Marbella, Málaga
vs Calpe, Alicante.
Side-by-side comparison of 107 new-build properties across both towns.
| Metric | Marbella, Málaga | Calpe, Alicante |
|---|---|---|
| Listings | 88 | 19 |
| Avg Price | €1,785,314 | €1,090,788 |
| Avg Gross Yield | 1.7% | 5.9% |
| Avg Discount | 3.9% | 6.4% |
| Avg Score | 47/100 | 52/100 |
When comparing Marbella, Málaga and Calpe, Alicante as property investment destinations on Spain's coast, several key differences emerge. Calpe, Alicante is the more affordable option, with average new-build prices approximately €694,526 lower. This price advantage can make a significant difference for investors working within a fixed budget or seeking higher leverage.
In terms of rental income, Calpe, Alicante edges ahead with an average gross yield of 5.9%, while Marbella, Málaga sits at 1.7%. The yield gap reflects differences in purchase prices relative to achievable rental rates in each area.
Overall, Calpe, Alicante takes the lead with an average investment score of 52/100, factoring in value, yield potential, location quality, developer track record, and market positioning. That said, both towns have compelling listings — the best strategy is to shortlist properties in each location and compare them on a deal-by-deal basis. Market conditions shift, and today’s underdog can become tomorrow’s hotspot.
Data last updated: 6 August 2026