Málaga’s property market has seen significant growth in recent years, with average property prices rising by 30% over the past five years. While this highlights the region’s increasing popularity, it has also made it more challenging for many buyers to find affordable homes.
Strong demand, a growing population and a limited new housing supply have driven prices upwards. Placing Málaga amongst Spain’s most sought-after property markets, just behind Madrid, Barcelona, and San Sebastian.
However, positive steps are being taken to balance the market and create more opportunities for local buyers. One key initiative is the introduction of affordable housing projects designed to offer quality homes at accessible prices.
An example is Residencial VPO Santa Ana, recently announced by developer Bucéfalo Gestión. This development will bring 167 well-priced homes to the expanding area of Cortijo Merino.
These VPO (Vivienda de Protección Oficial) homes are designed to stay within reach of local families. Built on land provided by local authorities, their prices are controlled to remain affordable and avoid speculation. Price limits are in place for 20 years, ensuring they continue to benefit future homeowners.
Residencial VPO Santa Ana is set to be one of Málaga’s most promising new neighbourhoods. With excellent transport links - including easy access to major roads and the planned metro extension—it’s ideally positioned for convenience and growth.
The development also includes plans for green spaces, shops, schools, and a health centre, helping to create a vibrant, well-connected community where residents can thrive.
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Photo credit: Bucéfalo Gestión