Property prices in Almuñecar are among the highest in Granada province, raising fresh concerns about affordability for local families and foreign residents hoping to buy a home.
Almuñecar has been identified as the most expensive town on the Costa Tropical for property purchases, with prices reaching €2,382 per square metre during the first quarter of 2026, according to figures reported by Granada Hoy. Today, the value is even higher and according to the latest September figures, the price has soared up to a whopping €3,293 per square metre.
The figure puts the coastal town ahead of Granada City, where the average stood at €2,258 per square metre. Across the Costa Tropical, the average was €1,829, while the provincial average was considerably lower at €1,467.
For anyone hoping to buy a permanent home in the area, the difference can add up quickly. An 80-square-metre property priced at €3,293 per square metre would cost around €263,440 before taxes, legal fees and other purchase costs.
Almuñecar property prices continue to climb
These figures come from an independant property-market index, so they should not be treated as a direct continuation of the first-quarter figures reported by Granada Hoy. However, they point to continued pressure on the local housing market.
Almuñecar’s appeal to international buyers, second-home owners and people seeking a Mediterranean lifestyle adds to demand for properties in the area. Its beaches, climate and established international community make it attractive to people looking for holiday homes or a permanent move to southern Spain.
What does this mean for local families?
Rising property prices can make it harder for younger residents and families on local salaries to buy in the town where they grew up. Foreign residents looking to settle permanently may also find that their budgets stretch less far than expected.
The issue is not limited to buying. Rental costs also affect people who cannot afford to purchase a property, particularly those looking for long-term accommodation rather than a holiday let. Although the figures alone do not establish what is driving prices, the gap between Almuñecar and the wider province raises questions about how accessible housing remains for people who live and work locally.
For prospective buyers, the challenge is finding a property that fits their budget in a market where advertised prices are rising. Do you think property prices in Almuñecar have become too expensive?