PUBLISHED BY PANORAMA, MARBELLA’S LONGEST ESTABLISHED REAL ESTATE AGENCY
Property Market Report 2024-2025
Marbella of the 1970’s Buyer’s and Seller’s guides
100 of Marbella’s most elegant homes
Panorama Sales Office next to the reception of the Nobu Hotel at Puente Romano
Panorama Headquarters opposite the Marbella Club Hotel (upper level, private client parking)
As the mayor of our city, I am very pleased to address the readers of ‘Marbella Property Magazine’ once again. This magazine, published by the real estate agency Panorama Properties, has become a benchmark in our city. Marbella offers all the assurances needed to attract investments, an area in which the Clover family has excelled. They have been involved in real estate since 1904 in the United States and have been based in our city since 1970 with their company Panorama, the longest established real estate agency in the municipality.
I want to extend my thanks once again to Christopher Clover and his children, Alex and Katinka. For decades, they and their team have continuously contributed to promoting and developing Marbella. Quality and excellence are hallmarks of our city, and agencies like Panorama are essential in maintaining this image, drawing more people to visit, live, telework, or invest here.
At Marbella City Council, we are committed to implementing all necessary actions to stand out as a premier destination, thanks to our unique complementary offerings and first-class services and facilities. This has solidified our position as one of the world’s most important tourist cities. It is worth noting that our municipality has been chosen as the best European destination to visit in 2024 by the prestigious platform European Best Destinations.
We continue to make significant progress in key areas such as urban planning and the future development of our city. Last May, a new version of Marbella’s General Urban Plan (PGOM) was approved, featuring a major innovation: expanding the potential uses of rural land for strategic projects and adding an additional 1 percent of urban land, which totals more than 50 million square meters. This aims to simplify and diversify land use, enabling large-scale projects like universities, sports complexes, social and educational
Ángeles Muñoz, Mayor of Marbella
facilities, and hotel infrastructures. We anticipate the final approval by mid-2025, making it the first plan in the region to adapt to the Andalusian Territorial Sustainability Promotion Law (LISTA).
Simultaneously, we are advancing the Urban Planning Plan (POU), which promotes a more sustainable city with better housing access, job creation, and significant improvements in facilities, infrastructure, and economic and tourist activities, which are the main drivers of our city. Additionally, the Municipal Housing Plan is being developed, projecting an investment of over 82 million euros in the next five years for the construction of 3,850 homes, 700 of which will be public housing.
This journey will transform our city, and we are eager to continue this path alongside businesses, entrepreneurs, residents, and investors, ensuring that Marbella remains a leading, prosperous, and high-quality destination. We are deeply grateful to everyone who makes this possible.
Marbella’s Finest Properties
Branded Residences
Puente Romano
Golden Mile Properties
Nueva Andalucía & P. Banús
San Pedro, Guadalmina & Casasola
The Marbella Property Magazine is brought to you by Panorama, Marbella’s longest established real estate agency.
Published by Panorama Properties S.L.
Editor-in-Chief: Cheryl Gatward
Editors: Christopher Clover, Katinka Clover
Design, Layout & Production: Next Idea S.L.
Professional Photography: Charly Simon, Kevin Horn, Pedro Jaén, Daniel Posner, Sophie Gatward-Wicks, MiMove, Ignacio de Salas, Alfredo Mardo
Front Cover Image: Charly Simon
Contributors: Christopher Clover, Alex Clover, Carolina Alaniz, Lorena Alaniz, Alfonso Muñoz
Advertising enquiries: Katinka Clover, Tel: (+34) 952 774 266
Fecha de Publicación: septiembre 2024
Domicilio Social: Edif. Centro Expo, Blvd. Alfonso de Hohenlohe, s/n 29602 Marbella, Málaga, España
Depósito Legal: MA-4432004
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By Christopher Clover
The residential property market in the Marbella area is undergoing a fundamental evolution that began with an unprecedented boom of sales activity just after the pandemic. The bar has been raised across all aspects of our real estate industry and service & hospitality sectors to unseen levels, and it’s staying there.
Marbella is now a consolidated ultra-luxury destination
Construction qualities and architectural designs that once seemed reserved for a few choice resort cities in the world have now become commonplace in the Marbella area. The quality of food, service and worldclass décor in top-end restaurants is equal to the best in the world, the category of shops and brands that adorn the local streets and neighbourhoods, and the stars that line-up at local musical events lend a lustre
and grandeur to the Marbella area to which new and old residents alike have quickly become accustomed.
There are few places like Marbella that have ever entered into the “ivy league” of true ultra-luxury resort destinations. In the hearts and minds of the most affluent classes on the planet, this new level of omnipresent ultra-luxury is what makes Marbella even more suitable for year-round living than it already was to them as a holiday destination.
Individuals and families of extraordinary wealth are spending more and more time in Marbella, and finding themselves increasingly among their circle. And this is what makes this new era of Marbella’s evolution so special. “Hot spots” show up every now and then, but few destinations in the world can really claim to be a consolidated ultra-prime residential resort destination. Marbella is indeed in good company.
The residential property market in the Marbella area is undergoing a fundamental evolution that began with an unprecedented boom of sales activity just after the pandemic. The bar has been raised across all aspects of our real estate industry and service & hospitality sectors to unseen levels, and it’s staying there.
Marbella’s global recognition as a truly top-tier destination
It’s not just something tangibly in the air to residents and visitors: Marbella is recognised as being in the highest echelon of luxury destinations by its receipt of the most prestigious accolades, such as the coveted European Best Destination award in 2022 for being the most prestigious and exclusive destination in Europe, an award given by the most visited website dedicated to travel and culture in Europe, as well as winning the second prize that year for the Best Overall Destination, beating the likes of Monte Carlo, Gstaad, Capri and Madeira.1
And in 2024, European Best Destinations awarded Marbella the top prize of Best Overall Destination. The
importance of this award, resulting from the votes of more than one million seasoned travelers, cannot be underestimated. Everyone is now talking about Marbella. The town has also been recognised for its pristine beaches, having been awarded 11 Blue Flags in 2024 (two more than last year) – the most in Andalucía. This achievement underscores the high quality of Marbella’s coast and places it at the forefront of European ‘sun and beach’ destinations.
Not only has Marbella achieved world-wide recognition as a 5-star resort destination and a pioneer city in “residential tourism”, the “low season” of the winter months has virtually ceased to exist. This has always
In 2024, European Best Destinations awarded Marbella the top prize of “Best Overall Destination”. 1. European Best Destinations
Property MARKET REPORT 2024-2025
Property MARKET REPORT 2023-2024
Awarded “Best Iconic Hotel” by Condé Nast Traveler in July 2024, the Marbella Club has maintained it’s iconic status for the last 70 years
new and established hotels and restaurants are thriving
The most emblematic, landmark hotel in Marbella, the Marbella Club, started life as the Hohenlohe family’s beachfront Mediterranean hideaway on the Golden Mile, Finca Santa Margarita in 1946, and was re-born as the Marbella Club Hotel in 1954. It was from there that the Marbella we know today was founded.
In addition to the magnificent anniversary celebrations that took place at the hotel in the last weekend of April, the month of June saw the celebration of what would have been Prince Alfonso von Hohenlohe’s 100th birthday.
The hotel has always maintained its iconic status among celebrities and personalities since those first heady days and continues to be the central point of reference for the luxury Marbella lifestyle. It was recently awarded two Michelin Keys, the most recent distinction (for hotels) of the Michelin Guide and also recognised as “the most emblematic hotel in the area”.
Condé Nast agreed with this recognition and in
July awarded the hotel the Condé Nast Traveler España Award 2024 for the Best Iconic Hotel
It’s sister hotel, the Puente Romano Beach Resort also continues to grow in status and luxury offerings, and is now recognised as a culinary landmark on the coast. Home to more than 20 restaurants and bars, including the world-renowned restaurants Cipriani, Gaia, Coya and Nobu it has become the quintessential location for Marbella dining and nightlife.
The latest famous restaurant to grace the already sublime offering is the iconic El Pimpi Bodega & Restaurant – part of the historic Pimpi wineries established in Málaga in 1971. The opening celebration in May, 2024 was led by Antonio Banderas, part owner of the restaurant specialising in a traditional Andalusian cuisine, who gave an emotional speech highlighting the significance of the city where his daughter was born and his enthusiasm for the second restaurant of the El Pimpi chain to be opened.
Almost one third of Marbella’s registered inhabitants are foreigners from 153 countries (of the 195 recognised countries in the world).
been the full potential of Marbella, and the reason Panorama opened its agency here in 1970.
Marbella’s updated census data from January 2024 of 165,871 registered inhabitants, of which almost a third are foreigners from 153 countries (of the 195 recognised countries in the world),2 reflecting its dynamic demographic evolution and cosmopolitan character. However, to this registered population one must add the “floating population” comprised of tourists staying in their own homes and visiting hotels, which in the winter months alone, adds another 100,000 people to make around 265,000 inhabitants off season, expanding to at least three times that figure in the summer months.
With so much investment on all levels, Marbella has become a very wealthy city. Yet, an important part of the real wealth of Marbella is not just material, but a
result of the innumerable different types of lifestyles available, and especially the outstanding example (among many notable failures in Europe) of a multicultural society where so many people from so many different nationalities are living together in harmony, with mutual respect for each other.
Additionally, Marbella’s location, right at the southern tip of Europe, offering Europe’s best climate and far away from the present and potential problems of Europe’s big cities, makes this area a “safe haven” not only for investment, but especially for peaceful living.
An address in Marbella has always been a symbol of international prestige, today more so than ever before. As our Mayor, Ángeles Muñoz, recently stated, “Marbella distinguishes itself from other resort destinations by offering a one-of-a-kind blend of world-class hotels, residential properties, services and facilities, solidifying our position as one of the most significant resort cities in the world.”
Quality tourism is not only important for the wealth it brings to Marbella, but has always been the first step to introducing people to the area, many of whom later
2. Sur in English: “This is the Costa del Sol town that is home to people of 153 different nationalities”, January 24, 2024
An address in Marbella has always been a symbol of international prestige, today more so than ever before.
decide to buy properties. It is an integral part of the model of residential tourism of which Marbella has been a pioneer since the mid-50s. A brief analysis of the market in tourism is therefore essential as a part of any property market report.
In 2023, Spain received more than 85 million tourists, its best year for tourism ever, 2% more than the prepandemic year of 2019. And up to the end of May, 2024 the number of tourists increased by 13.6% compared to the same period of 2023, to around 33 million. The National Institute of Statistics confirms that the United Kingdom continues to be the main source of arrivals with over 4.4 million people recorded, followed by Germany with 3.18 million and France just behind on 3.14 million. The Belgian market has seen a growth of 25% and the United States at nearly 15% so far in 2024.
Tourism Minister, Jodri Hereu, said: “The results for the first months of the year are a record as international tourists enjoy a range of innovative offers.” 3
Marbella reached record tourist levels last year and is continuing to break records this year. 4 The whole Costa del Sol also celebrated 2023 as “the best tourist year” in its history, with 14 million tourists, marking a 9.4% increase over 2022 and surpassing the previous record set in 2019 5. 2024 is continuing to set records with an 18% increase in the first four months of the year, compared with 2023. This growth occurred despite January and February being typically lower-activity months and unmet expectations for Easter. The total of 8,010,003 overnight stays in hotels and legally authorised tourist accommodations indicates the virtual disappearance of seasonality in the market, with tourist visits now spread more evenly throughout the year. And in June, 2024 hotels on the Costa del Sol achieved an 87.8% occupancy rate, and expect a 90% occupancy in July up from 84.6% in 2023, with August even higher6
Over the last year, Marbella has seen an increase in luxury tourism from Middle Eastern and North American visitors, interested in both exclusive accommodations and prime real estate. Visitors aged 35-50 from the US, Canada, and the Middle East are renting and buying high-end properties. North Americans are drawn to Spain, with Marbella becoming a hot spot for its quality of life, gastronomy and golf courses. The local government has partnered with Virtuoso (a major US luxury travel platform) to specifically attract this market, highlighted by events like the Solheim Cup.
Middle Eastern tourists from the UAE, Saudi Arabia, Qatar and Kuwait are also returning to Marbella with a 10% increase in 2023. The city has promoted itself in these markets with the help of the Spanish Luxury Association7
3. The Olive Press: “Tourism Continues to Boom in Spain”, June 3, 2024
4. Cadena Sur: “Marbella bate un nuevo récord turístico...”, April 28, 2024
5. La Opinión de Málaga: “La Costa del Sol cierra 2023 como “el mejor año turístico” de su historia”, January 4, 2024
6. Sur in English: “Costa del Sol and Malaga hotels forecast a bumper summer...”, July 1, 2024
7. Diario Sur: “Aumenta la demanda de turistas árabes y norteamericanos en el sector del lujo en Marbella”, January 2, 2024
Málaga Airport breaks all records
From January to June 2024, Málaga airport saw an increase in passengers of one and a half million more than in the same period last year and has exceeded for the first time the barrier of eleven million passengers in six months, almost touching the 11.5 million mark, who have travelled on 80,788 flights.8
VIP services being offered at the airport
The airport is meeting the demands of the international travelling elite with the introduction of a new luxury service that includes separate check-in without queues and private security checks. Travelers will be picked up from their hotels, have their luggage handled by staff, and be escorted to a private lounge, before being directly transferred to the aircraft. This service, provided by Ambaar, will be located in Terminal 3 and will cater to both departing and arriving passengers.9
In just 70 years since the opening of the Marbella Club in 1954, Marbella has evolved from a quiet,
charming coastal village with agriculture and mining as its principle industries and a population of less than 10,000 inhabitants, to being among the 20 preferred residential and investment destinations on the planet.10
The popularity of Marbella is not just among the most affluent. This amazing community attracts people from all fields and all parts of the world, including those who want to work remotely. And for these, the Spanish Government is now granting a “Digital Nomad Visa” with potentially significant tax advantages, along with many other types of visas.
Marbella is also attractive to a great number of retired, or semi-retired, people who spend all or part of the year here, as well as those who have decided to move permanently to the area and open businesses here.11
And even artists are drawn to Marbella not only for the unique lifestyle but for the quality of the light and the magic of the Andalusian people and countryside.
But Marbella is not for everyone, as there are so many wonderful destinations around Spain and Europe and further abroad with different qualities and unique characteristics, and this is as it should be.
From January to June 2024, Málaga airport gained one and a half million more passengers than in the same period last year
The extraordinary phenomenon that has been the “normalising” of Marbella as an ultra-luxury resort has been evident, perhaps more than in any other sphere, in the local real estate market. The strong demand for large, modern and impeccable villas in prime Marbella areas has led the demand across all real estate price ranges.
Sales figures for 2023 were impressively strong: nationally, 12.3% higher than the pre-pandemic year of 2019 and locally, 24.55% higher. The spike in sales
in 2022 broke all previous records, both locally as well as nationally, and was clearly due to the pent-up demand created by the Covid restrictions.
The two charts below give a great illustration of not only the number of sales since 2007 on a national and local level, but also of the housing supply shortage both nationally and locally: just compare the number of new homes built in 2007 (over 300,000) compared with those built last year (slightly over 60,000).
In the Golden triangle of Marbella, Estepona and Benahavís, which is considered one market area, the detailed sales figures since 2007 are as follows: Evolution of Sales in Spain since 2007
Evolution of Sales in Marbella, Estepona & Benahavís since 2007
Source: Spanish Ministry of Public Works www.fomento.gob.es
Please note that these statistics only show the number of properties sold each year, as per the title deeds issued at the notaries, and don’t reflect the sales of properties that are under construction or off-plan.
In 2023, 638,591 properties were sold in Spain of which 56,074 were new and 582,517 resale (used). In Marbella, Estepona and Benahavís the total number of sales was 8,243, of which 708 were new and 7,535 resale.
Unfortunately, official statistics simply do not provide all the information which would be helpful in compiling this report, such as the numbers of sales in different price categories, or even purchases off-plan or under construction. In these cases, we have to analyse the market more by tendencies, trends and informal interviews with other local agencies.
Interest rates do not significantly affect the Marbella luxury real estate market
The sharp increases in interest rates in Europe in the fourth quarter of 2022 and continuing into 2023 have finally begun to level off as inflation gradually comes under control. In June, 2024 the ECB lowered the three key interest rates by 25 basis points in line with expectations, marking a shift from nine months of
Less than 10% of purchases are made with mortgages in Marbella’s luxury end of the market – which we define as those properties with selling prices in excess of €2,000,000
stable rates, after inflation declined by more than 2.5 percentage points since September 2023.
But while the relatively high interest rates made buying homes more expensive for those requiring mortgages, it is interesting to note that, less than 10% of property purchases are made with mortgage loans in Marbella’s luxury end of the market – which we define as those properties with selling prices in excess of €2,000,000.
Moving on to the first months of 2024, below is a graph of the first quarter sales figures in Marbella, Estepona and Benahavís compared with prior years’,
Marbella Property MARKET REPORT 2024-2025
Marbella
MARKET REPORT 2023-2024
So far in 2024, and with respect to the sale of properties in the luxury end of the markets priced over €2 million, the numbers are stronger than in 2023 in accordance with Panorama’s own statistics and reports from other agents
where the sales in the first quarter of 2024 still exceed those of the pre-pandemic year of 2019 by 19.47%, clear evidence of the continuing historically strong market.
Nationally, the number of properties purchased by foreigners in the first quarter of 2024 was the third highest in history.12 In fact, so far in 2024, and with respect to the sale of properties in the luxury end of the market priced over €2 million, the numbers are stronger than in 2023 in accordance with Panorama’s own statistics and reports from other agents specialising in luxury properties.
Asking prices in all categories in Marbella have risen, on average, by 13.7% between June 2023 and June
2024, reaching a new all-time high of € 4.812/m2 –more than double the average asking price per square metre of 10 years ago, according to the most important Spanish real estate portal, Idealista.13 Although this figure does not represent real sales prices, it is an excellent orientation with respect to what the increase in real sales prices will have been on average in Marbella.
A study performed by Idealista for Panorama found that the stock of properties for sale in Marbella dropped yet again on average by 9.03% from the second quarter of 2023 to the second quarter of 2024, and up to almost 18% in East Marbella.
Clearly, and in accordance with the laws of supply and demand, a diminishing stock of properties coupled with an increasing strong demand always leads to an increase in asking and selling prices.
in Marbella in 2024, broken down to price per square metre
Nothing is better for price analysis than real selling prices. In the charts opposite we have included real sales prices per square metre of a mix of typical properties sold by Panorama in different areas of Marbella in the first half of 2024.
