If you’re looking at property for sale Estepona, you may well be thinking about buying an apartment. The resort offers plenty of choice with a wide range available in developments on the coast, inland and also in the old town. As well as resale properties, you’ll also find an excellent choice for new-build apartments for sale in Estepona, currently one of the main focal points for new developments on the Costa del Sol.
In this guide to apartments in Estepona, we look at reasons for buying in the resort and what kind of property you can expect to find. We also examine the pros and cons of new builds versus refurbishment and the investment potential behind apartments for holiday lets in Estepona.
Why buy an apartment in Estepona?
Apartments rank as the most common type of property for sale in Estepona and make a good purchase for several reasons. Firstly, Estepona property represents excellent value for money with competitive prices in surroundings comparable to next-door Marbella. Many buyers find that Estepona apartments offer more for their money, particularly when it comes to luxury properties.
Secondly, Estepona has year-round appeal as a holiday location, especially for families. The resort has plenty of attractions for all ages with lots to do and see. The pleasant climate throughout the year with over 320 days of sunshine brings added value to Estepona property, particularly if you’re thinking for buying an apartment for vacation rentals.
Another reason for looking at Estepona apartments for sale is location. The resort is within easy reach of both Malaga and Gibraltar Airports and has excellent connections with the rest of the Costa del Sol.
For some inspiration take a look at our apartments for sale in Estepona.
What kind of Estepona apartments are available?
Like most resorts on the Costa del Sol, Estepona has a wide range of property for sale on its books and apartments are no exception. You can choose from older properties in established developments or blocks in the old town or opt for new-build apartments in prime positions throughout the resort.
Estepona is currently experiencing a boom in demand for new-build apartments and several high-end developments are under construction. They are located on the New Golden Mile, one of the best places to buy luxury apartments Estepona or in developments in the foothills. The latter offer commanding views of the beach, Gibraltar and the Moroccan coastline on the horizon.
When it comes to size, the resort ticks all the boxes. From small studios to large apartments in Estepona, you’ll find something to suit you. In general terms, however, the newer the development, the larger the property.
Where are apartments located in Estepona Spain?
Estepona boasts an extensive coastline between Marbella in the east and Manilva in the west. The resort also extends north into the foothills of the Sierra Bermeja mountains, offering buyers apartments on the beach or in more rural locations.
The prime location for Estepona apartments for sale is on the beach between Marbella and the old town. This stretch of the coastline is known as the New Golden Mile and home to some of the most luxurious developments on the Costa del Sol. You’ll find the best selection of beachfront apartments Estepona and indeed the Costa del Sol here with many properties enjoying direct access to the sands. Golf courses provide another top location for apartments in Estepona where there are several excellent courses with established property developments.
If you’re looking for property for sale in Estepona old town, apartments are your main choice. Those in older blocks may require refurbishment, but represent good value because of the restoration work going on in the centre. The town council has an extensive programme of upgrades for the historic part of the town.
For full details on where to buy in Estepona, check out our dedicated Estepona property guide to the resort.
Can I buy a new apartment in Estepona?
As we’ve mentioned, Estepona currently offers an excellent choice of new-build properties including apartments. Choose from beachfront locations on the New Golden Mile or developments in the foothills. One of the most emblematic is Alcazaba Lagoon, home to Europe’s largest lagoon and artificial beach.
Is it better to buy a new or refurbished apartment in Estepona?
The answer to this question depends on your personal preferences. A new property offers top-quality construction, fittings and finishes. This is particularly true in Estepona where new-build apartments meet high standards and enjoy prime locations. A new apartment is also move-in ready, meaning it’s available immediately for your own enjoyment and/or to let as a holiday home. On the other hand, an off-plan or new purchase tends to come with a higher price tag.
Older properties for sale in Estepona may require refurbishment work allowing you to create a home to your specifications. This type of property is also generally cheaper. However, converting an apartment takes time, often longer than originally planned and you may not be able to use the property after purchase.
Use our detailed search page to check out our selection of new build apartments in Estepona for sale.
Do Estepona apartments come with communal facilities?
Not all apartments for sale Estepona have communal facilities, particularly those in blocks in the old town. However, those in developments on the coast and elsewhere in the resort usually offer a range of installations for residents.
Communal swimming pools and gardens are the norm and you may also find sporting amenities such as tennis or paddle tennis courts. Newer developments and luxury apartments in Estepona come with a long list of communal extras that usually include 24-hour security, a gym and children’s play area. Those at the highest end often provide a spa and club house for homeowners.
How much do apartments cost?
In general, apartments in Estepona for sale rank among the most expensive on the Costa del Sol, particularly on the New Golden Mile. However, their price tags are lower than next-door Marbella and it is possible to find bargains if you don’t mind a refurbishment.
For a budget of up to €200,000, Estepona offers a good choice of property although the best selection in prime locations attracts a premium. When it comes to luxury apartments Estepona, expect to pay at least €1 million. And if you’re looking for a beachfront location, this figure can easily double, triple or even quadruple.
Which Estepona apartments for sale are best for investment?
Like all Costa del Sol property, apartments in Estepona offer good investment potential. The resort is currently a favourite with families and working hard on increasing its tourist attractions. As the denominated Garden of the Costa del Sol, Estepona has widened its appeal and as a result, seen its visitor figures rise.
This together with a pleasant year-round climate and good transport connections means Estepona property represents excellent investment value. Its perennial appeal adds to capital appreciation on an apartment, which can also provide steady returns on holiday lets.
Can I buy an apartment in Estepona as a holiday let?
If you decide to go the holiday let route for your apartment in Estepona, you need a licence from the regional authorities. You also need to ensure the property meets all the requirements for vacation rentals on the Costa del Sol including safety measures, minimum fittings and size. The process is generally straight forward and doesn’t take too long.
For more information about Estepona apartments for sale in general, please contact us. We would love to hear from you and will happily help with all (search) questions!