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Sun, Sea and Spanish Dreams: Potential investment in Benalmadena properties

Nathalie Sigurdsson

2024/05/30

Nestled along the glittering Costa del Sol, Benalmadena is more than a postcard-perfect seaside town—it’s a golden opportunity for smart investors and dreamy expatriates alike. From retirees craving sunshine to digital nomads pursuing coastal charm, the town has become a top real estate hotspot. Whether you’re searching for a luxurious villa or a cozy seafront apartment, gr8realestate offer a blend of lifestyle and investment potential that’s hard to match.

Let’s dive into what makes this Andalusian gem shine, and why buying property in Benalmadena could be your best decision this year.

Benalmadena properties

Why Choose Benalmadena? A Coastal Town That Has It All

Benalmadena sits strategically between Málaga and Torremolinos, combining Mediterranean serenity with urban convenience. It’s divided into three key zones: Benalmadena Pueblo (the historic village), Arroyo de la Miel (a lively commercial area), and Benalmadena Costa (the beachfront stretch).

Comparison Table: Benalmadena vs Nearby Cities

FeatureBenalmadenaMarbellaFuengirola
Average Property Price€2,400/m²€3,800/m²€2,100/m²
Proximity to Airport15 mins35 mins25 mins
Expat Community PresenceHighVery HighModerate
Public Transport AccessExcellent (train + bus)GoodExcellent
LifestylePeaceful yet vibrantLuxury-focusedFamily-friendly

While Marbella is known for luxury and exclusivity, Benalmadena offers excellent value without compromising on lifestyle or amenities. And if you’re curious about your options along the coast, check out how to rent house in Marbella for comparison.

Benalmadena Properties: A Rich Real Estate Market for All Tastes

From modern penthouses with panoramic sea views to traditional townhouses nestled in whitewashed alleys, Benalmadena properties cater to a wide range of preferences and budgets.

🏡 Property Types in Benalmadena:

  • Apartments: Ideal for tourists, remote workers, and retirees.
  • Townhouses: Blend of modern comfort and authentic Andalusian charm.
  • Luxury Villas: High-end properties with pools, gardens, and sea views.
  • Off-Plan Investments: Attractive pricing with high appreciation potential.

A friend of mine, a German entrepreneur, recently decided to buy villa in Marbella but changed direction after visiting Benalmadena. He found a luxurious 4-bedroom villa at a significantly lower cost—plus the sea view and golf course were a bonus.

If you’re also planning to sell apartment in Marbella and reinvest elsewhere, Benalmadena might just be your next destination.

Climate and Lifestyle: Living the Sunny Dream All Year Round

One of Benalmadena’s biggest selling points is its incredible Mediterranean climate. The town boasts:

300+ days of sunshine per year
Mild winters (average 17°C) and warm summers (up to 32°C)
Cooling sea breezes that make even the hottest months pleasant

Imagine sipping your morning coffee on your balcony, watching the sunrise over the Mediterranean, or taking a stroll along the beach in January—it’s not a dream; it’s Benalmadena life.

As an expat myself, I moved to Benalmadena in 2022. I used to live in northern France, where the grey skies were never-ending. Since relocating, I’ve experienced better sleep, increased outdoor activity, and a stronger social life—all thanks to the sunny and safe environment here.

Top Reasons to Invest in Benalmadena Properties

Here are six compelling reasons why Benalmadena continues to attract international property buyers:

 1. Strategic Location

Just 20 minutes from Málaga International Airport, Benalmadena is perfect for those who value easy travel. With a reliable train system, you can reach the city of Málaga or Fuengirola in under 30 minutes.

 2. Cultural Diversity

Home to residents from over 100 countries, Benalmadena is a melting pot of cultures. Whether you’re enjoying British-style pubs, Moroccan cuisine, or Spanish tapas, there’s always something new to discover.

3. Property Price Flexibility

Unlike the luxury-overloaded market of Marbella, Benalmadena allows for greater entry-level affordability. Prices start as low as €130,000 for a one-bedroom apartment.

4. Growing Real Estate Market

According to Idealista.com, property values in Benalmadena have increased by over 25% since 2015—proof of long-term investment potential. Source: Idealista Property Insights

5. Quality of Life

With international schools, modern hospitals, and numerous recreational facilities, the town offers an exceptional quality of life for families, retirees, and remote workers alike.

6. Scenic Beauty

Perched between the Malaga mountains and the Mediterranean, the town’s natural beauty is stunning. Many properties offer sea and mountain views in one!

Best Neighborhoods to Buy in Benalmadena

One of the key strengths of Benalmadena properties is the variety across its neighborhoods. Whether you’re a retiree, family, or investor, there’s an ideal spot for you.

Benalmadena Pueblo

This is the town’s historical heart—charming, tranquil, and perfect for those who want an authentic Andalusian lifestyle. Narrow cobbled streets, whitewashed houses, and beautiful viewpoints over the coast make this a favourite for retirees and romantics.

Ideal for: Long-term living, expats seeking quiet and tradition.
Property type: Traditional homes, townhouses, some new builds.

Arroyo de la Miel

A bustling commercial and residential hub, Arroyo de la Miel is popular with both locals and foreign buyers. It has excellent transport links, schools, shops, and is close to major attractions like Tivoli World and Selwo Marina.

Ideal for: Families and young professionals.
Property type: Apartments, duplexes, townhouses.

