How Much Does a 2-Bedroom Apartment Cost?

1st September 2024
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Near the Sea in Malaga Province

The Costa del Sol, mainly Malaga province, is one of the world’s most sought-after real estate markets, attracting foreign investors and vacationers. The region offers a diverse range of properties, with prices varying significantly depending on the town or area. Let’s explore how much a 2-bedroom apartment near the sea costs and how proximity to the beach and sea views influence prices.

Torremolinos, Benalmádena, and Fuengirola: Affordable but Crowded

Torremolinos, Benalmádena, and Fuengirola are among the earliest developed areas on the Costa del Sol, with most properties dating back to the 1960s and 70s. In these towns, the price of a 2-bedroom apartment ranges between €150,000 and €250,000, depending on how close it is to the sea. However, if the condo is beachfront with a sea view, prices can quickly rise from €350,000 to €500,000.

These areas are highly crowded, with properties often packed tightly together. New developments are rare, and when they do occur, they are usually overpriced and located in noisy areas, such as near highways. These towns might appeal to those seeking a budget-friendly option, but modern amenities like pools, gardens, or parking are seldom found.

Mijas, Calahonda, and East Marbella: Premium Properties in Prime Locations

Mijas, Calahonda, and the eastern parts of Marbella, such as Elviria, Las Chapas, and Los Monteros, represent the premium Costa del Sol real estate market segment. In these areas, 2-bedroom apartments without sea views typically range from €300,000 to €500,000. However, if the property is beachfront with stunning sea views, prices often exceed €600,000 and can go up to €1 million.

These properties are more spacious and modern, often featuring pools, landscaped gardens, and underground parking. These areas are ideal choices for those seeking a quieter yet premium lifestyle.

Marbella’s Golden Mile, Puerto Banús, and Nueva Andalucía: The Pinnacle of Luxury

Regarding luxury, Marbella’s Golden Mile, Puerto Banús, and Nueva Andalucía are the pinnacle of the Costa del Sol. In these areas, the price of a 2-bedroom apartment without sea views starts at €500,000 and can easily reach €1-2 million if the property is beachfront. The most exclusive properties in these locations can command prices of up to €20,000 per square meter, making this one of the world's most expensive real estate markets.

These high-end properties stand out for their quality, design, and craftsmanship. Buyers in these areas enjoy exclusive services, private security, breathtaking sea views, and the highest comfort levels. Unsurprisingly, these locations are the most popular among discerning buyers.

Between Marbella and Estepona: Luxury Developments close to Amenities

The area between Marbella and Estepona has many luxury developments featuring landscaped parks, pools, security services, and underground parking. In these areas, 2-bedroom apartments without sea views typically cost between €400,000 and €600,000, while beachfront properties can reach up to €800,000. The quality of the properties and the level of services offered make these apartments particularly attractive to buyers with higher budgets.

West of Estepona, Casares, and Manilva: More Far from the Airport, but More Affordable Properties

Property prices start to drop as you move west of Estepona towards Casares and Manilva, but the apartments are generally newer and more modern. Without sea views, these properties are priced between €200,000 and €300,000, while beachfront apartments range from €350,000 to €500,000. Although these areas are further from the more famous parts of the Costa del Sol, the quality of the properties and the benefits of new construction make them appealing to those looking for a seaside home at a more affordable price.

Conclusion

The cost of a 2-bedroom apartment near the sea in Malaga province varies widely depending on the location. Torremolinos, Benalmádena, and Fuengirola offer more affordable options, but these areas are crowded and mostly feature older properties. In premium areas like Mijas, Calahonda, and East Marbella, you’ll pay more for larger, more modern, and better-equipped apartments. Marbella’s Golden Mile, Puerto Banús, and Nueva Andalucía represent the height of luxury, with prices and services at the top of the scale. Finally, the areas west of Estepona and towards Casares and Manilva offer newer, more affordable apartments, often with modern amenities.

If you’re looking for your dream home in Malaga province, trust Move2Marbella to help you find the perfect property. Our expert team is here to guide you every step of the way, ensuring you find the ideal home that fits your needs and budget on the sunny Costa del Sol!


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