Fun facts and figures
2024-2028
350m News > Marbella gets approval for 350m Ritz-Carlton or St Regis, with construction at the Old Las Dunas Hotel, expected to be completed in 2028, offering 186 rooms and 180 branded homes.
Q. What impact will this have on property prices?
In April 2023
Cost per m2
Manilva Up by 18,8% 2149 per m2
Sotogrande Up by 7.7% 2723 per m2
Estepona Up by 19.3% 2993 per m2
Benahavis Up by 7.5% 3981 per m2
Marbella Up by 18.6% 4136 per m2
In June 2024
How much space does a million euros buy you?
Frontline beach, Marbella´s Golden Mile 62m2
Beachside, Marbella´s Golden Mile 100m2
Sierra Blanca, Marbella 123m2
Marbella, Golden Mile 134m2
Los Monteros, beachside 135m2
La Zagaleta 139m2
Guadalmina Baja 150m2
Nueva Andalucia 153m2
Los Flamingos, Benahavis 182m2
El Madronal, Benahavis 187m2
El Paraiso 189m2
La Alqueria 204m2
New Golden Mile 214m2
Marbella East 230m2
(Source: DM Properties, Knight Frank, June 2024)
What do buyers want in 2024?
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- Branded residences
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- On-site leisure amenities
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- Gated community with 24 hr security
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- Co-working areas
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- Properties ready to move into (key ready)
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- Resort-like facilities´
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- Sustainability and energy efficiency with environmental certifications
New build or resale?
Of the 8273 properties sold in 2023 in Marbella, Estepona and Benahavis = 7565 were resales = 91%
New developments remain an important factor along the coast, with a reported 374.
New build villas and apartments are in high demand because of the styling, technical infrastructure, and amenities they offer.
Branded residences are with us and very much part of the new look Marbella in 2024 and moving forward.