Investments for those who want to buy a home to rent out
New Development Costa del Sol overview of the top picks of new homes Costa Del Sol
In this article we present the most attractive projects with newly built apartments and houses on Costa del Sol in 2026; from Nerja (but we also include Almuñécar/La Herradura on Costa Tropical) in the east, all the way down to Estepona in the west.
New Development is the smartest choice right now
Investing in new development is without a doubt the best buy you can make in Spain today. One of the main reasons is the limited supply of second-hand properties on the market, which has driven up their prices. At the same time, newly produced properties offer a more modern and energy efficient design that not only provides greater comfort but also greater long-term value increase .
Newly built properties offer modern solutions for insulation and maintenance.
It is also, generally speaking, better square meter prices on new development as for sale on plan compared to used .
The fees will not be higher for newly built properties compared to used homes because Spanish housing associations do not have any loans upon move-in .
With the increasing demand for housing and the limited supply of new construction, the price of newly produced properties is expected to rise significantly in the future. For investors, this means a double win: a property with better quality and design now, and a higher resale value later.
Do your research at the beginning of the year and act quickly – new projects that are priced correctly sell quickly while there is a lull in the used market.
–Algarve Coast Portugal – Portimao – close to the beach apartments with incredible views and good prices.
The most requested projects at the time of writing.
Below you will find the projects with housing in different segments and areas that for sale here and now and that are primarily recommended. Due to the crisis, it will not be possible to "pick and choose" for several years, but there are some uniquely good purchases to make in 2026 as a few players have actually managed to be active in the past year and turned the crisis to their advantage.
Isla Bela is the project in Marbella (Nueva Andalucia) which is the prime option for those looking for a luxury property in a resort -like area in 2026. Modern apartments with elegant design and spacious interiors. Located close to Puerto Banús, first-class golf courses and luxurious amenities. Prices from €710,100
Isla Bela
Benalmadena
Benalmadena is well located near Malaga airport, and is one of the few resorts that truly has "something for everyone".
This is the most interesting project at the moment:
The project is located between Benalmadena and Fuengirola Evoque in Higueron. Elevated apartments with sea view from €490,000
Prices continue to rise, although they will now increase more slowly over the course of a year. In 2022, the price of new construction rose by an average of 7.1 percent. This was the largest increase in a single year since 2007, that is, before the construction crash. The average the price per square meter rose to €2,732 the year before last, which has not yet reached the level of €2,905 that it was at when the construction crash occurred over 15 years ago.
About the new development market in 2026
Our top recommendation for 2026 – apartments on one of the last beachfront plots in Spain. Read more here.
The pandemic did not slow down the rising price trend that has been going on since 2014. The construction body APCESpaña believes that it is mainly the desire for new development that is pushing up prices. However, inflation and the impending recession in the EU will slow down the development for a few quarters. More than 600,000 newly built properties were sold in the country in 2022. In 2023 and 2024 and 2025, sales fell back (last year, new development only accounted for 10% of sales), mainly due to decreasing supply. International demand for Spain, and especially for new homes, is at record levels.
For those who do not buy what is currently on offer, depending on where you look and what you are looking for, the wait between the ear of corn and the loaf can unfortunately be very long. In the wake of the inflation crisis, etc., expect significant price increases on turnkey new development over the next few years.
The core of the poodle: Various factors, such as a worn-out housing stock that is priced too high and increased international interest in Malagaregion overall post Corona, point to new development dominating sales over the next decade.
For a short period during the inflationary crisis, there was a gap open to get hold of land that had previously not been for sale at all, or that had been priced too high to be interesting. The actors who were able to act during this unique gap are now in a winning position. The buyers who can act now, and do not have to wait a couple of years, are also in a winning position. It is important to remember that plots with the best location are the ones that for sale just when we emerge from the crisis (to stimulate sales after the crisis, the ones in the best locations are sold first). Link to all our newsletters.
We will continuously take a closer look at the projects we mainly recommend right now, as well as provide tips on individual apartments that have returned in projects that will soon be completed, as well as about projects that are in the planning stage. There are several very interesting projects underway during the year. To receive information about these even before they become public subscribe to our newsletter. Newsletter west side (Marbella, Estepona etc.). East Side Newsletter (Nerja, Torrox etc.).
