WHERE IS IT? SHOULD I BUY OR INVEST IN A PROPERTY IN THE NEW GOLDEN MILE?
You’ve probably heard of Marbella’s Golden Mile, which is a strip of exceedingly attractive real estate on the shore of Marbella in Malaga, Andalusia. Now, the neighbouring village of Estepona has its own luxury housing complex, packed with high-end new buildings ready to buy.
The New Golden Mile is growing as a wealthy seaside strip east of Estepona, inspired by the original Golden Mile, a 6.5-kilometer-long promenade that connects Puerto Banus with Marbella town.
The Estepona new development area, inspired by its more famous neighbor, is quickly becoming the most known new location for luxury houses on the Costa del Sol.
So where is the New Golden Mile?
It extends for 12 miles (19 kilometers) from Estepona to San Pedro de Alcántara along the Costa del Sol.
Why is the New Golden mile a good cheaper alternative to the old Golden Mile?
Estepona offers the same natural attractions of Marbella, but without the planning headaches. The town council is business-friendly and transparent, eager to realize the town’s full potential by producing jobs and a robust local economy. Investors and home buyers who can’t stand the instability in Marbella are flocking to the area’s good governance. The distinction between Estepona and Marbella demonstrates the importance in facilitating the investments and development of the area.
The area of the New Golden Mile features a wide range of services, including big supermarkets and luxury retail shops, as well as golf courses such as El Paraiso, Valle Romano, and Atalaya. The New Golden Mile is also home to a plethora of luxurious hotels, excellent spas, and excellent eating establishments.
We suggest having a look at this new development right in the middle of the New Golden Mile, with seaviews apartments starting from just 240.000€
There are also other benefits between Estepona and Marbella. The coast is less developed, the beaches are less crowded, and living costs are cheaper. In any case, it’s very easy to see Marbella’s attractions from the New Golden Mile (15 minutes by car) or Estepona and then return to Estepona’s more relaxed environment.
It’s no surprise that new second-home buyers and property investors are rushing to the New Golden Mile to be among the first to acquire a piece of the pie.
If you’re looking for a new house in Spain, have a look at these properties in the New Golden Mile.