Luxury real estate Marbella
Local News and Information
The Costa del Sol property market is booming, driven above all by high demand for luxury real estate in Marbella, where in some cases supply cannot keep up. This is especially true of top Marbella residential areas, such as the Golden Mile, Sierra Blanca, Cascada de Camoján, Los Monteros, Nueva Andalucía and La Zagaleta. Stylish new villas are being built there, but not fast enough to provide today’s buyers with what they really want: a modern home ready to move into.
In the main, those have already been purchased, so more and more buyers of luxury real estate in Marbella are acquiring off-plan properties that are currently under construction and will be ready to move into within the next six to 18 months. Also popular are renovated existing properties, especially when located in top spots facing the sea, a golf course or within an elegant country club environment surrounded by natural scenery.
Older Marbella villas that have been renovated and modernised are much liked because they combine such prime settings with updated Mediterranean architectural detailing and larger indoor and garden areas – both of which are sought after by buyers keen on interior and outdoor space, as they are increasingly using their Marbella homes to live either permanently or for extended periods of time, a factor also seen in the rise in school enrolment in the area.
Working remotely, often from home or a co-working centre, today’s Marbella homebuyers are affluent thirty to sixty-something year olds desiring home leisure facilities and the security, climate and quality of life that this region offers. This is visible in the high number of online searches for terms such as luxury real estate Marbella, indicating that this is the segment most buyers are currently focusing on. This much is also confirmed by property sales in which villas above €1 million have come to dominate the Marbella market.
For people across Europe and beyond, Marbella continues to be the ultimate safe lifestyle destination within easy access of their home cities and European centres of business – a place where you can enjoy life in a cosmopolitan environment where sports, socialising and culture are all at your fingertips. Combined with a growing array of professional and leisure services, it underlines the vibrancy of the luxury property market in this sunny part of Europe.