Best areas to purchase real estate in Estepona, Spain in 2023
Spain is a sunny paradise, for everyone who loves warmth and the sea. One of the most beautiful towns in Estepona, which is located in Andalusia and attracts millions of tourists every year with its beauty and medieval decoration. A villa for sale in Estepona can become a profitable asset in your future.
Overview of the area
Estepona is a southern town on the Costa del Sol. It means – 300 sunny days a year, rare rains, incredible old streets, fragrant with flowers, and the spirit of old Europe. Citrus fruits and figs grow here, the average temperature is almost 20 degrees Celsius, and many clean beaches make Estepona a favorite holiday destination. Couples in love, families with children and just those who like a leisurely lifestyle, the scent of flowers and salty air love to relax in the town.
Estepona is not a cheap place, because the position obliges - the Costa del Sol has always been an expensive coast. Buying property in Estepona is profitable and convenient. After all, you can rent it out all year round, and the variety of offers will allow you to find housing for every taste.
The administrative-municipal formation of Estepona, which is part of the province of Malaga and the autonomous community of Andalusia, occupies a territory with a total area of 137 square kilometers, located along the 23-kilometer coastline of the Mediterranean Sea. Its municipal residential development closes the western part of a continuous 100 km urban agglomeration, built by the sea in the administrative region (comarca) Costa del Sol Occidental along international (AP-7) and regional (N-340) highways.
Thanks to this location, residents of Estepona and its suburban areas have convenient, less than an hour, transport accessibility to the international airports of Malaga and Gibraltar, as well as to the numerous resort, sports, health, shopping and entertainment centers of Marbella and Benahavis in the Golden Triangle of the Costa del Sol.
The main part of the municipality is located in a fertile hilly valley with numerous streams and rivers flowing to the sea from the foothills of the Sierra Bermeja mountain range. Its highest point is the mountain peak Cerro Abanto, rising 1508 meters above the sea. Estepona is the westernmost Mediterranean port of Spain, located 48 kilometers from a large port complex in Algeciras near the Strait of Gibraltar with the largest cargo turnover in the Mediterranean Sea.
The basis of the municipal economy of Estepona is the sector of international and mass youth tourism, as well as residential and commercial construction.
Local fishing, livestock and agriculture are focused on providing the basic needs of the inhabitants of this region.
According to statistical information: out of 70,500 people currently living in the municipality, every fourth inhabitant is a foreigner. This is the highest figure for the entire autonomous community of Andalusia. Among the registered foreigners who came here for permanent residence from 106 countries around the world, British, Moroccans and Argentines predominate.
Real estate in Estepona
Real estate in Estepona is a great option for a family who plans to live on the Mediterranean coast of Spain, not only during their holidays, but all year round. Affordable price, high quality, a large selection of different options and excellent infrastructure make local housing a profitable investment in Spanish real estate.
Buyers choose real estate in Estepona for well-groomed beaches and amazingly beautiful panoramic views of Gibraltar and the Sierra Bermeya mountains. It is represented by all existing options, but the most popular are new apartments, spacious houses and luxurious villas in the elite coastal zone, which is located outside the city limits.
In the town it is possible to find budget apartments for 2-3 rooms for €100,000, but mostly apartments and villas of the middle price category are located here: €400,000-800,000. As in all of Spain, housing is in good condition, with repairs and swimming pools, huge terraces and panoramic windows. Almost all apartments and suites offer interior decoration, sometimes furniture, parking spaces and other everyday pleasures.
The most popular residential areas are:
- New Golden Mile,
- Bel Air
- and El Paraiso.
In these exclusive complexes, each property has a luxury finish and technical equipment. They are located right on the beach, surrounded by tropical gardens. For residents on the territory there are gyms, heated pools, 24-hour security, and concierge. Elite closed-type locations near golf courses are also in great demand. Such complexes are located on a hill and have magnificent views of the surrounding amazing landscapes.
The prices for such housing are lower compared to neighboring Marbella.
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