Estepona's property market booms in 2023

Estepona, a charming town located on the Costa del Sol in southern Spain, is experiencing a surge in the property market in 2023. With its beautiful beaches, mild climate, and abundant cultural and leisure activities, Estepona has become a popular destination for investors and buyers looking for a second home or a vacation rental.

According to local real estate agents, the demand for properties in Estepona has skyrocketed in the past year, with sales and prices reaching new highs. The pandemic has fueled this trend, as more people seek to escape crowded cities and enjoy a better quality of life in a sunny and relaxed environment.

"The market in Estepona has never been so vibrant," says Lucy Maynard. The excellent value for money and high rental potential of the properties in this area are attracting a lot of interest from international buyers, particularly from the US and Canada.

Indeed, the prices of properties in Estepona are still relatively affordable compared to other coastal areas in Spain and Europe, but they are rising fast. The average price for a two-bedroom apartment in the town centre is currently around €300,000, while a three-bedroom villa with a pool can cost between €500,000 and €1 million, depending on the location and features.

The most sought-after areas in Estepona are the New Golden Mile, which includes the beachside communities of Guadalmina, San Pedro, and Estepona itself, and the hillside developments of Monte Mayor and Los Flamingos. These areas offer a mix of luxury properties, golf courses, and amenities, as well as stunning sea and mountain views.

The boom in the property market in Estepona is also boosting the local economy, creating jobs, and attracting new businesses and services to the area. The town is investing in new infrastructure and facilities, such as a new marina, a sports centre, and a cultural and congress centre, to cater to the growing demand.

"We are very optimistic about the future of Estepona," says Jose Maria Garcia Urbano, the mayor of Estepona. "We are working hard to make this town a top destination for tourism, investment, and living. We welcome all those who want to discover the beauty and opportunities of Estepona."