The Marbella Property Magazine Volume 14

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A Letter from THE MAYOR

As mayoress of Marbella, it is an honour to once again have the opportunity to address the readers of ‘Marbella Property Magazine’. This edition is published entirely by Panorama, Marbella’s longest established real estate agency and has become a trusted and respected source of information for those who want to stay up-to-date with the latest developments and news of the area’s real estate sector. Marbella is now considered a safe haven when it comes to attracting investors, and the Clover family, who have been closely linked to the real estate sector since 1904 in the United States, and in our city since 1970 with their company Panorama, knows this better than anyone.

I would therefore like to take this opportunity to thank individuals like Christopher Clover and his children Alex and Katinka and the rest of the Panorama team, for their steadfast and continuous commitment to the promotion of Marbella, decade after decade. Our city would not be the same without companies like Panorama, who seek the level of quality and excellence so closely linked to our brand image and prestige that makes more and more people see our town as an ideal place to visit, live and invest.

In this respect, in the Marbella Town Hall, we have always been very clear about our commitment to make our best efforts to make Marbella distinguish itself from other resort destinations by offering a one-of-a-kind blend of world-class hotels, properties, services and facilities, solidifying our position as one of the most significant resort cities in the world.

However, at the local Administration we are never satisfied with our efforts and we continue to take firm steps to move forward in all areas and especially those highly sensitive ones such as the legal security in town planning. In this respect, the Plenary Session of the Town Hall has recently approved the new General Municipal Development Plan (PGOM) of

Marbella, the first of its type in all of Andalucía, adapted to comply with the new law for the Promotion of Territorial Sustainability in Andalusia (LISTA). The PGOM is a document that delimits and articulates territories, allocates resources and opens the door to new important hotel, educational, sports and social projects, following the model of the “garden city”. In addition to the approval of the PGOM, we also have final approval of the Municipal Housing and Land Plan of Marbella, which anticipates an investment of more than 82 million euros, of which 15 million will come from the Town Hall itself, and will be used over the next five years for the development of 3,850 properties, 700 of which will be social housing.

We want to continue on this road working hand in hand with our companies, our entrepreneurs, our investors and our neighbours so that Marbella continues to be a sustainable, prosperous quality destination with the infrastructures that a leading city like ours deserves. Thanks to all of you who make this possible.

Ángeles Muñoz, Mayor of Marbella

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: Wayne Chasan, Charly Simon, Kevin Horn, Pedro Jaén, Daniel Posner, MiMove, Property Sales Tools

Front Cover Image: Charly Simon

Contributors: Christopher Clover, Alex Clover

Advertising enquiries: Katinka Clover

Tel: (+34) 952 774 266

Fecha de Publicación: septiembre 2023

Domicilio Social: Edif. Centro Expo, Blvd. Alfonso de Hohenlohe, s/n 29602 Marbella, Málaga, España

Depósito Legal: MA-4432004

PANORAMA y el logotipo de Panorama son marcas registradas. Marbella Property Magazine es una marca registrada.

Impreso en España por Jiménez Godoy.

Copyright © 2023 Panorama Properties S.L. Todos los derechos reservados.

Ninguna parte de la presente publicación, su formato o la información en ella contenida

puede ser reproducida, vendida, traducida, transmitida o retenida en ningún tipo de sistema de almacenamiento o de recuperación de información sin el consentimiento previo por escrito del editor. Se ha hecho todo lo razonablemente posible para asegurarse de que la información contenida en la presente publicación sea exacta. No se acepta, sin embargo, responsabilidad alguna por cualquier perjuicio sufrido, de la forma que fuere, por cualquier sociedad o persona que confíe en la información aquí incluida. Tampoco se acepta responsabilidad alguna por cualquier error u omisión o cambio en la información contenida en la presente publicación.

The Marbella Property Magazine is brought to you by Panorama, Marbella’s longest established real estate agency.

The Panorama Team, Summer 2023

Marbella Property MARKET REPORT 2023-2024

By Christopher Clover

Christopher Clover has been writing about the Marbella Property Market for over 50 years

The residential property market in the Marbella area has seen an extraordinary surge, achieving unprecedented levels of sales activity at all price levels.

