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Malaga is one of the provinces where mortgages take up the highest share of income

There are high local house prices and low local incomes.
There are high local house prices and low local incomes. / Ñito Salas
  • Not only does Malaga have among the highest house prices in the country, but its inhabitants also have below average earnings

A survey by a respected property valuation group has shown that Malaga province is just one place off the top of the list for relative unaffordability of homes when compared to household income.

Not only does Malaga have among the highest house prices in the country, but its inhabitants also have below average earnings.

According to the TINSA survey, a typical Malaga family needs to spend 21% of its annual gross income on a mortgage. Only the Balearics has a higher percentage at 23.2%

Data shows that the average mortgage taken out in Malaga province is the seventh highest in the country at 126,417 euros, while annual household income is 32,077.