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Estepona: A Rising Jewel on the Costa del Sol

Estepona: A Rising Jewel on the Costa del Sol

Terrasur Homes | Jan 24

Estepona: A Rising Jewel on the Costa del Sol (Andalucia) emerges as Spain’s Second Fastest-Growing Town in 2023. In this article by TerraSur Homes, the new Golden Mile property experts, we take a closer look at why this Spanish coastal town is becoming so popular.

Estepona: A Rising Jewel on the Costa del Sol!

Estepona, nestled on the stunning Costa del Sol, has emerged as Spain’s second fastest-growing town in 2023, boasting an impressive 4.6% surge in population over the year leading up to January 2023. According to the latest data from the National Institute of Statistics (INE), Estepona’s population rose from 73,698 in January 2022 to a thriving 77,068.

Foreign Influx: A 15% Surge in Estepona’s International Residents

Adding to its allure, the number of foreigners registered as residents in Estepona skyrocketed by a staggering 15%, climbing from 18,250 to 20,987. However, speculations suggest the actual figure might be even higher, showcasing Estepona as an increasingly popular choice for international residents.

Infrastructural Marvels Mark Estepona’s Ascendance

Mirroring its population growth, Estepona has witnessed remarkable infrastructural expansions, solidifying its status as a booming city on the Costa del Sol. Notable developments include the Recinto Ferial, the Theatre, the Athletics Stadium, the Municipal Parking Network, the Paseo Marítimo, the new Town Hall, urban pedestrianization, and the awe-inspiring Mirador El Carmen.

Estepona A Rising Jewel on the Costa del Sol

Senda Litoral – City centre Estepona

Estepona’s Coastal Charm and the Senda Litoral Initiative

Estepona stands as a prime example in the province of Malaga for the Senda Litoral initiative, with over 90% of its 21 km coastline already developed. The town’s commitment to preserving its natural beauty while embracing growth sets it apart as a desirable destination on the Costa del Sol.

Exploring the New Golden Mile

Employment Flourishes as Population Soars

The surge in population has translated into positive economic indicators for Estepona. In December, Estepona recorded its lowest unemployment rate in the last 15 years, reaching levels not witnessed since 2006, according to the Andalucian Employment Service. This achievement positions Estepona among the municipalities with the lowest unemployment rates in Andalucía.

Marbella’s Growth and Diversity

In the same time frame, Marbella secured the fourth spot in population growth, experiencing a commendable 3.9% rise from 150,321 residents to 156,153. Recent data from the Marbella town hall, as of January 1, 2024, suggests an even higher population of 165,871.

According to statistics, Marbella boasts a diverse population of 153 nationalities, with 112,013 Spanish citizens leading the demographic landscape. Brits (5,486), Morocco (5,177), Ukraine (4,516), Colombia (3,712), and Russia (3,319) contribute to Marbella’s rich cultural tapestry.

Benalmádena: A Rising Star on Spain’s Growth Horizon

Not to be overshadowed, Benalmádena claims the fifth spot among Spain’s fastest-growing towns, with a notable 3.8% rise from 73,549 to 76,318.

Torrevieja Takes the Crown as Spain’s Fastest Growing Town

While Estepona showcases impressive growth, it’s Torrevieja on the Costa Blanca that claims the title of Spain’s fastest-growing town. With a remarkable surge of 6.8%, Torrevieja’s population soared to 91,731 residents by the beginning of 2023.

In conclusion, Estepona’s ascent as the second fastest-growing town in Spain not only underscores its captivating allure but also positions it as a thriving hub on the Costa del Sol, welcoming a diverse community and fostering economic prosperity.

About TerraSur Homes

TerraSur Homes is a family-run business dedicated to serving international clients looking to buy or sell properties on the Costa del Sol. Our mission is to provide a personalised and exceptional experience, ensuring that you find the perfect property in one of Europe’s most sought-after locations for real estate investment.

Whether you are searching for a vacation home, a lucrative investment opportunity, a tranquil retreat, or a permanent residence in the sun, TerraSur Homes is here to guide you every step of the way. With our extensive knowledge of both local and international markets, we have the expertise to save you time and alleviate the stress often associated with property transactions. We conduct thorough searches and present you with a curated selection of properties that align with your specific requirements and preferences.

Thank you for reading: Estepona: A Rising Jewel on the Costa del Sol. Visit our special Estepona real estate page to discover over 1000 properties for sale in Estepona: http://terrasurhomes.com/property-for-sale/estepona/