Market analysis — Málaga
Málaga records 579,076 residents in 2022, growing 1.75% from 2015 according to INE's Padrón Continuo. Median sale price per square metre in Rendio's analysed listings sits at €4,541/m², with a pronounced asymmetry between coastal and historic-centre districts —Pacífico, La Malagueta-Monte Sancha, Centro Histórico— above €7,000/m², and inland peripheral districts —Parque Clavero, Polígonos, La Trinidad— around €2,700-3,700/m². Proximity to the tourist zone and the strong presence of holiday-rental properties shape the sale-price structure of districts closest to the waterfront.
Málaga shows the most extreme tenant-budget score in the sample: 0 out of 100. SERPAVI's average rent estimate (~€718/month in 2024) absorbs 62.3% of the per-capita disposable income INE publishes for the province (€13,847/year) —the highest ratio among the 16 cities Rendio covers. Demand scores 63 out of 100. This combination —high demand alongside a tenant-budget strain at the bottom of the ranking— has historically coincided in Spanish coastal cities with permanent-housing access tensions and with political pressure to regulate short-stay rentals.
Across 22 districts covered, net yield ranges from 0.93% in Pacífico to 2.76% in Parque Clavero. The best price-to-rent ratios are in Parque Clavero (2.76%), Polígonos - Recinto Ferial (2.25%), La Trinidad (2.11%), La Florida - Parque norte (2.11%) and El Consul - El Romeral (2.01%). Supply concentrates in Centro Histórico (20 listings) and Pacífico (16), both below 1.1% net yield, alongside a more fragmented distribution across inland districts. The 3x gap between yields in the tourist centre and yields in working-class inland districts reflects the premium the market pays for proximity to short-term rentals —a premium that pure residential-rental yield doesn't currently justify.
Rendio automatically discards listings outside the retail-investor universe: VPO-classified properties, units with active tenants or irregular occupation, «to reform» listings without an estimable refurbishment budget, and properties with insufficient surface or price data. The Catastro reference adds an extra verification when available. The dashboard lets you filter the 182 active Málaga listings by these criteria and by net yield computed per listing.