Costa Sunsets, as specialists in the luxury villa market in Marbella and the Costa del Sol, we want to share with you our updated vision of how housing prices are expected to evolve through 2026 — both nationwide and in our core area of expertise: Marbella and the Costa del Sol.
National Overview: Spain
The Spanish real estate market continues to show a sustainable growth trend heading into 2026.
According to a report by CaixaBank Research, housing prices are expected to rise by around 9% in 2025 and 5.7% in 2026 across the country.
In addition, another analysis points to an accumulated increase of approximately 9% between 2025 and 2026, driven by improved purchasing power, more favorable credit conditions, and limited housing supply.
In summary: Spain will continue to see rising prices, although at a more moderate pace following recent years of sharp growth.
What This Means for Buyers and Investors
- A moderate rise indicates that this is not the time to expect drastic price drops, but rather to act strategically.
- Housing supply remains limited in many areas, reinforcing long-term value.
- It is crucial to choose the right location, property condition, and buyer profile — whether it’s a first home, investment, or second residence.
Local Focus: Marbella and the Costa del Sol
Our specific market — Marbella and the Costa del Sol — continues to demonstrate stronger performance than the Spanish average.
Context and Key Figures
- In 2025, the average price in Marbella reached around €5,200 per m², according to data from Idealista (August 2025).
- A specialized analysis shows that in Marbella, resale prices may rise between 5–15% in 2025, while new developments could increase by 15–20%, with some moderation expected in 2026.
- Another study forecasts a total increase of nearly 9% across the Costa del Sol by 2026, driven by international demand, favorable climate, strong connectivity, and limited supply.
2026 Forecast for Marbella and the Costa del Sol
At Costa Sunsets, we estimate that by 2026:
- In Marbella’s luxury segments (high-end villas and prime areas such as the Golden Mile, Sierra Blanca, etc.), prices could continue to rise by around 4–6% annually, as long as supply remains limited.
- In established but non-ultra-premium areas, growth may range between 3–5% annually, showing a slight slowdown compared to recent peaks.
- New premium developments are expected to continue leading price growth, while resale properties may experience more moderate increases due to higher availability and competition.
Key Factors Supporting This Forecast
- High international demand: Marbella remains a top destination for non-Spanish buyers.
- Limited land and construction: The new urban plan (PGOU) in Marbella will provide more buildable land, but delivery times remain long.
- Lifestyle, climate, connectivity, and quality tourism: These factors consistently enhance the area’s value and appeal.
- Market stabilization: Although price growth may slow, this shift helps create a more balanced and sustainable market.
Risks to Consider
- An oversupply of new developments could slow down growth.
- Regulatory, tax, or mortgage policy changes may moderate demand.
- Higher interest rates or rising construction costs could limit expansion.
Why Costa Sunsets Is Your Ideal Partner
At Costa Sunsets, we combine deep local expertise in Marbella’s luxury sector with comprehensive knowledge of the Costa del Sol property market and a strong international network that attracts the right buyers.
Our strategic approach allows us to help you make informed decisions, whether you are looking to buy, sell, or invest in the premium coastal market.