The article is updated continuously: We have constant contact, and have had it throughout the Corona and inflation crisis, with investment funds, bank managers, developers and landowners as we not only sell other people's projects but also build our own.
Current situation: There is a strong increase in demand, from national but mainly international buyers, for new and fresh from both pure investors and those who want to work remotely with a high quality of life. In fact, the demand is already much stronger at this early stage than we or anyone else could have predicted. The opportunities for a really good purchase of a new home will be greater than in a long time. So will the risks.
The locationbriefly: Banks are demanding greater transparency on the projects they finance or lend to. Projects that sold not essentially 100% complete before the crisis, or that are not considered to be completely safe, will not receive financing from the banks. They [the banks] will also be very restrictive in approving new projects during a period.
However, there are a few developers with a strong financial foundation, and the concept housing cooperative is becoming increasingly common again. However, it is important to keep an eye on each individual builder's, and housing cooperative 's (the banks in the latter case go in and approve/deny each individual buyer regardless of whether they are applying for a loan or not), finances to be on the safe side. As always, when the opportunities are greatest, the risks are also the same for the unwary.
Unique opportunity to buy a new home in a really good location at a really good price
If there are few actors who have made it through the crisis with good liquidity, there are even fewer who have managed to negotiate good land prices during the short period during the crisis, mainly in connection with the “second wave”, which actually fell. Those who have been active in looking for long-inactive plot of land owners (who have now come to life after decades of inactivity) and negotiated good prices for plots in good locations in the midst of the crisis, and which also has good liquidity and established teams of architects/project managers and established banking contacts, is now facing a unique situation. If there is any train you should jump on, it is this one.
As far as it goes prices for upcoming new development construction prices and land prices will rise faster than expected in 2023 as demand is greater than supply (due to chaos with building material availability and personnel losses, etc., many projects are behind). The housing stock is starting to get worn out, and there are many problems with water damage (stronger building standards were only introduced in 2006) etc. at the same time as relatively little was built in the decade after the 2008 crisis, compared to the decade before. New construction will thus enter a golden period similar to that in the early the 2020s 2020s.
Finally, expect that The value will rise significantly during the 2020s on newly built properties, as they will be highly sought after in a market where homeowners are not lowering prices despite the wear and tear of their homes, and despite the troubled situation associated with the Corona crisis.
Note! Thanks to our wide network of contacts, we will receive advance information about the few projects on Costa del Sol that will be released in 2026, and we are also building several projects under our own management. Write to info@spanskafastigheter.se and state what type of property you are looking for, and which area (Nerja, Benalmadena, Estepona, Marbella, Torremolinos, Torrox and Malaga city etc.).
Demand is strong for new development but there has been and will be an even greater gap in production due to various global factors. However, in the medium and long term new development is clearly the best choice, whether you want to make an investment or “move to the sun” permanently.
Many international investment funds that previously considered Spain to have become too expensive too quickly to be interesting are now, after the Corona crisis completely changed the game plan and made certain destinations impossible, going in and investing in Spanish housing again. It is expected that Spain is in the winner's hole because many, including business travelers, will choose not to stay in hotels and prefer to stay in housing during their stay, while long-distance travel outside Europe will become more expensive with poor frequency of departures, which places Spain in general, and Costa del Sol in particular, in a very favorable situation in the long term. For example, interest from Americans has increased significantly as they see Malagaarea as a California without all the disasters, and with better infrastructure and quality of life - but still with significantly higher prices.
According to the Spanish banks' analyses, the prices of plots will rise from 2026. However, during the first half of the year, and probably perhaps the whole autumn and even the end of the year, the banks will be very cautious about taking on new projects due to the prevailing uncertainty in the wake of all the crises. More and more Spanish players are therefore looking, among other things, at the provenHousing Cooperative er project model. This project solution involves reduced prices of up to 25% and is considered to be legally much safer than regular promotions. Read more about housing cooperative here (as well as various projects underway on Costa Del Sol ).
