Spain’s biggest tracked STR market — Marbella to Málaga, and the easiest licence in our coverage.
The Costa del Sol is the largest market in our Spain dataset — over 2,000 tracked listings from Marbella, Estepona and Benahavís in the west through Mijas, Fuengirola and Benalmádena to Málaga city and Nerja in the east. International demand is the broadest in Spain: British, Scandinavian, Dutch, German, Middle Eastern.
Andalusia runs the most accessible licence regime of our Spanish regions (VUT registration), which makes this the natural first market for investors who want Spanish STR exposure without licence scarcity — at the cost of more competition than the licence-capped islands.
3,250
Tracked Listings
13
Areas Covered
44%
Avg Occupancy
€377
Typical ADR
€167
RevPAR
Occupancy and ADR are observed from live Airbnb calendars across Apr 2026–Nov 2026 (3,250 tracked listings). ADR reflects asking prices; upcoming months show booking pace to date and typically rise as the month approaches.
Live Airbnb performance by area — occupancy and typical nightly rate from tracked calendars, all property sizes blended.
| Area | Listings | Occupancy | Typical ADR | Est. Monthly Revenue |
|---|---|---|---|---|
| Mijas | 862 | 54% | €291 | €4,378 |
| Marbella | 597 | 41% | €584 | €6,594 |
| Nerja | 406 | 44% | €203 | €2,849 |
| Benahavís | 327 | 42% | €596 | €7,400 |
| Estepona | 219 | 45% | €274 | €3,701 |
| Torre del Mar | 196 | 50% | €176 | €2,562 |
| Mijas Costa | 156 | 45% | €438 | €5,452 |
| Sotogrande | 153 | 38% | €321 | €3,564 |
| Málaga | 104 | 44% | €153 | €1,963 |
| Benalmádena | 73 | 47% | €357 | €4,764 |
| Fuengirola | 67 | 45% | €275 | €3,734 |
| Ronda | 50 | 36% | €116 | €1,319 |
| Torremolinos | 40 | 44% | €196 | €2,200 |
Calendar-observed occupancy per month. Upcoming months show bookings already on the calendar and fill further as dates approach.
0 bedrooms
43% occupancy
€150 per night
457 tracked
1 bedroom
46% occupancy
€156 per night
573 tracked
2 bedrooms
46% occupancy
€246 per night
1,111 tracked
3 bedrooms
43% occupancy
€400 per night
627 tracked
Licensing is the single biggest factor in Spanish STR underwriting — it determines whether projected income is achievable at all.
Registration-based and still open in most municipalities. Decree 31/2024 (February 2024) tightened habitability rules (fixed air-conditioning, minimum room sizes) and empowered town halls to cap or exclude tourist flats in saturated zones — Málaga city already applies caps and exclusion zones.
The registration is straightforward to obtain for compliant properties and can be re-registered by a new owner; municipal caps are the main constraint to check.
Costa del Sol remains the most accessible licence regime in our Spain coverage — but check the specific municipality’s saturation rules (especially Málaga city) before underwriting STR income.
Since 1 July 2025 every short-term rental in Spain must hold a national registration number (NRA) from the Registro Único (Royal Decree 1312/2024). Platforms like Airbnb must delist properties without one within 48 hours. The NRA sits on top of each region’s own licence regime — you need both.
Regulation overview only, current as of June 2026 — not legal advice. Verify with a local lawyer before purchase.
For-sale properties ranked by real Airbnb yield in Costa del Sol are coming. Join the waitlist for first access.
Andalusia’s VUT registration remains open in most municipalities — compliant properties (fixed air-conditioning, habitability standards under Decree 31/2024) can register. Málaga city is the exception, with caps and exclusion zones in saturated districts.
Marbella runs the highest ADRs in the region (our 2-bed data shows roughly double the coast average) on a luxury, golf and beach-club demand profile; Málaga city offers year-round urban demand but tighter municipal rules. Mijas and Fuengirola sit between on price with strong volume.
Summer-peaked but with real shoulder demand — golf (autumn/spring) and city tourism in Málaga keep months alive that pure beach markets lose. The monthly data on this page shows the curve.