Natalie So, you are thinking of buying property in Estepona in the Costa del Sol region. Well, congratulations, because we believe this is one of the best places to invest in Spain, whether you want an apartment or villa. Sitting in the Malaga province of southern Spain, property for sale in Estepona is indulgence in authentic Spanish culture.
Of course, tapas and paella bars put a few pounds on your waistline, but the pleasing aesthetic look is the main attraction. Think of a tree-lined beachfront promenade and whitewashed hoses lined with bougainvillaea. Let’s remember sailing and golfing opportunities in abundance. So, what do property buyers who would like a villa or apartment need to know about real estate for sale in Estepona?
About Buying Property in Estepona
Is Estepona a Good Investment?
Estepona is a wise investment whether you are looking for capital growth or a rental income. Given Spain’s strong year-round tourism market, there is more rental income from apartment holiday lets than long-term contracts. But there are pros and cons to each type of rental. If you plan to make money from holiday lets, Estepona’s robust tourism market fits the bill. But the closer the property for sale is to beaches, bars, and restaurants, the more money you make. Additionally, a new property with an onsite swimming pool will net more income.
Re capital growth, Estepona’s real estate market is in full swing, yet still catching up from when it was a second choice to Marbella. Therefore, this presents excellent capital growth potential as a mid to long term investment.
Why Picturesque Estepona Leads the Way
As a real estate agent, we believe every house purchase should be an investment. We have ways to tell whether a home for sale will be a wise, new addition to your portfolio or a dud that fails. One of the ways is to look at what local councils do and how they invest in the local community and infrastructure. This determines your potential capital growth. Estepona always re-invests into their community, and this wins much admiration from us.
In 2019, the Estepona council approved a budget to invest 14.7 million euros into Estepona town. This was more than any other council in the Malaga province. The local council wants to be the garden of the Costa del Sol, proving their commitment to preserving green spaces. Estepona’s commitment is to be a citizen-friendly town, a project they embarked on in 2011. The project paid off, and Estepona town is an ideal destination for property investment.
Is Estepona Suitable for Expats Who Want to Move?
If you want a place overseas to live all year round, Estepona ticks the boxes. Do not just believe us, though. For proof, look at the stronghold community of foreign expats, with Brits topping the list as a leading nationality. Roughly 25% of the population in Estepona is foreign expats. Granted, Estepona is quieter in the winter than in summer, but many expats like this slight relief.
Reasons why Expats Like Estepona
- Affordable property prices in Estepona– Compare prices with property for sale in Marbella to see the vast difference. The portfolio of Estepona’s real estate market is a healthy blend. It includes off-plan development projects, new build, luxury, and resale apartments and villas, giving buyers more choice,
- Estepona offers a more authentic Spanish ambience than Marbella. The traditional Pueblo Blanco status means a traditional town with classic whitewashed houses. The local council also refurbished 130 streets to make them more pedestrian-friendly.
- Estepona’s two blue flag beaches are less crowded than other counterparts on the Costa del Sol. The main beach is Playa Rada, but families with children will love El Cristo Beach, close to Estepona’s marina. El Cristo is a spectacular bay with water sports on offer, but safe shallow waters give parents peace of mind.
- Most expats, when moving abroad, want as much sunshine as possible, and great Estepona steps up to the mark with 320 days a year. This means an outdoor lifestyle, which all doctors say boosts your health.
- Things to do include golfing, heading into the nearby Sierra Bermeja Mountain area, walking the promenade, exploring nearby Marbella, or lazing around the pool. Expats are never bored in Estepona, and now is the time to enjoy a hobby you wanted to pursue.
- To nip home to see friends and family, Malaga airport is an hour drive away. Granted, Gibraltar airport is closer, giving the choice of two, but the flight frequency at Malaga is more often and perfect. More about why Estepona is a good place to live.
Where to Buy in Estepona
Estepona Golf, between Gibraltar and Puerto Banus on the new Golden Mile, is the place for golf fans to head to. The nearby stunning 18 hole golf course is reason enough. Los Altos del Paraiso offers beautiful sea and mountain views and is close to El Paraiso Golf Course and less than 10 minutes from Saldana Beach. Finally, Costalita is the place to head to for an apartment in a gated community.
Otherwise, luxury beachfront developments near the golden mile offer stunning views, an excellent modern design and are close to the main centre. Maybe a sensational penthouse appeals. Likewise for the Menara Beach coast area, between San Pedro and Estepona. Also, look at Cortijo, Valarin, Paraiso, or inland residential areas for a traditional Finca. When you come on a viewing trip with us, we don’t just show the property. We also show neighbourhoods matching your lifestyle preferences and amenities like banks, transport links, shops, bars, schools, and restaurants.
How to Buy Property in Estepona
The first step is to start your search of homes for sale. Browse our portfolio of apartments and villas for sale in Estepona here. Each listing contains everything to know, including location, home features, price, and contact details to arrange a viewing. Additionally, call us to arrange a meet up in Estepona to view many properties that suit your budget and lifestyle preferences. Once you decide on a property, make an offer, and upon acceptance, we proceed with the sale.
Through our service, we handle the whole process for all our house buyers. All you need is a passport, Spanish bank account, and NIE card for a brief outline. Of course, we assist you in getting the latter two. Also, remember to factor in 12% for extra purchasing costs on top of the for sale cost. These include notary fees, land registry fees, lawyer, valuation report, stamp duty and transfer tax—more about the buying process for property in Spain.
Further Reading
To know more about property for sale and living in Spain, our blog will be of use. We discuss destinations, the property market, and expat living from the mundane red tape to lifestyle pursuits and pleasure. We also talk more about the famous Costa del Sol, a popular destination for foreign house buyers and real estate investors.
About Us
We are Spot Blue International property agents. We hope we gave helpful information about buying an apartment or villa in Estepona, in the Costa del Sol region. If you have any more questions, call us today and chat with a local agent. Or you are already in Estepona or the other parts of the Costa del Sol, let us know if you want to view property. Then, we can arrange an appointment. Otherwise, follow us on Facebook or sign up for our monthly newsletter. They often include news from Estepona and other international property developments.