Ongoing 2026 and beyond
We have several projects in the pipeline in 2026. From west to east. From single luxury house to larger projects with apartments (including really cheap apartments in a whitewashed Andalusian village that we mentioned earlier in the article), or townhouses. Our focus is on what the international customer is looking for, i.e. sustainable projects with solar energy etc. in good locations near restaurants and with good public transport connections , and with sea view . Some of these projects we have exclusive sales rights on, others we get exclusivity for 2-4 weeks. We Regardless, we always publish the projects 1-3 weeks before we make them publicin the newsletters. It will be more manageable that way.
Project underway in village near Malaga
West
Several projects are planned in the near future in, among others, Malaga city, as well as Estepona, Sotogrande and Rincon.
Get the information fastest via the newsletter for the western Costa del Sol. However, this market is a jungle and there are many variables that have to feel right for us to recommend it: Price , who is building, status of granted licenses, how long we expect it will take to sell the building, bank guarantee, etc.
East
In Nerja and the surrounding area (also Costa Tropical) we are in constant discussion directly with landowners etc. and we will get back to you immediately our newsletter when and if something new is built. According to the city plan, which is predetermined, you are not allowed to build apartments on many of the vacant plots that exist, but some smaller plots in good locations that have not previously been for sale are starting to come up. There have also been problems for a long time with getting new construction approved by the municipality. This has now been rectified. Smaller, attractive projects with apartments/townhouses will thus be built over time. We presented the first project at the beginning of 24, townhouse in Capistrano.
Housing around the new marina will quickly become highly sought after
Market situation
Costa del Sol is called “Spain’s locomotive” as the area is the first to enter a crisis and the first to exit it. Before the Corona crisis, Spain had recovered and all the figures were pointing upwards. Tourism broke record after record and no one really knew where the upper limit was. The strongest of all tourism regions was Costa del Sol. The two most interesting areas for investors were Nerja, Malaga city and Puerto Banus (Marbella) and the surrounding area. This will not change after the Corona crisis is over. These areas also coped better with the financial crisis that was triggered in 2007.
On Costa del Sol there is everything from resorts with a little less built-up area (and less extensive tourism) to areas with mass tourism and a plethora of hotels and other tourist facilities. Areas that have been dormant for several years are on the rise again and a little more undiscovered, untouched areas on the eastern Costa Del Sol are becoming increasingly popular, and especially among investors who see an opportunity to rent out private homes or smaller residential buildings as competition from the hotel industry is much weaker on the eastern side.
Regardless of what type of new development you are looking for, and in which area, east or west, there is unfortunately a common thread that runs through the entire Costa Del Sol : a lack of good land (read, elevated land, close to the sea at a reasonable price ).
Prices are expected to rise significantly in new development in the coming years, as land for sale becomes more expensive as sales begin. Is there a risk of a bubble? No one believes that a major housing bubble will hit the entire Spanish market in the foreseeable future, but perhaps we should raise warning flags for certain local bubbles. In some places, such as Estepona, Torrox and Benalmadena, there is a lot of construction going on and sales are not really keeping up (as I said, this will probably change after Corona/inflation as banks will be very cautious with projects that are not 100% sold ). It is reasonable to assume that things could shake up in some places when sales of new projects drag on and investment funds, or other credit institutions, that are behind these promotions are left out for too long with their invested money. Don't buy anything without a bank guarantee.
Also note that prices for new development rise sharply the closer they get to completion. One of the first new projects after the crisis, on the outskirts of Nerja, sold out in about three months in early 2016. A year later, six months before completion, an apartment came back on the market and sold for 13.16% more than the previous year. Upon completion, less than 2 years after construction began, they sold for 36.84 %more than the original the priceIt is therefore very worthwhile to buy “ off-plan ”. At least in attractive areas where there is little construction, such as Nerja.
As we have had exclusive sales rights to the 2 fastest selling projects in recent years, with new development on Costa del Sol we are in a very advantageous situation as several players want to work with us. We scan for land and constantly have meetings with landowners and developers. It is mainly a matter of getting price right. Right now, many landowners are demanding too high (as the figures for both sales and rentals are pointing straight up) prices too quickly. These projects will have to be put on hold until the price level in the housing market has caught up. In addition, as I said, there are very few attractive plots left. In the future, it will therefore mainly be about smaller projects (with one major exception, the release of this will take place in the spring); with a new residential building with a few apartments, or a row of newly built townhouses, in the more popular resorts. Slightly larger projects will also be launched in slightly more unknown areas (it is the only way to bring prices down). Over the next few years, we will continuously present various new development projects along the entire Costa Del Sol . Our work on mapping land and new opportunities began already during the crisis years.
