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Properties under €200,000 on the Costa del Sol

Discover affordable real estate opportunities in Malaga. Apartments, studios and flats perfect for a first home or a high-yield rental investment.

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Advantages of buying affordable properties

Lower-priced properties can be excellent investments

Lower deposit

You need less savings for the deposit and purchase costs

High returns

Smaller properties offer better rental yields

Easy to rent

Higher rental demand for small, affordable flats

First home

Ideal for young buyers or as a first property investment

Available properties

Our selection of affordable properties on the Costa del Sol

View all budget properties

Best areas to buy for under €200,000

Find out where the best opportunities are

Torremolinos

€120,000 - €180,000

The most affordable option near the airport with good beaches.

Fuengirola Centre

€150,000 - €200,000

Central apartments with all amenities within walking distance.

Benalmadena Costa

€140,000 - €190,000

Close to the marina with an excellent quality of life.

Mijas Costa

€160,000 - €200,000

Peaceful residential areas with communal pools.

Guide to buying affordable properties on the Costa del Sol

The Costa del Sol property market offers excellent opportunities for buyers with tighter budgets. For under €200,000 it is possible to purchase apartments and flats in well-connected areas, close to the beach and with all the amenities you need.

What types of properties can I find?

For under €200,000 you will mainly find 1-2 bedroom apartments, studios and flats in buildings with communal areas. Many of these properties have a communal pool, are close to the beach and located in areas well served by public transport.

Returns as an investment

Smaller, more affordable properties tend to offer proportionally higher rental yields. A €150,000 apartment can generate between €600-800 per month in long-term rental, or significantly more in holiday rental during peak season.

Purchase costs to consider

In addition to the purchase price, you should budget roughly 10-12% extra for costs: taxes (ITP 7% in Andalusia for resale properties), notary fees, land registry and administrative fees. For a €180,000 property, costs would be around €18,000-21,000.

Frequently asked questions about properties under 200,000 €

We answer the most common questions for buyers on a tighter budget

Is it possible to buy a home for under 200,000 € on the Costa del Sol?

Yes. Although increasingly scarce, there are still studios and 1-bedroom apartments under 200,000 € in areas such as Torremolinos, Fuengirola (Los Pacos), Mijas (Calahonda, Riviera del Sol), Benalmádena (Arroyo de la Miel) and Estepona. Inland villages (Coín, Alhaurín el Grande) offer larger houses in the same price range.

What kind of properties can be found for under 200,000 €?

Mainly resale studios and 1-2 bedroom apartments in non-coastal residential areas, or small penthouses and ground-floor flats. You can also find modest townhouses and village houses in the inland part of the province. New-build and beachfront properties usually exceed this budget.

Which areas of the Costa del Sol have cheaper properties?

The most affordable areas are Torremolinos (Los Álamos, El Pinillo), Fuengirola (Los Pacos), Mijas Costa (Calahonda, Riviera del Sol), Benalmádena (Arroyo de la Miel), the Estepona town area and inland municipalities such as Alhaurín de la Torre, Coín, Mijas Pueblo and Manilva. Marbella is the most expensive option and rarely offers properties in this range.

What additional costs do I have when buying a 200,000 € home?

For a 200,000 € resale home: transfer tax (ITP, 7% in Andalusia) = 14,000 €, notary (≈600-1,000 €), land registry (≈400-600 €), conveyancing agency (≈300-500 €) and, where applicable, the bank valuation (≈300-500 €). Approximate total: an additional 16,000-17,000 € (8-9% of the price).

Can I get a mortgage for a 200,000 € home as a foreigner?

Yes. Spanish banks finance between 60% and 70% of the appraised value for non-residents. For a home worth 200,000 € appraised at that same value, you could receive up to 140,000 €, having to contribute 60,000 € plus costs (≈16,000 €). Translated and apostilled financial documentation is required.

Is buying cheaply on the Costa del Sol a good investment?

Yes. Properties under 200,000 € are in high demand for long-term rentals (4-5% gross return) and for holiday lettings in tourist areas (6-8% gross). In addition, appreciation in areas undergoing urban transformation (central Torremolinos, Estepona town) can exceed the market average.

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