Benalmadena Costa

This is where you’ll find the stunning beaches, the iconic marina, and beachfront promenades. Property here can be more expensive, but it offers high short-term rental yields and panoramic sea views.

Ideal for: Holiday rentals, investors, beach lovers.
Property type: Luxury apartments, penthouses, villas.

Rental Potential and Investment Returns

For those looking at Benalmadena properties as a pure investment, the buy-to-let market is flourishing.

Rental Yield Snapshot:

  • Long-term rentals: Average 4–5% annually
  • Holiday rentals (Airbnb/Booking.com): Potentially 7–10% annually during peak months

Thanks to consistent tourism and a growing expat population, occupancy rates are high throughout the year. According to Spain’s National Statistics Institute (INE), over 1.6 million tourists visited the Costa del Sol in 2023—and Benalmadena was among the top-visited towns.

Lifestyle & Amenities: What Makes Daily Life Amazing

Beyond the climate and scenery, Benalmadena is packed with modern comforts and engaging experiences. Whether you’re here full-time or part-time, there’s plenty to explore.

Education

Benalmadena hosts several reputable schools including international options such as:

  • The British College of Benalmadena
  • Benalmadena International College

These attract international families and boost long-term rental demand.

Healthcare

Spain’s healthcare system ranks as one of the best in Europe. Benalmadena offers:

  • Public Health Centers (e.g., Arroyo de la Miel Hospital)
  • Private Clinics (like Xanit International Hospital) Most expats are surprised by the high standard of care and shorter wait times compared to many other countries.

Leisure & Recreation

  • Golf: Torrequebrada Golf is one of the top-rated in the region.
  • Marina Life: Water sports, yacht rentals, and beach clubs await at Puerto Marina.
  • Nature: The Butterfly Park, cable cars to Mount Calamorro, and coastal hiking trails provide stunning outdoor escapes.

Dining & Shopping

From Michelin-starred seafood restaurants to cozy tapas bars, Benalmadena offers a vibrant gastronomic scene. The town also features open-air markets, boutique shops, and several modern shopping centres.

How to Buy Property in Benalmadena: Step-by-Step

Buying Benalmadena properties can be smooth and rewarding if you follow the right steps:

 Step 1: Define Your Needs

  • Lifestyle: Beachfront, hillside, or urban?
  • Property type: Villa, apartment, townhouse?
  • Budget: Have you accounted for taxes and closing fees?

Step 2: Partner With a Reliable Agency

Choose a local agency like gr8realestate that understands the market, speaks your language, and can guide you through the entire process.

 Step 3: Visit and Compare

Don’t buy blind. Visit different neighborhoods, tour properties, and get a feel for the community.

Step 4: Legal Checks

Verify land registry details, property debts, and permits. At Gr8 Real Estate, we ensure all properties are 100% verified before proceeding.

 Step 5: Finalize and Move In!

Once paperwork is done, you’ll sign the contract, pay a deposit, and celebrate your new life in sunny Spain!

 Visa Options for Property Buyers in Benalmadena

Spain offers two appealing visa programs for non-EU property investors:

 Golden Visa Program

  • Minimum investment: €500,000
  • Benefits: 1-year residency, renewable for up to 5 years
  • Allows working and traveling within Schengen Area

 Non-Lucrative Visa

  • For individuals with passive income
  • Ideal for retirees or remote workers
  • Owning a home strengthens your application

For more details, consult Spain’s Ministry of Interior or a legal adviser specializing in expat residency.

Limitations and Things to Keep in Mind

While Benalmadena is a fantastic location for property investment, it’s important to stay realistic and informed:

  • Seasonal Tourism: If you’re relying on short-term rentals, income may fluctuate outside the summer months.
  • Property Management: Non-residents should hire reliable property managers to oversee rentals and maintenance.
  • Legal Complexity: Spain’s property laws require a NIE (foreigner ID number), due diligence, and notary fees. Always hire a bilingual real estate lawyer.

Tip: Working with a local agency like gr8realestate ensures transparency, avoids language barriers, and minimizes legal hiccups.

Frequently Asked Questions

Q: Is Benalmadena more affordable than Marbella?
Yes. Property prices are generally 20-30% lower, with similar lifestyle benefits.

Q: Can foreigners get a mortgage in Spain?
Yes, though conditions vary. Non-residents can typically borrow up to 60-70% of the property value.

Q: Are there off-plan property opportunities in Benalmadena?
Absolutely. Many developers offer flexible payment plans and attractive pre-construction prices.

Q: How long does the property buying process in Spain take?
Typically 2–3 months, depending on paperwork, due diligence, and mortgage approval.

Q: Are Benalmadena properties suitable for remote workers?
Absolutely. High-speed internet is widely available, coworking spaces are growing, and the lifestyle is perfect for work-life balance.

Q: Can I buy Benalmadena property under a company name?
Yes, though it involves additional tax implications and should be discussed with a Spanish solicitor.

Q: What are the annual property taxes?
Expect to pay IBI (property tax), basura (waste collection), and possibly community fees. Combined, they usually range between €500–€1,500 annually.

Final Thoughts: Why Benalmadena Properties Are Worth It

Benalmadena is not just a place—it’s a lifestyle investment. It’s where sunshine, safety, and cultural richness come together with smart property prices. Whether you’re buying your first home in Spain, retiring under the sun, or seeking long-term investment opportunities, this city has it all.

 

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