The Journal · June 2026
The Costa del Sol market is down 30%: what it means for the price of your home in 2026
For months I have been asked the same question: what is happening to the market? In the June issue the answer is no longer a feeling, it is Land Registry data.
THIS ISSUE IN THREE FIGURES
IN THIS ARTICLE
THE JOURNAL AS A PDF
June 2026 edition, in full
The original charts, the issue's second article and the properties of the month, in three pages.
Open the PDFWhat this issue is about
In the first quarter of 2026, resale volumes fell by around a third compared with the same quarter of 2025. Since it is the same period, the drop is real and not the usual slow start to the year.
- The whole market has slowed at once. All four municipalities fall between 31% and 35%. When different areas move the same way, the cause is general: interest rates, financing, the international environment.
- Buyers are in charge now. Homes take longer to sell and inventory builds up. But a slower market is not a cheap market: what is well priced still sells quickly.
- The asking price is the only lever. A well-priced home sells in under 90 days with a discount of under 3%; an overpriced one keeps chasing the market down.
Also in this issue: which taxes you pay when you sell
The third page summarises the two main taxes when selling a home in Spain: the capital gain (ganancia patrimonial), paid to the Spanish Tax Agency on the profit, and plusvalía municipal (the municipal land-value tax), paid to the town hall. With the 2026 rates for residents and non-residents and the 3% withholding made by the buyer. It is covered in full, with an example, in which taxes you pay when selling in Marbella and Benahavís.
About the author
Alfonso Lacruz
Naval engineer and market analyst. Over 25 years advising owners in Marbella and Benahavís. Publishes a monthly market analysis with Land Registry data.
The figures are indicative and every property is different: for a specific number, ask for a valuation of your home.
Sources: Spanish Land Registrars' Association (Colegio de Registradores de España); Spanish Tax Agency (Agencia Tributaria). Own analysis. Last updated: 17 July 2026.
Thinking of selling your home on the Costa del Sol?
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