This property, located in the center of Periana, offers a substantial 500 m² living space on a 509 m² plot. The building currently functions as a restaurant and is zoned for hospitality use. Situated at an altitude of 555 meters above sea level in an urban setting, it provides 14 bedrooms and 5 bathrooms. However, buyers should note the 'Restoration Required' status, indicating a need for significant investment to modernize the property for residential or commercial use according to current standards.
Compared to projects in coastal towns like Acqua Gardens (€418,800) or Aby Upper (€320,000) in Estepona, the entry price in Periana is significantly lower. However, this comparison is flawed: coastal projects are often new builds with communal facilities and direct beach access. In Periana, one buys space and potential, but accepts a renovation project and an inland location. For investors focusing on inland tourism, Periana offers a lower entry than exclusive coastal residential areas, but the audience is different: interested in hiking and tranquility rather than beach and nightlife.
Key characteristics of location, homes, project phase and points of attention.
The property is situated in the urban core of Periana, within the La Axarquía region. Essential amenities, including a supermarket and pharmacy, are within walking distance (328 m and 289 m respectively). The site is in a commercial area near schools. Due to the inland location at 555 meters elevation, the climate is wetter and cooler compared to the coastal areas.
This property is strongly characterized by its commercial potential, featuring 14 bedrooms and an existing bar-restaurant on the ground floor. For residential purposes, it offers the possibility of a large family home or multi-generational living, subject to extensive renovation. Its location in the village means a car is not strictly necessary for daily errands.
This is not a new development. The 'Restoration Required' status signifies the building needs complete renovation. There is potential to construct a fourth floor, indicating an expansion possibility under current regulations. Completion depends on the buyer's renovation schedule.
The property is not turn-key and requires immediate capital investment in infrastructure and finishing. The inland location in Periana implies a 23-kilometer distance to the coast and beaches, meaning no direct sea views or beach lifestyle. The elevation can result in colder winters and more rainfall compared to the coast.
This project suits investors or entrepreneurs looking to start a hospitality business in a village without direct competition in this segment. It also fits large families seeking a spacious structure willing to undertake a project. It is less suitable for those seeking a low-maintenance vacation home or direct access to the Costa del Sol's marinas and beaches. One must be willing to live in a community where tourism is present but not dominant, and where distances to international amenities are greater.
The current condition of the property requires significant upgrading. The description notes 'Restoration Required,' pointing to outdated infrastructure (electricity, plumbing). Materials such as the whitewashed walls (Photo 3) and current furnishings indicate a traditional build style that does not meet modern energy standards. To make the object suitable for rental or modern living, interventions are needed regarding insulation, kitchen installation, and bathrooms. A fireplace is present, which can support heating in winter, but given the altitude (555m), a full climate system is necessary for comfort.
The asking price is set at €279,000. This is a starting price for the current state, excluding renovation costs. Given the dimensions (14 bedrooms), the price per square meter appears low, which is explained by the necessary restoration. Total investment costs will be significantly higher. Comparable projects in coastal towns like Estepona (Acqua Gardens from €418,800) are priced higher but typically include modern finishing.
Periana is a town of approximately 3,500 inhabitants in the Axarquía region. It offers a distinct village character with facilities within walking distance. The property is close to viewpoints like Mirador de la Peña. Living here means access to local amenities such as restaurants and primary schools within a 1-kilometer radius. However, the environment is inland; beach recreation requires a drive of at least 30 minutes. The building itself, with its terrace and potential for open 360-degree views, is oriented towards town life with facilities directly below. This profile does not suit buyers seeking maintenance-free holiday homes or immediate access to marinas and beaches.
The immediate surroundings are urban with all shops within a stone's throw. Periana has a limited scale with a basic level of amenities. For extensive shopping or medical care in a large hospital, a trip to Vélez-Málaga or the provincial capital Málaga is necessary. The location provides direct access to nature such as the Sierra de Alhama and the Viñuela Reservoir, offering recreational opportunities for hikers and cyclists. The proximity to the sulfur baths (2.9 km) is a unique local feature.
The map shows the location in the center of Periana, near the Mirador de la Peña. Distances to the coast (blue) and the airport (plane icon) are measured as the crow flies. The green zone indicates the proximity to nature parks.
Periana is located in the northeast of the province of Málaga, in the comarca of La Axarquía. It is situated between the coast and the mountain range Sierras Tejeda, Alhama y Almijara. The position is inland, meaning it lies outside the hustle of the coastal strip, but also further away from the infrastructure of the Costa del Sol. It acts as a stopover for tourists heading inland.
Beaches such as Playa de La Caleta are located 23 kilometers away as the crow flies. Driving time is longer; expect at least 30-35 minutes via mountain roads. Málaga Airport is 39 kilometers away. A car is essential for activities outside the door, although daily groceries can be done on foot. Golf courses (Guadalhorce, Parador) are approximately 39 kilometers away, implying a 45-minute drive.
| Malaga-Costa del Sol (AGP) | 39 km |
| Gibraltar (GIB) | 135 km |
Source: OpenStreetMap, Google Maps
At 555 meters above sea level, the climate in Periana differs significantly from the coast. Winters are wetter and colder; frost is possible. The swimming season at the coast lasts 4 months, but inland it is shorter. With 3,888 sun hours per year, there is still plenty of sun, but evenings cool quickly. The location at the foot of the Sierra de Alhama offers spectacular views but also more wind and precipitation.
Source: Open-Meteo (2020–2025 average)
The nearest beaches are those of the Axarquía coast, such as Playa de Almayate, 23 km away. These are not major tourist resorts but often quieter beaches. There are no Blue Flag beaches nearby; for those, one must travel to Torre del Mar or Rincón de la Victoria. For sports facilities, one relies on local amenities in Periana and the surrounding area, such as the 8 sports facilities in the municipality.
8 Facilities Available
Source: OpenStreetMap, CSD
Periana is located in the northeast of the province of Málaga, in the comarca of La Axarquía. It is situated between the coast and the mountain range Sierras Tejeda, Alhama y Almijara. The position is inland, meaning it lies outside the hustle of the coastal strip, but also further away from the infrastructure of the Costa del Sol. It acts as a stopover for tourists heading inland.
Periana is a town and municipality in the province of Málaga, part of the autonomous community of Andalusia in southern Spain. It belongs to the comarca of La Axarquía. The municipality is situated approximately 23 kilometres from Vélez and 48 from the provincial capital of Málaga near the Sierra de Alhama. It has a population of approximately 3,500 residents. The natives are called Perianenses and their nickname is Los Manga Anchas or “The Wide-sleeved Ones”.
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Ref: VL799048
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
Maiko is a real estate expert specializing in the Spanish housing market. With in-depth knowledge of the Costa del Sol, Costa Blanca, and other popular coastal regions, he helps buyers find the right property. He analyzes listings based on location, market value, build quality, and livability, providing honest, data-driven advice throughout the entire purchase process.
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