Estepona is a very charming Spanish city located 10 km south of Marbella, with a very authentic feeling. Originally a fishing village, the city has developed naturally with time. The city is still undergoing improvements to meet the demands from the property owners who decide to buy property in Estepona. The city center and its 5km long beach promenade offers many typical Spanish restaurants and Chiringuitos - Beachbars. The majority of the apartments for sale in Estepona is located either in the outskirts of the city center, or in the many beachfront apartment developments.
The permanent population in 2017 was around 75.000 inhabitants, and as a result the city is alive even in the winter time. The city offers many different activities, such as Selwo adventure park - a zoo integrated in natural surroundings, a gocart track, and a botanical garden. The muncipiality consists of several different areas such as Selwo, Cancelada, Atalaya, Costalita, El Cristo & Valle Romano. There is also a large industrial area, with car dealerships, outlets and home to many companies. The general price level for properties for sale is increasing. Over the last 10 years many properties have seen an increase of 50-100%.
Estepona has recently seen a high increase in new developments with apartments for sale. As a result, there is apartments for sale in a broad price ranges, from at 200.000 € to 2.500.000 €. The price it costs to buy an apartment depends largely on the location. Beachfront apartments for sale in Estepona begins around 400.000 for a 2 bedroom apartment, walking distance to the beach. The price increases depending on size and the level of luxury. The price level for apartments within the city centre is below average. Outside the city mostly average, and beachfront apartments are priced above average for the area.
Beachfront apartments for sale
The beachfront apartments are within few 100 meters from the beach. Many of the beachfront apartments for sale also offers fantastic sea views. Beachfront apartments are always in high demand. The beachfront apartments for sale are mostly built during the last 15 years. In 2018 there is 3 different developments under construction, which all offer beachfront apartments for sale. They are The Edge, Emare & The Island. Almost all of the beachfront apartments for sale in Estepona offers fantastic sea views. All urbanisations are medium to high quality, with a few high luxury developments, such as Doncella and Los Granados Playa. An investment in a beachfront apartment for sale, will normally keep its price well, due to the high demand.
Modern apartments for sale
It is not too easy to find modern apartments for sale in Estepona. Most developments are older, and built in typical Spanish style. Many of the beachfront apartments for sale have a modern look and updated interior. Many property buyers choose to buy an older apartment, and do a full renovation. As a result, the location is central and the interior very modern. Several luxury developments are under construction in Estepona, which offers modern apartments for sale. The Edge apartments, Las Mesas & The Island townhouses are examples of this. Because of the limited number of modern apartments for sale, they are in high demand.
Off-plan apartments for sale
In the center there is many new developments and off-plan projects for sale. Buying off-plan, under construction, or as a project will save you up to 25% in cost. There is good chance of finding bargains apartments for sale, and very cheap apartments. If you are looking for a bargain apartment, or a distressed sale, Estepona is a good option. Many apartments was bought 10-20 years ago, at very low prices. A distressed sale gives you the possibility for an outstanding profit. Cheap apartments, and bargains are only on the market for short time, so quick reaction is necessary.
Luxury apartments for sale
In Estepona, all luxury apartments for sale are located on the beachfront, which also have the nickname "The New Golden Mile". The most luxurious of them all is Doncella Apartments, just outside the city centre. Here the apartments for sale begin around 700.000 for a 1 bedroom apartment, and continues towards 2.500.000 € for a 4 bedroom penthouse. Doncella offers a variety of services, and are kept in immaculate condition throughout. Another luxury development is Los Granados Playa, offering very spacious apartments, starting at 1.200.000€. Furthermore there is a large heated pool, restaurant and concierge service. Not far away from Los Granados Playa, Emare is under construction. Modern, spacious apartments with a starting price of 2.300.000 for a 2 bedroom apartment for sale.
If owning a villa is more appealing to you, you have plenty of choice. In the city and nearest surrounding you will find a lot of traditional smaller villas, built in typical Andalucian style. Along the beach promenade there are several luxury beachfront villas. Furthermore East of the city there is several new projects with off-plan villas under construction. Prices start around 300.000 € for the smallest villas. The average 4 bedroom villa is around 6-700.000 € and the most expensive villas tops around 1.500.000 €
Townhouses for sale in Estepona are mostly 3 or 4 bedroom townhouses, which have been built to maximise the usable m2 on the plot. Some of the townhouses for sale have small gardens, others are in a community with a communal garden and pool. Due to many families living permanently in the city, townhouses for sale are in high demand. Townhouses for sale in Estepona starts around 200.000€ in the city centre and its outskirts, and moves toward 1.000.000€ for the more luxurious ones such as The Island. On average the townhouses for sale cost around 350-500.000€, and it is possible to find all types, in all locations.