Golden Triangle Marbella
The Marbella Golden Triangle is one of the hottest, if not the hottest, areas of Spain to purchase property. The area is located on the luxurious Costa del Sol and attracts foreign and local residents to the apartments and villas situated along a swathe of land bathed in sun around 320 days of the year.
Running from Estepona to Marbella along the Mediterranean Sea coast and inland toward Benahavis, the Golden Triangle is a nearly 20-kilometer section of the region. It encompasses the glamorous area of Andalusia with spectacular beaches and charming locals.
Since the 1960s, the Marbella area has exploded. What started out as an upmarket resort town, the region has added a number of additional destinations for travelers over the years. Prices in the Marbella Golden Triangle remain 10% above the average for property prices in the larger area. Thanks to the growth and development of Estepona, it is now known as “the new Marbella”.
Marbella Golden Mile to Marbella Golden Triangle
There are two main factors that have driven the expansion of the Marbella Golden Mile into the Marbella Golden Triangle. Of course, one factor is the incredible weather that the area is bathed in year-round.
You will enjoy around 320 days of sunlight each year. After recent events, it is understandable that many people want to relocate to a warmer, sunnier place to live and enjoy life.
Weather isn’t the only thing driving expats to the Marbella Golden Triangle. Golf is another major contributor to expats relocating to the region. The expansion of the area from the Golden Mile to the Golden Triangle has seen a number of golf courses built.
There are over 60 golf courses in the Malaga province. The number of gorgeous golf courses has led to the nickname the “Costa del Golf”. These aren’t just simple pitch and putt golf courses. Many of the golf courses built or being built are Championship-quality.
Property in Marbella is the most expensive in the Golden Triangle. This has been the case for decades and remains true today thanks to the allure of the resort town. Towns such as Puerto Banus and La Zagaleta remain top destination for expats and holidaymakers.
Summary of Real Estate in Marbella Golden Triangle
According to the Physis Spanish Property Index™:
- The average price by square metre for the Marbella Golden Triangle is €2,442, an increase of 1.99% compared to the past 12 months
- The average price for properties in the Marbella Golden Triangle is €876,786 € based on the entire Physis Realty™ property stock
Average Prices in the Marbella Golden Triangle
Relocating to the Marbella Golden Triangle
Marbella is the most well-known of the towns in the Golden Triangle. It grew in prominence in the 1950s and throughout the rest of the decade and through the 1970s, other resort areas around Marbella grew up. The buildup of the region was sparked by Prince Alfonso, who hired architects from around the world to design and develop the region, including the World Famous Marbella Club.
Expats and locals alike are looking toward the region to purchase a second home or make property investments. These investments are either to renovate an existing property and flip; or to let out the apartment/villa to holidaymakers. The area is incredibly attractive to tourists. The demand for a Marbella Golden Triangle vacation is high and once travel restrictions are lifted, the demand will only increase.
The Golden Triangle offers prestige and luxury to travelers and expats seeking a new lifestyle away from their home nations. There is also a peaceful nature of the area. You are never too far from the sea, mountains, and forests of the Costa del Sol when living or staying within the Marbella Golden Triangle.
Marbella Golden Triangle Lifestyle
The western portion of the Costa del Sol is the most affluent areas. The area includes Marbella, Estepona, and Benahavis, and an exclusive address is on offer for buyers or renters. The Golden Triangle welcomes millionaires, celebrities, and film stars from the world over. Along with luxury properties, you will find incredible restaurants, cafes, bars, and the nightlife is perfect for anyone seeking fun after dark.
In the case of expats seeking a Marbella Golden Triangle property, they are not just seeking a new home, but a lifestyle change. The events of the last 18 months (and continuing) have influenced people to chase their dreams.
The desire to move to warmer, sunnier climates, and live the lifestyle a person has always dreamed of has never been higher. The dream of Spanish living will keep property prices in the Marbella Golden Triangle higher than the area’s average for the foreseeable future.