Every property market, including that of Marbella, is made up of different residential zones, each with their own setting, views, characteristics, properties, desirability, standing and accompanying pricing. Within this range, there are the timeless favourites and the newly up-and-coming areas. Together, they make up the focus of the market.
In Marbella, as in most real estate markets, there are distinct residential areas each with their own locational advantages, characteristics, views and of course also different levels of prestige, demand and the price tags attached to this. This, of course, is quite apart from the different surroundings, properties and lifestyles each area offers.
Mijas is a large municipal area bordering Marbella on the eastern side that encompasses several different residential areas. The main town and seat of the municipal authority is Mijas Pueblo, a very pretty white Andalusian mountain village overlooking Fuengirola and the Costa del Sol from a height of 430 metres.
Those familiar with Marbella will know San Pedro Alcántara as the lively, very Andalusian little town that falls within the Marbella municipal area and provides a local hub for residents of the luxurious residential areas surrounding it. But San Pedro and its immediate surroundings are also a fine lifestyle destination in their own right, with lovely suburbs and beautiful homes to choose from – all surrounded by golf, facing beaches and within minutes of Puerto Banús, Marbella town, Benahavis and Estepona. In fact, it’s a great location!
With competition so intense for the classic top locations in Marbella, a lot of buyers have been recently focusing on newly up-and-coming residential areas. Prominent among these is the New Golden Mile, the coastal area between Guadalmina and Estepona town, which has been growing apace and now ranks among the most exciting property and investment zones on the Costa del Sol.
The luxury property market in Marbella is riding high on strong demand for the lifestyle and properties it offers. The areas most in vogue are the evergreen classics such as the Golden Mile and Nueva Andalucía, where the demand for quality contemporary homes – in particular villas – currently outstrips supply.