Last updated on June 21st, 2023
best places to airbnb in malaga
Key Takeaways
• Malaga’s booming economy, strong real estate, and solid tourist market arrivals have helped Airbnb hosts to earn a nice passive income by owning rental properties.
• Learn about the advantages that real estate investors have when investing in Malaga.
• We also reveal the 10 best areas around Malaga along with their recommended property type and Airbnb dataset.
Introduction
On the shores of the majestic Mediterranean Sea lies the beautiful Andalusian city of Malaga. The city is filled with historical sites such as the Alcazaba, Roman Theatre, Casa Natal de Picasso, and Gibralfaro Castle.
According to Airbnb, Malaga didn’t stop at catching travelers’ attention in 2022, but it also holds the top 1 position as a trending global destination for 2023 international travel! As expected of a city that offers great living conditions, the best beaches, and amazing climate conditions. For this reason, it’s also understandable that property investors want to target Malaga’s housing market.
But before starting an Airbnb business in Spain, specifically in Malaga, you may want to dive deeper and figure out which is the most profitable place for property investments – so let us lend you a hand!
In this article, we feature the best places to invest in Airbnb in Malaga and some of the expectations for rental properties in this city. Interested to learn more? Continue reading!
Advantages of buying a rental property in Malaga
Investing in Malaga real estate market is a great way of earning a rental income since it offers a good return on investment to Airbnb hosts. Malaga offers plenty of joyous experiences and the best recreational facilities. But what kind of advantages does this city offer to investors?
Check out some of the reasons why real estate investment in Malaga is a good idea:
Growing economy
The capital of Costa del Sol enjoys a booming economy that attracts both domestic and foreign capital. Thanks to this, Malaga is regarded as one of the best Spanish cities to invest in. The sectors that contribute the most to the economy are tourism, commerce, tech services, and logistics. However, other sectors are on expansion as well, allowing the city to offer a diverse labor market.
On the other hand, Malaga’s real estate market is also growing. While property prices continue to be quite high, the city is still one of the most profitable coastal cities in Spain to invest in short-term rentals.
You will love Malaga!
Malaga features a variety of sandy beaches and an engaging cultural scene! In the birthplace of Pablo Picasso, there’s an abundance of museums, galleries, and other interesting landmarks. The city offers a vibrant atmosphere with lively nightlife, top-tier restaurants, and charming neighborhoods that you can explore freely.
Moreover, it’s a given fact that Malaga is a major tourist destination in Spain! And if you ever aim to cater to tourist accommodations, you’ll find Malaga’s strong tourist market enticing. While the city stands out as a summer destination, it has continuously been building its position as a year-round attraction! Thus, you can expect a high demand for short-term rentals.
Enjoy Costa del Sol’s living conditions
It’s not an overstatement to say that Malaga is a great place to live! Living in Malaga means that you can enjoy the best weather conditions with almost 300 days of sunshine, picturesque beaches, exquisite food, and a friendly atmosphere. No wonder people who visit this city always want to stay here forever.
In addition, Malaga possesses a prime location and is accessible to other countries and Spanish cities by air, sea, and land with its own international Airport, maritime station, and AVE that can take you to almost all corners of the world!
Is Airbnb Profitable in Malaga?
Are you wondering whether your real estate investment in Malaga would be profitable or not? Airbtics assures you that investing in an Airbnb property in this city is lucrative. In fact, Malaga is one of the top leading Airbnb cities in Spain according to our previous blog!
However, you should note that the level of profitability depends on factors like the property type and location. Additionally, you should also take a look at the Airbnb regulations in Malaga so that you can run your listing without major problems.
According to Airbtics’ data, an Airbnb host can expect an average annual revenue of €38,593 and a median occupancy rate of 88% for operating a 2-bedroom property in Malaga.
Top Areas for Rental Properties Around Malaga
The picturesque city of Malaga has 11 districts, that in turn are subdivided into 297 lively neighborhoods! Hence, it’s understandable if you’re having a hard time choosing the best place to set up your Airbnb listing in Malaga.
Check out the best places to invest in Malaga and nearby cities that are highly recommended for owning a rental property:
5 Best Neighborhoods to Invest in Malaga City
1. Historic Centre
- Total Number of Airbnb Listings: 1,282
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €700,000
- Airbnb Annual revenue: €59,178
- Gross rental yield: 8.45%
2. La Malagueta
- Total Number of Airbnb Listings: 204
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €645,000
- Airbnb Annual revenue: €56,186
- Gross rental yield: 8.71%
3. Soho
- Total Number of Airbnb Listings: 207
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €490,000
- Airbnb Annual revenue: €48,528
- Gross rental yield: 9.90%
4. Carretera de Cádiz
- Total Number of Airbnb Listings: 409
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €350,000
- Airbnb Annual revenue: €34,986
- Gross rental yield: 10%
5. Perchel sur
- Total Number of Airbnb Listings: 221
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): €276,000
- Airbnb Annual revenue: €31,019
- Gross rental yield: 11.24%
5 Best Cities to Invest in Near Malaga
1. Torremolinos
- Distance from Malaga: 17 kilometers
- Total Number of Airbnb Listings: 1,565
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €249,000
- Airbnb Annual revenue: €31,085
- Gross rental yield: 12.48%
2. Benalmadena
- Distance from Malaga: 24 kilometers
- Total Number of Airbnb Listings: 2,237
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €245,000
- Airbnb Annual revenue: €28,748
- Gross rental yield: 11.73%
3. Fuengirola
- Distance from Malaga: 32 kilometers
- Total Number of Airbnb Listings: 1,455
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €420,000
- Airbnb Annual revenue: €35,467
- Gross rental yield: 8.44%
4. Mijas
- Distance from Malaga: 33 kilometers
- Total Number of Airbnb Listings: 2,359
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €360,000
- Airbnb Annual revenue: €38,379
- Gross rental yield: 10.66%
5. Marbella
- Distance from Malaga: 60 kilometers
- Total Number of Airbnb Listings: 4,134
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €345,000
- Airbnb Annual revenue: €35,906
- Gross rental yield: 10.41%
Conclusion
Malaga has a variety of property options as well as profitable areas that offer a nice cash-on-cash return to real estate investors. While Malaga’s real estate market feature promising investment opportunities, it is worth noting that you should still analyze your options thoroughly.
Now that you discovered the best places to invest in Airbnb in Malaga, jump ahead and take a look at Airbtics’ Airbnb income calculator. Think about long-term profitability and maximize your gains now!
Explore The Most Profitable Airbnb Locations in Malaga
