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New transaction data shows record-high property prices in Marbella,
while the number of completed sales has fallen.
The Marbella property market continues to set new records. New figures from Spain's notarial statistics show that the average price of a completed property transaction in Marbella reached €803,522 during the first five months of 2026.
It is the first time the average transaction price has exceeded €800,000.
At the same time, the average price per square metre has risen to €4,894 per m², while the number of property transactions has fallen.
This creates an interesting picture of the Marbella property market in 2026: fewer properties are being sold, but the homes that do sell are changing hands at significantly higher prices.
The development in average transaction prices shows just how quickly the Marbella property market has moved over the past few years.
| Year | Average transaction price |
|---|---|
| 2022 | €580,969 |
| 2023 | €663,933 |
| 2024 | €704,691 |
| 2025 | €736,936 |
| 2026, January–May | €803,522 |
From 2022 to the first five months of 2026, the average transaction price has therefore increased by approximately 38%.
Importantly, these figures are based on completed property transactions recorded by Spanish notaries rather than asking prices advertised on property portals.
This provides a more accurate indication of what buyers are actually paying for properties in Marbella.
The trend becomes even clearer when looking at the average transaction price per square metre.
During the first five months of 2026, the average transaction price in Marbella reached €4,894 per m².
For comparison:
The price per square metre has therefore increased substantially within only a few years.
This further highlights Marbella's position as one of the most sought-after international property markets on the Costa del Sol.
The increase in property prices is not limited to Marbella's traditional luxury locations such as the Golden Mile, Sierra Blanca and Nueva Andalucía.
San Pedro de Alcántara has also experienced significant price growth.
The average transaction price increased from €511,260 in 2024 to €608,532 in 2025 and then to €714,050 in 2026.
That represents an increase of almost 40% in approximately two years.
San Pedro de Alcántara has changed considerably in recent years and attracts both international and local buyers looking for an attractive residential location close to Marbella, Puerto Banús, the beach and everyday amenities.
Perhaps the most interesting aspect of the Marbella property market in 2026 is that these price increases are happening while the number of transactions is falling.
Between January and May 2026, 1,483 residential property transactions were recorded in Marbella.
If the same pace continues throughout the year, Marbella would finish 2026 with approximately 3,559 transactions.
By comparison, there were 4,443 property transactions in 2025.
That would represent a decline of approximately 20%.
The market is therefore not necessarily moving towards higher transaction volumes. Instead, fewer homes are changing hands while the average prices achieved on completed transactions continue to rise.
There is no single explanation for the development of Marbella's property market.
Marbella has had a strong international buyer base for many years and increasingly competes with other high-end residential markets around the Mediterranean.
At the same time, the supply of attractive properties in Marbella's most desirable locations remains limited.
Location, sea views, modern design, large terraces, security, community facilities and proximity to beaches and golf courses can all have a substantial impact on property values.
Modern homes and high-quality new developments can therefore command prices significantly above the overall Marbella average.
The average figure of €4,894 per m² does not mean that every property in Marbella is valued at this level. Prices vary considerably depending on the specific neighbourhood, property type, condition and individual characteristics.
For buyers, rising prices make it increasingly important to understand the individual areas of Marbella and the true market value of a property.
A home that initially appears expensive may be correctly priced if it is located in an area where supply is extremely limited.
At the same time, a strong property market does not mean that every asking price represents good value.
Buyers should consider factors including:
For international buyers in particular, comparing properties purely on price per square metre can be misleading.
Two apartments of 100 m² can have very different market values depending on their location, sea views, terrace, condition, quality and facilities.
For homeowners, the latest market figures are naturally interesting.
However, an average transaction price above €800,000 does not mean that every property in Marbella has increased in value by the same percentage.
The value of an individual property depends on factors including its location, property type, size, condition, views, terrace, floor level and current buyer demand.
If you are considering selling a property in Marbella, an individual valuation based on the specific property and the current local market is therefore more useful than relying solely on general market averages.
The latest 2026 figures demonstrate Marbella's continued position as one of the Costa del Sol's most valuable residential property markets.
The average transaction price has increased from €580,969 in 2022 to €803,522 in 2026, while the average price per square metre is now approaching €5,000.
At the same time, transaction volumes are falling.
It will therefore be particularly interesting to follow the Marbella property market throughout the remainder of 2026.
If supply remains limited and international demand continues to be strong, Marbella could maintain high property prices even if the overall number of transactions remains below previous years.
At Moberg Estate, we help international buyers find properties on the Costa del Sol and provide guidance throughout the buying process.
If you are looking to buy a property in Marbella, we can help you search for and compare suitable homes across the market.
If you already own a property in Marbella and are considering selling, we can also provide an individual property valuation and discuss the best strategy for bringing your home to market.
Contact Moberg Estate for a no-obligation conversation about buying, selling or the current Marbella property market.
The average price of a completed residential property transaction in Marbella reached €803,522 between January and May 2026. Actual prices vary significantly depending on location, property type, size and quality.
The average transaction price reached approximately €4,894 per m² during the first five months of 2026.
The latest transaction figures show that average prices continue to rise. The average transaction price increased from €736,936 in 2025 to €803,522 during the first five months of 2026.
No. Transaction volumes have fallen while average prices have continued to increase. A total of 1,483 residential transactions were recorded between January and May 2026.
This depends on the buyer's budget, objectives and investment horizon. Marbella has a strong international property market, but prices vary significantly between areas. Every property and location should therefore be assessed individually.