This remarkable growth has extended to all sectors of the Marbella economy, including tourism, the opening of new prestige hotels and restaurants, construction of new properties, refurbishment of older ones, and virtually all of the service and hospitality industries.

Many have described the heightened activity since the end of the pandemic as intense, almost frenetic.

THE LUXURY MARKET REACHES HISTORIC LEVELS WORLDWIDE

The luxury market has seen historic levels, not only in property, but in all other sectors of luxury goods and services around the world. The top end of the market has been defying the pessimism present in some other economic market sectors.

While the pandemic has undeniably caused a lot of hardships for many people and sectors, the wealthiest have witnessed a record rise in their overall assets and wealth. According to Forbes, there are 2,640 billionaires as of May 2023. To put this into some context, this is almost 20 times the amount there were in 19871. There is more liquidity among the wealthy

today than ever before. This, of course, fuels the luxury property market not just in Marbella, but worldwide.

Take the luxury car market as an example: at the beginning of 2023, Rolls-Royce reported record orders for the year, despite an average price tag of around half a million euros for their luxury cars. And pre-orders for their fully-electric Spectre model, due to go on sale at the end of 2023, have exceeded all expectations.2

Or Ferrari. Between January and September of 2022 sold 20% more cars than in the same period the previous year.3 And the privately-held fashion and beauty giant, Chanel, saw sales rise 17% reaching $17 billion in 2022.4 While Richemont, who owns Cartier,

1. Forbes: “Forbes’ 37th Annual World’s Billionaires List: Facts And Figures 2023”

2. Reuters: “Rolls-Royce rides ongoing luxury demand to sales record in 2022”, 9 January, 2023

3. The Economist: “The priciest cars are selling fast”, 12 January, 2023

4. Business of Fashion: “Chanel to Double Capital Investments, Bolster ‘Ultimate Luxury Experience”, 25 May, 2023

Van Cleef & Arpels, Jaeger-LeCoultre and Piaget, among others, also reported historic sales in 2022.5

Almost everywhere we look, the same trend continues. LVMH Moët Hennessy Louis Vuitton became the first European company to reach a $500bn market value,6 while 95% of luxury brands overall enjoyed a positive compound annual growth rate in 2022. Travel is booming, five-star hotels are enjoying record occupancy around the world. Despite economic headwinds and a slow down this year in the American market, the luxury industry as a whole is set to grow—albeit a bit slower—as wealthy shoppers continue to travel and spend.7

MARBELLA REMAINS A SYMBOL OF INTERNATIONAL PRESTIGE

Continuing a trend that started over six decades ago, Marbella has cemented its status as the quintessential resort destination appealing to both established wealth and the many new and emerging affluent who have bought homes in the area. But its appeal doesn’t stop there: just ask any of the many thousands of families from all over the world who have chosen to make Marbella their home.

At the top end of the property market, Marbella is attracting more and more buyers who are looking not simply for a holiday home, which is normally smaller than one’s permanent residence, but for a second or third “first home”, that is, a place they can live in several months of the year, or all year round if they so desire.

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.”

Every aspect of Marbella luxury real estate has

undergone a fundamental transformation towards toplevel sophistication. While Marbella continues to attract individuals with traditional tastes from across the globe, new and renovated properties embody the epitome of luxury, world-class design, quality and cutting-edge technology. Indeed, it is the availability of world-class quality homes in the Marbella area which is unto itself, one of the primary motivational factors attracting luxury-end buyers.

It is the availability of world-class homes in the Marbella area which is unto itself, one of the primary motivational factors attracting luxury-end buyers.

5. Israeli Diamond: “Richemont’s Sales Up 24% in H1 2022”, 25 May, 2023

6. “LVMH becomes first European company to hit $500bn market value”

7. Luxe: “The Future Of Luxury: Seven Trends To Stay Ahead In 2023”, 10 January, 2023

Property

Comparing year-on-year sales, Marbella, Estepona and Benahavís have seen sales as follows:

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.

