A report from Idealista positions Málaga as the third Spanish province with the highest foreign interest in buying housing, at 27.1% of the total. Cómpeta, Frigiliana, and Nerja stand out among the twenty municipalities in the country with the most foreign demand.
The real estate portal Idealista published a study on Friday that analyses the weight of foreign housing demand in Spain. In the province of Málaga, foreigners represent 27.1% of all interested parties in buying a house, making it the third province in the country with the greatest international attraction, only behind Alicante and Baleares.
Ahead of Málaga are Alicante, where nearly one in three applicants is foreign, and Baleares, with 28.2%. In fourth place is Santa Cruz de Tenerife with 26.5%. The report details that, in addition to these four provinces, there are another ten, all coastal, where foreign interest exceeds 10%.
The study also delves into municipal details. In Málaga, the locality with the highest proportion of foreign demand is Cómpeta, with 61.3%, with British, Dutch, and German nationals being the most interested. Only three locations in Baleares exceed this percentage across Spain: Canyamel (67.2%), Cala d'Or (67.1%), and Cala Ratjada (63.3%).
In second place in the province is Frigiliana, with 57.1% of foreign demand, also led by British, Dutch, and Swedish nationals. At the national level, it is the sixth town with the most foreign interest, behind the aforementioned and Oria in Almería. Following it is Nerja, where 56.1% of those interested in buying housing are foreigners, with Sweden, the United Kingdom, and the Netherlands as the main origins.
These three Málaga localities rank among the twenty in Spain with the highest foreign demand. In Andalucía, Iznájar in Córdoba also appears, with 43.9%. The rest of the municipalities in the ranking belong to provinces such as Santa Cruz de Tenerife, Las Palmas, Girona, and Murcia.
The report includes a specific chapter for provincial capitals. The city of Málaga again ranks third, with 14.85% of foreign demand. Idealista highlights a novelty: the United States has become the leading sending market, surpassing British and Dutch nationals.
“The city is consolidating as a preferred destination for high purchasing power American buyers,” the report states.
Ahead of the Málaga capital are Alicante, which tops the ranking with 21.8%, and Palma, with 18.5%. In Alicante, the buyer profile is diverse, with French, German, and British nationals sharing the podium. In Palma, Germans account for 44% of all foreign demand, an unmatched dominance among major capitals.
Foreign demand in Málaga capital exceeds that of Valencia (13.6%), Barcelona (12.1%), Girona (11.8%), and Tarragona (11.1%). In Cádiz, 10.9% of those interested in buying housing are foreigners, and the prominence of American buyers is also growing. Below 10% are Santa Cruz de Tenerife (9.8%) and Las Palmas de Gran Canaria (8.8%), where Germany leads the demand.
For those interested in acquiring a home in the province, this data reflects the high competition that exists in municipalities such as Cómpeta, Frigiliana, or Nerja. The presence of foreign buyers may influence prices, so those looking for a house in these areas should be attentive to market developments.
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