Journal · Buying
What €500,000, €1 Million or €2 Million Buys in Marbella (2026)
Short answer
In October 2026, €500,000 bought a typical two-bedroom home in Estepona or Mijas, but only a one-bedroom or a small two-bedroom in Marbella. €1 million bought a typical three-bedroom home in Marbella or Benahavís and a four-bedroom in Mijas. €2 million bought a typical four-bedroom home in Marbella or Benahavís, or five bedrooms or more in Estepona. In square metres, €1 million buys about 125 m² on the Golden Mile and more than 210 m² in Estepona town.
The figures come from our monthly market report, which analyses the asking prices of the homes for sale in our listings database. Here is how far each budget goes, area by area.
01 ·How many square metres each budget buys
| Area | € per m² | €500,000 | €1 million | €2 million |
|---|---|---|---|---|
| Golden Mile | €8,016 | ≈ 62 m² | ≈ 125 m² | ≈ 250 m² |
| Puerto Banús | €7,606 | ≈ 66 m² | ≈ 131 m² | ≈ 263 m² |
| New Golden Mile (Estepona) | €6,437 | ≈ 78 m² | ≈ 155 m² | ≈ 311 m² |
| La Quinta (Benahavís) | €6,383 | ≈ 78 m² | ≈ 157 m² | ≈ 313 m² |
| Nueva Andalucía | €5,984 | ≈ 84 m² | ≈ 167 m² | ≈ 334 m² |
| Marbella town | €5,865 | ≈ 85 m² | ≈ 171 m² | ≈ 341 m² |
| Elviria | €5,598 | ≈ 89 m² | ≈ 179 m² | ≈ 357 m² |
| Benahavís (village and surroundings) | €5,337 | ≈ 94 m² | ≈ 187 m² | ≈ 375 m² |
| San Pedro de Alcántara | €5,256 | ≈ 95 m² | ≈ 190 m² | ≈ 381 m² |
| La Cala de Mijas | €5,117 | ≈ 98 m² | ≈ 195 m² | ≈ 391 m² |
| Estepona town | €4,742 | ≈ 105 m² | ≈ 211 m² | ≈ 422 m² |
| Calahonda | €4,500 | ≈ 111 m² | ≈ 222 m² | ≈ 444 m² |
| Riviera del Sol | €4,097 | ≈ 122 m² | ≈ 244 m² | ≈ 488 m² |
Budget divided by the median asking price per m² built, October 2026. A rough guide: views, condition, the plot and the development change the price of each home.
02 ·What €500,000 buys
About a third of the homes for sale on the coast ask less than €500,000 (32% in our data). In Estepona the median two-bedroom home asks €489,500 for 99 m², and in Mijas €375,000 for 89 m², so this budget buys a two-bedroom apartment with room to spare. In Marbella the median one-bedroom asks €387,500 and the median two-bedroom €595,000, so €500,000 buys a smaller two-bedroom or a home in a less central area. In Benahavís, Los Arqueros is the most affordable area in our data, at a median of €567,500.
03 ·What €1 million buys
A third of the homes for sale ask €1 million or more. At this level the choice of area changes the home completely. In Marbella the median three-bedroom asks €892,500 for 151 m², a typical apartment or townhouse in Nueva Andalucía or Marbella town. In Benahavís the median three-bedroom asks €780,000 for 150 m². In Estepona €1 million is close to the median four-bedroom home (€1,120,000 for 218 m²), and in Mijas it is above it (€944,500 for 239 m²), which there usually means a house or villa.
04 ·What €2 million buys
About one home in six asks €2 million or more (16%). In Marbella the median four-bedroom asks €1,785,000 for 254 m²; Benahavís is almost the same, €1,795,000 for 306 m². In Estepona €2 million reaches the median home with five bedrooms or more (€1,950,000 for 418 m²), almost always a house or villa. On the Golden Mile the same budget buys about 250 m², close to the area’s median home (€1,960,000).
05 ·How the market splits by price
| Asking price | Share of homes for sale |
|---|---|
| Under €300,000 | 7% |
| €300,000 to €500,000 | 25% |
| €500,000 to €1 million | 35% |
| €1 million to €2 million | 17% |
| €2 million to €5 million | 12% |
| €5 million and over | 4% |
6,726 homes for sale on the Costa del Sol in our listings database, October 2026.
06 ·Making a budget go further
- Move one area along. San Pedro de Alcántara asks about 12% less per m² than Nueva Andalucía, and Estepona town about 26% less than the New Golden Mile.
- Count the buying costs. On a resale home in Andalucía, budget roughly 10–13% on top of the price for taxes and fees. Our buying guide explains each one.
- Look beyond the portals. Some of the best homes in each band are sold without being advertised.
07 ·Questions buyers ask
Can you buy in Marbella for €500,000?
Yes, mainly one- and two-bedroom apartments. The median one-bedroom home in Marbella asks €387,500 and the median two-bedroom €595,000, so a €500,000 budget sits between the two.
What does €1 million buy in Marbella?
About 125 m² on the Golden Mile, 167 m² in Nueva Andalucía and 171 m² in Marbella town, based on the median asking price per m² in October 2026. The median three-bedroom home in Marbella asks €892,500.
Are these sale prices?
No. They are medians of asking prices. Well-priced homes sell close to them; overpriced homes stay on the market and are reduced later.
Tell us your budget and how you want to live and we will shortlist the homes that fit it, including those that are not advertised. If you are still choosing between the two main towns, read Estepona or Marbella?
Source: Airus Homes market report, October 2026 (homes for sale in our listings database, Resales Online network). Medians of asking prices; price per m² on built area. Asking prices, not sale prices.
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