Properties for sale on Costa del Sol
Marbella is the most well known city on Costa del Sol since the 70’s and continue to be a magnet for tourism, investment and expats. The municipality of Marbella covers a very large area, with many smaller cities within, such as Nueva Andalucia, San Pedro, La Quinta and many more. If you are looking for a property for sale in Marbella, you are spoilt for choice. Over the last 40 years there has been a constant flow of new construction of all kind of villas, townhouses and apartments, in all price ranges. In the city centre the majority of the population is of Spanish origin, and most properties for sale are of typical Spanish standard. A small area with villas is also in the outskirts of the centre. Prices are average for the area, except for the apartments for sale at the beachfront which are slightly above average.
Moving from the centre of Marbella towards The Golden Mile, prices are increasing and in many cases so is the qualities of the construction. Marbella has a lot to offer, culturally, gastronomically and nightlife! Every year Marbella host a great music festival Starlite at the foothill of the mountains behind the city next to the exclusive Sierra Blanca neighbourhood. In the centre it is also possibly to visit the fantastic charming old part of Marbella. The atmosphere here can make you forget you are in one of most popular European vacation destinations. Administrative issues, cancellation of building permits and legal problems was the reason for very few building permits being granted in Marbella from 2004-2015. Because of this, there is very little new construction in the area.
Apartments for sale in Marbella, Spain
Buying an apartment in Marbella is often a very good investment, as the demand for renovated apartments is very high. International reputation keeps the prices at a high and stable level. If you want to find an apartment for sale, it is important to do a bit of research about the areas. Teaming up with a professional agent to avoid any pitfalls will always be an advantage.
Properties for sale in Marbella vary a lot in price, quality and location. In general, the price of apartments for sale in the centre is between 250.000€ – 600.000€ for a 2 or 3 bedroom apartment. The closer you get to The Golden Mile and the beach, the higher the prices will get. Most expensive is Puente Romano and Sierra Blanca. A 2 bedroom apartment starts around 700.000€, and the price for a large 3-4 bedroom apartment for sale with panoramic views is about 1.500.000 – 3.000.000€. Majority of the many apartments for sale in Marbella are costs 400.000€ – 1.000.000€.