Marbella is the most internationally recognised address on the Costa del Sol. Estepona is where much of the genuine new build activity is happening right now, and where prices still allow for meaningful growth.

€500k–€15M+Marbella range

From apartments in Nueva Andalucía to ultra-prime villas on the Golden Mile and La Zagaleta.

€350k–€5MEstepona range

Stronger value relative to Marbella. Active new build pipeline and improving infrastructure.

45 minTo Málaga airport

Both markets are within comfortable commuting distance of Málaga international airport.

Marbella: the key areas

The Golden Mile

The stretch of coastline between Marbella centre and Puerto Banús. The most prestigious address on the Costa del Sol. Villa prices start at around €3,000,000. New build supply is extremely limited.

Nueva Andalucía

The golf valley behind Puerto Banús. A mix of established urbanisations and active new build projects. Good value relative to the beachfront, with access to premier golf courses.

La Zagaleta

An ultra-private gated community in the hills above Benahavís. The most exclusive residential address in southern Spain. Properties start at around €5,000,000 and are rarely publicly listed.

Estepona: the case for buying now

Estepona has transformed over the past decade. The old town has been extensively renovated, the beach promenade extended, and a substantial pipeline of new build projects delivered. The area west of Estepona towards Casares is where the most interesting projects are currently active.

Developer partnerships: Aluma works directly with the developers of Tierra Viva by Lamborghini (Benahavís) and Marea by Missoni (Finca Cortesin, Casares). We can arrange private viewings and represent your interests in the purchase process. Contact us before approaching the developer directly.

Buying new build: the process

Looking at Marbella or Estepona?

We have direct access to Tierra Viva, Marea and other exclusive new build projects. Book a call before you approach any developer directly.

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