Marbella Golden Triangle, the secure investment 1 Aug, 2019 Manuel Alarcon
The purchase of luxury apartments and villas in the Estepona beach area has grown steadily over the past few years. So much so that the expression “New Golden Mile” has emerged to describe the long coastline that goes from Guadalmina Baja (the westernmost area of Marbella) to Estepona town. It would be the natural extension of the original Marbella Golden Mile, where the emblematic Marbella Club, Puente Romano and the most glamorous places on the Costa del Sol are located since its takeoff in the 60’s and the 70’s.
The nearly 20 kilometers of the New Golden Mile have become one of the preferred areas for foreign buyers, both for those who establish their residence or holiday home here and for investors looking for benefits. This is the main reason why prices have remained 10% above the average for the area. It is no surprise that many analysts foresee the transformation of Estepona into a “second Marbella” in the coming decades. However, this does not end here.
The Marbella – Estepona – Benahavis Golden Triangle
The fact is that, in parallel with the expansion of the New Golden Mile, the interior areas have undergone a similar process, in which golf has played a very important role (the existence of more than 60 golf courses in the province of Malaga justify the appellation “Costa del Golf”). We mean areas such as Nueva Andalucía (the interior district of Puerto Banús, with Las Brisas Golf, Los Naranjos Golf or Aloha Golf), the inland area of the New Golden Mile itself (with Los Flamingos Golf, El Paraíso Golf or Atalaya Golf ) and Benahavis (with La Quinta Golf, Los Arqueros Golf or El Higueral Golf). Among these destinations, the latter is really the most complete example of the process we are describing. Indeed, Benahavis is a small and charming Andalusian mountain town, but its municipality covers an extensive area of 145 km2 where some of the most exclusive urbanizations in Europe (La Zagaleta, El Madroñal) and first class golf developments are located. The Benahavis area is especially attractive to those seeking privacy and enjoying breathtaking scenery from their property. Thus, the high position of the land, which goes up as we move away from the coast, guarantees panoramic views and the possibility of contemplating the famous sunrises and sunsets of the Costa del Sol like nowhere else. Villas have logically a privileged area of natural development in Benahavis.
In short, we have expanded from a Golden Mile to an authentic Golden Triangle, the triangular area formed by Marbella, Estepona and Benahavis. It is no longer just beach, but mountain, golf, panoramic views… all located a short drive from all the attractions and leisure areas in Costa del Sol (restaurants, discos, luxury shopping…). If we add to this a privileged climate, with about 300 sunny days a year, it comes as no surprise that Marbella-Estepona-Benahavis is one of the favorite places for buyers worldwide. Now, is the Golden Triangle a purely advertising motto, or is it something more? We believe there is much more, in fact, because the Marbella Golden Triangle has proven almost completely immune to financial crises and real estate market fluctuations during the last decade. The luxury properties in Estepona, Benahavis and Marbella continue to be sold practically without variation, which demonstrates the solidity of real estate investments in Costa del Sol and the founded prospects of a revaluation in the future, all of them a source of tranquility for the owners.1st Aug, 2019 by Manuel Alarcon