Up and coming areas in Marbella
Speak of Marbella and such iconic addresses as the Golden Mile, La Zagaleta and Puerto Banús come to mind, but in addition to these and other well-established prime residential zones, greater Marbella also has another category to offer – up-and-coming areas with great potential.
Many of us dream of a penthouse or villa along the millionaire’s row that is the beachfront of the Golden Mile, or perhaps a mansion in Los Monteros or Sierra Blanca, but for those on a more modest budget and buyers with a keen eye for investment potential upcoming areas with a spring in their step are excellent alternatives.
What’s more, in Marbella there are such areas across the price ranges and property types, offering an excellent choice of geographical settings and lifestyle-based locations. These include beachfront areas such as Nueva Alcántara, where modern apartments along the seaside extension of San Pedro Alcántara are much in demand, as well as suburbs set a little further inland close to mountain scenery and golf courses.
Examples of the latter are Nueva Atalaya and La Alquería. Situated at the point where the municipal boundaries of Benahavis, Estepona and San Pedro meet, these are very centrally located residential areas in spite of their peaceful surroundings. This, combined with having beaches and open nature at a short distance is proving a big draw, and in addition to a good choice of existing apartments, villas and townhouses there are exciting new-build apartments for sale in Nueva Atalaya and La Alquería, as well as modern villa projects and plots available for building.
Much of the focus of new development, however, is concentrated a little further west, along the New Golden Mile and other parts of Estepona. Though an established area with mature villas ranged around the golf course of the same name, El Paraiso also offers scope for further development and as such serves as a link between La Alquería and the area that has become known as the New Golden Mile. Still inland are the luxury country club locations of Los Flamingos, with its luxurious contemporary villas and apartments, and the up-and-coming residential area around the village of Cancelada.
Selwo Hills, once somewhat unfancied, is consolidating and maturing nicely with each new high-quality modern development of apartments and gated villas adding to its lustre. It is a particularly good investment buy for the longer term and we would be happy to advise you on which properties for sale in Selwo Hills represent the greatest value. The same could be said for the new upmarket residential areas now developing west of the Estepona marina, but an area to certainly look out for is the coastal strip east of Estepona that has come to be known as the New Golden Mile.
Please contact Winkworth for more detailed information about the properties and real estate opportunities in the Marbella area.