12. Spanish Property Insight: “Q1 2024: Foreign demand close to record levels”, June 22, 2024 13. Idealista: “Evolución del precio de la vivienda en venta en Marbella”, June 2024
MARKET REPORT 2023-2024
A SAMPLE OF APARTMENTS SOLD IN DIFFERENT RESIDENTIAL AREAS IN 2024
A SAMPLE OF TOWNHOUSES SOLD IN DIFFERENT RESIDENTIAL AREAS IN 2024
Basement: 60% Garage: 30% Porches: 50% Terraces: 20% Solarium: 10%
2023-2024 Marbella Property MARKET REPORT 2024-2025
A SAMPLE OF VILLAS SOLD IN DIFFERENT RESIDENTIAL AREAS IN 2024
Basement: 60% Garage: 30% Porches: 50% Terraces: 20%
A SAMPLE OF APARTMENTS SOLD IN PUENTE ROMANO, GOLDEN MILE IN 2024
Notwithstanding the enormous price increases of the past years, there is hard evidence that Marbella’s prices, even at today’s levels, remain very competitive. Of the 50 most costly municipalities in Spain, Marbella is only number six on the list, which is headed by Sant Josep de Sa Talaia in Ibiza, at €6,295/m2. Globally, Marbella moved from 16th place in 2022 to 13th place in 2023, just ahead of Mallorca and Vancouver, as quoted in the Knight Frank 2024 Wealth Report, with Monaco leading as the most expensive city to buy prime property in the world, at an average sales price of over €58,000 per square metre.14
As a general rule of thumb, prices for new or refurbished luxury apartments in the Marbella area start at €6,000/m2 and go up to over €30,000/m2 in the most sought-after beachfront areas of the Golden Mile, sometimes even higher in the case of certain unique properties. Prices for new or refurbished villas, start in the region of €8,000/m2 and go up to €14,000/m2
According to an article published by the Bank of Spain, “due to the scarcity of new construction, the high
costs of construction materials and the favourable financial situation of the different buyers in the market, the price of housing will continue to demonstrate resistance to decrease, in spite of the other variables in the residential market, such as sales volume or the number of properties approved for construction.” With the beginning of the reduction in interest rates, this tendency will no doubt accelerate.15
Panorama has seen the real estate market in Marbella evolve over the last 54 years – since we opened our first office here in 1970. Marbella’s growth trajectory has continued on a sharp upward curve ever since the 1960s. Marbella might now be the 6th most expensive municipality in Spain,16 but it’s still very good value compared to other top resorts. Properties in Marbella provide more physical space, either in land area if we consider single family homes, or built area with respect to apartments and townhouses, compared to many of the world’s leading luxury markets.17
Verbier Switzerland
Saint-Tropez France
Ibiza Spain
Bahamas Bahamas
Chamonix-Mont-Blanc France
Quinta do Lago Portugal
Lake Como Italy
Marbella Spain
Barcelona Spain
Provençe Italy
Barbados Barbados
Cabo City
Phuket South Africa Thailand
14. Knight Frank: “The Wealth Report, 2024”
15. Banco de España: Boletín Económico
16. Sur in English: “Malaga province records fourth highest increase in housing prices in Spain”, May 29, 2024
17. Idealista: “Los m2 ‘prime’ que puedes comprar con un millón”, March 8, 2024
Resale asking prices sometimes overly-optimistic
In part because of the historical lack of reliable statistics in Spain with respect to real sales prices and the increase in prices over the last years, added to the fact that the market is clearly a “seller’s market”, we are beginning to see some owners place their properties for sale at prices which are overly optimistic, especially in the higher price ranges. Some have gone too far, pricing their properties at a level that doesn’t even entice viewings. Consequently, these properties sometimes don’t even reach the market place. When this happens it always corrects itself with time: those asking too much have to accept the reality that although the market is good, it’s not what they had hoped it would be! The key for a buyer to understand real market value is to work with an agent who has the professional experience to be able to demonstrate real selling prices per square metre of comparable properties, which is the only viable manner of determining current market value.
British, Dutch, and Swedish nationals are the top foreign buyers of homes in the province of Málaga, contributing to a third of all property acquisitions in the area. British buyers lead with 15%, followed by Dutch and Swedish buyers at 8% each. The demand from international buyers in the province of Málaga, representing 33.7% of the total number of properties sold in 2023, continues to significantly influence property prices.18
Panorama’s own sales in the Marbella area over the last three years have been to clients of 45 different nationalities, with the following percentages:
United Kingdom: 18.58% USA 3.35%
Sweden: 10.78% Denmark 2.97%
The Netherlands: 8.5% France 2.97%
Spain: 6.69%
Ireland 2.97%
Belgium: 6.32% Poland 2.97%
Germany: 5.95%
Russia 2.97%
Contrary to initial expectations following Brexit, British residential tourists continue to buy properties on the Costa del Sol, particularly in the luxury market
33 other nationalities comprise the remaining 25% of the nationalities buying properties through Panorama. British investment in Marbella’s real estate sector has grown by an average of 20% over the past two years. Contrary to initial expectations following Brexit, British residential tourists continue to buy properties on the Costa del Sol, particularly in the luxury market. Despite economic challenges, confidence in the Spanish real estate market remains high. According to Marc Pritchard, Sales and Marketing Director at
18. La Opinión de Málaga: “Británicos, neerlandeses y suecos lideran la compra extranjera de vivienda...”, April 9, 2024 19. Anuario Registradores Andalucía: “Anuario, 2023 - page 81”
Taylor Wimpey Spain, there has been resilient demand for quality living in Spain, especially in golf-related properties.20
In an interview with Idealista, Alfredo Milá, CEO and founder of Sonneil Homes, noted that International buyers, particularly Polish, have increased their presence significantly, while the activity of Ukrainian buyers has normalised, and Czech buyers are emerging for the first time in the market.21
The well-known Spanish economist Gonzalo Bernardos predicts a spectacular boom in the Spanish real estate market beginning in mid-2024.
During a recent presentation in Valencia, Bernardos emphasized the imminent surge in demand, which will significantly impact both the volume of business and prices. Key factors driving this positive trend include a shortage of new constructions, lowering-interest rates, increased bank lending, a growing foreign population in need of housing, a shift from renting to buying, and a favourable economic environment.
Unlike previous booms, Bernardos assures there is
“The best time to buy real estate in Marbella was yesterday, and the next best time is today”
no risk of a new housing bubble due to the different conditions now. “Banks have more deposits than loans. They do not need financing from abroad, which is why the number of loans will increase. The market is full, there is no danger. The demand from foreigners is like never before. There is job creation and salary increases. It is the perfect time for the real estate business.”22
Carlos Almeidos of CBRE joins Bernardos along with Elayo Barroso, national director of Savills Research, and many other leading professionals in their belief that the market evolution evidences that now is an excellent time to buy real estate in Spain.23
This statement sums up the general sentiment of urgency and optimism about purchasing property now.
There is a general sentiment of urgency and optimism about purchasing property now.
Long-term rental prices in Marbella have continued to increase significantly throughout the municipality and across all price ranges, and properties available for long-term rental are extremely difficult to find. Many owners that used to rent on a long-term basis have decided to take advantage of a booming short-term rental market, and this, coupled with a chronic lack of supply, is pushing the prices ever higher.
The average price of a relatively simple, well-furnished two-bedroom apartment in a good location in Marbella is between €1,400 and €3,000 per month, and there are no signs of this tendency abating due to the consistent demand. The basic minimum salary in Spain is now around €1,300 per month, hence many properties are unaffordable to much of the working population, in particular, young people. This is driving workers to rent property further afield, and people commuting to work in Marbella sometimes from 30 minutes away, or more, is now a common phenomenon amongst much of the local work force. The long-term rental market share is composed of a
number of different demographics: the classic tenant employees such as civil servants, office, shop and hospitality staff. Then we have the well-established “leisure-year” international clients with good budgets looking to bask in the year-round sun. Also, the rise of international business commuters and digital nomads who can work from any location. Then there are families of all income types coming to settle in the area, some to work, some to enjoy life, many of whom eventually will buy.
According to statistics from Idealista, long-term rental prices per square metre in the Golden Mile and Nagüeles now stand at 19,2€/m2 per month, representing an increase of 10.3% from the square metre price of 2023. Other areas such as Nueva Andalucía and Los Monteros in east Marbella are now averaging 18,4€/m2 and 16,7€/m2 respectively showing an increase of 11.1% with respect to 2023
Marbella has experienced its own metamorphosis from a timid rental market with ample supply pre-2000, to a market running along the lines of Madrid or Barcelona due to a soaring demand against a decreasing supply of long-term rental properties.
With the Regional Government’s (Junta de Andalucía) new modifications to Decreto 28/2016, dated 2 February 2016, which regulates dwellings for tourist use (Decreto 31/2024 dated 29 January 2024), a whole new series of requirements have been established with the aim of professionalising short-term rentals. These are defined (among many other qualifying factors) as rentals of properties of less than two months’ duration, on a regular basis and for touristic use.
While the prior VFT authorisation number from the regional government remains valid, the designation has been changed to VUT (Vivienda de Uso Turístico or residence used for touristic purposes).
From 22 February 2024, with the entry into force of the new Decree, owners of tourist accommodation are obliged, among other things, to provide users with a 24-hour telephone number to immediately attend to and resolve any query or incident relating to the accommodation.
Before August 22, 2024, the following requirements must be met:
If the management of the touristic rentals of the property is carried out by an operating company, called an “empresa explotadora,” in place of the owner himself, this management company must be registered with the Tourism Registry of Andalucía by 22 August. This entity must take the full legal responsibility in front of the Regional Government for fulfilling the requirements of the VUT law and managing the rental.
Whether managed by the owner himself or the operating company, these responsibilities include:
- ensuring the registration of the touristic property and tenants with the Police,
- proper equipment, furniture and fittings of the property, according to the new law requirements
- the handling of all bookings, key delivery, checkin and check-out, 24-hour emergency contact with the property manager, cleaning services if offered, repairs and breakdowns, invoicing, etc.
The “operating companies” are much closer to the hospitality industry in their nature than normal real estate agents, although real estate agents can also register as the responsible party provided they comply with all provisions of the law and that their company statutes allow them to carry out this specific activity.
Real estate agents can continue introducing tenants to owners or to the management agency, if one has been designated by the owner, without declaring themselves as the responsible party, but real estate agents can no longer assume the role of managing the short-term rental itself without this declaration.
Marbella has experienced its own metamorphosis from a timid and easily-handled rental market pre2000, to a market running along the lines of Madrid or Barcelona
The exact periods in which the property will be available for short-term rental must be specified in advance through an automated, electronic-only procedure. Advertising and availability must be adjusted in accordance with the periods that have been communicated. Additionally, tourist rentals cannot be conducted outside these stated periods.
The number of bedrooms, bathrooms and maximum guests (occupants) must also be communicated.
By 22 February 2025, new requirements for compliance with air-conditioning, kitchen, and bedrooms must be met:
Provide air-conditioning and heating during the declared available period.
Kitchens must be equipped as specified in the Annex to the Decree, including the following, among others: selective waste separation, smoke detector or fire extinguisher.
Comply with new requirements for bedrooms, such as the dimensions of beds and mattresses, light points, wardrobes, and provide extra sets of bed linen.
Finally, owners who have not registered their property and wish to rent it for short-term periods for tourist use must register with the Tourism Registry of Andalucía and comply with all of the requirements of the Decree from that point forward.
Properties that are not registered with the Regional Government for short-term rentals (referred to as clandestine properties) or which are not fully compliant with the new requirements are subject to cancellation procedures and serious fines, up to €18,000 and in some cases, more.
The new law requires careful study, and property owners who are not yet in compliance should seek professional assistance.
There are 6,991 tourist residences currently registered in Marbella, representing 6.9% of the total of 101,318 homes in the municipality, compared to 41,038 in the
whole province of Málaga, and 340,424 in all of Spain, according to the National Statistics Institute. Marbella is the fourth city in Spain in number of tourist residences, behind Madrid, Barcelona and Málaga City.24
Properties which are not registered with the Regional Government for short-term rentals, or which are not fully in compliance with the new requirements are subject to cancellation procedure and serious fines, up to €18,000 and in some cases, more.
MARKET REPORT 2023-2024
Municipal governments can limit or prohibit shortterm touristic rentals, although unlikely for now in Marbella
In many large cities in Spain and touristic hot spots around Europe, long-term residents are being driven out of the most popular areas due to the sheer number of properties that are being made available as short-term touristic rentals with the promise of good income potential. As such, under the new law, municipal governments have been given an important role under the new regulations and have the authority to limit or even prohibit touristic residences in certain neighbourhoods they consider necessary to protect the public interest.
In this respect Marbella is viewed as an area which is less “stressed” compared with the many large city centres in the rest of Spain and the world: in Marbella only 6% of the properties for short-term rent are located in the centre of the city.
According to the Mayoress “the pool of short-term rentals consists mostly of properties rented to highnet-worth visitors.” This, coupled with the fact that most of the short-term rental properties are owned by foreigners who return to use the properties themselves
for the rest of the year, is the reason why Marbella has fewer problems compared with the big cities.25
Notwithstanding the above, the Town Hall has ordered a new study by the University of Málaga, to supplement the study performed in 2018, to analyse if there are any factors in touristic rentals which cause market disequilibrium or irregularities in Marbella.26
The national government has also announced plans to create another registry of touristic residences to be able to impose its own criteria on these properties.27
The trend towards regulating short-term rentals seems unstoppable and is happening throughout Europe with new similar laws being considered by the European Union. With what may well be four levels of government (local, regional, national and EU) involved in controlling touristic residences in Spain, this is good news for short term rental tenants, requiring an overall professionalism and guarantee of quality of the sector and any problems involving touristic rentals will get weeded out quickly. But it does mean that property owners or investors that have short-term rental properties are facing additional red tape in order to properly comply with the law.
25. La Voz del Sur: “Los ayuntamientos ya pueden limitar los pisos turísticos...”, January 29, 2024
26. Diario Sur: “Marbella estudia la singularidad de sus viviendas turísticas para regularlas”, July 3, 2024
27. Demócrata: “El Gobierno se mueve para controlar alquileres turísticos...”, July 2, 2024
The Marbella City Council reported record-breaking economic figures for 2023, with over 80,000 contributors to Social Security and the lowest unemployment rates in its history. Alejandro Freijo, the advisor responsible for Employment, Economic Development and SMEs, highlighted that the city not only recovered to pre-pandemic levels but also exceeded expectations. “Marbella has achieved the best results since December 2007 and has managed to reduce unemployment by 28 % over the last six years.” Other key achievements include an increase in the number of self-employed individuals to 14,339400 more than 2022 and 1,300 more than before the pandemic.28
The Marbella City Council reported a 40% increase in the issuance of urban planning reports during the first four months of 2024 compared to the same period in
2023. Between January and April, the city had already issued half the total number of reports generated in all of 2023, which amounted to 5,779.
Mayor Ángeles Muñoz highlighted this increase during the signing of an addendum to an agreement with the Málaga College of Architects. The agreement, initially reached in 2019, aims to expedite the processing of building permits in accordance with the Andalusian Law for Territorial Sustainability (Lista). The agreement will alleviate the bottle neck and ensure that all submitted documentation complies with legal standards, allowing for quicker approval of permits for various types of buildings. Muñoz believes this streamlined process benefits those looking to build in Marbella by reducing waiting times for project approvals.29
The increased workload has prompted the local government to improve citizen services with more resources. A new information and advisory office, operational since November last year, handles inperson, online, and phone inquiries. This office has four technicians and three administrative staff, significantly increasing its capacity to respond to residents.
28. Diario Sur: “Marbella registra los datos más bajos de desempleo de su historia...”, January 8, 2024
29. La Opinión de Málaga: “Suben un 40% los informes urbanísticos en Marbella entre enero y abril”, May 4, 2024
It has recently been announced that the time to process building licenses has been reduced to only four months, a vast improvement over the year, or more, wait which had been prevalent in past years.
Users can inquire about land classification, property status, urban planning regulations, and license processing. This initiative complements previous measures to streamline urban planning, including the introduction of responsible declarations and faster processing of minor permits. To this end it has recently been announced that the time to process building licenses has been reduced to only four months, a vast improvement over the year, or more, wait which had been prevalent in past years.30
As more and more investors are coming to Marbella each year, the city foresees an investment of over €800 million in major construction licenses this year. The Mayor declared that municipal revenues from the Construction, Installations, and Works Tax (ICIO) are expected to exceed €32 million in 2024, an increase of six million from the previous year.31
The municipal budget for Marbella in 2024 has increased by 10%, with projected revenues of €373 million. This growth is driven by higher property taxes, real estate transaction taxes, and construction permits.
The budget, which does not rely on loans, reflects the city’s economic dynamism and commitment to investments and social policies.32
Future budget plans allow for more growth
Marbella plans to increase its budget by €10 million annually until 2027, driven by population growth, the new general plan, and a boost in tourism. This financial strategy aims to cover rising costs and invest in new initiatives and infrastructure.33
Marbella’s official population has grown by 6.7% over the past five years, and according to all sources, the unregistered or “floating” population, even more. This population growth is given primary importance in the context of Marbella’s new General Plan (PGOM), along with emphasis and tools to provide for sustainable growth, applying the newest technology on all levels, and emphasis on the environment. The new plan focuses on Marbella as a “Garden City”, something Marbella has always been and is one of its most distinguishing features, compared with the many concrete jungles which have ruined much of the Mediterranean coastline.
30. Diario Sur: “Estamos dando licencias de obra en cuatro meses, un tiempo razonable”, June 27, 2024
31. Diario Sur: “Marbella prevé una inversión en licencias de obra mayor de más de 800 millones de euros”, February 7, 2024
32. Diario Sur: “El presupuesto municipal de Marbella de 2024 aumenta un 10%..”, November 8, 2023
33. Diario Sur: “Marbella plantea su crecimiento presupuestario a razón de 10 millones de euros más por año...”, March 6, 2024
A key feature of the new plan includes more flexible land usage regulations, allowing for strategic projects that may not fit well within urban areas, to be considered for construction on rustic land.
The new General Plan has been under development since 2019 and was initially approved on March 30, 2023. Final approval is scheduled for 2025, substituting the seriously outdated prior General Plan of 1986. The new plan aims to increase urban land by nearly 13 million square metres compared to the 1986 plan, raising it from 40 million to over 52.5 million square metres, with an additional 1% increase bringing the total to approximately 54 million square metres.
A key feature of the new plan includes more flexible land usage regulations, allowing for strategic projects that may not fit well within urban areas, to be considered for construction on rustic land. This flexibility supports economic development, employment, and wealth generation. Examples of possible projects which might be
considered for building on rustic land include universities, large facilities, sports complexes, social amenities, unique rural hotels and other facilities deemed to be in the public interest.
Marbella’s urban planning follows the new Law for the Sustainability of Andalusia’s Territory (LISTA), which protects valuable rustic land while allowing the use of others for city development.34
It would be naïve to think that rapid growth can continue without parallel attention to improving services and infrastructure, which is one of the major objectives of the new municipal general urban plan.
