Spain · Europe · Population: 580,000
Malaga is moderately affordable compared to major global cities, with rapidly rising prices driven by strong demand. The city has affordable rents compared to global standards. At $250,000 average home price in Spain, buyers should consider the 7.8x price-to-income ratio when planning a purchase.
| Average Home Price | $250,000 |
| Price per sqm | $3,500 |
| Price-to-Income Ratio | 7.8x |
| Mortgage Rate | 3.2% |
| 1-Year Price Change | +9.2% |
| 1-Bedroom Apartment | $750/mo |
| 3-Bedroom Apartment | $1,200/mo |
| Rent-to-Income Ratio | 23% |
| Median Household Income | $32,000/year |
| Years to Buy (at median income) | 7.8 years |
| Local Currency | EUR |
With a price-to-income ratio of 7.8x, Malaga offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 9.2% in the past year.
Cities worldwide with home prices closest to Malaga
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