JUST | Q2 2025 Market Report
The Q2 2025 market report for Marbella, Estepona, and Benahavís confirms the Costa del Sol’s resilience, with more than 2,450 transactions recorded in the quarter. Demand remained robust, supply constrained, and prices advanced steadily across all three municipalities, consolidating the region’s status as one of Europe’s most attractive and secure property markets.
Marbella registered around 1,200 sales, up 7–8% year-on-year, with average asking prices near €5,170 per square metre — almost 10% higher than last year. Estepona delivered one of the strongest performances on the coast, with approximately 1,000 sales, a 50%+ annual increase, and average prices rising to €3,874 per square metre. Benahavís remained firmly positioned at the ultra-prime end, recording 250–280 mostly resale transactions at close to €4,963 per square metre.
International buyers continued to drive activity, led by Northern Europeans alongside growing interest from the Middle East and US. Roughly half of all sales were completed without mortgages, underlining the financial strength of incoming buyers. In the financed segment (€500,000–€1.5 million), mortgage activity remained steady despite higher rates.
The outlook for H2 2025 is positive. Marbella is set to consolidate its leadership in the luxury market, Estepona will continue its role as a growth hub, and Benahavís will remain the reference point for exclusivity and gated estates. With supply limited and international demand broadening, the Costa del Sol market is expected to remain stable and growth-oriented through year-end.
Join our 10,000+ Subscribers Today
Join our community of 10,000+ subscribers and stay ahead in the Marbella property market. By signing up to our newsletter, you’ll receive exclusive access to in-depth market reports, comprehensive buyer and seller guides, and carefully curated local insights delivered straight to your inbox. Whether you’re looking to purchase, sell, or simply stay informed, our updates ensure you always have the latest information first — giving you the edge in one of Europe’s most dynamic markets