One of the most important considerations is the traffic along the coastal road, the N-340. There is tremendous pressure from all the political parties in the central government to lift the toll on the AP-7 motorway – one of the few toll roads left in Spain – which will cause an immediate relief of traffic congestion along the entire coastal road.
Although there are obstacles placed by the central government, extreme pressure must be brought to bear not only by the politicians but by individual residents and the private sector. We predict that these efforts will be successful in the next months if enough leadership is provided by the different sectors of society in all of the affected municipalities between Fuengirola and Sotogrande where the current tolls remain in place.
Additionally, the Town Hall is taking urgent steps to add a third lane along the coastal highway between Puerto Banús and San Pedro where traffic congestion is an all too frequent event.
Plenty has been written recently with regards to the necessity for the coastal train, already existing from Málaga to Fuengirola, to extend further to Marbella
34. Diario Sur: “Marbella reduce el suelo rústico y flexibiliza su uso en el nuevo planeamiento urbanístico”, May 29, 2024
MARKET REPORT 2023-2024
The new plan aims to increase urban land by nearly 13 million square metres compared to the 1986 plan, raising it from 40 million to over 52.5 million square metres
and later to Estepona and Algeciras. Marbella is the only city of 160,000 inhabitants in all of Spain (not counting the important floating population) without train service. Even though it could take up to a decade to execute the first phase of this project, support across the political spectrum is reaching extremely high levels, and we have no doubt that planning for the continuing of the coastal railway will be reinstated in a short time.35
Just like any important tourist city, Marbella is not free of crime. Increasing population and tourism has created a need for reinforcement of the police force. To this end, since March of 2024, there is a record number of more than 400 national police agents in Marbella in accordance with the Plan Marbella and
Plan for Secure Tourism. Special, elite forces with an outstanding success record, well trained in certain areas of criminal activity, have also been brought to Marbella. Crime reduced in 2023 by 6.3% compared with the prior year. Hundreds of security cameras are being installed in the area, and a new national police station will be built shortly in San Pedro. According to the Mayor, “Marbella is a city of top-class tourism and consequently requires the best possible security. With our recent reinforcements and investments, we are quickly reaching this objective”.36
Due to little rainfall over the past three years, water restrictions were imposed in Marbella (and most
35. Diario Sur: “Los ingenieros lo tienen claro: un tren entre Málaga y Estepona nuevo y subterráneo es la opción”, June 14, 2024
36. Diario Sur: “Marbella bate récords de policías nacionales y reforzará la seguridad en verano”, April 25, 2024
of Andalucía), in the winter of 2023-2024, ending provisionally on June 1st due, thankfully, to sufficient rainfall during the days prior to Easter. Fortunately, the desalination plant installed by the former mayor, the late Jesus Gil, 30 years ago will double its capacity by autumn this year; many of the old municipal wells have been rehabilitated for usage; and four new wells have been drilled which will supply all of the water necessary for keeping the green zones and parks in Marbella in optimum condition.37 The desalination plant alone will be able to provide 20% of all of the water needs of the entire Costa del Sol when it becomes fully operational. The level of the La Concepción reservoir in the summer of 2024 is greater than June, 2023.
Further steps to amplify the reservoir, as well as other reservoirs along the coast, will have to be taken urgently, as well as the repairs to the distribution system which is up to 50 years old and leaking in certain areas.
37.
38.
However, most coastal towns have already taken urgent measures to install desalination plants of different types, which collectively, along with the increase of the capacity of the reservoirs over time, and other conservation methods such as recycling of waste water, will assure the water supply of Marbella and the whole the Costa del Sol for generations to come.
€348.6 million has already been committed to improve the water supply infrastructure with a multiple of that figure to be anticipated over the next months and years.38
Despite the many problems around the world, confidence in Marbella’s future is at an all-time high. The Marbella property market is undergoing the most interesting and successful periods of its history.
Marbella is in a much stronger position than ever before to deal with any issue that the future might bring, thanks to the substantial wealth generated by its many thousands of residents, tourists and investors on all levels who, together with good local governance, have made Marbella what it is today.
Our conclusions, in analysing the market in depth, are as follows:
The Marbella area and the whole Costa del Sol will continue the real estate boom we have witnessed in the last years, especially since the pandemic, and may well reach record sales numbers. The serious problems around the world appear to even be strengthening the property market on the Costa del Sol in general.
The lack of supply coupled with an increasing demand, will continue to drive prices higher, but the increase in prices in the most expensive areas may be be more moderate.
Prices are still competitive compared to other luxury destinations. Although prices in the ultra-prime
MARKET REPORT 2023-2024
Quality of life is what really matters to us all...and of course, quality properties are an essential ingredient of the formula
areas have risen to record highs Marbella remains competitive and indeed, has become for many people the “must” place to buy a second, or even a third home for regular use.
The Marbella property market’s success includes neighbouring areas. Estepona, Benahavís and other neighbouring municipalities along the whole Costa del Sol, will continue to enjoy an increasingly solid market, not only due to the factors described above, but also due to the outstanding features intrinsic to each of these areas.
Despite the positive evolution of Marbella and the whole Costa del Sol, there remains a lot of work ahead to maintain, preserve and especially improve the quality and sustainability of our environment and the professionalism and quality of our services in the private and public sectors. Our municipal government must set their sights very high and provide us with a level of infrastructure and public services which reach the highest possible quality – equal to the best in the world, and keep them there. The private
sector must also make a significant contribution in its own way, including the professionals in all sectors who live and work in the area.
Quality of life is what really matters to us all, a lesson learned once again during the recent pandemic. Sunshine matters. A friendly and welcoming community matters. A beautiful, well-cared-for environment matters. Great restaurants, year-round events and activities including, music festivals and concerts, sporting competitions, sophisticated nightlife matter. And of course, quality properties are an essential ingredient of the formula. All these special elements combine to give Marbella’s residents and visitors a unique and enviable quality of life and are the reasons for Marbella becoming the highest quality resort destination in Europe.
Copyright © 2024 Panorama Properties S.L – Special thanks to Cheryl Gatward, Alfonso Muñoz, Carolina Alaniz and Alex Clover for their assistance and tireless efforts in putting this report together.
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We are experts at finding quality residential and commercial real estate investment properties in the Marbella area as well as elsewhere in Spain.
As a preface to this story, I would like to provide some insight into why Marbella became so attractive to us in the first place that we decided to open an office here back in 1970.
It was 1946, The Spanish Civil War had ended some seven years before. Marbella was a village with less than 10,000 inhabitants and with a very interesting history. In the middle of the village there was (and remains) an old Moorish Castle dating back to the 9th Century and Roman ruins throughout the municipality. La Concha mountain towered in the background, creating a unique micro-climate, giving Marbella the best weather of any village in Europe.
The larger tracts of land at the time were owned by five families: Juan and Enrique Belón, Juan Lavigne and Juan Lima, all from Marbella, Elviria Tallefer and her husband Salvador Guerrero from Málaga (Elviria was named after her) and Norberto Goizueta from Navarra (the founder of Guadalmina). The land was mostly tended to by tenant farmers. The industry of the time was mostly agriculture, and iron ore and graphite mining.
With the above seed elements, Marbella evolved to become one of the most high profile resort cities on the entire Mediterranean. But not without a lot of help along the way: Torremolinos, and many other towns along the Spanish coast, were beautiful villages then also, and look at what happened to them!
Marbella was then about two hours’ drive from Málaga, along a terrible two-lane coastal road, and Alfonso and his father showed up in an old Rolls Royce with a motor powered by a charcoal burning conversion kit, due to the shortage of gasoline in those post war years. Upon their arrival in Marbella, and while waiting for Uncle Ricardo to return from a fishing trip, they had a picnic lunch under the umbrella pine trees of the beautiful Finca Santa Margarita adjacent to the sea just west of the village. They fell
Marbella’s original promoter was the versatile, multifaceted Spanish aristocrat Ricardo Soriano Sholtz von Hermensdorff, Marquis of Ivanrey who in 1943 purchased a finca called “El Rodeo” measuring 220,000 m2 (22 hectares) from his friend Norberto Goizueto who owned an immense tract of land of 350 hectares in the area. Over the next two years Ricardo built and opened Marbella’s first bungalow hotel in 1945, the Hotel El Rodeo, and enticed his many friends to visit the area. In 1946 he invited his nephew Prince Alfonso von Hohenlohe, and Alfonso’s father Prince Maximilian Egon von Hohenlohe-Langenburg, to see and experience Marbella first hand. Prince Maximilian was a well-known German aristocrat, whose family dated back to the 6th century. His wife, Alfonso’s mother, was the Marquesa de Belvis de las Navas, was equally well-known in Spain. And Alfonso’s godfather was none other than Spain’s King Alfonso XIII. This lineage, coupled with Uncle Ricardo’s pioneering vision for Marbella, made it very easy for Alfonso to follow and continue Ricardo Soriano’s path.
so in love with Marbella, and with this finca especially, that they returned the following year and bought the property.
Alfonso and his father built a beautiful, new home on their land, and encouraged their friends to come and visit them. The original farmhouse of Finca Santa Margarita was converted into a bar-restaurant-social club for those who were living in the area, and in this manner the “Marbella Club” was born. These were the first moments of the awakening of Marbella as a major tourist destination. The original farmhouse has survived up to the present day as the main bar and restaurant.
Through Alfonso, his father, his mother, and his Uncle Ricardo’s contacts, so many people started visiting the area (and the Marbella Club), that many were unable to find accommodation. Such an influx of people made it inevitable that in 1953, Alfonso decided to build a small hotel with 18 rooms adjacent to the converted farmhouse, surrounding a courtyard, much like the motels he had recently seen in the United States. He decided to call it the Marbella Club Hotel. The hotel opened its doors to the public in 1954 and immediately became a magnet for quality tourism. Count Rudi von Schöenberg, a relative of Alfonso, who had recently graduated from the Swiss Hotel Management University in Lausanne, joined Alfonso in 1955 as the hotel’s director, and remains associated with the Marbella Club today (read his wonderful article “The Beginnings of the Marbella Club” on our blog: www.panorama.es).
The wonderful micro-climate of Marbella, its strategic location, the relative ease to get here, and the warmth of its people made Marbella a magnet for those looking for a new, special location for their holidays. Alfonso was certainly not demure in inviting everyone belonging to the jet set of the time to the Costa del Sol’s first luxury hotel and, in no time, Marbella was the “In” place of Europe. By the 1960’s, there were many regular famous visitors to Marbella and the Marbella Club and a large number bought land to build their own homes, sometimes from Alfonso himself. Some of these “big names” included: José Banús, who came to Marbella in 1962 and acquired the land of what is today Puerto Banús and Nueva Andalucía (many called his
vision “crazy” at the time!), Jaime de Mora, Manolo Lapique, Ignacio Coca, the founder of Los Monteros and the Río Real Golf courses, and other big names such as the von Thyssens, Princess von Bismark, the Füstenberg family, Mel Ferrer and Audrey Hepburn, the Duke and Duchess of Windsor, Prince Rainer of Monaco with Grace Kelly, Ava Gardner, Cary Grant, Laurence Olivier, Guy de Rothschild, Terry von Pantz, Deborah Kerr, Jimmy Stewart, Teddy Kennedy, Jean Negelesco, and many others.
Alfonso had successfully taken the seat of his Uncle Ricardo as the prime promoter of Marbella. Marbella had become a “special place for special people”, which was Panorama’s slogan in our early years.
As a result of Alfonso’s promotion, together with that of his many friends who built new homes and developments in the area, the official population surged from 12,156 in 1960 to 29,253 in 1970, but when Panorama arrived here in 1970, there was still a “village feeling” about Marbella, a small town full of interesting and friendly people. The key locations at the time – apart from the Old Town – were the Marbella Club, Puerto Banús, Nueva Andalucía, Los Monteros and Guadalmina; the last three with their respective golf clubs, all of which were built with their owners betting on the future of residential tourism (tourists who own properties and live in them part of the year).
By the late 1960’s, Marbella had most of the ingredients to eventually become a major, quality holiday and residential tourist destination with a 12-month season, rather than simply a summer holiday resort. However, for a town to be open year-round, with enough business for luxury shops, boutiques, restaurants, nightspots, leisure and amusement facilities, a minimum nucleus population in the winter “off-season” was required of around 150,000 inhabitants, between registered residents and the “floating population” of residential tourism.
This figure was not achieved until 1996, when the “offseason” took on a life of its own, transforming Marbella into the only resort city in the Mediterranean Basin with a year-round season. Today there are between 275,000 and 300,000 residents in the low season in Marbella, including the unregistered “floating” population.
The popularity of Marbella had already spread overseas. My father, Bill Clover, a successful real estate broker in Charlottesville, Virginia since 1952 (like his father, B.B. Clover, had been in Chicago since 1904), decided to add to his business by purchasing an international real estate agency in 1968 called Panorama International Ltd, with headquarters in Washington D.C., about a two hours’ drive north of our home in Charlottesville.
A French associate of his at the time, René Frank, suggested that Marbella had become the most important new jet set destination in Europe and that we should seriously consider opening an office there. And so we did, in early 1970, along with offices in Mallorca and Mexico City shortly thereafter, (the latter, headed by my brother Bill). Panorama was the first international real estate agency in Marbella, and the first real estate agency to bring inspection flights to the area.
Bill & Bev Clover, Chris’s father and mother, 1961
The Marbella office was briefly headed by a retired English Captain, Phil Kelly, followed shortly thereafter by G. Bland Hoke, who had worked before in sales in our Washington D.C. office and became a highly successful real estate broker in Jackson Hole, Wyoming. Bland’s principal job, with his sales team of five, was to receive the regular inspection flights of clients sent by Panorama’s D.C. office and start laying the groundwork for listing and selling resale and investment properties.
In February 1973, Bland returned home and my first wife Kirsten and I set off to Marbella for what was only meant to be a year overseas to re-organise the office, but resulted in our staying permanently.
Chris & his first wife, Kirsten, 1973
When we arrived, Marbella was still a small town. To make an international call in those days, one had to book a “slot” through the Málaga operator, and sometimes wait for hours to get a connection. Our trusty secondhand telex machine, with technology dating back to the 1930’s, was our only reliable link to the outside world. Donkeys were still present in the streets as a means of transporting goods, along with a lot of Seat 600s and the box-like Seat 124 sedan. The main two-lane highway to the airport passed through the centers of Fuengirola and Benalmádena Costa, and was known then as the “Highway of Death”. In general terms, the infrastructure was deficient and unreliable, with power cuts sometimes several times a month, with this being somewhat understandable when you look at the population multiplying by two and a half times over the prior decade.
We lived under the dictatorship of Generalísimo Francisco Franco. On Franco’s last trip to Marbella in the spring of 1973, to inaugurate the new Clínica Incosol, as the story goes, he noticed the towers of the Hilton Hotel and the studio-apartment hotel next door (now known as the Hotel Don Carlos), and also the Torre Real, in front of Incosol, and was absolutely horrified, and gave the order that never again should such tall buildings scar the skyline of Marbella, in the manner that had already ruined Torremolinos and Benalmádena Costa.
Franco’s perspective coincided with the low-rise, low-density vision of quality development and growth, already begun by Marbella’s “founders”, starting with Ricardo Soriano himself, who discouraged his friends from building more than one floor homes, and encouraged them to maintain the traditional Andalusian style. This style was followed by Prince Alfonso, José Banús, Norberto Goizueta (the founder of Guadalmina) and others. Franco’s opinion only helped strengthen the local authorities’ will to maintain this tradition, and not one tower building has been built in Marbella since 1973.
It is only due to the strong, lasting influence of these people that Marbella has been able to remain a city with a high level of luxury and quality development, compared to the jungle of concrete to the east of the municipality and most other resort cities along the Mediterranean Coast.
There was only one notary at the time in Marbella, Don Luis Oliver Sacristán. Even when he was younger he seemed an old man to me, with a raucous voice, but he greeted Spaniards and foreigners alike in a warm and friendly manner. When he retired in 1985 he came up to me at a social gathering and said, “Clover, you are the man I want to work with in my retirement!” How honoured I felt by those words from this important member of the community! Shortly thereafter, Don Jaime de Mora said the same thing to me and, in fact, we worked together on several deals.
One of our first adverts, 1970
The delightfully friendly and good-natured character of the Andalusian people ensured that non-Spanish speakers could always make their way around Marbella, even if it meant using sign language. Their straightforwardness and goodness stems to a great degree from the importance they attached to traditional values of family, church, hard work and generous hospitality. When you look at the professionals in Marbella today, the lawyers, architects, bankers, hoteliers, or store owners who were born in the city, it is amazing to see how many of them were brought up not only with these values, but also with excellent university education given to them by their parents in the 60’s and 70’s, who obviously had an eye on the future that was being built at the time, and how almost all of them learnt to speak English.
At that time it was very easy to meet people, and make new acquaintances and friends. There were no more than six or seven estate agencies in Marbella in those early years, and there was a lot of curiosity about Panorama. We met most of who were considered the crème de la crème of Marbella at the time just by going
to the Marbella Club once or twice a week, making friends who introduced me to their friends. Not only did it bring us business, but the application of welllearned American real estate principles passed down by my father and grandfather made it a lot easier to earn the confidence of new clients for a start-up business such as ours. The Marbella Club was then, and has remained, my favourite bar and restaurant: warm and romantic, classy, great service and food, great people.
The salary I allocated myself when I arrived in Marbella was 25,000 Pesetas per month, which was the equivalent at the time of about $420, and with which we were able to live very decently. The most luxurious sports car made in Spain was the Seat 124 Sport, in fact it was a Fiat model assembled in Spain until 1975, but with a Spanish engine and transmission, which cost around 350,000 Pesetas or about $5,800 at the prevalent exchange rate, a fortune in those days. I bought one second hand in 1978 and still have it! Of the Spanish made cars of the day, the best that one would see on the road was the Dodge 3700 GT (made by Chrysler España) – a real sign that you had money if you drove one!
The purchase of imported cars from Germany, America or England was virtually prohibitive due to exorbitant import taxes which literally doubled the cost of an already expensive luxury car. In fact, until the mid-80’s there was a certain social stigma attached to making an extravagant display of wealth, which was associated not only to driving a “Spanish” Dodge, but also any type of Mercedes or other imported luxury automobiles.
Spain was incredibly cheap in the 70’s and 80’s, and even well into the 90’s due, in part, to the Peseta being devalued six times between 1977 and 1993, enabling the economy to remain competitive with respect to its exports, and tourism to keep growing every year. However, with the Euro becoming legal tender in Spain in January 1999, and the Peseta eliminated at the end of 2001, this economic tool was no longer available.
Property prices were also very cheap in the early 70’s, as was the cost of living, as mentioned before. Our agency was the first agency to bring in charter flights of clients from the United States, to sell villas for $12,000 to $20,000, and apartments in Nueva Andalucía from $5,000 to $15,000! The “investment factor” gave a major impetus to the
number of properties sold in those days to clients of all nationalities. Of course, the magic of Marbella itself was the fundamental catalyst.
