We Analyzed 180 Properties in Nerja – Here’s What You Need to Know

Navigating the Nerja property market? We've just analyzed 180 properties from the region’s top real estate agencies. Here’s what we discovered about pricing trends, the best-value areas, and what this means for buyers and sellers in Q1 2025.

Full analysis of Nerja’s real estate market – trends, pricing & insights for 2025.

The Numbers at a Glance

The Nerja real estate market remains strong and dynamic, with property values continuing to reflect the high demand for homes in this coastal paradise. After analyzing 180 listings, we found:

• Average Property Price: €524.271

• Median Property Price: €422.500

• Average Price per m²: €4.454/m²

• Median Price per m²: €4.107/m²

• Most Expensive Property: €2.500.000

• Least Expensive Property: €142.000

But numbers alone don’t tell the full story. Several key factors—condition, micro-location, and orientation—play a massive role in determining price. A south-facing, well-maintained home in a desirable urbanization will always command a premium over a poorly located or neglected property. This is where our expertise makes all the difference.

Average Price Per M² By Area (€) & Why It Matters

Location matters. Some areas in Nerja continue to attract higher-than-average property prices per m², while others offer greater value for money. Here’s how different neighborhoods compare:

• Calaceite – €6.333/m² (New developments mainly)

• Burriana – €5.787/m²

• Parador area – €5.540/m²

• Torrecilla – €5.322/m²

• Nerja Norte – €5.007/m²

One example that stands out is Urbanization Almijara III, which has been gaining popularity. It’s one of the few places where you can still find 3-4 bedroom houses under €400.000. The presence of Hygge House Co-Working and the highly rated Karma Restaurant, often described as a hidden gem, adds to its appeal. Additionally, after a two-year process, the urbanization has finally secured the license to renovate its swimming pool area, further increasing property values in the near future.

Now, here’s the interesting part:

Over the last few months, the cheapest property in Almijara III was €280.000, while the most expensive was €450.000. Same urbanization. Similar houses. That’s a €170.000 difference!

How much does property cost per m² in different Nerja areas? Here’s a breakdown.

How Property Condition Can Impact Price by €150,000 or more?

Take the two properties in Almijara III as an example:

1. The €280.000 listing was in terrible shape—outdated interiors, significant wear and tear. But with a €50.000 renovation, the new owner would have had a completely modernized home. After factoring in approximately 10% in additional purchasing costs (€28.000), the total investment would be €358.000. The kicker? After renovation, it could easily sell for €390.000+, leaving a potential €32.000+ profit after all expenses.

   
   

2. The €450.000 listing was renovated with high-quality materials, modern design, and stunning terrace views. While the home was move-in ready, we estimated it to be €30.000–€40.000 overpriced. However, with our negotiation expertise, we would have aimed to bring it closer to a fair market value.

This is exactly why our clients love us. We ensure they save money, avoid costly mistakes, and get the best possible deal. If you’re about to invest €400.000+ in a home, wouldn’t it make sense to do it wisely?

Property prices per m² vary by type—see the differences between different types of properties.

Not All Agencies Price the Same – Here’s What We Found

While property prices in Nerja can vary significantly, one interesting observation is that some agencies may list similar properties at different price points. This often reflects their target clientele, as certain agencies cater primarily to Scandinavian buyers, while others focus on British or Spanish markets, where price expectations can differ. These variations don’t necessarily mean a property is worth more or less, but rather that different buyer segments perceive value differently.

• Skandia Mäklarna – €5.498/m²

• Casa Select – €4.997/m²

• Nerja Property Center (Juan Garrido) – €4.735/m²

Key Takeaways:

• Agencies catering to premium buyers often list properties at a higher price per m².

• Some agencies offer a broader selection, covering both high-end and mid-range properties.

• Since different agencies serve different buyer demographics, exploring multiple agencies can help buyers access the full range of available listings.

Not all agencies price the same! Here’s how real estate agencies compare in Nerja.

What This Means for Buyers & Sellers

For Buyers:

• If you’re looking for investment properties, focus on apartments in Burriana where short-term rentals are in high demand.

• If you prioritize space and long-term value, consider villas in inland neighborhoods where price per m² is lower.

• Work with multiple agencies (or better yet, let us do it for you!) to ensure you don’t miss out on key listings.

For Sellers:

• If you own a property in high-demand areas, now is a great time to sell at a premium.

• Presentation matters! Well-staged homes in Burriana and Parador can achieve record prices.

• Consider professional negotiation strategies—the right pricing and agency selection can help you close the deal faster and with a good price.

Final Thoughts: How To Navigate the Market Like a Pro

The Nerja real estate market is full of opportunities, but finding the right property at the right price requires insight and strategy. Whether you’re buying or selling, NerjaWithSanna.com is here to make the process seamless. Our Property Shopping Service ensures you see every available property, compare options objectively, and negotiate the best deal.

Want expert help with buying or selling in Nerja? Contact us today!

Investing in Nerja real estate? Get the best deal with expert insights & analysis.