Marbella's real estate prices have hit record highs in 2024, reflecting the city's growing appeal to international investors and luxury property seekers. With rising property values across the region, this article explores Marbella's real estate market trends, notable luxury property figures, and area-specific pricing highlights.

• Table of contents
• Rising Property Prices in Marbella
• Luxury Properties and Global Rankings
• Marbella’s Real Estate Market Shows No Signs of Slowing

€4,812 ($5,219.34)—This is the average cost per square meter in Marbella at the end of the first half of the year, according to the real estate portal Idealista. It's a new record, and it is starting to become unsurprising, as month after month, the figures surpass the previous ones.

Specifically, according to The Agency’s Annual Real Estate Market Report on Marbella and the Costa del Sol, housing prices in Marbella have increased by 10% in the past year, reaching an average of €4,533/m² ($502 per square foot) in February 2024. Areas such as Nagüeles-Golden Mile, Nueva Andalucía, and Las Chapas-El Rosario stand out for their high real estate value. The evolution of housing prices for sale in Marbella is unstoppable, and from February to June 2024, real estate prices have risen by €279/m² ($30 per square foot).

The Agency´s Annual Real Estate Market Report on Marbella and the Costa del Sol positions Marbella as the 16th most expensive city in the world for luxury residences, surpassing Madrid and Dubai. New constructions and renovated properties in exclusive areas can reach prices of up to €28,600 per square meter ($2,949 per square foot). The rental market also shows notable figures, with an average rent of €2,263 ($2,512) per property.

Benjamin Beza, Sales Director of The Agency Marbella - The Belleside Team, highlighted the region's appeal:
"The solid growth of Marbella's real estate sector underscores the region's unique appeal. With its luxurious lifestyle, beautiful landscapes, and solid market fundamentals, Marbella is increasingly becoming a top choice for discerning investors from the United States."

Property Values Across Marbella’s Key Areas

Thus, housing values are rising in the seven main areas where Idealista divides the municipality:

• In Golden Mile, the price is already €6,252 ($6,781).
• In Nueva Andalucía, it is €5,329 ($5,780).
• In San Pedro, it nearly reaches €4,000 ($4,400), standing at €3,997 ($3,335).
• The most affordable area is Elviria-Cabopino, where the price per square meter is $4,015.

Marbella’s real estate market continues to set new benchmarks, driven by its luxurious appeal, prime location, and increasing global recognition. From record-breaking property prices to its ranking among the world’s top cities for luxury residences, the data highlights the area’s strong market fundamentals and investment potential. Whether it's high-end homes in Golden Mile or more affordable options in Elviria-Cabopino, Marbella offers diverse opportunities for buyers and investors. With consistent growth and rising demand, Marbella remains a standout destination for real estate in 2024.

If you’re ready to explore your options or need expert guidance on finding the perfect property, contact us today. The Belleside team is here to help you navigate Marbella’s thriving real estate market with confidence.