When our mother agency in Washington D.C. closed its doors in early 1975 due to the strong recession at that time, Panorama became an independent Marbella real estate agency.
The first important success in our business here took place after Panorama became the property administrator for David Shamoon in 1974 (and remained so for 33 years). David, who passed away in July 2013, was originally from Iraq and moved to London in 1950, and had been very successful in real estate and other businesses. In 1974, he was the owner of a beautiful, palatial villa located just opposite El Ancón on the Golden Mile which he had bought from Mara Lane, sister of Prince Alfonso’s wife Jackie Lane, and sold it a few years later to the late King Fahd (then Crown Prince Fahd). In the mid-90’s, David bought the Marbella Club and the Puente Romano Hotels, along with several
other hotels in other countries, now in the capable hands of his children Daniel and Jennica.
David treated me as a special friend and not only became our most important buyer client at the time through his purchase of several significant properties, but he also introduced me to some key people who introduced me to others. It is in large part thanks to him that we sold a great number of the properties to the Saudi Royal Family and other Middle Easterners in the mid-to-late 70’s, giving Panorama a real boost at a critical time in our history.
During those years we became administrators for Akram Ojjeh, the founder of the TAG group of companies; of Prince Salman, the brother of then Crown Prince Fahad, and today, King of Saudi Arabia, through his right-hand man in Spain, Eyad Kayali; and of Prince Fahad’s eldest son, Prince Faisal Bin Fahad and H.E. Sheikh Kamal Adham, among others.
Other important business opportunities arose years afterwards, thanks to relationships made during the 70’s, including a number of transactions made through my close friend Mohamed Bashir Kurdi. As the Saudi
Consul in Málaga at the time, Bashir commissioned me to negotiate the purchase of a parcel of land in Málaga on which the new Islamic Cultural Centre was to be built. When he was nominated in the mid-‘90’s as the future Saudi Ambassador in Japan, he asked me to be his buyer’s agent and to find for his government a new, representative building for the Saudi Embassy in Tokyo. One and a half years later, we successfully closed a deal for the purchase of an 11 storey, brand-new building in Roppongi, central Tokyo, incorporating a duplex penthouse for the Ambassador. Today it remains the most beautiful Saudi embassy building in the world.
There is a special comfort that many Middle Easterners felt and feel in Marbella and southern Spain in general. Many rivers, villages and other geographical areas bear Arabic names and there are thousands of words in the Spanish dictionary stemming directly from the Arabic language, all a result of the Moors 781 years occupancy of Spain from 711 to 1492. The Rif Mountains of Morocco can be seen from Marbella most days of the year, with the lights of Tangiers visible many nights, past the Rock of Gibraltar, giving one a very special sense of our geography.
The purchase of properties by Crown Prince Fahad, and his family encouraged many others from the Middle East to also buy homes in Marbella in the late ‘70’s and early ‘80’s. Many other Princes, along with important – even legendary – businessmen and dignitaries from every single country in the Middle East bought properties in Marbella, adding to our wonderful cosmopolitan and cultural mix. Notable among these were Sheikh Zayed bin Sultan Al Nahyan, the Ruler of Abu Dhabi and President of the UAE, whose family still owns a magnificent estate adjacent to Rocío de Naguëles; various members of the AlMarzook family from Kuwait; Adnan Kashoggi and his many friends; the electronics magnate Mouffac Al Midani; Rafic Harriri, who went on to become the Prime Minister of Lebanon; H.E. Sheikh Kamal Adham who became a close friend, and countless others.
In the early 70’s, a small number of British citizens, not more than two or three thousand, had settled here either as part-time or full-time residents, many of them important personalities. There was a specific reason for the number of people being so low: Great Britain had exchange controls in the form of the infamous “dollar premium”: tight restrictions on spending money made it difficult for people to take foreign holidays and to buy second homes on a scale we now take for granted, or to buy shares in foreign companies. At one point, people couldn’t take more than £50 cash abroad, even for an ordinary family holiday. You even needed to have your passport
stamped by the bank when you collected cash!
When the late Margaret Thatcher was elected Prime Minister in 1979 and relaxed (and shortly thereafter eliminated) the exchange controls in that same year, the demand literally exploded in a surge of buying second homes abroad, which in fact has never really abated since then, other than the peaks and troughs of the market in general over the last decades. Marbella of course was a prime beneficiary of this pent-up demand, as were other parts of Spain, France, Italy, the US (especially Florida), and other countries. Flights from the UK surged in number, and the Costa del Sol became a preferred holiday and residential destination for UK tourism, with Marbella as its quality capital.
Panorama marketed properties directly to UK purchasers, with advertising in The Times and The Financial Times. We sold many important properties to an affluent UK clientele, throughout the 1980’s and again in the mid-1990’s, partially due to a strong partnership at the time with Chesterton’s, a leading London estate agency. Today, the British are the largest single nationality, after the Spanish, with a permanent or part-time residence in the Marbella area.
Amongst the many influential people we had the opportunity to meet in Panorama’s early years in Marbella was Rafael Zea. Rafael was a pioneer property developer who, among many other projects, built the Skol building in Marbella by the sea in the 1960’s. Rafael was the chairman of the developing company which owned Las Lomas del Marbella Club and came to Panorama in 1974 recommended by mutual friends. We got along well and he quickly agreed to give us an exclusive on the sale of their plots in Las Lomas which resulted in our selling, over the next years, most of this wonderful residential area located in the heart of Marbella’s Golden Mile. Rafael also gave me a wonderful deal on the purchase of my first villa in Marbella. I also did business with Mel Ferrer who built and sold inexpensive, rustic villas. Mel was a terrific person, and I remember him being both extremely polite and very down to earth.
I had the privilege to meet and become good friends with Ray Milland and his wife Mal (in 1946 Ray won an Oscar for Best Actor in Billy Wilder’s film The Lost Weekend), and Stewart Granger, one of Hollywood’s greatest stars, who was also a seller of an important estate between Marbella and Estepona. Ray Milland contacted us in 1975 from an advert in the International Herald Tribune and came down to look at beachfront homes. Since he had become a star a little before my time, I didn’t know who he was, and when I collected him at the airport, he rode in the back of my box-like Seat, and his wife in the front, and I asked him what he did for a living! After a brief silence and a long sigh, he said with some exasperation in his face… I was watching him through the mirror… “I’m in the cinema industry”. Unfortunately it got worse when I asked him what part of the industry! In the end we got along very well and we, as well as our wives, became close friends.
The Millands ended up purchasing a jewel of a
and John Green with Jovita, Chris’s
beachfront home in the El Ancón development, on Marbella’s Golden Mile which belonged to a Mr. Brown. Along the front line in El Ancón there were four other houses next to Mr. Brown’s: two on the right and two on the left. The first at the end, on the right, belonged to John Green, the original developer of the estate. The second belonged to the well-known industrialist, Gordon White. On the left was Mr. Black and, at the other end, Warren Gold. Incredible but true! We called it “Rainbow Row”!
John Green, brother of the art gallery owner Richard Green, was a creative and successful property developer, not only for his projects in Marbella but also in London. He went on after his project El Ancón to develop, from 1981 to 1985, another beautiful, gated community in the hills just opposite El Ancón, which was called El Ancón Sierra, in Las Lomas del Marbella Club. I was involved in selling him the land, selling most of the homes there, and was a member of his company’s Board of Directors, and am currently an owner there myself. John and his wife Jacqui also kept a home there until shortly before John passed away in 2019.
Another personality among the many people we were close to at the time and who remained so well into the 90’s, until her death, was the Baroness Teresa (Terry) von Pantz, heiress to the Avon perfume fortune. She inherited her fortune through one of her previous husbands, and she lovingly called her last husband, Baron Hubert von Pantz, “Hubert the Fifth” as she had out-lived her prior four husbands. Hubert had a wellpublicised affair with the French designer Coco Chanel in his youth. They were both very generous people and loved giving lavish parties for their many friends and acquaintances: Terry was known for over three decades in Marbella as “the hostess with the mostess”. Her favourite hobby was designing and building houses, a real estate agent’s dream client. Wonderful, open, interesting people, incredibly polite to absolutely everyone and, for many years, they were among our most important clients.
In the late ‘70’s we met Elizabeth and David Brockman, who, with their partner Connie Muneman, and his family, owned the most beautiful development site in Marbella, which is now known as the Urbanization Sierra Blanca. A little-known story is that in 1980 a Kuwaiti client of ours contracted to buy the entire land, subject to the approval of a partial plan (zoning permission) by the municipal government. However, due to the delays caused to the plan approval by ecologists at the time, our client got cold feet and backed out of the deal a year and a half later. The purchase price for the entire site (of course before infrastructure) was $3,000,000! The Brockmans later found another partner, the highly successful, high quality property developer Pedro Rodriguez, (Sierra Blanca Estates) who made his first investment in Marbella in the Brockmans’ company and proceeded with the installing of infrastructure in the urbanization and subsequent sale of plots.
Other wonderful people who opened their doors to us in our first years in Marbella, were the late Miguel Gomez Verdun, the owner with his wife Antonia, of the Gomez and Molina jewelry boutiques. Miguel was at the time also Director of the Hotel El Rodeo; the late Archie and Cathy McNair – Archie was the Chairman of Quant which he co-founded with Mary Quant in the 1950’s; the late Bill Genske and his wife Silvia, the developers of Lomas del Marbella Club Pueblo; Nielson Sanchez Stewart with his wife Alicia, who was and remains an active lawyer and good friend. The late Rafael Cruz-Conde became a close friend and our main lawyer in the late 1970’s, and his job with Panorama (and friendship with me) continues today through his son Mauro and daughter
Alejandra. Count Hans Larisch and his wife, María, the Marquesa de Salamanca, also became good friends. Perhaps my oldest close friend is Patrick Op
de Beeck, the wellknown insurance broker, whose office was next to ours when we arrived.
Others who we met through our business in those years include Ferdinand Beguin, the French “King of Sugar”, to whom we sold a magnificent estate in what is today the Altos Reales on the Camojan Road; Antonio Belon Cantos who advised us with respect to urbanistic matters and later became a good friend; José Banús and his able right hand man Candido Fernandez Ledo who went on to head the Banús Foundation as well as founding CIT, the Association of Entrepreneurs and Professionals in Marbella, the Duchess of Alba, who wanted at one point to place her property for sale with us… and countless others.
Looking back, we were fortunate that, by the end of the ‘70’s, I had met most of the influential people of the day along with hundreds of other wonderful
people, many of whom are good friends today. How grateful I am to have had such a beautiful start to our new life in Spain, with the kindness and friendship offered by so many people during those years.
© 2022 Panorama Properties S.L. Originally published in 2012
Our gratitude to Count Rudi von Schöenberg for allowing us to reproduce the many photos he provided for this article, and to both Count Rudi and Antonio Belon Cantos, for their kind advice and guidance with respect to the history of the early years of Marbella before our arrival.
By Christopher Clover, FRICS
that purchasers of property in Spain retain a qualified solicitor to represent and also advise them on all tax issues.
The Internet has become by far the most useful tool for those looking to buy properties and a net-based property search is usually the first step taken by any potential buyer. But, is it the right second step, once one sees a few desirable properties on several sites, to contact and make appointments with all the agents offering those properties, agents you don’t know or may not have even heard anything about, some of whom do not even identify themselves correctly on their sites?
Perhaps another option to consider, even while looking at everything on the net, might be to seek out as a first priority a really qualified, experienced agency to work with that has a large direct inventory of the kind of property you are looking for.
There are several great agents in Marbella to choose from, many who have outstanding credentials, long experience, excellent product and area knowledge, and adhere strictly to the agents’ code of ethics. Additionally, choosing such an agent will assure that they pull out all the stops to spend plenty of time with you to get to know you and your special requirements as well as possible, sharing with you their market knowledge and recent comparable sales actually made, and who will eventually find just the right property for you. If it’s not in their own inventory they will go out and find that special property through their colleagues in other agencies on a commission-sharing basis.
Panorama always recommends that purchasers of property in Spain retain a qualified solicitor to represent them and also advise them on all tax issues. Once you have made a decision to purchase property here, even though you may not have found that
special property yet, establishing a relationship while you are in Marbella can be immensely useful if you start negotiating a purchase after returning to your country of residence, as it is clearly more difficult to choose a lawyer long distance.
Essential today to buying property in Spain is the compliance with AML (anti-money laundering) protocol, required for opening a bank account, engaging a lawyer, and agents as well, in order to identify you and prove the legal origin of the funds intended for the purchase. For European Union citizens this procedure is straightforward in most cases, but for Eastern European citizens or those from the Middle East the procedure can take, in some cases, many weeks. So, if you know you are going to be eventually buying a property it is good to get these matters out of the way sooner rather than later.
Having a lawyer, NIE number (a number issued to foreigners in Spain) in place, AML compliance in order, and bank account opened strengthens a buyer’s position when negotiating as he or she can put down an immediate deposit if an offer is accepted, since all the other details will have been taken care of already.
A good agent will also be immensely helpful to you in negotiating the purchase of a property you are interested in buying. It is important to remember that if your offer is too low it will not engage the interest of the seller, and might actually prove counterproductive. An articulate offer will generally capture the attention of a vendor. We recommend getting all your points together, rather than negotiating
“piecemeal.” Make your offer in writing if possible (of course, subject to contract). Points to include are not only the price, but also the deposit amount and when you are prepared to pay it, when you are prepared to complete the transaction, what you understand to be included in the price (for example furniture and fittings if applicable), and an often neglected point – that all technical equipment and installations should be in good working order. Also, if you have a second choice property you should certainly advise the vendor of this fact.
Your lawyer can also be consulted during the negotiation to ensure that the terms of the offer meets his or her legal criteria, and on occasion will also become actively involved in more complex negotiations.
Actually purchasing a property in Spain is a relatively straightforward procedure. The “last word” in property ownership is the property registry, which will show immediately if the seller owns the property free of liens and encumbrances. Most frequently, unless an immediate payment of the full purchase price is made, a private contract of purchase is drawn up wherein the details of the purchase are reflected – the legal description of the property, purchase price, form of payment, date of completion, date of possession, etc. Upon signing the private contract, a payment on account is always made which can vary substantially according to the terms of the sale and the date of completion.
A quite normal deposit for completion within 30 to 60 days would be 10% of the agreed purchase price. New properties which are unfinished obviously are paid
for over the construction period, and all payments on account before finishing must be guaranteed, according to LAW 38/1999, by a bank or insurance company: if the property is not finished by a certain date, a purchaser has the right to reclaim the monies paid, plus legal interests. Additionally, another law obliges the property developer to arrange a ten year insurance policy with respect to any basic building defects with the purchasers as beneficiaries.
When the entire purchase price is paid for the property, the seller will issue the public deed of conveyance (escritura) to the purchaser, free of liens and encumbrances. This deed, issued before a Spanish Notary, is passed from the notary to the tax office to be assessed for Transfer Tax if the property is a resale or second hand property, or assessed for Stamp Duty if the property is sold directly by the developer. It’s then presented to the Property Registry for inscription. A provisional inscription in the registry is made immediately upon issuance of the deeds.
As detailed in the table below, the total official costs involved in purchasing a constructed residential property should be around 10-11 % for resale properties or around 12 % for new properties if VAT is paid on the purchase price, plus lawyer’s fees.
Payable by the buyer for the purchase of any real estate (villas, flats, land, commercial premises, garages), provided the vendor is not a developer or normally trading in the business of resale properties (waiver to VAT exemption).
Reduced transfer tax for real estate companies or professionals that buy resale property and sell within 5 years.
Villas, apartments, or a garage that is annexed to an apartment or villa, where the vendor is a developer or habitual trader for brand-new properties.
Parcels of land, for the first sale of brand-new commercial premises or brand-new independent garages.
The cost increases according to the number of pages or complexity of the title deed, and value of the property.
This can be as little as a few hundred euros or as much as thousands on a property with a lot of land that has not changed hands in many years. It is a tax by the town hall based upon the increase in the index value of a property between the year of purchase to the year of sale. This tax corresponds, by its nature, to the vendor who is responsible for its payment, unless otherwise negotiated.
These are in the order of 1 % of the selling price, more or less, depending on the lawyer and the price of the property.
By Alex Clover
Panorama continues to uphold their professional standards with two new staff members becoming Associate RICS members, and is the only residential real estate agency on the Costa del Sol regulated by RICS.
After Christopher Clover, owner and Managing Director of Panorama accepted a unanimous nomination as Eminent Fellow by the prestigious Royal Institution of Chartered Surveyors (RICS) in 2015, in 2022, two other members of Panorama, Christopher Clovers’ daughter, Katinka Clover, Director of Listings and Marketing departments and Alfonso Muñoz, Sales Coordinator and Assistant Sales Director, successfully passed the examination and case studies and became AssocRICS members.
Eduardo Fernandez-Cuesta FRICS, former President of RICS Spain, stated: “Christopher Clover is today, as he has been for the last 52 years, an outstanding example of leadership and professional commitment in the real estate sector. Christopher comes from a family lineage of more than 118 years in real estate, constantly promoting the collaboration among agencies and serving the public with outstanding professional dedication and ethics. Only individuals recognised within the industry as a leader in their field, whose standing and achievements are beyond question and judged to be extraordinary, are considered for nomination to join RICS through the Eminent Route”
“Also noteworthy are his annual Marbella Property Market Reports and many other articles related to real estate that he has been publishing for more than half a century. Christopher has contributed,
RICS, The Royal Institution of Chartered Surveyors, is the global professional body promoting and enforcing the highest international standards in the valuation, management and development of land, real estate, construction and infrastructure.
Founded in 1868, RICS currently has more than 130,000 professional members in more than 145 countries, specialising in different aspects of the real estate sector, including property valuation, consulting services, property brokerage and professional activities related to land, homes, buildings and construction.
Their development and enforcement of leading international standards, protects consumers and businesses by ensuring the utmost level of professionalism is employed across the built and natural environment.
“Clients who work with our registered professionals can have confidence in the quality and ethics of the services they receive.”
and still contributes significantly today, to raising the standards of his profession.”
Christopher Clover commented: “I am quite surprised and deeply honoured to receive and accept this nomination from the most respected organisation in the real estate world. RICS has my unconditional support in promoting and fostering their work and values.”
In 2016, based upon Mr. Clover’s fellowship with RICS and other qualifying factors, Panorama Properties was approved as a real estate agency “regulated by RICS”. As a regulated company Panorama conveys to its clients a message of confidence and quality, that it:
• practises to globally recognised standards
• behaves ethically, and acts with integrity and honesty
• has the required skills, reputation and qualifications to provide a very high standard of professional services
• manages conflicts of interests transparently
• safeguards the security of client funds
• manages its finances appropriately
• provides adequate and appropriate indemnity
• handles complaints and disputes fairly
As RICS state:
“Any individual or firm registered with us is subject to our quality assurance. We’re proud of our reputation and we guard it fiercely, so clients who work with our registered professionals can have confidence in the quality and ethics of the services they receive.”
