Keith from Target Property Spain shares his latest quarterly insight into the Mijas Costa property market, offering a clear breakdown of what’s happening on the ground and what buyers, sellers, and investors should expect in 2026.
The year began slower than anticipated, with severe storms disrupting travel plans and forcing many property viewings to be cancelled. For a short period, activity across the Costa del Sol effectively paused. However, with normal weather conditions returning, the market has regained momentum and is now moving forward at a steady pace.
Across Spain, property prices continue to show year-on-year growth, and Mijas Costa remains no exception. That said, price increases are now more controlled compared to the rapid rises seen in previous years. The biggest challenge continues to be lack of supply, particularly when it comes to high-quality, renovated properties with sea views. These homes remain in high demand and are often sold quickly once listed.
Encouragingly for buyers, there has been a noticeable shift in seller behaviour. Some vendors who priced too aggressively in late 2025 are beginning to adjust expectations, becoming more open to negotiation. This has created a short-term window of opportunity for well-prepared buyers to secure a good deal before the summer season increases competition.
Buyer demographics in 2026 remain diverse. British and Irish buyers continue to play a significant role, while demand from Dutch and German buyers has surged. Polish investors are also becoming increasingly influential, particularly in the investment segment. Meanwhile, Scandinavian buyers are still active but facing challenges due to currency fluctuations against the euro.
A key distinction highlighted in this update is the difference between holiday home buyers and relocation buyers. While second-home buyers tend to be more cautious and influenced by global events, those relocating permanently to Spain remain highly motivated. Their decisions are driven by lifestyle factors such as schools, work opportunities, and long-term quality of life, making them a strong and consistent force in the market.
For investors, 2026 introduces important regulatory changes. The introduction of the NRA number, a mandatory registration for holiday rentals, alongside increasing restrictions from community associations, is reshaping the investment landscape. Not all urbanisations now permit short-term rentals, meaning due diligence is more important than ever. As a result, properties that already have the correct licenses and approvals are becoming more valuable due to the certainty they offer.
Mortgage trends are also evolving. With ongoing global uncertainty and inflation pressures, there is growing speculation that interest rates may remain higher for longer. Spanish banks are increasingly promoting variable-rate products, reflecting this uncertainty, although rates remain competitive from a historical perspective.
Overall, the market in Mijas Costa is showing signs of maturity and balance, with buyers becoming more strategic and better informed. Early engagement with brokers, lawyers, and advisors is now a common approach, helping buyers make smarter and more confident decisions.
For those considering a purchase in the area, explore the latest listings and opportunities here:
👉 Mijas Costa Property for Sale