The Southern Spanish real estate market continues to demonstrate remarkable strength across our three key destinations. Marbella leads the charge with an impressive 13.92% surge in sales year-over-year, while property prices have increased by over 13% to reach an average of €4,961 per square meter. Estepona maintains steady growth with a 1.65% increase in sales, demonstrating consistent market stability and is by far our most sought after area. Our new project, Pied a Terre is receiving an incredibly positive reception in the market – fuelled by a great price point and unique architecture. Benahavis experienced a 20.52% decrease in sales, primarily due to limited new stock availability rather than decreased demand, as this prestigious hill-top municipality remains highly sought after.

At Propana, we’re seeing exceptional international investment activity, with foreign purchasers reaching a record high of 34.75% of all home sales in Málaga province. Across all three municipalities, 8,243 properties were sold, with resales dominating at 7,535 transactions. The luxury segment thrives with properties averaging €5,253,702, while developments like UNO Beach Residences in Marbella’s Golden Mile command prices up to €20 million. Our project management department continues to help clients manage their projects. We have an exciting reform project starting in September for clients based in Oman and a new build project for a client based in Malaysia. We are currently scheduling work for 2026 and have limited capacity remaining for project management or project oversight.

The region’s cultural calendar adds significant lifestyle appeal, with the Starlite Festival running from June 13th to August 27th at Marbella’s stunning Cantera de Nagüeles quarry, alongside popular events like the Marbella International Food Festival and Gourmet Weekend.

At Propana, we remain committed to helping you navigate these exciting opportunities in one of Europe’s most desirable real estate markets, whether you are looking to purchase your next home, make an investment or start a new build – contact us for a chat about how we can help.