Where is the best place to buy a property on Costa del Sol? What about the cheapest? In spite of rising cost of living in Spain and across Europe, there are still some Costa del Sol property bargains to be found, and we're here to help you find them. Costa del Sol prices vary depending on the type of property you're looking for, the location (close to the coast for further inland) and other aspects that we'll be having a look at. Let's have a closer look and find out the cheapest place to buy property on the Costa del Sol in 2022.
This ranking has been completed by consulting idealista price reports for the month of May 2022 and comparing average house prices per m2 in euros.
Costa del Sol prices
It is first of all important to note that house prices on the Costa del Sol are generally cheaper than in many other parts of Spain. In the province of Málaga, the average price/m2 of properties for sale currently stands at 2,604 euros/m2. This is compared to 3,400 euros/m2 in the Balearic Islands, 3,039 euros/m2 in Madrid and 2,727 euros/m2 in Barcelona. On the other hand, average Costa del Sol house prices are higher than those in Costa Blanca's Alicante province, where values stand at 1,796 euros/m2.
The Costa del Sol is one of the best places to live in Spain, and buying a property on there is not an unattainable dream, with a range of cheap property near Málaga for sale. Check out our selection of flats and apartments under 100k for sale on the Costa del Sol. On top of this, check out our selection of the best places to find Costa del Sol property bargains and some of the cheapest places to buy property on the Costa del Sol below.
Casares
Casares is a picturesque mountain village located about 15km inland from the prosperous coastal town of Estepona on Spain's Costa del Sol. Precisely due to its inland location, prices in Casares tend to be lower than in the main coastal towns. The average price per m2 for properties for sale in Casares currently stands at 2,132 euros/m2 below the average of the Málaga province (2,604 euros/m2)
Said to be one of the most photographed villages in Spain, this charming whitewashed town is impressively perched on the side of a sandstone mountain, and as well as being one of the best places to find a bargain property on the Costa del Sol, it's also one of the most beautiful and unique.
Estepona
Estepona was one of the first resorts in Spain to attract foreign residents and tourists and in 2022, it's as prosperous as ever with its friendly atmosphere and numerous beaches. The property market in Estepona also continues to grow, and while you can still find a bargain here, property prices continue to rise year-on-year.
This could also mean that buying property in Estepona is a great investment for the future, as the town is reported to see some of the highest annual price increases in all of Spain. Average prices currently stand at 2,620 euros/m2.
Vélez-Málaga
With 25 kilometres of coastline, Vélez-Málaga has beaches to suit everyone making it another great option for foreign buyers on a budget.
Velez-Malaga is the largest municipality in the eastern part of the Costa del Sol, with 82,365 inhabitants (according to the Municipal Register on 1st January 2020), and 157,88 square kilometres of territory. With average property prices of 2,092 euros/m2, you'll be able to find cheap flats, villas, country houses and townhouses in the area.
Rincón de la Victoria
Another great option for cheap property near Málaga is heading to Rincón de la Victoria. Rincón de la Victoria is a municipality on the Eastern Costa del Sol with 9 kilometres of beaches and a wide range of tourist attractions.
This Spanish town is great for anyone who wants to live by the sea, but without the price tag of other Costa del Sol locations such as Marbella or Nerja. Average house prices in Rincón de la Victoria currently stand at 2,092 euros/m2, and the town's subtropical climate and lively promenade invite you to look out over the Mediterranean at any time of the year and enjoy life by the sea.
Manilva
Another great option for those who want the beach on their doorstep in Manilva. Along with its beaches and marina, Manilva offers interesting historical and cultural heritage, meaning there is a wide range of things to see and do.
Property prices in the area are also well below the Málaga average and stand at 1,918 euros/m2, with a wide range of beachfront apartments and villas for sale, and plenty of bargains to be found.
Torrox
Torrox has become one of the most sought-after tourist destinations in Spain due to its pleasant year-round temperature and the tranquillity it offers visitors. Many expats also choose to make Torrox their home for the same reason, not to mention the fact that house prices in the town are reasonable with an average price of 2,128 €/m2.
You can find cheap property for sale in Torrox Pueblo and in the outskirts of the town if you're in search of a villa or larger property.
Renovation property for sale Costa del Sol
Another way to avoid higher Costa del Sol prices and to find cheap property is by searching for renovation property for sale on the Costa del Sol. The Málaga and Costa del Sol real estate market is full of properties that are in need of a little TLC, and if you're willing to spend a little time and money on them, you could get yourself a real bargain and the chance to create the house of your dreams. Find renovation property for sale on the Costa del Sol.
Cheap property for sale in Spain
For further advice on finding cheap property for sale in Spain, check out our guide. And why not also consider repossessed properties for sale on the Costa del Sol, as Spanish repossessions direct from banks can be a great way to get a bargain.
New homes in Benidorm winning over Dutch, Belgian and Polish buyers
Benidorm has become the preferred residential destination for European buyers aged 45 to 59, particularly from the Netherlands, Belgium and Poland. This group seeks modern, sustainable and well-connected homes for long-term stays or permanent residence. Developments such as Breeze, in Balcón de Finestrat, cater directly to this demand, offering sea views, A-class energy efficiency and an environment designed for year-round comfort.
Aedas invests €30m in 137-home development in El Verger, Alicante
Property developer Aedas Homes, currently in the media spotlight following a takeover bid by Neinor Homes, has announced a €30 million investment to build a residential project of 137 homes in the Alicante municipality of El Verger, located between the beaches of Les Deveses and La Almadraba.
Ibiza, from mega-luxury to shanty towns: the housing crisis gripping the island
Ibiza has two faces. On one side, the Ibiza of mega-luxury: vast, exclusive nightclubs and dream-like villas. On the other, an Ibiza of shanty towns and housing exclusion. It's no longer news that soaring property prices are forcing people to leave the island because they can no longer find homes at affordable rents.
The 10 most expensive cities to live in Spain in 2025
If there’s one clear trend in Spain’s housing market, it’s rising prices, both for buying and renting. While the rankings of the most expensive cities remain relatively stable, the cost of living in them is becoming increasingly out of reach.
Tini Menorca, the award-winning prefab home on the Balearic Islands
Discover this prefab home perched on a hillside, surrounded by pines and Menorcan ullastre trees, offering an unrivalled panoramic view of the Mediterranean.
Urgent property sales in Spain
Buying property in Spain is a dream for many, but the process can often be time-consuming and expensive. With summer now in full swing, there’s no better moment to secure your perfect home and start enjoying the sunshine right away. Luckily, urgent property sales offer a quick and cost-effective way to find fantastic deals within days or weeks.