For more information about RICS visit: rics.org
By joining forces, the two companies aim to enhance the client experience, providing access to a broader range of luxury properties and exceptional service backed by a wealth of knowledge and experience.
With over 50 years of expertise and a well-established presence in Marbella, Panorama stands as the region’s longest-established estate agent, renowned for its deep local knowledge and exceptional service. This partnership enhances Panorama’s international profile, providing clients with seamless access to premium properties and expert advice globally, reflecting a shared commitment to excellence.
For John D Wood & Co., this partnership is equally transformative. It allows them to offer their clients unrivalled options in Marbella, Spain, one of Europe’s most coveted locations for investment and leisure. This collaboration ensures their clients receive exceptional support and access to exclusive properties, backed by the local expertise and established reputation.
Panorama Properties is excited to announce a landmark international partnership with John D Wood & Co., a renowned prime UK estate agency. This collaboration signifies a new era of excellence in real estate, combining over 200 years of industry expertise to offer unparalleled services to clients in both the UK and Marbella, Spain.
Polly Ogden Duffy, Managing Director of John D Wood & Co., commented, “Our partnership with Panorama represents a significant step in expanding our international reach. Together, we will provide clients with exceptional service and access to exclusive properties in both the UK and Marbella. We are excited about the opportunities this collaboration brings.”
Alasdair Hedley, Head of International at John D Wood & Co., added, “This alliance with Panorama allows us to offer our clients unparalleled options in Marbella, ensuring they receive the finest properties and support from experts who understand the local market deeply.”
Christopher Clover, Managing Director of Panorama states: “Panorama, whose professional roots go back to 1904 with my grandfather’s first estate agency in Chicago, shares important professional values with John D. Wood. Working together with our respective, highly qualified teams will expand our market to clients who identify with these shared values and who are looking for the most professional and experienced real estate service possible in the Marbella area.”
By Alex Clover
This brief article is intended to share some essential points about selling properties, based on our own experience of 54 years of selling properties in Marbella.
Marbella is not a big city like London, Madrid or New York with a captive market within 50 kilometres of the centre. Instead, it’s a small city with a mostly secondary housing market and a buying public spread out all over Europe and the world – a subtle but important nuance.
Most buyers are not looking for a primary residence here, but a second or even third home. This makes Marbella real estate less of a need and more of a luxury in which people are not drawn to property close to centres of work but to the quality of life a property can offer them. As a result, one characteristic of a secondary housing market is that especially luxurious properties can take a longer time to sell, though in our experience this is considerably shorter where both buyer and seller are serious in their intent.
The most important thing to establish is a sales strategy, at the heart of which is the asking price. In
Natasha Romanov, Luca Solari & Evi Tinno. If you want to sell your property, call us on (+34) 952 774 266 or email: listings@panorama.es
The property market in Marbella has always been competitive and sellers with less experience will achieve far better results if they take advice from experienced professionals.
The most important thing to establish is a sales strategy, at the heart of which is the asking price
other words, if you ask too much for your property, people will not bother to view and it will linger unseen. Ask too little for your property, and you are potentially throwing away money.
The right asking price is perhaps the most essential ingredient in the art of selling real estate and is the result of thorough market research. Do not opt for the figure you would like to hear, find out the true market value, taking into consideration: what sales of comparable properties have been accomplished, and at what price? What are other owners with similar properties asking?
The more unique a property, the more an owner can ask for it and the stronger they can negotiate when trying to seal a deal. The less unique a property, the more the owners are going to have to resign themselves to the fact that there is a large supply of similar properties, and that they will have to price it competitively.
One thing to avoid, if you intend to use agents to market your property, is listing on a net basis, where you want a fixed sum with the agent’s commission
A professional agency will propose a coordinated strategy based on its experience and adapted to the specifics of your property
added on top. You can end up with a property marketed at several different prices, leading to confusion among potential buyers. Wise sellers will form a team with their agents and protect their agents’ commission, as they too expect to be protected and advised by their agents, and fix one sole asking price for the property, inclusive of commission.
Should you give an exclusive sales agreement to an agent? If you are an absentee owner, or if you don’t feel like playing a co-ordination role among various agents, granting exclusivity to a leading agent can make your life a lot easier. It also provides the agency in question with the confidence to fully dedicate its energy and resources to the marketing and promotion of the property.
A professional agency will propose a coordinated strategy based on its experience and adapted to the specifics of your property. This will include the creation of quality marketing material and targeted promotional campaigns.
A responsible agent will try to avoid taking a sole agency unless they sincerely feel that the asking price is correct and that they are truly capable of selling the property within the time frame allocated by the seller.
Providing agents you trust with easy access to the home is important in order not to lose potential buyers, though a good agent will screen interested
parties first. They will also offer advice on how best to present the property for viewings and approach the negotiation process.
The standard agency fee in a resort area such as Marbella is 5% plus VAT, which covers the marketing, promotion, and listing of properties and the arranging of viewings, follow-up with prospective buyers, property searches, providing background information and support throughout the buying process and beyond. Agents don’t give keys out to clients, they always show properties personally and will spend a great deal of time to find the right buyer.
“My property has been on the market for months and I’m hardly getting any viewings.”
The only time this might be considered to be normal is if your property would only be of interest to a small cross-section of buyers or, if it is overpriced. If neither applies, your property is not getting enough market exposure. Our advice: speak to your agent or seek the advice of another wellestablished agency with a good reputation. An accurately priced and marketed property should be getting a regular stream of clients viewing it.
“How much negotiation room should I build into my asking price?”
With the help of your agent we recommend pricing the property taking into consideration not only similar asking prices, but also prices at which similar properties have actually sold. Many buyers are very knowledgeable today and will recognize a realistically-priced property, but bear in mind that few will want to pay the full asking price, so leave some room for negotiation.
“All
the clients that agents bring to my property are time-wasters.”
Are they really? If you are getting lots of viewings and no offers on your property, chances are your property is not as unique as you’d like to think it is. It likely needs to be reduced in price or perhaps you could consider making market-driven renovations in order to increase its appeal. And always remember, selling a property in many ways is a numbers game. The more people who view it, the better chance there is of one of them falling in love with the property and buying it.
“I
really need to sell my property NOW.”
If you need to sell your property quickly, you need to be prepared to price it at a heavy discount when compared to similar properties on the market. This is when you need a very knowledgeable agent working for you who can suggest the price that will achieve the sale.
First impressions count. When agents take clients to view your property, ensure that curtains and shutters are open to let lots of light flood the property.
Check your agent’s website to see how your property is presented, in terms of the photographs, the description and the accuracy of the information provided. While photography should be representative, it should also present your property as well as it can, enthusing potential buyers. To stand out from the crowd you may need professional images, especially indoors.
If there are any small repairs or repainting that would enhance the overall appeal of the property, it’s well worth getting this work done now to eliminate any small ‘objection factors’. Also, make sure your home is spotless for photography and viewings alike.
This always results in enquiries. Many potential buyers drive around different residential areas before going to an agent. Without a sign, they wouldn’t know your property is for sale. Not allowing a sign to be placed is to block one of the many proven paths for reaching the market place. Our experience is that signs still help significantly in selling properties.
Facilitate viewings on as short a notice as possible. If you leave your keys with a neighbour who plays golf three times a week, you are losing a vital chance to show the property at the client’s convenience.
Bear in mind that the first properties that agents tend to show are the ones for which they have the keys. Properties that need appointments to be set up in advance will generally be shown less.
Make sure that you are fully aware of your tax obligations when you put your property on the market. Meet with your lawyer and tax advisor, and find out your options to ensure there are no surprises when you enter into negotiations.
Let your agent form a team with you in handling negotiations, checking points with your lawyer and tax advisor when necessary. This is your agent’s job and one of the reasons you pay the agency’s fee, and experienced real estate professionals are generally far better at negotiating the commercial points of a deal than lawyers. Once this is accomplished, your lawyer should take the lead role (in coordination with your agent), draft the sales contract and supervise the completion of the sale. If you are frequently travelling, it can often make sense
to leave a Power of Attorney enabling your lawyer to sign a private contract on your written instructions. You can negotiate the details of the sale with your agent by telephone and email, and your lawyer can then take the ‘first step’ towards the sale by signing a private contract without delay.
Don’t allow yourself to be pressured by your agent or anyone else to accept an offer! A good agent will simply point out your options and offer advice based on their experience, but once you decide to proceed it is good not to waste time and risk losing the buyer.
In summary, selling a property can be as easy or as complicated as any task involving one’s personal affairs. Competent, honest, professional help from agents, lawyers and tax advisors can go a long way to help you manage your sale objectively and easily.
Is the buyer expecting a counter offer from you or have they given you a one-and-only, take-it-or-leave-it offer?
Do they have other properties in mind?
Is their offer a fair one?
Are all details included in the offer –price, target contract date, deposit, completion date, an understanding of what is included in the sale in the form of fixtures, fittings and furniture, etc.?
All these items should be agreed upon at the outset before lawyers are instructed.
By Alex Clover
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No other agency can provide the experience and industry knowledge that we can. Panorama is Marbella’s longest established real estate agency, servicing our clients for over 53 years.
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We are one of only two residential agencies in Spain, and the only residential agency on the Costa del Sol to be regulated by RICS, the Royal Institution of Chartered Surveyors, providing third-party protection to our clients with respect to our ethics and professional conduct (see the article on page 54).
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Panorama has won the International Property Awards’ highest distinction for a single real estate agency in Spain in 2020, 2021 and 2022. Our Managing Director was invited to be a Fellow of RICS and recently accepted the position of Honorary President of the Leading Property Agents of Spain (LPA)
There is no other real estate agency in Marbella with the credentials held by
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We have an unrivalled reputation for professionalism, transparency and expert local and product knowledge.
We don’t just dabble with one sector of the market. Panorama is a full-service real estate agency offering sales, rentals and plots, as well as development land, commercial properties, professional consulting services and a complete Client Services Department
Panorama’s team is comprised of more than 30 qualified and experienced professionals. By local standards this is a large real estate agency – and it is a reflection of the time and dedication we are able to give to each of our clients.
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Together we speak 12 different languages, and this is critical to our ability to work with clients from all over the world.
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Our two offices are strategically located along Marbella’s prestigious Golden Mile, one in the exclusive Puente Romano Beach Resort (next to the Nobu Hotel reception) and our headquarters opposite the emblematic Marbella Club Hotel.
Panorama operates a second real estate agency called Puente Romano Real Estate in collaboration with the Puente Romano Beach Resort and Nobu Hotel Marbella This gives extraordinary exposure to the properties of our seller clients to all the guests and visitors.
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Panorama is an affiliate partner with John D Wood & Co, one of London’s longest established real estate agengies with 150 years of history. They have over 30 offices in London alone and more than 2,000 international partner offices, giving our clients unrivalled marketing exposure.
Panorama’s team comprises 28 professionals in sales, administration, consulting and marketing, who work from two offices on the Golden Mile. The team speak 12 different languages between them.
Christopher Clover Managing Director Board Chairman
Sean Cannon Sales Director Board of Directors
Katinka Clover Member of the Board of Directors
Alfonso
Alex Clover Member of the Board of Directors
Gonzalo Ruiz Administration Director
Senior Investment Collaborator
Carolina Alaniz PA Managing Director, Support Team Manager
Walter Fernández Senior Property Collaborator
Steve Barre Property Consultant
Natasha Romanov Listings Consultant
Jules Franken Property Collaborator
Johan Olson Property Consultant
Sven Bauer Marketing Collaborator
Loli
Assistant to Administration Director
Ash Rasoulian Property Consultant
David Montero Marketing Associate
Listings Consultant
Handpicked luxury villas, apartments and townhouses in incredible locations, available for both long-term and short-term rent in Marbella and the surrounding areas. See page 201 (+34) 952 901 015 · rentals@panorama.es · panorama.es
BENAHAVÍS: La Zagaleta | Ref: 14171 | Map: p212, Nº32
Beds / Baths: 8 / 8
Built: 1,298 m2
Terraces: 319 m2
Plot: 9,546 m2
Price: € 14,900,000
“On one of the best plots in La Zagaleta, with the most magnificent views!”
Katinka
Clover, Member of the Board of Directors
Exquisite mansion set on one of the best plots in the prestigious La Zagaleta Country Club. This magnificent estate resembles luxury living at its finest, offering an unparalleled combination of elegance, sophistication and natural beauty.
Redeveloped to the highest standards, this architectural masterpiece was designed by the renowned architect Marcos Sainz from MS Design, with interiors crafted by the esteemed Nani Palomo. Offering a seamless fusion of comfort and functionality, you are welcomed by an impressive entrance gate opening on to meticulously landscaped grounds with breathtaking views.
The property stretches across a generous plot allowing for privacy and tranquillity amidst its stunning surroundings. The panoramic sea and mountain views
draw you from every corner, while the beautifully landscaped gardens with a sparkling pool, offer a private oasis. There is an impressive entrance hall with high ceilings and a beautiful staircase leading to the upper level. On the main level there is a spacious living room opening on to a covered porch with incredible views.
The separate dining room and enormous kitchen are set on the other side of the house, ideal for entertaining. There are a total of three bedrooms on this level, one which could be used as a second master suite, due to its size and beautiful design, and two further bedrooms sharing a TV room. On the upper level, there are two additional bedrooms, one which includes the lavish master suite, with a luxurious dressing area and sumptuous bathroom, designed for pure relaxation.
From the kitchen there is a staircase down to the garden level which houses a gym, sauna, indoor pool, spa area, wine cellar and a shower and bathroom. There is also storage space, and another bedroom suite on this level. The property also has a separate guest house with a garage
for four cars below it. The guest house has two bedrooms, two bathrooms and a kitchen with lounge, which makes it ideal for either live-in staff, or guests.
La Zagaleta, Europe’s most exclusive country club that goes beyond ordinary living and is designed to cater to the most discerning individuals, offers an array of world-class amenities. It boasts its very own equestrian centre and a private heliport. Golf enthusiasts will also find their paradise within its two 18-hole golf courses.
BENAHAVÍS: Marbella Club Golf Resort | Ref: 13181 | Map: p212, Nº32B
Fabulous modern villa built on a large plot of 5,700 m2 with impressive panoramic sea views that stretch all the way to Gibraltar and the African coastline, as well as the beautiful surrounding countryside. Located just 15 minutes’ drive from the beach, 20 minutes from Puerto Banús, 10 minutes from Anantara Villa Padierna and close to international schools.
The Marbella Club Golf Resort is a prestigious resort offering 24-hour security, an 18-hole golf course, designed by Dave Thomas, an exclusive equestrian centre, a Balinese inspired club house offering excellent cuisine, and a sports centre opening in 2025 with two tennis court, two paddle courts and a state-ofthe-art gym.
Beds / Baths: 6 / 9
Built: 1,071 m2
Terraces: 522 m2
Plot: 5,719 m2
Price: € 8,900,000
This stunning residence is walking distance to the Golf Club. South facing, it stays cool during the summer and enjoys the warmth of the sun in the winter months. It comprises six bedrooms and nine bathrooms, a Gaggenau kitchen, central heating, integrated sound system, domotic system, alarm system and separate staff, or guest, quarters.
The outside pool area has a cosy pool house with open fireplace, bar and barbecue area. The rest of the property has idyllic “conversation corners” that invite you to pause, relax and unwind. Set in the centre of the house is a stunning interior garden courtyard where the relaxing sounds of water features permeate the surrounding living areas. The outdoor lifestyle can be enjoyed all year round on the deep, covered, shaded terraces which surround the property.
The property has many special features which include: a spa with indoor heated pool, sauna and Jacuzzi, cinema room, mini football and tennis court, gym and a garage, plus carport, for seven cars.
Beds / Baths: 7 / 7
Built: 1,417 m2
Terraces: 436 m2
Plot: 2,470 m2
Price: € 6,950,000
“Offering privacy, lots of character and in one of the best locations.”
Sean Cannon, Sales Director
Located in one of the most sought-after residential areas and offering complete privacy, this mansion exudes Andalusian charm and boasts panoramic views of both the sea and mountains.
Set on a tranquil southwest-facing plot, this classical home features a prize-winning meticulously landscaped garden with lush trees, a glorious pool and adjacent hydro pool, creating a serene oasis.
Upon entering guests are greeted by an impressive entrance hall that opens onto a picturesque central patio adorned with a cobblestone Andalusian floor and fountain. The main level also comprises a study with floor-to-ceiling glazing and blinds. On the same floor, there is also a good sized double ensuite bedroom with built-in wardrobes and a beautiful bay window.
At the back of the house you will find a spacious drawing room, with a smaller living room and a cosy fireplace. The living areas seamlessly open out onto a covered terrace boasting mesmerising sea views. There’s a substantial formal dining room on the other side with sea views and direct access up to the kitchen. On a mezzanine
level directly above, you find the main contemporary kitchen with top of the range Bulthaup appliances.
Ascending to the upper level, there are three spacious ensuite bedrooms, including the master suite with an impressive walk-in wardrobe which shares a generous terrace overlooking the manicured garden and azure sea. There are two additional ensuite bedrooms and two towers with terraces offering breathtaking vistas from every angle.
The lower level presents an expansive games room, or second living area, with an open-plan secondary kitchen, providing effortless access to another terrace and the inviting pool area. Further features include a gym, a lift servicing all levels and underfloor heating. This unique family home epitomises luxury living on the Golden Mile.
This amazing home is set on the edge of a natural park with the Guadalmansa river running below it
BENAHAVÍS: Monte Mayor | Ref: 14851 | Map: p212, Nº32B
Beds / Baths: 6 / 6
Built: 936 m2
Terraces: 345 m2
Plot: 3,650 m2
Price: € 6,950,000
“Surrounded by nature and built to the highest specifications possible using unique materials.”
Alfonso Muñoz, Assistant Sales Director
An Andalusian masterpiece on the edge of a natural park in Benahavís
This impressive villa is set in a privileged position, on the edge of a natural park with the Guadalmansa river running below at the bottom of the valley and enjoying magnificent views to the hills and towards the coast.
Set in Monte Mayor, a secluded and guarded community with only one access point, just 6 km from the town of Benahavís and 7 km from the coast. This immaculate home is built to the highest specifications over two levels, plus a large basement and a terrace facing the river below. All of the levels are connected with an elevator.
The heart of the house is the large openplan kitchen, with top of the range Gaggenau appliances, which extends out on to the 140 m2 living room with a beautiful wooden valuated
ceiling with sliding windows opening onto the terrace and pool area. The terrace area, which is partly covered on this level, is absolutely stunning as it offers a Provençal-style fountain, and a covered small kitchenette with a pizza oven. The heated pool is 18.5 metres long with a built-in bar and underwater chairs.
The master bedroom is located on a separate wing of the upper level with access to a large porch with unbeatable views. On the west wing, on the same level, there are two spacious ensuite bedrooms.
