Sough After Locations in Marbella.
Sought-after locations for buying a property in Marbella and Property Prices:
There has been a substantial surge in demand across all areas of Marbella. With many options available, most buyers can find a property that fits their budget and meets their preferred location. Considering this, here are a few of the most favored areas among foreign buyers.
With abundant activities catering to people of all ages, Marbella is a thriving resort with significant appeal for families relocating to Spain. The area has witnessed substantial new construction, resulting in various freshly built homes. San Pedro Alcantara, in particular, has experienced a surge in demand for property sales and rentals. The average property price in San Pedro is approximately €1.4 million. At the same time, the areas with the most affordable options are San Pedro Pueblo and Guadalmina Alta, with average prices ranging from €350,000 to €1 million, respectively.
Boasting many upscale shops, boutiques, restaurants, and bars, this esteemed locale presents an array of attractions. Puerto Banus is a favored destination for couples and retirees, recognized as one of the world’s most renowned nautical and tourist hotspots. Given its status as one of Spain’s most exclusive addresses, it is no surprise that property sales in this area command significant sums. The average property price in Puerto Banus begins at €1 million, while luxury villas and houses can fetch prices exceeding €16 million.
Boasting a more relaxed atmosphere compared to the vibrant energy of Puerto Banus, Nueva Andalucia attracts many British retirees seeking a sunny haven on the Costa del Sol. With its serene ambiance, proximity to nature, and exclusive gated communities, Nueva Andalucia is also a preferred choice among foreign buyers with families, thanks to its plentiful amenities and reputable local schools. The average property price in Nueva Andalucia hovers around €1.3 million. At the same time, the areas with the most affordable options are Rodeo Alto-Guadaiza-La Campana and La Dama de Noche-La Alzambra, with average prices ranging from €350,000 to €1 million, respectively.
Situated west of Marbella, the Golden Mile epitomizes luxury and is one of Spain’s most prestigious residential enclaves. Nestled amid verdant landscapes and the captivating coastline, this privileged locale is characterized by exquisite, secluded villas that offer direct beach access. The area predominantly attracts accomplished politicians and prosperous people in business, many of whom have passed down their cherished properties through generations. Representing the pinnacle of Marbella’s real estate, property prices in the Golden Mile commence at around €2 million.
Marbella old town holds immense appeal for singles, professionals, and couples seeking a vibrant city lifestyle with easy access to the bustling nightlife and essential amenities. The average property price in Marbella Centro starts at €1.7 million, reflecting the desirability of this central location. For those seeking more affordable options within Marbella, Marbella Pueblo, and Elviria-Cabopino are areas to consider, with average prices ranging around €960,000 and €1.2 million, respectively.
Situated a mere 10-minute drive from Marbella, this prestigious and luxurious resort showcases Europe’s most breathtaking properties. La Zagaleta boasts a comprehensive private security system, shrouding the identities of its residents and property owners in secrecy. It serves as a haven for the super-rich and famous, offering respite from the public eye. Rumored to be home to notable figures like Hugh Grant, Rod Stewart, and even Vladimir Putin, La Zagaleta is renowned for its utmost confidentiality. The average property price in this esteemed enclave stands at €6.5 million, while some turnkey residences have fetched incredible prices as high as €50 million.