KEY MARKET INDICATORS: Market demand, supply and prices

The 2022 sales boom of properties in all price ranges in Marbella, Estepona and Benahavís – the “Golden Triangle” – broke all previous records with a 20% year-on-year increase in sales volume. The same happened throughout the country, with overall real estate investment in Spain up by one third compared to 2021 to reach €17.5 billion, a figure never before seen in Spain.8

The charts on the right indicate the historic postpandemic boom in real estate in Spain and the Marbella area, whilst the specific sales figures can be seen in the table at the top of the page.

Unfortunately, official statistics simply do not provide all the information which would be helpful in compiling this report, such as numbers of sales in different price categories, or even purchases off-plan or under construction. In these cases, we have to analyze the market more by tendencies, trends and informal interviews with other local agencies.

Sharp increases in interest rates in Spain and throughout the western world in the fourth quarter of 2022, as well as the preceding months’ record market highs, led to a peak in sales volumes on a national

Evolution of Sales in Spain since 2007

Evolution of Sales in Marbella, Estepona & Benahavís since 2007

Marbella Property MARKET REPORT 2023-2024

NUMBER OF SALES IN THE FIRST QUARTER OF 2023 COMPARED TO PRIOR YEARS

level, as well as in the Marbella area. But while the increase in interest rates has made buying homes more expensive overall, fewer than 10% of property purchases are made with a mortgage in Marbella’s luxury end of market – which we define as those properties with selling prices in excess of €2 million.

In fact, in 2023 so far, we are observing that the sale of luxury properties is even stronger than in 20229, with some agencies reporting an increase in sales of up to 20% in the highest-end of the market. We observe a similar continuing surge in prime and ultra prime real estate in London, Dubai and Miami.10, 11, 12

In the chart above, we have compared first quarter sales statistics of the last several years, where the

sales in the first quarter of 2023 still exceed those of pre-pandemic levels by 18%, clear evidence of a continuing strong market.

A SHORTAGE IN SUPPLY

According to the most important Spanish real estate portal, Idealista, the number of properties for sale on their portal has dropped on average 6% in the province of Málaga during the last year.13 A study performed by Idealista for Panorama found that the stock of properties for sale in Marbella dropped on average by 8.83% from the first quarter of 2022 to the first quarter of 2023, and up to 40% in certain key, prime or super prime areas. Clearly, and in accordance with the laws of supply and demand, a diminishing stock of properties coupled with an increasing demand

9. Brainsre News: “The sale of luxury homes in Spain soars by 55% and their price increases by 13%”, 14 July, 2023

10. Idealista: “La compra de viviendas de lujo ‘a tocateja’ alcanza el 70% de las operaciones en Londres”, 7 July, 2023

11. Gulf Business: “Dubai’s real estate market reports double-digit surge in June”, 5 July, 2023

12. Miami Realtors: “Miami Real Estate Luxury Home Sales Continue Surging Ahead of Pre-Pandemic Levels”, 18 May, 2023

13. Idealista: “La caída del stock dispara los precios de venta de la vivienda en la costa”, 26 June, 2023

Marbella Property MARKET REPORT 2023-2024

always leads to an increase in asking and selling prices.

Evidence of the shortage of new or refurbished properties for sale is the relatively small number of building projects approved in Marbella last year. Of the 7,075 residences approved by the Colegio de Arquitectos of Málaga in 2022, only 690 were for Marbella, whereas in Estepona there were 1,067, Mijas 909 and Benahavís, 157.14

Without a doubt, the main reason for the reduced number of project approvals in Marbella is the lack of

fully-zoned building land, a problem dating back at least a decade. This has not only driven up fully-zoned land prices but also pushed property developers to buy development land in Estepona or Benahavís instead. Even though new, fully-zoned development land will come on the market with the definitive approval of the new general zoning plan of Marbella, expected in 2024 (already initially approved on 30 March, 2023), the time necessary for the development process indicates a likelihood of a continued shortage of properties for at least three, or four, more years.