The lower level is for relaxing and entertaining guests and includes a cinema, a professional wine cellar and spa area with gym, guest apartment and an additional guest bedroom.
There are now more than 400 branded projects across the globe. While most are hotel branded, others have aligned with luxury brands as diverse as Versace, Porsche and Armani. And now in Marbella, Automobili Lamborghini, Dolce & Gabanna, Fendi Casa, Elie Saab, Karl Largerfeld and more..
The concept dates back to the roaring twenties when the iconic Sherry-Netherland hotel on New York’s Fifth Avenue announced it was putting 165 luxurious apartments up for sale with all the perks that come with staying at a five-star hotel.
Branded Residences serve to guarantee purchasers the highest quality in design, finishes and technical installations available anywhere in the world.
Branded Residences are, in fact, a partnership between the respective brand and proven, sophisticated developers where everyone benefits:
The brand benefits from the substantial publicity, as well as the income from the licensing royalty and the deepening of customer relations;
The developer benefits by being able to distinguish their product among other products on the market; a wider customer base to include the followers of the brand in question; a premium price due to the prestige of the brand, and the perceived guarantee that the buyer has in buying a branded, quality product.
The buyer benefits from the extremely high quality and meticulous attention to detail imposed by the brand with respect to all aspects of the construction, the development itself, and the management of the development after the project is completed; outstanding, world-class features in design and finishes; the prestige which is associated with the respective brand; and the increased rental potential made possible by the association with the brand.
Five exclusive homes, designed by Karl Lagerfeld, perfectly integrated into the lush nature of Marbella’s Golden Mile.
KARL LAGERFELD VILLAS stems from Karl’s passion for architecture, interior design and constantly pushing the envelope of innovation.
The lifestyle-oriented environment harmoniously incorporates the local landscape through elevated architecture and a focus on sustainability.
Natural construction materials allow the spaces to merge seamlessly with their surroundings, blurring the artistic boundaries of the homes’ interior and exterior design. This luxury oasis is strategically located between the mountains and the Mediterranean coastline, offering its residents panoramic views from every angle.
Its 56 extraordinary properties sit on a 48,000 m2 plot with five-star services and just 800 metres from the beach.
This is an impressive project of exceptional properties, a unique concept of luxury apartments and penthouses designed and decorated by the prestigious Italian brand, FENDI CASA.
This development is the first of its kind on southern Spain’s Mediterranean coast, blending the DNA of an iconic fashion brand with super-prime properties that redefine luxury living.
The landmark project sees Sierra Blanca Estates and FENDI CASA bring their combined expertise and reputations, honed over many years, to a branded residence experience of unprecedented quality.
Its 56 extraordinary properties sit on a 48,000m2 plot just 800 metres from the beach. With five-star services on tap, residents can enjoy living in the finest branded residences in Spain. It provides owners with an all-encompassing and exclusive
branded experience, from the architectural design, interior detailing and choice of luxury materials to the premium facilities and services available exclusively to residents.
This fast-evolving concept in luxury property isn’t simply about putting a brand’s name on a building. It’s about bringing the finest details of the brand’s essence and value into every element of the residences’ design and the experience of living in them. Owners can design elements of their own home with FENDI CASA’s creative team and find inspiration by visiting the fashion brand’s headquarters in Rome.
Leisure amenities include a beautifully-designed spa and wellness centre, and a multi-use indoor sports space with a professional basketball court, golf simulator and the latest Technogym equipment.
Today’s buyers are looking for a contemporary look that blends modern technology and sleek lines with the charm of Mediterranean style and the well-being derived from a more natural approach.
Urbania embraced this challenge with the gusto and conviction that is typical of an innovator. CEO Tomás Gasset and his team thought long and hard about what such a home should look and feel like, what it should offer and where it should be located.
The result is ELIE SAAB VILLAS MARBELLA.
One of the first to produce a co-branded development on the Costa del Sol, Urbania followed its heart and conviction to entice leading international high fashion brand ELIE SAAB to collaborate on the creation of a new concept for luxury villa design.
The five superb villas feature a fresh interpretation of 21st century Mediterranean luxury that merges the design philosophy of ELIE SAAB into the Marbella setting.
IBIZA SOPHISTICATION IN MARBELLA
The freshness of iconic Ibiza villas served as inspiration for the homes, driven by a desire to offer buyers an inspired new option for luxury living in Marbella. Measuring 1,000 m2 built space on 2,000 m2 plots, the design of the villas skilfully breaks down the volumes to create highly welcoming and intimate living spaces.
The villas are located in Cascada de Camoján and surrounded by protected mountain scenery yet just a few minutes from Marbella town. One of the most outstanding features is the views across the Mediterranean Sea to Gibraltar and Africa.
Urbania has done itself proud with the creation of a prime collection of beautifully considered villas that take luxury living in Marbella in a new and exciting direction.
“ELIE SAAB Villas Marbella by Urbania is the product of an inspiring collaboration with a designer who we have admired for so long,” says CEO Tomás Gasset. “The chance to work together on a project of this quality has been a true privilege, and we believe it shows in a product that we are very proud of. “
A unique project, with it's design inspired by Automobili Lamborghini, an architectural prodigy brought to life by DarGlobal.
The project is located in a privileged area in Benahavís, nestled in the hills of Los Jaralillos, just a few minutes drive from all services and 15 minutes from Marbella.
It is a project of 53 spectacular homes with three different villa types, with four, five and six bedrooms on plots of between 1,000 and 2,881 metres squared.
Carefully constructed at different levels on the hills, the villas enjoy views of the sea, mountains and golf courses. There is 24hour security, video surveillance and a full concierge service. Homes have fully furnished and equipped kitchens, pools, cinema, SPA with sauna and Turkish bath, multipurpose room, elevator and wine cellar.
92 luxury homes distributed on a 90,000 m2 plot, a one minute drive to Puente Romano Beach Resort and two minutes’ drive to the beach.
Strategically located in Marbella’s “Designer District”, within a one-minute drive to Puente Romano Beach Resort and two minutes’ drive to the beach.
The projected 92 luxury homes will be distributed on the 90,000-square-metre plot, and will feature between 280 to 900 square metre built area. The list of amenities is extensive: massage and makeup rooms, spacious living and dining areas that open to private outdoor spaces with coastal views, rooftop terraces with pools and sun decks, quarters for staff, entertainment rooms and much more!
The residential complex will boast a wide range of services, including paddle tennis courts, a fully equipped fitness centre, open-air wooden gym,
boxing ring for adults and children, exclusive meditation, yoga and Pilates areas, golf simulators, indoor basketball courts, Marbella’s first 5x5 covered artificial turf football field, a spa with a wellness centre, a water circuit, beauty centre, hair salon, and barber shop. There’s also a communal cinema, bar and cocktail area, wine cellar, cigar lounge, private meeting and conference rooms. And don’t forget the dog-walking area with facilities for their care.
Prices are estimated to range between three and 20 million euros with perhaps the possibility of customdesigned penthouses for the most discerning buyers. We will, however, have to wait until 2026 for D&G’s residences to become a reality on Marbella’s Designer District.
Italian luxury house, Versace, has signed a collaboration agreement with RGZ Developers to design ultra exclusive villas in Nueva Andalucía with interior and exterior design by Versace. The villas will have extensive private gardens, personal wellness centres, and multiple swimming pools per property. It is the first time Versace Home has participated in a project of this kind in mainland Europe.
The Four Seasons development, designed by the world-famous architect Richard Meier will start construction during the last quarter of 2025. The project includes a Four Seasons Hotel, 130 private residences and 30 hotel residences consisting of villas, townhouses and apartments.
Marriott’s W brand is developing the W Resort Marbella, a €200 million hotel and residential resort on one of the last available beachside plots in the area. The project will include a luxury W hotel, two buildings with 89 apartments, and an additional 109 upmarket residences, all managed by Marriot.
Puente Romano is in the very centre of the Golden Mile. It’s Marbella’s most exclusive residential area and the undisputed hot spot for property and entertainment.
Midway between Puerto Banús and Marbella, Puente Romano is comprised of a group of different urbanizations, including the famous five-star Puente Romano Beach Resort, now also encompassing the Nobu Hotel; Puente Romano Phase II; Marina Puente Romano; and Las Terrazas de Puente Romano.
PUENTE ROMANO BEACH RESORT
This beachside hotel is a five star, Grand Lux Leading Hotel of the World built in 1976-1977 by the wellknown Sevillano property developer, Tulio Pinna and design designed by Melvin Villarroel. It offers an extensive area of low-rise luxury accommodation, spread out on both sides of large, sub-tropical gardens, which offer 400 species of plants from five continents. The hotel itself has 287 “keys” most of which are large studios measuring 55-60 m2 plus terraces, or one-bedroom suites of approximately the same size. Some of the privately-owned apartments come onto the market from time to time. When they
do, they are usually snapped up in a month or two. As a property owner within the hotel one can enjoy the 5-star services and facilities with only a couple of minutes’ walk to the sandy beaches. The maintenance costs are highly reduced as there are no community fees, due to a special, notarized agreement between the hotel and the private owners, dating from the inception of the hotel.
PUENTE ROMANO PHASE II
This beautiful complex, located directly in front of the reception of the Nobu Hotel and bordering the eastern boundary of the hotel, was built by the original developer of the hotel, Tulio Pinna, again designed by Melvin Villarroel. It was finished in 1983 with a total of 78 one and two bedroom apartments, located in several blocks in the form of a “horseshoe” around beautiful pools and gardens. These apartments are larger than those of the hotel and also enjoy the benefits of a very well-maintained community.
MARINA PUENTE ROMANO
Adjacent to the hotel to the west, this exclusive urbanization totals 234 apartments, divided into 3 different styles of gardens:
• Andalusian Gardens with 72 apartments, close to the tennis club and hotel gym;
• Persian Gardens with 84 apartments, and
• Japanese Gardens with 78 apartments.
The total site measures some 100,000 m2 and is, in many people’s opinion, the best located beachside/ beachfront estate in Marbella. Each garden has its own magnificent community pool and most of the penthouses have plunge pools on the top floor.
Parts of the Persian Gardens and Japanese Gardens are first line to the sea, and the other apartments
have direct access. Property owners have access to all the hotel’s facilities.
LAS TERRAZAS DE PUENTE ROMANO
Built in 2003 by a Dutch developer, Las Terrazas de Puente Romano is perfectly positioned right behind the Japanese Gardens of Marina Puente Romano, to the west of the tennis club, an easy walk to the beach. Besides its wonderful location, it boasts fabulous Japanese-style gardens, several swimming pools and offers preferential access to the Puente Romano Tennis & Fitness Club. It offers spacious apartments and spectacular penthouses with breathtaking views across the Mediterranean Sea.
Terrazas Puente Romano
Japanese Gardens
Persian Gardens
Villas Magna
Andalucían Gardens
Puente Romano Phase II
Puente Romano Hotel
This unique beachfront apartment sits within the luxurious Persian Gardens in Marina Puente Romano benefiting from 24-hour security. Surrounded by lush tropical gardens this opulent double penthouse is a Mediterranean beachfront paradise. Spanning over two levels, every corner of the property having been thoughtfully curated.
Beds / Baths: 6 / 8
Built: 454 m2
Terraces: 211 m2
Price on application
This south-facing duplex penthouse offers breathtaking panoramic views and comprises a total of 330 m² constructed area, distributed over two levels. On the entrance level, the property features an elegant entrance hall leading to a spacious living-dining room with access to a partially covered terrace with beautiful views of the sea.
Beds / Baths: 3 / 3
Built: 215 m2
Terraces: 113 m2
Price: € 9,250,000
Unique, recently refurbished ground floor apartment with breathtaking sea views in Marina Puente Romano. Exquisitely finished and decorated, it is set in the best position with all of the resort facilities at hand. Lovely open-plan layout in the main living area. Wonderful, spacious beachfront terrace with direct access to the gardens. A rare opportunity to find a property like this on the market.
Beds / Baths: 3 / 3
Built: 137 m2
Terraces: 30 m2
Price: € 6,995,000
With its prime location, stunning features, and ample amenities, this property offers the perfect blend of comfort and convenience.
Spanning a total area of 185 m², this spacious apartment boasts three bedrooms en-suite. The interior space covers 144m², while the terrace extends over 41m², providing ample room for outdoor relaxation and entertainment.
Beds / Baths: 3 / 3
Built: 144 m2
Terraces: 41 m2
Price: € 4,200,000
Situated in this much sought-after resort offering 24-hour security service, communal pools and beautifully maintained gardens. It has a very spacious living/dining room with fireplace, south-facing terrace with magnificent garden views, large kitchen, two ensuite bedrooms and a very large master ensuite bedroom. Access to all the amenities and facilities of the Puente Romano Beach Resort.
Beds / Baths: 3 / 3
Built incl. terraces: 235 m2
Price: € 3,950,000
Recently renovated ground floor apartment within the Puente Romano Resort and just steps to the beach. Enjoying natural light throughout the day, thanks to its south orientation. This property has access to all of the restaurants of the resort, allowing residents to fully immerse themselves in the most exclusive lifestyle that Marbella has to offer.
Beds / Baths: 2 / 2
Built: 119 m2
Terraces: 20 m2
Price: € 2,895,000
The term “Golden Mile” was coined in the early 1980’s by Roy Boston, the German singer turned successful property developer, who had an untimely death in the late 1980’s, and for whom a road has been named near his prize-winning development Alhambra del Mar, on the edge of Marbella City.
Marbella’s Golden Mile starts at the western edge of Marbella and extends for some five kilometres as far as the Río Verde, which is just before Puerto Banús, and stretches up to La Concha mountain, which gives Marbella its special micro-climate. It was given its name due to the numerous beautiful estates and establishments within this area, including the Marbella Club Hotel, and the many beachside mansions
adjacent to it, where the origins of quality tourism in Marbella began in 1954; the Puente Romano Beach Resort; and beautiful urbanizations such as Cascada de Camoján, Marbella Sierra Blanca, Las Lomas del Marbella Club, the development of the Bismarck family known as the Marbella Hill Club, and Rocío de Nagüeles. Individual estates include many of the most magnificent mansions in Marbella, not the least of which are the Palaces of the late King Fahad and his brother, King Salman bin Abdel Aziz. Also located along the Golden Mile are Panorama’s two offices, one in the Puente Romano Beach Resort and the other just opposite the Marbella Club Hotel.
Offering spacious and elegant interiors, this impressive home is finished to top specifications. The grounds include two private swimming pools, a lush garden and beautiful sea views. The basement includes a cinema room, bar with reception area and a garage for eight cars. Set in a central location with easy access, walking distance from the beach and Puente Romano Beach Resort.
Beds / Baths: 6 / 6
Built incl. terraces: 1,070 m2
Plot: 1,400 m2
Price: € 14,800,000
Step inside this villa and you’ll be captivated by its charm and laidback ambience, exuding a sense of calm with its neutral tones and natural materials. The open-plan design effortlessly connects the rooms, allowing for a seamless flow between indoor and outdoor spaces. Luxury amenities include: indoor pool, gym, outdoor living areas made for relaxing, a sleek modern kitchen and much more.
Beds / Baths: 6 / 6
Built: 772 m2
Terraces: 138 m2
Plot: 1,513 m2
Price: € 14,500,000
Stunning contemporary villa located in this prestigious community overlooking Marbella’s Golden Mile. Features include: sea views from the ground floor, solarium with pool, professional gym, wine cellar, games room, sauna, steam room, home cinema, bespoke bathrooms with natural stone, security cameras, underfloor heating by water, solar panels for hot water, four-car garage and much more.
Beds / Baths: 6 / 6
Built: 1,183 m2
Terraces: 187 m2
Plot: 2,697 m2
Price: € 11,995,000
GOLDEN MILE: Los Picos de Nagüeles | Ref: 12711 | Map: p211, Nº20
A stylish and luxurious mansion with an air of La Provence, on an elevated position with views of La Concha mountain and the sea. Designed along traditional architectural lines combined with modern conveniences and exceptional attention to detail, this villa offers five-star facilities including: wine cellar, gym, state-of-the-art spa with heated pool, sauna, massage room and hair salon.
Beds / Baths: 7 / 6
Built: 931 m2
Terraces: 183 m2
Plot: 2,573 m2
Price: € 13,950,000
Spectacular villa that enjoys a privileged location within the serene gated community of Altos Reales offering 24-hour security. Sitting on an ample plot with stunning landscaping, this property benefits from a southeastern orientation. Its architecture is synonymous with modern elegance and the interiors are just as impressive as the exteriors. Views of La Concha mountain can be enjoyed from the garden.
Beds / Baths: 5 / 7
Built: 711 m2
Terraces: 497 m2
Plot: 2,320 m2
Price: € 12,950,000
Offering direct access to the sandy shores and scenic promenade, positioned just a short stroll from Puente Romano Beach Resort this villa presents an unrivalled blend of tranquility and accessibility to luxury facilities. The bright and inviting living and dining areas seamlessly extend to a partly covered beachfront courtyard with direct sea views.
Beds / Baths: 6 / 6
Built incl. terraces: 403 m2
Plot: 885 m2
Price on application
Located in a gated complex, ideal for those looking for comfort and luxury as it is set in one of the most prestigious areas of the entire Mediterranean region. Built on four levels, offering top qualities and great versatility as an excellent rental property or a permanent home. West-facing, the villa overlooks the sea towards the pool and communal gardens. Walking distance to the beach.
Beds / Baths: 4 / 5
Built: 446 m2
Terraces: 240 m2
Plot: 339 m2
Price: € 7,400,000
Spectacularly designed with stunning sea and mountain views, this villa is located within a few minutes’ drive to Puente Romano Beach Resort and the beach. Boasting exceptional qualities and technologies throughout, including a designer wine cellar and spa area with sauna and Hammam. Stunning double-height interiors and a 25-metre green marble pool with barbecue area and al fresco dining area.
Beds / Baths: 6 / 6
Built incl. terraces: 829 m2
Plot: 1,628 m2
Price: € 7,000,000
MILE: Lomas del Virrey | Ref: 13788 | Map: p210, Nº71
MILE: Cascada de Camoján | Ref: 14304 | Map: p211, Nº11
A collection of five exquisite villas located in Marbella’s most coveted enclave, Cascada de Camoján. The villas have the finest architecture, contemporary open plan living areas, beautifully designed kitchens, spacious master suites with walk-in dressing rooms, modernstyled terraces and pool areas with lush green gardens. Estimated completion: Spring 2026.
Beds / Baths: 5 / 6
Built: 846 - 1,027 m2
Terraces: 467 - 635 m2
Plots: 1,095 - 1,393 m2
Prices from € 7,600,000
Set in one of the most sought-after locations of the Golden Mile, only a two minute drive to the beach and Puente Romano Beach Resort, and minutes to all amenities. Beautifully finished, features include: areas to entertain guests, solarium, staff apartment and a spectacular roof terrace with superb sea views and space for an outdoor gym and chillout areas.
