Average Property Prices in Nerja have reached €2,776 per square metre, making it the second most expensive destination in Costa del Sol after Marbella. However, this is still a relatively low price for foreign buyers.
Nerja offers the wonderful possibility to sunbathe on glorious Mediterranean beaches and enjoying fantastic ski slopes in the Sierra Nevada Mountains, all in the same day. Its fantastic location, year-round mild climate and outdoor lifestyle make Nerja a well-loved holiday destination in southern Spain as well as a favourite among foreigners for permanent relocation.
Nerja forms part of the area known as La Axarquía, in the province of Málaga, on the Costa del Sol, situated approximately 50 kilometres from Málaga City.
Although it is a major tourist destination, Nerja has managed to maintain its original fishing village feel with pretty white-washed buildings in the town centre.
The most popular beach is Playa de Burriana, which is well equipped with restaurants, showers and water sports options. Playa Carabeillo is a short walk from Burriana and is surrounded by lush vegetation, making it particularly picturesque. Calahonda, with its darker sand, is one of the most famous beaches in Nerja and is located next to El Balcón de Europa, one of Nerja’s major attractions. There are many other beaches, little coves and bays in and around Nerja and trying a new one every day is part of the fun of staying in this beautiful sun-drenched town.
Nerja’s undeniable beauty has inspired writers, painters and movie makers over the years and continues to seduce visitors. Cultural highlights include visiting the spectacular Nerja caves, accidentally discovered in 1959 and an incredible sight to behold.
Another must-see spot is the Balcón de Europa area that provides the most breathtaking panoramic views of the Mediterranean Sea and is a promenade that hosts many cultural activities and events organised by the local council.
Nerja’s gastronomy is another highlight as its southern location and subtropical climate adds delicious exotic ingredients such as mangos and avocados to the usual Mediterranean fare. Typical local specialities include fried fish and the delicious ice creams known as Gachas.
Average Property Prices at €2,776 per square metre, making it the 2nd most expensive destination in Costa del Sol
Year-on-year average property prices Nerja have increased by 12.3%, ending 2019 on €2,776 per square metre. Compared to 2014, when they averaged €2,208 per square metre, they have risen just over 25%, giving a Compound Annual Growth Rate (CAGR) of 4.6% since then.
Nerja is the 2nd most expensive place to buy a home in Costa del Sol, after Marbella (ABC.es).