INCREASE IN PRICES

Asking prices in all price categories in Marbella have risen, on average, by about 15% between June 2022 and June 2023, reaching a new all-time high of €4,233/m2 – approximately double the average asking price per m2 of 10 years ago.15 Although this figure

A diminishing stock of properties coupled with an increasing demand always leads to an increase in asking and selling prices.

14. Colegio Oficial de Arquitectos de Málaga: “Estadísticas de vivienda: Viviendas visadas 2022”, 12 January, 2023

15. Idealista: “Evolución del precio de la vivienda en venta en Marbella”, June 2023

Marbella Property MARKET REPORT 2023-2024

Marbella prices, even at today’s levels, are still very competitive: of the 50 most costly municipalities in Spain, Marbella is only number nine on the list...and globally Marbella is in 16th place, with Monaco leading as the most expensive city.

past two years, there is hard evidence that Marbella prices, even at today’s levels,17 are very competitive:

Of the 50 most costly municipalities in Spain, Marbella is only number nine on the list, which is headed by Sant Josep de Sa Talaia in Ibiza, at €6,295/m2

Globally, Marbella is in 16th place, just ahead of Madrid and Dubai, as quoted in the Knight Frank 2023 Wealth Report, with Monaco leading as the most expensive city to buy prime property in the world, at an average sales price of over €50,000 per m2

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.

Average price statistics are available for the whole province of Málaga, with the Property Registry noting price increases for the whole province at 3.4% for new properties and 11.2% for resale properties.16 Official statistics for new properties are misleading, however, as they are only recorded when the title deeds are issued and therefore don’t include properties that are sold off-plan or under construction.

Predictions for selling prices

Notwithstanding the enormous price increases of the

16. Registradores: “Estadística Registral Inmobiliaria Anuario 2022”

17.

As a general rule of thumb, prices for new or refurbished luxury apartments in the Marbella area start at €6,000/m2 and go right up to €25,000/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 in June 2023, despite the increase in mortgage interest rates, “due to the scarcity of new construction, the high costs of construction materials and the favorable 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.”18

Idealista: “Los 50 municipios más caros para comprar casa”, 12 April, 2023

18. Banco de España: “El desajuste entre la oferta y la demanda de vivienda, y su relación con los precios”, 13 June, 2023

A SAMPLE OF ACTUAL SELLING PRICES

A SAMPLE OF APARTMENTS SOLD IN DIFFERENT RESIDENTIAL AREAS IN 2023

Porches: 50% - Terraces: 25% - Solarium: 25%

A SAMPLE OF TOWNHOUSES SOLD IN DIFFERENT RESIDENTIAL AREAS IN 2023

Basement: 60% Garage: 30% Porches: 50% Terraces: 20% Solarium: 10%

Beach**

Las Chapas Playa* To refurbish

Nothing is better for price analysis than real selling prices. In these charts we have included real sales prices per square metre of a mix of typical properties sold in the first half of 2023.

A SAMPLE OF VILLAS SOLD IN DIFFERENT RESIDENTIAL AREAS IN 2023 Basement: 60% Garage: 30% Porches: 50% Terraces: 20% Solarium: 10%

A SAMPLE OF APARTMENTS SOLD IN PUENTE ROMANO, GOLDEN MILE IN 2023 Porches: 50% - Terraces: 25% - Solarium: 25%

Marbella Property MARKET REPORT 2023-2024

Even with the post-pandemic surge quieting down, and inflation decreasing to a core rate of 5.9% in June 2023, we believe that prices will continue to increase, but the increases in the coming months will be more moderate.

WHO IS BUYING?

While purchases by Spaniards are ever-present, and represent the very foundations of the overall Marbella property market, at least 90% of the properties of over €2 million are sold to foreigners.

In the autonomous community of Andalucía as a whole, 15% of the home buying and selling transactions were carried out by foreigners, whereas that figure more than doubles to 34% in the province of Málaga.

