New houses and developments in Mijas

New developments in Mijas

With 89,000 inhabitants, according to the National Institute of Statistics (INE), Mijas is the third most populous municipality in the province of Malaga. It is located between Fuengirola and Benalmadena, just 34 kilometers from the capital and the international airport.

Currently, there are more than 20 new housing developments either completed or under construction, providing a very high number of options, even surpassing the total number of new construction homes available in cities such as Murcia, Pamplona, or Valladolid. According to the latest market data published by the Ministry of Transport, Mobility, and Urban Agenda, the value of its square meter rose by 6.14% in the last year, currently standing at just over €2,350/m².

The average prices per square metre in its 5 most important districts are:

1. Pueblo, over 2.500 €/m².
2. Costa- La Cala, around 2.500 €/m².
3. El Coto-Campo, just over 2.000 €/m².
4. Las Lagunas, around 2.000 €/m².
5. Mijas Golf, above 2.350 €/m².

Where is the largest volume of recently built properties located in Mijas?

Currently, the neighbourhoods that have a higher number of properties of this type in the locality are:

Las Lagunas. Its privileged location, near the beach and with a wide offer of restaurants, leisure, and health and education services, makes more than half of its residents inhabit this area. The newly built homes located in this district are housed within huge residential complexes with swimming pools, outdoor sports facilities, and children's areas, among others. These are apartments and flats focused on the summer season.

Cala de Mijas. It encompasses a very extensive area from the interior, where the most well-known golf courses in the area are located, to the beaches. The properties located in this neighborhood have a higher purchasing power than the rest.

What influences the price of new-build homes in the city of Mijas?

In general, supply and demand are the determining factors in setting the price of new developments. But, above all, what most affects the real estate market in Mijas is foreign investment. The high purchasing power of English and German buyers, who are the main owners of new-build properties in the area, causes the value of these properties to increase year after year. Additionally, political, economic, and social movements, not only in Spain but throughout Europe, and the tourism rate of the area also affect the market.

Regarding the properties themselves, the main indicators of the market price are the private common areas, orientation, location, and materials and finishes used in construction.

What is the situation of new construction developments in the real estate market in Mijas town?

It is one of the most strategic and active municipalities in the real estate sector in Malaga. In 2021, according to the Architects' Association of the province, a total of 550 new construction projects were approved. A total of 1,200 properties that position it as the third municipality that builds the most in the entire province, only behind the capital, Malaga, and Fuengirola.

According to data collected by the Ministry of Transport, Mobility and Urban Agenda, in 2019, total transactions of new homes were 330, 406 in 2020, 460 in 2021, and 608 in 2022.

It is a locality where successive crises and incipient inflation are not affecting it, thanks to international investment. And it is vital for the economy of the entire region. A true reflection of this situation is the price per square meter, which instead of decreasing, has not stopped growing in recent years. According to the Ministry of Transport, Mobility and Urban Agenda, in 2019 the price was €2,032/m², €2,100/m² in 2020, €2,203/m² in 2021, and up to €2,383/m² in 2022.

What is the importance of buying new-build flats versus second-hand houses in Mijas town?

The attention from the developer or builder, the ability to customize and personalize the property, the quality, location, and common areas are all important factors that make new properties superior to second-hand ones, in general, and in this municipality in particular.

Old apartments and flats tend to be small, located in remote areas, and have much lower quality. Most complexes built more than two or three decades ago do not have a garage or storage room.

The biggest difference between the two can be found in the common services. It's possible to find apartments near golf courses, with a special pool for children, sports areas, and spas. Likewise, there are villas with a private pool, terrace, and solarium just 10 minutes from the coast. For second-hand properties to offer something that new properties already have, they would require partial or total renovations.

Where to buy new development in Mijas town?

Currently, among the 23 available new construction developments, there is a predominance of apartments and penthouses with sea views, ground floor units with gardens, and townhouses. They are mainly concentrated in Las Lagunas, Las Calas de Mijas, and Chaparral.

In Las Lagunas, there are huge complexes located very close to the main tourist attractions of the town, aimed at families and offering many amenities and services, such as a swimming pool, sauna, gym, storage room, and garage. One-bedroom apartments with 52 square meters can be purchased for €121,000, two-bedroom apartments with 64 square meters for €138,000, and up to 148 square meter apartments for €421,000.

The new homes in Las Calas de Mijas are located inland with views of the golf courses. They have avant-garde designs, modern styles, and superior quality compared to other options, with higher prices. A 97-square-meter penthouse with two bedrooms costs €468,000, and apartments range from €200,000 to €300,000 for two bedrooms and less than 100 square meters.

In El Chaparral, there are the only detached houses in the whole town. They are located close to the coast, but around the 4th or 5th line from the beach, away from the hustle and bustle of the boardwalk. They have a private pool, garage, garden, storage room, three bedrooms, and 152 square meters for €465,000.