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, Nagueles and many more. If you are considering to buy a villa or buy an apartment 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 apartments 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 center 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 where a reason for very few building permits being granted in Marbella. Because of this, there is very little new construction in the area.
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 buy an apartment, 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. Apartments for sale in Marbella vary a lot in price, quality and location.
In general, the price apartments for sale in the centre is between 250.000€ - 600.000€ for a 2 or 3 bedroom apartments. 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 you can buy for 400.000€ - 1.000.000€.
If you are dreaming to buy a luxurious villa, Marbella is the right place to go! You can find all types of villas for sale, big villas, small villas, modern villas or classic villas. As with the apartments, prices depend very much on the exact location, the views, and the privacy the villa for sale offers. A small 3 or 4 bedroom villa starts around 400.000, but quickly moves towards 1.000.000 €. Some villa neighbourhoods are more exclusive and gated, such as Sierra Blanca, Cascada de Camojan and Casablanca. Many villas for sale have been completely reformed and updated with modern technology. If you are looking for a neglected villa to renovate, you have to act quick. Many investors are looking for few villas in bad condition, as many investors are sourcing, these villas for sale before they reach the market.
In Marbella there is many townhouses for sale, both luxury townhouses and regular townhouses. Very often property buyers choose a townhouse to benefit from 3 or 4 levels, and a garden. Prices begin around 350.000 and continues towards 2.000.000€. Only a handful of townhouses cost more than 1.000.000 €. The Average townhouse for sale in Marbella costs around 500.000€.