By nationality, the British are still the principal buyers in our province of Málaga, accounting for 16% of all transactions, followed by the Swedish and the Dutch, at 12% and 8% respectively, with the Belgians, French and Germans not far behind.19

Noteworthy is the surge in the Swedish and Norweigan markets which have gradually been increasing their market share over the last several years. The last two years have seen the strong emergence of the Polish market as well as buyers from Eastern Europe, certainly as a reaction to the war in the Ukraine, but also for the same reasons as most others: the desire to change lifestyle to a warmer climate in a high-quality area of the southernmost tip of Europe, far from the problems and potential dangers of Central Europe.

Marbella has also been a favourite place for Middle Eastern holiday makers and property purchasers since the late 1970’s, and remains so today with many looking into buying a home not only for holidays but also as a means to obtain the Spanish “Golden Visa”. There are now direct flights to Málaga from Bahrain, Abu Dabi, Qatar, Egypt, Turkey, Kuwait and Saudi Arabia during the summer season.20

REGISTERED PURCHASES BY FOREIGNERS IN THE REGION OF ANDALUCÍA IN 2022

While purchases by Spaniards are ever-present, and represent the very foundations of the overall Marbella property market, at least 90% of the properties of over €2 million are sold to foreigners.

Since the beginning of 2022, due to the enormous increase in the strength of the dollar to the euro, there has been a marked increase of US citizens purchasing property in our area, exemplary of the spread of the fame of modern-day Marbella throughout the world. Direct New York–Málaga flights are now being offered by United Airlines, a reflection of this growing interest in Marbella and the Costa del Sol in general.

19. Registradores: Estadística Registral Inmobiliaria Anuario 2022 (page 84)

20. Diario Sur: “Málaga estará conectada con vuelo directo con 130 ciudades del mundo este verano”, 25 March, 2023

Marbella Property MARKET REPORT 2023-2024

NEW CONSTRUCTION

Branded residences arrive in Marbella

Branded residences are a partnership between a respected 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.

Leaders in the field of branded residences in Marbella today are the highly experienced developers Grupo Sierra Blanca, led by Pedro Rodriguez and his sons Carlos and Luis. They introduced the concept to Marbella with the phenomenally successful Epic by Fendi and Karl Lagerfeld Villas, and more recently the announcement of their association with Dolce & Gabbana21 for their new project Marbella Design Hills

This new project, significant in size and scope, includes approximately 90 apartments of the highest qualities, a commercial plaza with shops and restaurants, built on an 80,000 m2 site in the direct vicinity of their previous two other projects.

Terra Viva by Automobili Lamborghini

21. Europa Press: “Dolce & Gabbana desembarca con Sierra Blanca Estates en el sector hotelero con un primer proyecto en Marbella”, 4 April, 2023

Leaders in the field of branded residences in Marbella today are Grupo Sierra Blanca, led by Pedro Rodriguez. They introduced the concept to Marbella with the phenomenally successful Epic by Fendi and Karl Lagerfeld Villas, and more recently with the announcement of their association with Dolce & Gabbana for their new project Marbella Design Hills.

The first ever Elie Saab Villas in Spain will commence construction shortly, in partnership with Urbania, starting with five villas on the Camoján Road.

The Banyan Tree will bring their vibrant concept to the hills overlooking Marbella with the opening of Angsana Real de La Quinta in 2026. In addition to 90 nature-integrated guest rooms and suites there will be Angsana Branded Residences with amenities such as a private courtyard, pool, daily housekeeping and maintenance services.

The Four Seasons development, designed by the world-famous architect Richard Meier, is planning to start construction in 2024. The project includes a Four Seasons Hotel of 165 rooms and suites, 260 private residences and 40 villas of the highest quality and design… all under Four Seasons management.

Marriott’s W brand is developing the W Resort Marbella, a €200 million hotel and residential resort in one of the last available beachside plots in the municipality. The project will include a luxury W hotel with 186 rooms, two buildings with 89 apartments, and an additional 109 upmarket residences, all managed by Marriot.

Tierra Viva is an impressive new development of 53 exclusive luxury villas, all with sea views and extraordinary design and finishes, located in Benahavís, in collaboration with Automobili Lamborghini. It represents the first project in Spain by Dar Global PLC, the international arm of Dar Al Arkan Development, the renowned publicly-owned Saudi real estate company.

