Why investing in property in Mijas and surrounding areas is a smart choice

Mijas, located on Spain's sun-drenched Costa del Sol, has become a magnet for real estate investors worldwide. This diverse region offers stunning beaches, a pleasant climate, and enticing opportunities in a growing property market. Whether you're looking for a holiday home, a rental investment, or a permanent residence, Mijas ticks all the boxes.

In this article, we explore why investing in Mijas—particularly in La Cala de Mijas, Mijas Costa, and Las Lagunas—is a savvy move, supported by data on rising property values.

1. Mijas: A diverse region with something for everyone

Mijas is composed of several distinct areas, each offering unique advantages:

• La Cala de Mijas: A vibrant coastal town with luxurious apartments and modern amenities, perfect for those seeking a beachside lifestyle with a lively social scene.

• Mijas Costa: Stretching along the coastline between La Cala and Fuengirola, this area is known for spacious villas and exciting new developments, ideal for buyers seeking luxury and excellent connectivity to urban hubs.

• Las Lagunas: A more urbanized area close to Fuengirola, featuring affordable properties with great value for money. This is a hotspot for investors eyeing rental potential or long-term living.

This diversity makes Mijas a prime destination for various buyer needs, from holiday homes to rental investments and permanent residences.

2. Rising property prices in Mijas

The property market in Mijas has seen consistent growth, with average square meter prices increasing by approximately 8% in 2023 compared to the previous year. Here’s a breakdown:

• La Cala de Mijas: Average prices range from €3,300 to €3,800 per square meter, with premium apartments and new developments at the higher end.

• Mijas Costa: Prices average between €2,800 and €3,200 per square meter, driven by high demand for villas and modern properties.

• Las Lagunas: The most affordable option, with prices between €2,200 and €2,600 per square meter. Its growing popularity among young professionals and families enhances its investment potential.

The rising prices are fueled by strong demand from international buyers and limited availability, particularly in coastal areas.

3. Why Mijas is a smart investment

Property value appreciation: The upward trend in property prices makes Mijas a promising area for investment. New developments, in particular, offer excellent potential for value growth, thanks to their modern designs and energy-efficient features.

Thriving rental market: The Costa del Sol is one of Europe’s top tourist destinations. Mijas, with its beaches and golf courses, is a hotspot for holiday rentals. Apartments in areas like La Cala de Mijas and Mijas Costa can yield up to €1,000 per week during peak season.

Affordability in Las Lagunas: For budget-conscious investors, Las Lagunas offers lower entry prices and strong potential for long-term rental or resale, thanks to its proximity to Fuengirola and growing amenities.

4. Who should consider investing in Mijas?

• Holiday home buyers: Ideal for those wanting to enjoy sunny days by the beach.

• Real estate investors: Perfect for those seeking value appreciation in high-demand areas like La Cala and Mijas Costa.

• Young families: Las Lagunas provides affordable homes close to schools, healthcare, and shopping.

5. Tips for investing in Mijas

• Choose the right location: Define your priorities—are you focused on rentals, personal use, or a mix of both?

• Explore new developments: Areas like La Cala and Mijas Costa feature modern projects with added benefits like warranties and contemporary amenities.

• Work with local experts: A knowledgeable real estate agent can help identify the best property options and guide you through the buying process.

Conclusion: Mijas offers sun, growth, and returns

With rising property values, a strong tourism-driven rental market, and diverse housing options, Mijas is an excellent choice for investors. Whether you opt for the luxury of La Cala, the versatility of Mijas Costa, or the affordability of Las Lagunas, this vibrant region offers tremendous potential.

Seize the opportunity to invest in the sunny future of the Mijas property market—and soon, you could be enjoying a glass of wine on your own terrace in the heart of the Costa del Sol! 🌞