Beds/Baths: 5 / 5
Built: 641 m2
Terraces: 364 m2
Plot: 1,492 m2
Price: € 6,750,000
Located in this well-established beachside urbanisation with easy access to the beach and all amenities, it boasts eye-catching modernist architectural edges of glass and concrete complemented by the addition of wooden façades and botanical bricks to create vast living walls. The interiors offer designer living at its finest with the best home comforts including a 5-star spa and a high-tech domotic system.
Beds / Baths: 5 / 6
Built: 407 m2
Terraces: 144 m2
Plot: 503 m2
Price: € 5,850,000
Set in a central location within an exclusive new complex that offers 24-hour security, tropical gardens, state-of-the-art spa with sauna, gym, outdoor and indoor heated pool. Extended terraces on all levels, plus a rooftop terrace with 360º views, private pool, chill-out area, shower, outdoor kitchen with barbecue, dining and lounge area.
Beds / Baths: 4 / 4
Built: 275 m2
Terraces: 393 m2
Price: € 5,900,000
Luxurious modern villa in a central location
Stunning, recently-built villa with double height ceilings and large windows offering an abundance of natural light. Open-plan kitchen, large covered terrace and well-maintained garden with chill-out area, barbecue, swimming pool and sauna. Four ensuite bedrooms, including the master bedroom with private terrace and sea views. Walking distance to all amenities.
Beds/Baths: 5 / 4
Built: 419 m2
Terraces: 189 m2
Plot: 1,034 m2
Price: € 4,900,000
Within walking distance to the beach and Puente Romano Beach Resort. Set in a gated community with nighttime security. Designed by a renowned local architect and built to the highest specifications with top quality materials. Large living room and fully equipped designer kitchen, underfloor heating on the ground and first floors, air conditioning, private pool and garage.
Beds / Baths: 5 / 6
Built incl. terraces: 621 m2
Plot: 1,717 m2
Price: € 4,800,000
Nestled in this well-established community adjacent to Sierra Blanca, the villa enjoys a prime central location. Its elevated position gives breathtaking views of both the sea and the mountains. This architecturally stunning villa spans two spacious floors, designed with a keen eye for modern elegance and comfort.
Beds / Baths: 5 / 5
Built: 409 m2
Terraces: 59 m2
Plot: 1,533 m2
Price: € 4,790,000
Set in the tranquil and highly sought-after community of Las Lomas del Marbella Club, this Mediterranean-style villa is exquisitely refurbished, featuring a harmonious blend of timbered ceilings and natural beige stone flooring. Expansive living and dining areas centered around a charming fireplace, seamlessly extending to a covered terrace perfect for outdoor dining and lounging. Also available for rent.
Beds / Baths: 6 / 7
Built: 524 m2
Terraces: 54 m2
Plot: 1,093 m2
Price: € 3,950,000
Cruz-Conde & Asociados, es un despacho de Abogados y Economistas fundado en 1979. Está considerado como uno de los más prestigiosos y experimentados de la Costa del Sol. Cruz-Conde & Asociados cubre todas las ramas del Derecho, estando especializado en Derecho Inmobiliario y Fiscal, y cuenta con un equipo de profesionales multilingüe.
Cruz-Conde & Asociados, es un despacho de Abogados y Economistas fundado en 1979. Está considerado como uno de los más prestigiosos y experimentados de la Costa del Sol.
Cruz-Conde & Asociados, es un despacho de Abogados y Economistas fundado en 1979. Está considerado como uno de los más prestigiosos y experimentados de la Costa del Sol.
Cruz-Conde & Asociados cubre todas las ramas del Derecho, estando especializado en Derecho Inmobiliario y Fiscal, y cuenta con un equipo de profesionales multilingüe.
Cruz-Conde & Asociados cubre todas las ramas del Derecho, estando especializado en Derecho Inmobiliario y Fiscal, y cuenta con un equipo de profesionales multilingüe.
Established in 1979, Cruz-Conde & Asociados is a well-known law Firm, considered among the most prestigious and experienced in the South of Spain. The Law Firm covers all areas of Law, although it specializes in Property and Tax Law, with a multilingual team of professionals.
Established in 1979, Cruz-Conde & Asociados is a wellknown Law Firm, considered among the most prestigious and experienced in the South of Spain. The Law Firm covers all areas of Law, although it specializes in Property and Tax Law, with a multilingual team of professionals.
Established in 1979, Cruz-Conde & Asociados is a wellknown Law Firm, considered among the most prestigious and experienced in the South of Spain. The Law Firm covers all areas of Law, although it specializes in Property and Tax Law, with a multilingual team of professionals.
Blvd. Príncipe Alfonso Hohenlohe s/n, Hotel Marbella Club - OF. 7 y 8,
Blvd. Príncipe Alfonso Hohenlohe s/n, Hotel Marbella Club - OF. 7 y 8, 29602
952 76 89 76. | cruz-conde.com
Tel.: 952 76 89 76 www.cruz-conde.com
Enjoying stunning views of the sea from the expansive terrace and private solarium. Recently renovated with high-quality materials, featuring marble floors and stucco walls. Secure and exclusive entry directly into the penthouse via a private lift. Private gym with sauna and Hammam. Sold fully furnished, including two parking spaces and two storage rooms in the basement.
Beds / Baths: 3 / 3
Built: 202 m2
Terraces: 227 m2
Price: € 3,900,000
GOLDEN MILE: Rocío de Nagüeles | Ref: 14687 | Map: p211, Nº16
Set in a quiet area of Rocío de Nagüeles, one of the most sought-after residential areas in Marbella, with convenient access to the highway, just minutes to the centre of Marbella. Built with excellent qualities and boasting floor-to-ceiling windows that allow the flow of natural light into all the rooms. Master bedroom features an integrated Jacuzzi on the terrace. Sold fully furnished, ready to move into.
Beds / Baths: 5 / 4
Built: 437 m2
Terraces: 177 m2
Plot: 1,138 m2
Price: € 3.850,000
Located close to Puente Romano Beach Resort, the plot is very private and enjoys an unbeatable tranquility despite having all kinds of services just a few steps away. Master bedroom with fireplace, ensuite bathroom and dressing room, connected to the terrace and garden with private pool. Great investment potential for holiday rentals. Possibility to extend by approximately 80 m2
Beds / Baths: 3 / 3
Built: 212 m2
Terraces: 51 m2
Plot: 1,000 m2
Price: € 2,700,000
West-facing and distributed over three levels plus solarium. Lower level includes potential for an additional ensuite bedroom, cinema room, gym, and lounge. Immense rooftop solarium with summer kitchen and covered chill-out area. Bright and spacious living room with open-plan kitchen and breakfast bar. Heated saltwater swimming pool and garden accessible through quality sliding windows.
Beds / Baths: 3 / 3
Built: 401 m2
Terraces: 72 m2
Plot: 379 m2
Price: € 2,750,000
Lomas del Rey is a luxury, gated community close to all amenities, the Puente Romano Beach Resort and just 800 meters from the beach. This exceptional penthouse has stunning mountain views and an elegant and modern interior design of excellent quality, equipped with cuttingedge technology. Master suite with high ceilings and dressing room.
Beds / Baths: 3 / 3
Built: 163 m2
Terraces: 113 m2
Price: € 2,700,000
Nueva Andalucía is divided into two basic areas: the eastern section, comprising the area of Las Brisas del Golf and other sectors of higher quality villas and some areas of apartments, and the western section which is separated from Las Brisas del Golf by a very high ridge and comprises less expensive properties, including the village of La Campana, La Torre de Andalucía, and small villas and townhouses stretching down to the main road. The eastern section includes the famous Las Brisas Golf Course, a Robert Trent Jones championship course inaugurated in 1968, along with a beautiful golf club and hotel, and the Los Naranjos Golf Course also designed by Trent Jones, and inaugurated in 1977. To the east of Nueva Andalucía is the urbanization Aloha Golf, with yet another
excellent golf course, club and restaurant. To the west is the La Quinta Golf course, comprising three 9-hole courses, a hotel and high quality villas and town houses, all created by the incredibly successful property developer and hotel owner, Ricardo Arranz.
Puerto Banús. José Banús came from a family of builders and had achieved great success in building low income properties in Madrid and other cities in Spain. His project in Marbella was called “crazy” and “stupid” when he announced his plans, however his vision proved absolutely spot on, with incredible success achieved in the 70’s and the worldwide acclaim for the imagination in the design and architecture of Puerto Banús.
NUEVA ANDALUCÍA: Aloha | Ref: 14916 | Map: p212, Nº26
This gorgeous villa stands out for its style, blending traditional Andalusian-style with Moorish influences, creating a palatial residence that is both enchanting and evocative. It is not merely a home; it is an immersive experience that captures the essence of its surroundings.
Positioned on a sprawling plot of more than 4,000 m2, the villas outdoor spaces are a testament to thoughtful design.
Beds / Baths: 10 / 11
Built: 1,200 m2
Terraces: 267 m2
Plot: 4,350 m2
Price: € 10,850,000
Close to Los Naranjos Golf Course and in the heart of the Golf Valley this sleek, classical villa is a veritable oasis centered around a picturesque courtyard adorned with olive trees and lavender. Ample outdoor entertaining space with a beautiful pool and mature gardens. Lavish master suite with its own terrace and walk-in wardrobe. Other features include an entertainment room, gym and cinema area.
Beds / Baths: 6 / 6
Built incl. terraces: 712 m2
Plot: 2,350 m2
Price: € 8,975,000
NUEVA ANDALUCÍA: Atalaya de Río Verde | Ref: 15078 | Map: p212, Nº20
Showcasing contemporary elegance and striking architecture, the façade features a stunning water feature. Meticulous landscaping and well-manicured gardens offer an oasis for relaxation and outdoor enjoyment. Generous terraces include alfresco dining areas, a chill-out zone, outdoor kitchenette, and barbecue. Other features include floorto-ceiling glass sliding doors and an open plan living design.
Beds / Baths: 6 / 7
Built: 843 m2
Terraces: 314 m2
Plot: 1,107 m2
Price: € 8,500,000
Situated in a luxurious beachfront complex next to Puerto Banús. This exceptional complex offers unrivalled amenities and direct access to the beach from the communal gardens. Recently renovated, it features a spacious living room seamlessly integrated with an open-plan modern kitchen and dining area. In total, it boasts four terraces: two covered on the main level and two open on the upper level.
Beds / Baths: 3 / 3
Built: 221 m2
Terraces: 294 m2
Price: € 6,500,000
BANÚS: Gray D’Albion | Ref: 14369 | Map: p212, between Nº21 - 22
Enjoying unparalleled sea views and exquisitely finished, having been renovated to the highest specifications. The location of this property is second to none: frontline beach in the very heart of Puerto Banús. Gray D’Albion is known for its impressive Arabic-style architecture, secluded mature gardens with pools, fountains and water features.
Beds / Baths: 4 / 4
Built: 280 m2
Terraces: 37 m2
Price: € 5,950,000
Located second line to Las Brisas golf course on a large, elevated plot in the Golf Valley with uninterrupted views of the golf course and La Concha mountain. Ample room for living and entertaining with a total of seven ensuite bedrooms. Features include: enormous rooftop solarium with stunning views, a beautiful garden lounge with air-conditioning, state-of-the-art security system and bullet-proof windows.
Beds / Baths: 7 / 7
Built: 669 m2
Terraces: 85 m2
Plot: 1,590 m2
Price: € 4,750,000
This villa is a wonder of modern architecture, with views to the majestic La Concha mountain. Located in the Golf Valley of Nueva Andalucía its south-facing orientation ensures an abundance of natural light throughout the day. Amazing rooftop with jacuzzi and beautiful views.
Solarium with fireplace and outdoor kitchen, basement with English courtyard, spa, gym and much more!
Beds / Baths: 6 / 6
Built: 604 m2
Terraces: 155 m2
Plot: 1,082 m2
Price: € 4,175,000
NUEVA ANDAUCÍA: La Cerquilla | Ref: 14743 | Map: p212, near Nº 27
Located in the prestigious gated community of Parcelas del Golf, offering 24-hour security and surrounded by mature gardens. Newlyrenovated with a sophisticated design and sustainable features. Lovely open-plan layout on the ground floor. Chef’s dream kitchen, plus large barbecue and entertaining area. Extremely well located, next to highend restaurants, shops and pharmacies.
Beds / Baths: 4 / 5
Built: 266 m2
Terraces: 272 m2
Plot: 1,021 m2
Price: € 3,995,000
NUEVA ANDALUCÍA: Parcelas del Golf | Ref: 15005 | Map: p212, below Nº28
NUEVA ANDALUCÍA: Las Brisas | Ref: 13831 | Map: p212, Nº28
Set on a large, elevated plot with golf and mountain views, this home has been refurbished and extended, now with seven ensuite bedrooms and distributed over three levels. Large, mature and wellmaintained garden with barbecue area and infinity pool. Las Brisas is one of the most exclusive communities, within a short drive to golf clubs, restaurants and international schools.
Beds/Baths: 7 / 7
Built: 742 m2
Terraces: 143 m2
Plot: 1,783 m2
Price: € 3,200,000
PUERTO BANÚS: Casanova | Ref: 10048 | Map: p , Nº
NUEVA ANDAUCÍA: Aloha | Ref: 14921 | Map: p212, Nº26
Enjoying a privileged location with close access to the best restaurants and golf courses in the area, just five minutes from Puerto Banús. Surrounded by a beautiful mature garden and distributed over two levels. It is in perfect condition, having been recently refurbished. The price is unbeatable, given the high value of the area and proximity to all amenities.
Beds / Baths: 6 / 6
Built: 366 m2
Terraces: 61 m2
Plot: 1,048 m2
Price: € 2,990,000
NUEVA ANDALUCÍA: Peñablanca | Ref: 14879 | Map: p212, Nº26
Located in a prestigious gated community next to Aloha Golf Club and set on a double plot, this elegant one-story semi-detached villa offers an unparalleled level of comfort and luxury. Completely renovated, the interior boasts a spacious living room with direct access to a terrace and garden with southwest orientation, kitchen with integrated wine cellar and three luxurious ensuite bedrooms.
Beds/Baths: 3 / 3
Built: 263 m2
Terraces: 27 m2
Plot: 963 m2
Price: € 2,300,000
Ideally located in a serene cul-de-sac, this exceptionally unique and attractive villa is just a short stroll away from both Centro Plaza and Puerto Banús. The interiors are bathed in natural light, streaming through modern double-glazed doors and windows, creating a bright and airy atmosphere. The current owners have implemented numerous updates, transforming the villa into an idyllic year-round holiday retreat.
Beds/Baths: 4 / 3
Built: 258 m2
Terraces: 42 m2
Plot: 637 m2
Price: € 1,895,000
San Pedro de Alcántara is situated in the fertile plain of the same name, Vega de San Pedro Alcántara, a broad stretch of coastal lowland surrounded by rugged hills. It’s just 10 kilometres west of Marbella, a few minutes drive away from the Sierra de Ronda mountain range and 20 km from Estepona. An ancient farming community, once famous for sugar cane, today San Pedro is a refreshingly unspoilt pueblo. Historical attractions include the 3rd Century Roman Baths and the Paleochristian Basilica Church. With a long, sandy beach and exquisite restaurants, locals can enjoy a long walk on the promenade followed by a delicious meal out. Another popular location is the Plaza de la Iglesia with its gracious parish church and surrounding narrow streets which are packed
with intriguing shops, sidewalk cafés and bars.
Guadalmina, a mature urbanization mostly developed between 1960 and 1990, is located just west of San Pedro and is essentially a beachside community that stradles the A7/N340 road, dividing it into Guadalmina Alta and Guadalmina Baja. Some of the areas most prestigious villas are found here. Its west boundary runs along the Guadalmina River which is also the Marbella / Estepona boundary.
Casasola is connected to Guadalmina by a bridge and has a recently installed infrastructure with many new homes built over the last 15 years.
SAN PEDRO: Guadalmina Baja | Ref: 13904 | Map: p213, Nº35
Only a few steps from the beach in the peaceful and private community of Guadalmina Baja, close to schools, shops, golf courses and restaurants. Features include: private lift, gym, spa with sauna, Jacuzzi, Turkish bath and ice fountain, cinema, wine cellar, billiard room, separate staff quarters and a 6-car garage. A rare opportunity to purchase a residence on a large plot of nearly 5,000 m2
Beds / Baths: 8 / 8
Built: 1,818 m2
Terraces: 189 m2
Plot: 4,932 m2
Price: 9,700,000
Set in an exclusive gated community of just seven modern villas with 24-hour security, currently under construction. Great location in the heart of Cortijo Blanco, just a few steps from the beach. Special features will include: underfloor heating throughout, Bang & Olufsen sound system, Siemens appliances, pool water feature, solarium with pool, electric car charger and much more. Completion: 2026.
Beds/Baths: 4 / 4
Built: 431 m2
Terraces: 246 m2
Plot: 812 m2
Price: € 3,490,000
This beautiful beachside family home is set in the sought-after community of Cortijo Blanco, between San Pedro and Puerto Banús, just steps from the beach and all amenities. Rustic-style kitchen with a maid’s room and laundry area. Spacious master ensuite bedroom with walk-in wardrobe and study. Lovely mature garden with majestic old trees, saltwater pool, and a pool house with toilet.
Beds/Baths: 5 / 4
Built: 365 m2
Terraces: 43 m2
Plot: 1,000 m2
Price: € 3,300,000
SAN PEDRO: Cortijo Blanco | Ref: 14611 | Map: p212, Nº33
SAN PEDRO: Altavista | Ref: 14836 | Map: p212, north of Nº34
Effectively combining luxury style with ecological architecture.
Distributed over three levels plus a versatile solarium with a chill-out area. The saltwater pool features a contemporary design with ecofriendly elements. This small development, with just five villas, offers communal outdoor spaces that include a children’s play area, a forestlike garden, and quiet relaxation corners.
Beds / Baths: 5 / 4
Built: 469 m2
Terraces: 258 m2
Plot: 510 m2
Price: € 2,400,000
Superbly located right behind the San Pedro beach and promenade, this is a meticulously refurbished duplex penthouse. Boasting an enviable southeast orientation, the residence is bathed in natural sunlight throughout the day and showcases mesmerizing views of the mature communal gardens and the sea. Two large terraces on the upper level with barbecue, kitchenette, chill-out area and Jacuzzi.
Beds / Baths: 3 / 3
Built: 114 m2
Terraces: 146 m2
Price: € 1,995,000
The Benahavís municipality comprises about 145 km2 and encompasses some of Europe’s finest residential addresses such as La Zagaleta, El Madroñal, La Quinta, the Marbella Club Golf Resort, Los Flamingos, Monte Mayor, Real de La Quinta, Los Arqueros and Reserva de Alcuzcuz, and many others. Situated on the south face of the Serranía de Ronda, just seven kilometres from the sea, the village of Benahavís is one of the western Costa del Sol’s most mountainous villages renowned for its gourmet restaurants with some calling it the “dining room of the Costa del Sol”. Boasting 12 of the Costa del Sol’s 70 golf courses, it is also a hotspot for golf lovers.
