Housing in Estepona skyrockets: the price per square meter reaches 3,854 euros in April 2025
Idealista's report shows a continuous increase in property prices, solidifying Estepona as one of the most expensive municipalities on the Costa del Sol.
Estepona remains one of the most expensive municipalities on the Costa del Sol for property purchases. According to the latest data from Idealista, the price per square meter reached 3,854 euros in April 2025, showing a 1.7% increase from the previous month and a 4.7% rise from the previous quarter. This growth adds to the ongoing upward trend that has characterized the local real estate market in recent years.
Estepona, along with Marbella and Fuengirola, leads the ranking of the most expensive municipalities for housing in the province of Málaga. According to Idealista's "Evolution of Housing Prices in Estepona" report, the average price per square meter for property reached 3,854 euros in April 2025. This marks a significant increase compared to the same month in 2024 when the price was 3,590 euros per square meter.
This rise is not an isolated phenomenon. The analysis of the past few years shows a consistent upward trend in property prices in Estepona, establishing the municipality as one of the priciest on the Costa del Sol. Throughout 2024, the price of housing in Estepona rose by 16.1%, reflecting the high demand for properties in the area, largely driven by Estepona's growing popularity as a tourist and investment destination.
In comparison with other nearby cities, Estepona maintains a prominent position. Marbella tops the list with 4,260 euros per square meter, while Fuengirola comes in second place with 3,540 euros per square meter. Estepona ranks third with a price surpassing 3,300 euros, even outpacing Málaga city, where the average price stands at 3,013 euros per square meter.
Significant Increases in Q1 2025
Data from the first quarter of 2025 further solidifies this upward trend. In Estepona, the average price of housing increased by 5.3% compared to the previous quarter, reinforcing the image of a local real estate market that shows no signs of slowing down. This rise places Estepona among the municipalities with the most notable price growth on the Costa del Sol, only surpassed by Vélez-Málaga and Marbella.
The increase in prices in Estepona is not solely the result of high demand from Spanish buyers. The data suggests that international investors are also playing a crucial role in the local real estate boom. Estepona has solidified itself as an attractive destination for foreign buyers, drawn by its quality of life, infrastructure, and proximity to Marbella and other tourist hotspots on the Costa del Sol.
Land Scarcity, a Key Factor
Idealista's report also highlights a key factor behind the price rise: the scarcity of available land in the municipality. Despite efforts to build new homes, the supply of new construction remains limited, contributing to rising prices in the second-hand property market.
This phenomenon is not exclusive to Estepona. In general, coastal municipalities along the Costa del Sol, such as Benalmádena, Torremolinos, and Mijas, have also experienced price increases over the past year, reinforcing the idea that the region is increasingly a place where property prices are out of reach for many local buyers.
Short- and Medium-Term Outlook
In the short term, experts do not anticipate a significant slowdown in price increases. The ongoing high demand, both from national and international buyers, and the limited supply of properties, particularly in high-level tourist areas, suggest that prices will continue to rise in the coming months.
Estepona, along with the rest of the Costa del Sol, remains an attractive refuge for those looking to invest in real estate. However, the rising cost of housing also presents challenges for local residents, who are finding it increasingly difficult to access affordable housing.
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Estepona continues to solidify itself as a hub for both national and international buyers and investors. With a real estate market that shows no signs of slowing and an unparalleled quality of life, the town remains one of the most exclusive and expensive destinations on the Costa del Sol. Recent data on price trends in the municipality confirm that the upward trend will continue, although with evident challenges for local buyers seeking affordable housing.