Buy new apartment Estepona

Estepona is, nowadays, one of the most sought-after areas on the New Golden Mile (Costa del Sol). We have scanned this lovely old Spanish town for the best new apartments to buy in Estepona.

2023 Update: New build apartments for sale Estepona

We feature 5 new apartment projects for sale in Estepona. Alternatively, you can search our website for all properties for sale.

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1. Acqua Gardens Estepona

The first on our list is the exquisite Acqua Gardens Estepona, a residential complex designed to provide modern living in harmony with nature. Located just minutes away from the beach, this development offers luxurious apartments and penthouses. The lush gardens, swimming pools, and top-notch amenities make it an oasis of tranquility. Whether you seek a permanent residence or a vacation home, Acqua Gardens offers the perfect blend of comfort and elegance.

2. Aranya Estepona

Next up, Aranya Estepona captures the essence of coastal living with its contemporary design and breathtaking views of the Mediterranean Sea. This development comprises spacious apartments, townhouses, and penthouses. Each property is crafted to provide ample natural light and large terraces for enjoying the pleasant Mediterranean climate. Aranya is a true gem for those seeking a serene escape close to all amenities and the beach.

3. Capri

For those who appreciate a touch of sophistication, Capri Residences deliver in style. The development is set in a prime location, offering panoramic views of the sea and the mountains. The properties boast high-quality finishes, open-plan layouts, and top-of-the-line facilities. Capri promises an opulent lifestyle, combining comfort and elegance for the discerning buyer.

4. Nineteen41

Steeped in history, Nineteen41 is a unique residential complex located in the heart of Estepona. The development embraces the charm of Andalusian architecture, blending tradition with modern amenities. The properties showcase a fusion of classic design and contemporary features. If you seek a home with character and a prime location, Nineteen41 is an excellent choice.

5. Symphony Suites Cancelada

Last but not least, Symphony Suites Cancelada embodies the concept of harmony and balance. This elegant development is conveniently situated between Marbella and Estepona, offering easy access to the best of both worlds. The apartments boast spacious interiors and stylish designs, while the communal areas include beautiful gardens and a swimming pool. Symphony Suites is the epitome of sophisticated living on the Costa del Sol.

More about Estepona from our blog

    All apartments for sale in Estepona

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    Conclusion: Buy a new apartment in Estepona

    Nowadays, the Marbella-area property market is more resilient and mature than the national Spanish market. In 2011, during the crisis, the property market in Marbella and Estepona hit the bottom, but recovery started already in 2012 (2 years prior to the rest of Spain). The reason for this? The uprise of the property market was led exclusively by foreign investors and property buyers. This stong international market has always distinguished the Marbella area property market, as well as most Spanish resort areas, from the rest of the country. Consequently, the market recovery in the Marbella area is more mature than the national market, and percentage sales increases have begun to level off, whilst still increasing on a national level. For example, on a national level the 2017 sales volume is still 21% below that of pre-crisis levels of 2007, whilst in the Marbella-Benahavís-Estepona area, the 2007 sales volume has been surpassed by 10.4%.

    Marbella area sales (Marbella, Benahavís, Estepona) in 2017, contrasted with prior years, can be seen on the following table. Overall one can see an increase in sales volume of the three municipalities from 2016 to 2017 of 11.15 %.

    The explication for the steep increase in number of property transactions in Estepona is a combination of factors. Besides a firm and visionary local government, led by mayor Urbano, it can be related to the development in the local property market.

    • Substantially greater availability of fully zoned development land in Estepona compared with Marbella.
    • Delays in obtaining building licenses in Marbella of a year or more, pushing developers to buy land in Estepona and Benahavís where licenses are granted far more quickly.
    • The relatively lower prices of properties and land in Estepona, compared with the most consolidated (and often more prestigious) residential areas of Marbella.

    What happened to the property prices?

    According to the land registries of Spain, prices of residential property rose in 2017 by 7.6% across all of Spain. After the sharp downturn in the property market and the economy itself during the crisis and with distress properties now drying up in most areas, such a price increase is no surprise.

    The number of new developments in the Marbella area

    To help you understand the new build property market better, we have done a full research of the off-plan developments that we believe to be representative of the current market, of 61 new developments being built in Marbella, Estepona, Benahavís since 2016. These new projects offer properties in the price range of €200,000 to €4,000,000 and represent a total of 2,657 properties. Of these properties, 61% of them have already been sold or are under contract, with a significant proportion still under construction. Many of these projects have future phases, not yet on the market.

    This stock of properties, plus the new projects coming on line, provides today’s buyer with a very wide variety of contemporary and modern homes. This includes villas and apartments to purchase “off-plan” at competitive prices, and those under construction (with the clear advantages of stage payments in both categories), and others already finished, ready to move in.

    To illustrate how the construction cycle is still at the beginning, one has only to look at the number of properties for which projects were approved by the Colegio de Arquitectos of Málaga in 2017 of only 4,895 living units, compared with the 45,000 units approved in 2007.

    Buy new apartment Estepona

    Another hot spot is in Estepona is the area called Las Mesas. This is location where currently two of the most prestigious new developments of Estepona are under construction.

    About Terra Sur Homes

    Terra Sur Homes is located just outside the city center of Estepona. We are an experienced real estate agency in the Marbella and Estepona area for over 6 years. Feel free to contact us for an independent opinion on new developments in Estepona or Marbella.

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