What Property is Hot on the Costa del Sol?

San Pedro Alcántara’s recent renaissance is going from strength to strength. The opening of a one kilometre tunnel running past the town in 2012 certainly boosted confidence in the area and work on planned new developments started in earnest. However, 2014 welcomed the inauguration of the San Pedro Boulevard – a beautiful walkway located above the tunnel with a modern, stylish feature bridge, children’s play areas, water features, skating rink, several gastro bars and leisure zones.

The boulevard has successfully united the town centre of San Pedro with its beachside area and sea-fronting restaurants. Once split from the rest of the town by the main road, the beach area is now very much up and coming. High quality developments are being newly launched and rapidly sold out, demonstrating the immense confidence of investors in the San Pedro property market.

The appeal of this area close to beach and town is obvious, and with space for development it is earmarked as one of Marbella’s hot property areas in the coming years. High quality developments are being newly launched and rapidly sold out, demonstrating the immense confidence of investors in the San Pedro property market.

The speed of property growth in the area is staggering but there is still room for more investment. Highly respected luxury developers are buying plots and constructing top class complexes but land is still available to develop in prime areas within walking distance of the town and the beach.

Just to the east of San Pedro Alcántara, Nueva Andalucía is another area of Marbella that is undergoing significant growth. Always popular with those looking for property close to Puerto Banús and its attractions, Nueva Andalucía has a number of well-positioned plots available, suitable for individual villas or multi-dwelling developments.

Nueva Andalucía has always attracted sports enthusiasts. To many it is known as Golf Valley, in homage to its world renowned tournament golf courses with superb clubhouses such as La Quinta, Los Naranjos Golf, Aloha, Las Brisas Golf and Dama de Noche. There are also tennis and padel courts as well as gyms and fitness centres located within this fashionable Marbella zone.

The huge variety of amenities in Nueva Andalucía, including some of the best restaurants on the Costa del Sol, ensure that the area is very attractive to investors looking to realise a rental income on their property purchase. Its proximity to popular international schools as well as the centre of Marbella, Puerto Banús and the airports of Málaga and Gibraltar, secure its position at the top of the list of those locations where a higher yield of rental income can be guaranteed.

As the green shoots of growth continue to appear on the Marbella horizon, finding the best value locations with a maximum potential for growth is of utmost importance. San Pedro Alcántara and Nueva Andalucía both have a very exciting future and are definitely ones to watch.