Finally, about the market: Exercise extreme caution when buying a new home at the moment. It is important to keep a close eye on which developers and individual projects have fared well financially through the crisis. Also be careful with projects that are completed where much is still unsold. It may be that the community, that is, all other owners, have to finance operating costs for apartments in the building that are empty. This was something we also saw after the last crisis. There will undoubtedly be great opportunities ahead, but it is important to be smart, careful and well-read. Write to us and we will ask our brokers and lawyers to check the status of the project you are interested in.
E-mail: info@spanskafastigheter.se
Please note that it is not always possible to get loans for new development in Spain (unless a promoter steps in and finances it, in which case the interest rate is often higher). However, it is common to offer loans of up to 65-70% for new projects at a good interest rate. It is also common for a bank that lends to a particular project to have exclusivity for loans to that particular project.
Regarding the projects below, conditions may have changed dramatically in the wake of the Corona crisis. As mentioned, please write to us directly for the status of individual projects.
Newly built houses and apartments on Costa del Sol
Eastern Costa del Sol (Nerja, La Herradura, etc.):
In fact, there are so many different projects planned, large and small, in Torrox that it is difficult to keep track. The Puerto Narixa project alone is a chapter in itself, with several thousand apartments planned.
Write to us for more information. info@spanskafastigheter.se.
Detached houses, luxury villas eastern Costa Del Sol
In this segment, there is a little more to choose from, although there are few truly attractive plots left on the market.
See also:Construction of luxury house in the Penoncillo area between Nerja and Torrox Costa (There is also the possibility of just buying a piece of land in an area that has started to seethe with activity with cranes etc. in the last year. This is the area that applies to those who want to build in Nerja, but who simply cannot get hold of land at a reasonable price within the municipal boundaries).
Several of the newly produced luxury villas that have come up for sale in recent years for sale " off-market", that is, they are not publicly listed. Write to us and we will get back to you with a list of what is for sale, which is not published in public databases.
Contact us
Do you have any questions or want to book a viewing - let us know.
When it comes to newly built townhouses in Nerja the supply is also very limited. There are few plots left in the area, but we are looking at some plots with townhouses that will be launched in 2026. We will publish these townhouses in our newsletter and on the website as soon as we know more.
There are different types of larger and smaller plots for sale all along Costa del Sol. However, these are often not in a public database. Write to us and tell us where and what type of plot of land you are looking for and we, together with our corporate lawyer who has contacts throughout Andalusia, will get started and find it for you. We have experience working with both smaller and larger investment groups, and also have a team of lawyers, accountants, construction companies and architects depending on what type of project/home you are looking to build. E-mail: info@spanskafastigheter.se
Other things about new construction on Costa del Sol
It is important that everything is managed properly when it comes to off-plan projects. Many of these projects do not start construction until all are sold , which can take a long time, longer than expected. In addition, if there is carelessness in the process, it happens that the project when it is completed is not approved by the municipality, etc., the buyer ends up in limbo. We therefore only put up new development projects for sale that we feel we can trust 100%. Our brokers, and above all our corporate lawyer, have long experience of new development on Costa del Sol and our review of different projects is therefore thorough. If we feel that a project has a high uncertainty factor, we simply do not put it up for sale.
Note! Areas that are further than an hour from Malaga airport are not considered interesting from an investment perspective.
About borrowing from a Spanish bank. We work with a Swedish-speaking bank manager so the process is as smooth as possible (note that banks generally do not lend money to off-plan projects, but occasionally they make exceptions).
Commercial listing, such as B&Bs and larger hotels for sale on Costa del Sol. In this regard, it should be borne in mind that most commercial listing are not for sale in public databases. The most common working method is simply that we activate our network of lawyers who, through the "back door", find out which listing are for sale.
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