Invest in New Golden Mile (Estepona)

New Golden Mile: the hottest location to invest in Costa del Sol

With the incredible sand beaches, tropical surroundings and prestigious urbanizations at the suburbs of the city, Estepona is, without a doubt, among the most widely recognized locations Spain, and even Europe. Its sunny weather, vibrant nightlife and proximity to Marbella, Gibraltar and Cadiz drawn thousands of visitors each year.
As desirable as always, Estepona is lately and with a rush attracting renters, investors and homebuyers. To understand this growing, we need to focus on the hottest area of Estepona: New Golden Mile. While more and more villas and plots are being sold, it is also a trending place for new developments and great companies.

To make the job easier for you, we’ve decided to list the factors:

1) Strong investment economy:

A great example of this growing, is the new Ikos Hotel Resort. The American company decided to invest millions in New Golden Mile, Estepona, to open one of the most luxury hotels Spain has ever seen. Not only this will keep bringing a lot of tourist to the city, but also foster the growth of well-paying jobs and employ hundreds of thousands of workers.

2) Incredible new developments at an unbeatable price:

And we are not teasing, Estepona has the best prices when comparing to the rest of popular destinations in Costa del Sol. New Golden Mile is a safe bet for real estate investment. There are incredible new developments taking place in Estepona. Architectures, designs, and locations you won’t get anywhere else, not even Marbella. Estepona shows luxury with great prices, such as front-line beach apartments starting from as low as 200.000 €. Some of the hottest beachfront opportunities taking place in New Golden Mile beachfront are:

KRE14793: beachfront apartments, penthouses and villas for sale in New Golden Mile, Estepona starting from 700.000 €
KRE17239: an ultra-modern duplex penthouse in front line beach, New Golden Mile, Estepona
KRE17069: 14 exclusive first line beach properties in the best location, New Golden Mile, Estepona. Starting from 670.000 €
KRE14376: luxury beachfront new development of apartments and penthouses in New Golden Mile starting from 3.400.000 €
KRE14432: Incredible new development of front line beach apartments, penthouses and villas in New Golden Mile, Estepona

We can assure you, there are not many opportunities like this. Beachfront apartments at those prices.

3) High demand for rental units:

The rental demand is high as well, at least when it comes to renting. As a city with such incredible landscapes, beautiful surroundings and security, New Golden Mile, attracts a lot of residents who are willing to pay high rents just to settle down in tranquillity, away from the bustle of the cities, but close to every luxury.

4) Location, location, location!:

Not only you will be able to enjoy the gorgeous beaches and tropical surroundings Estepona offers, but also you will live with ease knowing that your kids can assist in the most prestigious international school in Spain: Sotogrande International School. A big plus is proximity to Gibraltar’s international airport. Tarifa’s golden beaches are less than an hour away by car.

5) Popularity as a destination:

We think this factor may be one of the most important. Not only New Golden Mile but Estepona as a whole, is attracting both domestic and international tourists all year round. During 2019, Estepona was one of the leaders in tourists. Visitors checked into hotels, rented many villas and apartments, ensuring a stable short-term rental income to anyone willing to invest.

When it comes to Costa del Sol real estate, there is no stronger activity than the one in the luxury market. An increasing number of millionaires from all over the world are coming to Estepona, Marbella, Benahavis to buy their secondary or even primary residence. In fact, Costa del Sol, Spain is one of the leading locations in real estate not only in Spain, but also in Europe. It’s time to invest in New Golden Mile, Estepona!