Mathew Wood, our resident real estate expert from Hola Properties – headquartered in Lanjarón – divulges the latest statistics for the region.
The property market in Granada and the Costa Tropical is always evolving, and this month’s update brings valuable insights for homeowners and buyers. With headlines suggesting an 11% year-on-year price increase across Andalusia, it’s important to look at the real numbers behind the data.
Let’s break it down by area and see what’s actually happening.
Salobreña: A strong market for the right properties
- 302 properties for sale in February 2025 (compared to 455 in August 2024).
- Average asking price: €275,000 (€1,925/m²).
- Prices have increased from €265,000 (€1,719/m²) last year.
This rise shows that demand is strong, particularly for well-located apartments near the beach. However, not all properties are benefiting – traditional rural homes are moving much slower.
Vélez de Benaudalla: A market in transition
- 64 properties for sale (down from 72 in July 2024).
- Average asking price: €175,000 (up from €164,000 last year).
- However, price per m² has dropped from €1,314 to €1,123.
What does this mean? While headline prices are rising, larger properties are hitting the market, reducing the price per m². This is why averages can be misleading!
Lecrín Valley: Demand for move-in ready homes
- 170 homes for sale in February 2025 (down from 202 last year).
- Average price: €192,000 (€1,054/m²).
The market here has shifted. Buyers now prefer renovated homes over renovation projects. This is because of rising construction costs and the complexities of finding builders. If you’re selling, ensuring your home is move-in ready could mean a faster sale.
Órgiva: Steady growth and high demand for apartments
- 68 properties for sale (compared to 66 last year).
- Average asking price: €235,000 (€1,159/m²).
Prices have increased slightly and demand for apartments is significantly up, while houses in harder-to-access areas are seeing less interest.
Lanjarón: larger properties being listed
- 68 properties currently on the market (up from 61 last year).
- Price per m²: €848 (same as last year).
- Average house price: €133,000 (up from €108,000 last year).
This increase in average house prices is because of larger properties being listed, rather than a general rise in values. Again, it’s crucial to look beyond the averages!
Key takeaways for sellers and buyers
- Not all properties are increasing in value – location, accessibility, and condition matter.
- Move-in ready homes are in higher demand because of renovation costs.
- Apartments in town centres are performing well, while some rural properties are taking longer to sell.
- Granada and the Costa Tropical remain attractive for buyers, with sustainable growth.,rather than a speculative bubble.
