---
title: "Costa del Sol Property Prices Hit New Record in Q3 2026, but Annual Growth Begins to Stabilize"
url: "https://link2property.com/costa-del-sol-property-prices-new-record-q3-2026/"
type: "post"
published: "2026-08-09T20:13:39+00:00"
modified: "2026-08-17T09:34:09+00:00"
author: "Link2Property"
---

**MARBELLA, August 9, 2026** – Asking prices for properties in the Málaga province have reached yet another all-time high this summer, but analysts point to clear signs that the market is beginning to normalize after two years of post-pandemic acceleration.

According to the latest Q3 2026 data, the average asking price across Málaga province now stands at a record €4,272 per square meter. While every month of 2026 has set a fresh high, the rate of year-on-year growth has halved. In September 2025, annual price growth peaked at 14.0%; today, that figure has cooled to a much more sustainable 7.6%.

In premium enclaves, prices remain exceptionally strong. Marbella’s average asking price sits at €5,950/m² (+4.6% annually), while Benahavís has reached €5,496/m² (+7.3%). The most notable spike, however, is in Estepona, which has seen a staggering 17.0% year-on-year increase, driven heavily by luxury new-build developments on the New Golden Mile.

[Real estate analysts](https://link2property.com/) emphasize that this is not a market correction, but a stabilization. The stabilization of month-on-month growth (now compressing into a narrow +0.4% to +0.9% band) is welcome news for both buyers tired of aggressive bidding wars and sellers looking for a predictable, healthy market to list their properties.

---

## Market Data • Q3 2026

# Costa del Sol Property Prices

Málaga Province Average

  €4,272/m²    New All-Time High

Peak Annual Growth

(September 2025)

 14.0%

Current Annual Growth

(Today)

 7.6%

### Premium Enclaves Breakdown

#### Marbella

 €5,950/m² +4.6% YoY

#### Benahavís

 €5,496/m² +7.3% YoY    Top Growth Spike

#### Estepona

 +17.0% Driven by luxury new-builds on the New Golden Mile

#### Market Stabilization Phase

Month-on-month growth is compressing into a narrow +0.4% to +0.9% band. Analysts confirm this is not a correction, but welcome news creating a predictable, healthy market free of aggressive bidding wars.