Estepona is well known among those looking to buy a home on the Costa del Sol due to its reasonable prices and healthy economy.
Due to the improving economy, real estate prices in Estepona have been on the rise. The local housing market saw a 5 percent increase in prices. Therefore, if you buy Villas for Sale Estepona at the right time and in the right location, you can see a rise in the value of your investment.
Continue reading as we highlight one of the best areas in Estepona to buy a property.
New Golden Mile
Located between San Pedro de Alcántara and the eastern part of Estepona, the New Golden Mile is the city’s most coveted real estate. Tourists looking for a trip to one of Europe’s top luxury spots go no further than the New Golden Mile, which drives the property demands in the area.
The New Golden Mile is expanding in popularity as it is only 45 minutes from the Gibraltar and Málaga airports and is close to Puerto Bans, Marbella, Estepona, and San Pedro. Some of Costa del Sol’s oldest and newest developments may be found here. Some inland ones provide breathtaking views of the Mediterranean, while others are conveniently close to stores, restaurants, schools, and the beach.
Golfing communities like mountainous Los Flamingos are also popular residential areas in the New Golden Mile. It’s a secluded valley surrounded by three 18-hole golf courses with available land for development. Several other championship golf courses, like Atalaya and El Paraiso, have spectacular coast views and are surrounded by villas and apartments.
If you’re looking for something a little more luxurious, complexes like Torre Bermeja and Cabo Bermejo, Doncella Beach, Menara Beach, and Los Granados del Mar are worth a look. These developments are seeing a lot of interest from international buyers who want a piece of the New Golden Mile’s desirable waterfront property.
Besides buying properties to live in, you can also earn passive income from these luxury apartments by renting out the property to tourists in these popular neighbourhoods, whether it’s for an extended period of time or just for a few weeks at a time.
For more information about houses for sale in Estepona and also Property for sale in Spain visit the website of IMMO ABROAD a real estate agency organization with 7 offices and 30 years of experience in Spain who speak your language.