La Quinta lies within the Benahavís municipality on the border between Nueva Andalucía and the open countryside. It has a distinct country club feel and is a very popular venue for both holiday homes and year-round living.
La Zagaleta is the most prestigious and exclusive residential country club in Europe. Set within a 900-hectare former hunting estate, it has two private golf courses and an Equestrian centre. Given it’s elevated position, the homes in La Zagaleta offer the most spectacular views to the immediate countryside and the Mediterranean sea.
BENAHAVÍS: La Zagaleta | Ref: 14572 | Map: p212, Nº32
A beautiful family home on one of the best plots in La Zagaleta, close to the northern entrance and boasting panoramic sea, golf and mountain views. Completely private, the house is distributed over three levels and every room has access to the terrace and garden with superb views. Special features include a games room, wine cellar and gym. Staff quarters and a garage for up to three cars.
Beds / Baths: 8 / 8
Built: 1,328 m2
Terraces: 156 m2
Plot: 4,704 m2
Price: € 14,900,000
BENAHAVÍS: La Zagaleta | Ref: 13737 | Map: p212, Nº32
Located in the exclusive estate of La Zagaleta, offering 24-hour security and complete privacy, this mansion was designed to maximize the splendid panoramic sea and mountain views, which can be enjoyed from every level of this impressive residence. Recently renovated with underfloor heating, solar panels, spa area, gym, entertainment room and a beautiful bodega. Garage for up to four cars.
Beds / Baths: 8 / 8
Built: 1,674 m2
Terraces: 228 m2
Plot: 6,847 m2
Price: € 12,900,000
BENAHAVÍS: La Zagaleta | Ref: 15047 | Map: p212, Nº32
This incredible home in La Zagaleta is situated close to the north gate and offers a combination of luxurious living spaces, stunning views and proximity to world-class amenities. Spectacular views from every angle of the property. Features include an expansive basement with sauna, gym, wine cellar with bar, and large games room. The outdoor areas of the villa feature a lush garden with beautiful pool and gazebo.
Beds / Baths: 7 / 7
Built incl. terraces: 1,308 m2
Plot: 4,524 m2
Price: € 8,950,000
BENAHAVÍS: La Zagaleta | Ref: 13432 | Map: p212, Nº32
An exceptional villa that epitomises modern luxury and Scandinavian design, situated within the prestigious La Zagaleta Country Club.
Completely renovated and crafted with top-quality materials.
Offered fully furnished and decorated with exceptional furniture.
A perfect blend of elegance and functionality with stunning sea and mountain views.
Beds / Baths: 6 / 6
Built: 834 m2
Terraces: 390 m2
Plot: 4,017 m2
Price: € 7,800,000
BENAHAVÍS: Real de la Quinta | Ref: 12114 | Map: p212, Nº29
This luxury development of 18 design-led villas has uninterrupted sea views to Gibraltar and Africa beyond, and is just 15 minutes from Marbella and 10 minutes from the Golden Mile. Private, gated community within Real de La Quinta (also gated). All villas include a multi-use basement that can be customised to requirements. Offered with the option of purchasing the designer furniture, fittings and decorations.
Bedrooms: 3-4 ensuite
Built: 609-756 m2
Terraces: 88-161 m2
Plots: 1,107-10,005 m2
Prices starting at: € 5,995,000
This stately property is built to very high standards with materials collected from all over Spain, and meticulous attention to details. Built around a central patio, the many special features include: separate selfcontained apartment, small gym, orchard, restored antique terracotta tiling and solid oak wooden floors in bedrooms. A stunning property, surrounded by nature with views towards the mountains and sea.
Beds / Baths: 6 / 6
Built: 892 m2
Terraces: 125 m2
Plot: 3,238 m2
Price: € 6,650,000
BENAHAVÍS: El Madroñal | Ref: 13756 | Map: p212, Nº31
BENAHAVÍS: La Quinta | Ref: 14991 | Map: p212, Nº29
Impressive villa located within a spectacular natural setting and surrounded by luxury properties. The expansive terraces and stunning infinity pool are standout features, offering an exceptional outdoor living experience with lovely views of the Mediterranean Sea. The villa’s open-plan design seamlessly connects all living areas and is the perfect balance of indoor/outdoor living.
Beds / Baths: 5 / 5
Built incl. terraces: 678 m2
Plot: 1,000 m2
Price: € 6,500,000
BENAHAVÍS: El Madroñal | Ref: 14127 | Map: p212, Nº32
A recently-built, charming villa with Andalusian touches surrounded by a beautiful pine and cork forest and with views over the coast. Distributed over two levels and designed by the renowned architect César de Leyva with warm and elegant rooms. Exquisitely furnished and finished to the highest specifications. Offered fully furnished and ready to move into.
Beds / Baths: 5 / 5
Built: 552 m2
Terraces: 128 m2
Plot: 3,092 m2
Price: € 5,750,000
BENAHAVÍS: Los Almendros | Ref: 15129 | Map: p212, below Nº 32
Located in an exceptionally beautiful area in the hills above San Pedro town, this impressive villa is positioned on a flat plot of land on a hilltop in Los Almendros in a gated community. Overlooking the Los Arqueros Golf Course with unparalleled views of the Mediterranean Sea and the mountains of Andalusia. Only a 10-minute drive from Puerto Banús.
Beds / Baths: 6 / 7
Built: 761 m2
Terraces: 72 m2
Plot: 3,000 m2
Price: € 5,500,000
BENAHAVÍS: Marbella Club Golf Resort | Ref: 11693 | Map: p212, Nº32B
This very private, superb family home is surrounded by nature and set in the prestigious Marbella Club Golf Resort, a world-class 18 hole course with club house, restaurant, championship horse riding facilities and 24-hour security. A Mediterranean-style villa, immaculately kept and enjoying stunning views. Features include: independent guest quarters, a self-contained apartment and a garage for three cars.
Beds / Baths: 7 / 7
Built: 794 m2
Terraces: 89 m2
Plot: 4,746 m2
Price: € 4,500,000
Located on the lush hillsides of Benahavís, this sprawling property features Spanish-style architecture with terracotta roofs, whitewashed walls and intricate tile work. It is surrounded by nature and within a gated community offering 24-hour security. Spacious living room with a cosy fireplace, formal dining room and gourmet kitchen equipped with state-of-the-art appliances. Potential for renovation.
Beds/Baths: 7 / 7
Built: 1,090 m2
Terraces: 179 m2
Plot: 5,000 m2
Price: € 4,350,000
BENAHAVÍS: El Madroñal | Ref: 12772 | Map: p212, Nº31
BENAHAVÍS: Monte Mayor | Ref: 14460 | Map: p212, Nº32B
This impressive residence boasts a graceful, arc-shaped architectural design, with the main house on a single, expansive level. The villa has been designed to merge seamlessly with its environment and features green roofs. This area of Monte Mayor is one of the most private and tranquil. Every room in the property offers unobstructed views to the sea and the picturesque mountain landscape.
Beds / Baths: 5 / 5
Built: 450 m2
Terraces: 556 m2
Plot: 2,345 m2
Price: € 3,500,000
The New Golden Mile starts at the Río Guadalmina just west of San Pedro de Alcántara, and stretches all the way to Estepona. The term ‘New Golden Mile’ was born during the property boom in the early 2000’s and is commonly used on the coast even though it’s not really an official name.
The area has now become one of the coveted hot spots of the Costa del Sol’s property market with a huge variety of desirable homes in all price ranges, and an amazing number of development projects underway due to the greater availability of the land than in the Marbella area. The area is comprised of many elegant , sought-after urbanizations, including Atalaya Park, Benamara, El Paraíso, Paraíso Alto,
Costalita, Torre Bermeja, Selwo, Alcazaba Beach, and many others, as well as exclusive villas, apartments, townhouses and hotels. Big name group hotels like Ikos and The Mett have recently opened here.
The majority of the beachfront urbanizations, including Velaya on the east of Estepona and The Edge on the west, offer 24-hour security, pools, sea views, tropical gardens, direct access to the beach and are walking distance to amenities and restaurants.
Designed in the traditional Andalusian country-style and set in a green valley, against the backdrop of the Sierra Bermeja mountains with stunning views across an avocado orchard down to the sea. Built around an interior courtyard with trees, fountains, pool and covered terraces the property enjoys 60 hectares of rural land. Features include a heliport with hangar and refueling tank.
Beds / Baths: 10 / 10
Built: 892 m2
Terraces: 425 m2
Plot: 600,045 m2
Price: € 7,500,000
Exclusive corner semi-detached villa in a beachfront residential complex. Its privileged location, facing the Mediterranean Sea, offers unparalleled views. The community is a small urbanization of modern and timeless homes, with a palette of neutral colours and materials of the highest quality. Floor-to-ceiling sliding windows facilitate a seamless transition between indoor and outdoor spaces.
Beds / Baths: 4 / 3
Built: 371 m2
Terraces: 145 m2
Price: € 4,500,000
Located within the prestigious Las Dunas Park, an exclusive beachfront community renowned for its luxurious amenities and breathtaking surroundings. Positioned to maximise stunning views of meticulously manicured gardens and the azure Mediterranean sea, it offers an unparalleled living experience. Recently fully renovated to the highest standards.
Beds / Baths: 3 / 2
Built: 172 m2
Terraces: 102 m2
Price: € 4,250,000
Wonderful contemporary villa with south and southeast orientation, in a residential community with 24-hour security. Set on an elevated plot with panoramic views of the golf course, the mountain and the sea. Boasting a huge open-plan layout that includes a fully equipped kitchen, living/dining room with double height ceiling and access to a very spacious covered terrace overlooking the pool area.
Beds / Baths: 8 / 7
Built: 943 m2
Terraces: 256 m2
Plot: 1,286 m2
Price: € 3,995,000
Completely renovated and located in the prestigious Torre Bermeja resort in Estepona this residence boasts stunning views from the ample terraces, which overlook lush, mature community gardens and the sea. The modern yet cosy décor creates a warm and inviting ambience, featuring many custom-designed pieces specifically made for this home.
Beds / Baths: 3 / 3
Built: 142 m2
Terraces: 60 m2
Price: € 1,825,000
Marbella East started to be developed in the midsixties and has some of Marbella’s most beautiful beaches, including the Las Dunas de Artola, 1,200 metres of protected natural beach area in Cabopino, declared a Natural Monument in 2001, first-class golf courses and green zones covered by pine trees and cork oaks. This residential, mostly family, area offers stunning communities such as the Río Real golf development, La Reserva de Los Monteros, Los Altos de Los Monteros, Bahía de Marbella, Los Monteros, Costabella, El Rosario, Elviria, Las Chapas, Hacienda Las Chapas, Marbesa, the natural reserve of La Mairena, and many more, up-to and including Cabopino and its pretty little
sporting marina. Along the coastline we find some of the most trendy beach clubs such as Nikki Beach, La Cabane and Trocadero Arena among others. The area also boasts international schools, tennis & leisure clubs, clinics, vets and many of the finest restaurants, cafés and shops. Marbella East is also ideal for golf lovers with four 18-hole golf courses and three 9-hole golf courses on a stretch of 10 kilometres.
Marbella East has something to suit most tastes and budgets. You can find luxurious and opulent villas, modern apartments and typical Andalusian homes, including fincas and country houses.
A truly exceptional classical property offering an unparalleled lifestyle and breathtaking 180º panoramic views stretching from Fuengirola to Marbella. Perched on an expansive plot of nearly 60,000 m2
Special features include 22 valuable antique doors, handmade tiles commissioned in Seville, four indoor fireplaces, one outdoor and much, much more!
Beds / Baths: 6 / 5
Built: 1,323 m2
Terraces: 193 m2
Plot: 59,976 m2
Price: € 10,500,000
Located in one of the best areas east of Marbella, this south-facing impressive property boasts a tropical pool and gardens, gazebo, barbecue, entertainment area, garage for 10 cars, full-sized tennis court on the top level, along with a sunbathing area that has the most spectacular views available on the coast. Set on one of the best avenues of Hacienda Las Chapas.
Beds / Baths: 7 / 8
Built: 840 m2
Terraces: 396 m2
Plot: 5,145 m2
Price: € 8,900,000
This home sits on a plot of over 5,000 m2 and is built for the Marbella climate with huge outdoor living spaces consisting of both covered and uncovered terraces, sunbathing areas and plenty of facilities to enjoy living outdoors all year round. The house has a charming central patio, reminiscent of the traditional Andalusian cortijo and mature gardens.
Beds / Baths: 6 / 6
Built: 871 m2
Terraces: 156 m2
Plot: 5,965 m2
Price: € 4,950,000
Offering panoramic sea views and located next to one of Marbella’s finest sandy beaches. Within a 5-minute drive to Marbella centre, this unique property is a true gem that has been completely remodeled and carefully decorated by a renowned interior designer. Convenient lift connecting the penthouse to the basement garage with parking space and storage room.
Beds / Baths: 4 / 4
Built: 206 m2
Terraces: 96 m2
Price: € 4,995,000
Recently renovated and situated within the prestigious beachfront community of La Morera, this duplex penthouse ranks among the most exclusive properties of its kind. The complex offers an unparalleled living experience with both indoor and outdoor pools, gym and sauna. Strategically positioned, the penthouse captures breathtaking views of the lush gardens and the Mediterranean Sea.
Beds/Baths: 4 / 4
Built: 256 m2
Terraces: 203 m2
Price: € 4,995,000
Located in the prestigious Marbesa area of Marbella East, this modern masterpiece is an award-winning property honoured at the European Property Awards for its outstanding design and exceptional features. Just steps from the beach and close to Marbella centre, this villa offers an ideal blend of convenience and tranquility, with breathtaking sea and mountain views.
Beds/Baths: 4 / 4
Built: 329 m2
Terraces: 162 m2
Plot: 1,350 m2
Price: € 4,950,000
Handpicked luxury villas, apartments and townhouses in incredible locations, for both long and short-term rent in Marbella and the surrounding areas. Renting a property offers the perfect opportunity to experience life in Marbella and helps to decide on the ideal property, if you’re thinking of buying.
Panorama offers a fully personalised service using our direct database of handpicked quality rentals. From apartments to townhouses and villas, we negotiate the best terms and see our clients through the contract procedure, as well as settling them in and assisting throughout the whole tenancy.
Our small team of highly experienced consultants speak English, Spanish, French and German. Come and see us for an informal chat, we’re opposite the Marbella Club Hotel.
Call us on: (+34) 952 901 015 or email: rentals@panorama.es
PANORAMA LIMITS ITSELF TO ACT AS AN INTRODUCTORY AGENCY, AND THAT IN ALL CASES, UNLESS INDICATED OTHERWISE, THE OWNER, OR A PARTY REPRESENTING THE OWNER, WILL ACT AS RENTAL MANAGER (“TITULAR RESPONSIBLE”) DURING THE RENTAL PERIOD.
Over the last decade, Marbella has developed into a key European destination for all sorts of events: weddings, corporate functions, reality shows, photoshoots, Netflix productions, international films, TV shows and music videos. These are some of our most luxurious villa rentals, all ideal for these type of events.
Ref. 13064
Puerto Banús
A legendary villa next to Puerto Banús that even has a hand painted dedication by Picasso on the floor of the pool!
Beds: 9 Baths: 9
Built: 1,757 m2
Price: €80,000 p/week
VUT/MA/40936
Contact our rental department for more information and to make reservations: Tel: (+34) 952 901 015 or Email: rentals@panorama.es
Ref. 13998
Los Flamingos
Incredible Spalike villa, ideal for wellness holidays. Perfect for large families or groups.
Beds: 15 Baths: 15
Built: 2,175 m2
Price: €75,000 p/week VUT/MA/06472
Ref. 13570
Golden Mile
Originally built in the 60’s this hidden gem is a perfect example of the Golden Era of Marbella. Frontline beach.
Beds: 15 Baths: 15
Built: 2,285 m2
Price: €14,000 p/day VUT/MA/09441
The modern design creates spacious contemporary interiors. On the ground floor there is an open plan living-dining room and kitchen, plus double bedroom ensuite and on the first floor, two further bedrooms and the master bedroom. Lovely large terrace accessed from the bedrooms overlooks the gardens and wraps around to reveal stunning mountain views. Also available for short-term rent (price on application).
Beds/Baths: 3 / 3
Built: 300 m2
Terraces: 800 m2
Long-term: € 9,000 p/month
Next to the five-star Puente Romano Beach Resprt, this spacious property offers picturesque views over the lush, mature tropical gardens, swimming pool and sea. Accommodation comprises: entrance hall, fitted kitchen, spacious living/dining room with fireplace and access to the ample terrace area, master bedroom with ensuite bathroom and second bedroom with ensuite bathroom.
Beds/Baths: 2 / 2
Built: 176m2
Terraces: 35 m2
Short-term: € 5,250 p/week
VUT/MA/36014
Set in one of the most exclusive urbanizations within walking distance to Puerto Banús, this beautifully renovated villa epitomizes luxury and comfort. Located in the prestigious 24-hour security community of La Alzambra, the villa boasts five double bedrooms, each with its own ensuite bathroom, ensuring utmost privacy and convenience for every resident and guest.
Beds/Baths: 3 / 2
Built: 402 m2
Terraces: 236 m2
Long-term: € 11,000 p/month
Brand-new luxury and contemporary apartment located in a new development in Sierra Blanca. The apartment block lies in a quiet corner and enjoys the privacy of a direct entrance. It features floor-toceiling windows which afford the home fantastic bright interiors and beautiful sea views. A very spacious and bright living/dining room with access to a large, south-facing terrace with stunning sea views.
Beds / Baths: 4 / 4
Built incl. terraces: 334 m2
Long-term: € 10,000 p/month
This immaculate, fully renovated first-floor apartment offers partial sea and garden views in the highly sought-after beachfront complex of Marina Puente Romano. The property features a spacious living and dining area, complemented by a superb open-plan modern kitchen. This space seamlessly extends to a lovely covered terrace, providing picturesque views of the communal gardens, pool and sea.
Beds/Baths: 3 / 3
Built: 141 m2
Terraces: 43 m2
Short-term: € 1,200 p/day VUT/MA/03077
Beautiful, top quality villa in a great location with easy access. The house enjoys a private garden with a lovely pool area, fully fitted kitchen and terrace with barbecue. Spacious living room with fireplace and access to a covered terrace and the garden, plus a large ensuite master bedroom with a fabulous bathroom and terrace. Indoor pool with sauna, laundry room, underground parking for two cars.
Beds / Baths: 5 / 5
Built: 544 m2
Plot: 1,083 m2
Short-term: € 15,000 p/week
VUT/MA/79595
