a typical two-bedroom new-build apartment per municipality: net holiday-let yield (after 25 % costs) plus average annual price growth (five-year average). Backward-looking — past figures, not a forecast.
| Municipality | Typical 2-bed new buildmedian price (offers) | Rental yieldnet, per year | Price growthper year, 5-yr avg | Total returnper year |
|---|---|---|---|---|
| Estepona | 580,000 € (285 homes) | 3.6–5.8 % | 14.7 % | 18.3–20.5 % |
| Marbella | 674,400 € (32 homes) | 3.3–5.3 % | 12.3 % | 15.6–17.6 % |
| Benahavís | 745,000 € (39 homes) | 2.6–4.2 % | 15.3 % | 17.9–19.5 % |
| Casares | 620,000 € (59 homes) | 2.3–4.1 % | 12.8 % | 15.1–16.9 % |
| Manilva | 427,322 € (88 homes) | 2.5–4.6 % | 13.0 % | 15.5–17.6 % |
As of Aug 2026. Price basis: median of the two-bedroom new builds currently offered per municipality (not the entry price). Price growth = five-year annual average. Past figures, not a forecast.
Investing on the Costa del Sol — frequently asked questions
Where on the Costa del Sol is investment most worthwhile?
It depends on your investment strategy — for most investors, Estepona is the best starting point on the western Costa del Sol.
Estepona combines what investors want: a walkable town centre with full infrastructure, so you need no car for daily life, a lively beach promenade, the largest choice of new-build projects in the region (115 of our 194 projects) and, at around € 5,000 / m², a price level noticeably below the top locations. That makes the town attractive for own use as well as for holiday and long-term letting.
The neighbouring municipalities serve other goals:
- Marbella and Benahavís: the first address for prestige, golf and exclusive locations in the upper price segment — for buyers who put location and quality above the entry price.
- Casares or Manilva: more square metres per euro, quieter spots and nature from around € 3,039 / m² — ideal for investors who enter affordably and target a higher rental yield, while staying flexible with a car day to day.
Which municipality and which specific property fits your investment is something Christiane Tiebel of newEstepona selects with you, accompanying you on viewings on the ground.
All new-build projects in Estepona →Which Costa del Sol municipality offers the most affordable entry?
The most affordable entry on the western Costa del Sol is Manilva, with an existing-stock price level of € 3,039 / m².
For comparison: in Marbella the price per square metre is € 5,992 / m², markedly higher. For investors, a low entry brings several advantages: more living space per euro invested, less capital tied up and generally higher gross rental yields, because rents do not fall as far as purchase prices. Manilva and the surrounding coastal towns in particular see strong holiday-let demand.
The trade-off: a little less infrastructure on the doorstep than in the larger towns, but peace, nature and proximity to the sea. newEstepona lists several new-build projects there; Christiane Tiebel shows which of them fit your budget and planned letting.
New-build projects in Manilva →Where on the Costa del Sol is holiday letting most profitable?
In the comparison of municipalities, holiday letting was most profitable in Benahavís.
There a two-bedroom home reached 32–57k € in revenue per year at 35–59 % occupancy. As a rule on the Costa del Sol: the closer to beach, promenade and old town, the higher the occupancy and achievable nightly rate. Also decisive for the yield are the tourist licence (Vivienda con Fines Turísticos), professional management and a layout that appeals to families and groups.
Which new builds specifically suit holiday letting — from the pool to the orientation of the terrace — and how to obtain the licence, Christiane Tiebel of newEstepona shows you.
Guide: investing in Spanish property →New build or resale on the Costa del Sol — the better investment?
For most investors on the Costa del Sol, the new build is the better choice.
Resale prices range by municipality from € 3,039 / m² to € 5,992 / m². A new build usually sits above that but brings advantages that pay off in letting and resale:
- as-new condition, low upkeep and a ten-year warranty
- modern, energy-efficient layouts with low running costs
- in-demand shared amenities such as pool, gym and sometimes concierge
- staged payment until completion that preserves capital
Resale properties are worthwhile above all for immediate availability or in prized town-centre locations. Which option better suits your budget and return expectation, Christiane Tiebel of newEstepona weighs up for you.
How to buy property in Spain →Who advises on property investment on the Costa del Sol?
For property investment on the Costa del Sol, you are supported personally and on the ground. Your contact is Christiane Tiebel of newEstepona.
She lives in the region and, with her network, covers the entire western Costa del Sol from Sotogrande to Marbella. She knows the current new-build projects first-hand, negotiates directly with developers and hand-picks the right properties for viewings — from the first shortlist to the handover of keys she coordinates lawyer, notary and financing.
A first consultation, current price lists and brochures are available easily and without obligation via WhatsApp or email.
Talk to Christiane Tiebel →Resale asking prices in the existing stock, all property types combined. · Our own market analysis of newestepona.com
Author · Market analysis
Sascha Tiebel
Co-founder and CMO of newEstepona.com. Building real-estate websites since 1998 (the wavepoint agency, maklerrank.de), he aggregates the market data and price trends on the Costa del Sol for newEstepona.
New-build projects on the Costa del Sol
All current new-build projects — filter by location, type and price.
The Avenue Marbella
Fuente Lirios
Nikki Living Villas
Marine Hills Phase 1
Altura 160
Marbella Club Hills Phase II
Era Residence
Las Villas - Sotogrande
Upper 101
Grand Bay
The Sky Marbella Apartments
Royal Park
Palm Luxury Gardens
Le Monte
Amenábar Cortesín
Cortesin Hill Club
Altos de Manilva
Isla Bela
No project matches this selection. Change one of the filters to see more.
About us
In Estepona we have found a place with a special quality of life. The climate, the Spanish culture, a variety of leisure activities and an international community offer a unique attitude to life throughout Europe.
With many decades of real estate experience our team will find the right property for you. From the first contact through all administrative procedures to the final notary appointment we are a reliable partner on your side.