Nueva Andalucia, Marbella
Nueva Andalucia is a primary residential area one kilometre inland from Puerto Banus. It is set in a sunny green valley, featuring the world renowned golf courses of Aloha, Las Brisas, Los Naranjos and La Quinta.
The well maintained streets and mature planting give an established community feeling, as well as its close proximity to local international schools such as Aloha College and Laude International. Nueva Andalucia has flourished over the last 30 years, with a large prominence of luxury villas and high quality apartments.
The area stretches from Las Brisas at the south of the Valley to La Quinta in the north. Hidden amongst these larger urbanisations are exclusive private gated communities such as the leafy and discreet El Herrojo, set in the hills of La Quinta, Vega del Colorado, an extremely well maintained development of large villas offering 24 hour security and some of the best views in Marbella, and the prestigious La Cerquilla, minutes from the nightlife of Puerto Banus, but offering the plot sizes and privacy that luxury home buyers desire.
The value of the location is becoming more recognised every year and it is noticeable even in the last twelve months in the lack of available good business premises, as new restaurants, bars, shops have established themselves and won the support of the local customers. A significant proportion of these customers make Nueva Andalucia their home, all year round.
The market in Nueva Andalucia has shown a sharp improvement in the last 18 months. Older villas have been bought and renovated and there is now a shortage of good family villas especially around the one million euro price range.
Clients are increasingly looking for light, modern properties within walking distance of amenities and Nueva Andalucia has become the location of choice for a significant portion of that market.
It is perhaps too early to think of price rises but the market in Nueva Andalucia is now showing strong signs of consolidation.
By... Callum Swan | Dec,2014