MANILVA and Marbella have seen have seen the biggest increases in property prices.
In the first quarter of 2017, Manilva has seen a 15% increase while the exclusive Marbella saw an 11.3%, compared to the same period last year.
The report, by valuation company Tinsa, showed that the Costa del Sol was leading the recovery, with seafront properties in Estepona and Marbella fetching €8,000 and €6,000 respectively.
The figures are among the highest in Spain.
While Marbella performed well, the lack of available land following the cancellation of the main town plan means developers are looking towards Estepona and Benahavis.