Square meter prices in Nueva Andalucia, Marbella and surrounding areas September 29, 2021
The property market in the Costa del Sol region of Spain has been steadily growing in recent years, with a surge in demand from international buyers looking to invest in luxury properties. In particular, the areas of Nueva Andalucia, Benahavis, La Quinta, San Pedro de Alcantara, and Marbella town centre have all seen significant growth in their property markets.
Price per square meter in Nueva Andalucia vs. Marbella town
One key factor driving the growth in these areas is the comparative affordability of property prices in the region when compared to other popular European destinations. According to recent data, the average square meter price for properties in Nueva Andalucia was €3,200, which is lower than the average price in other popular destinations such as Monaco, Paris, and London.
In comparison, the average square meter price for properties in Benahavis was €3,500, while La Quinta had an average of €3,400 per square meter. San Pedro de Alcantara had an average of €2,700 per square meter, and Marbella town centre had an average of €4,000 per square meter. The reason why price per square meter is higher in Marbella town is related to most of the properties there are apartments while the other compared areas are based on an average between apartments and villas.
Despite the slight variation in prices, all of these areas offer high-end properties with a wide range of amenities and luxury features. From villas with private pools and breathtaking views, to modern apartments with concierge services and state-of-the-art facilities, there is something for everyone in these areas.
However, it’s worth noting that property prices can vary significantly depending on a number of factors, such as location, size, and condition of the property. For example, properties located closer to the coast or with panoramic sea views tend to command higher prices than those further inland.
Effect from Covid and type of properties people buy?
In addition, the COVID-19 pandemic has had a significant impact on the property market in the region. While demand from international buyers remains high, there has been a shift in the types of properties that buyers are looking for. Many are now seeking larger properties with more outdoor space, as well as those with home office facilities to accommodate remote working.
When is a good time to invest
We are not here to give investment advise as that is a very individual decision and related to the financial situation of each buyer. However overall, the property market in Nueva Andalucia and surrounding areas in Marbella remains strong, with a steady flow of international buyers looking to invest in the region. While property prices may vary slightly depending on the specific area, all of these locations offer high-end properties with a range of luxury features and amenities. With its stunning coastline, Mediterranean climate, and vibrant culture, the Costa del Sol region is set to remain a popular destination for property investors for years to come.