In fact, the “branded concept” is extending not only to residences but also leisure: the landmark Puente Romano Beach Resort on the Golden Mile was the location chosen by Fendi to open their branded Chiringuito Beach Club and shop. And Marbella’s Michelin Star chef Dani García, together with the Mosh Group, teamed up with Dolce & Gabbana to create the relaunched La Cabane Beach Club in Los Monteros.

La Cabane Beach Club, Los Monteros

Marbella Property

MARKET REPORT 2023-2024

HOTEL INVESTMENT & RENOVATION AS NEVER BEFORE IN MARBELLA

The evolution of Marbella has brought with it tremendous investments not only in new, branded residences and hotels but also in the renovation of older ones, in line with market trends over the last decades and the anticipation of the acceleration of these trends in the future.

The former medical hotel Incosol, inaugurated in 1973 by General Franco himself and closed almost a decade ago, is set to be restored by the Ilanga Capital group.22 The restoration is planned to be completed at the end of 2025, relaunched as a five-star luxury hotel complex with 160 rooms specializing in health and well-being, including out-patient and surgical facilities. More than €150 million will be invested in the project.

The Andalucía Plaza Hotel is now the Hard Rock Hotel Originally inaugurated in 1973 by José Banús, it was acquired by Stoneweg Hospitality & Bain Capital Credit in 2021 and underwent a complete refurbishment before opening again in July 2022. It comprises

383 rooms and suites, and the design, finishes and decoration of the hotel have won several international awards.

Club Med Magna Marbella, the former Don Miguel hotel, opened to guests on 20 May, 2022. Marbella can now boast a new luxury family holiday resort with 14 hectares of gardens, five swimming pools, 485 rooms, several restaurants, 15 conference rooms and much more.

Also in July 2022 the Occidental Puerto Banús opened with 291 rooms. The old PYR Hotel in Puerto Banús near El Corte Inglés, was taken over by the Barcelo Hotel Group the year before and undertook an extensive refurbishment.

The Hotel El Fuerte, one of the very first hotels in Marbella originally opened in 1957 by Don José Luque Manzano, a pioneer in the hotel industry on the Costa del Sol, has undergone a major transformation costing over €30 million, converting it into a five-star hotel with 266 rooms reopened in May 2023. 23

The beachfront pool at Hotel El Fuerte

22. Málaga Hoy: “The old Incosol Marbella hotel will reopen in 2025, converted into a five-star luxury hotel”, 25 April, 2023

23. Diario Sur: “El Hotel El Fuerte reabre en Marbella convertido en un cinco estrellas tras su reforma integral”, 21 June, 2023

Marbella Property MARKET REPORT 2023-2024

La Fonda, a glorious small hotel in the Old Town of Marbella, which in the 60’s through to the 90’s was a favourite place of the “jet set”, has been totally refurbished at a cost of over €11 million. Built on the structure of three houses dating back to the 16th century, it comprises 20 rooms and suites, a gourmet restaurant, and many other facilities. It opened its doors as the first Relais & Châteaux property in Andalucía in April 2023.

The Hotel Los Monteros, a historic landmark hotel and one of the first five-star hotels of Marbella, owned by Stoneweg Hospitality, first opened in 1962, just received the building license for another refurbishment at a cost of €11.8 million. It will reopen its 178 rooms and suites next year under the luxury brand Kimpton, one of the exclusive brands of IHG Hotels and Resorts.

All these hotels join the many others, most of which have already been refurbished, such as Pinomar, Eurostar, San Cristóbal, Don Pepe, Estrella del Mar, Don Carlos and the Hotel Guadalmina.

NATIONAL AND INTERNATIONAL DEVELOPERS POUR BILLIONS INTO NEW PROJECTS

In addition to the branded property developers listed above and the modernization of virtually all of the principle hotels in the area, almost every national and many international developers are involved in Marbella area real estate today, accompanying hundreds of smaller investors with projects of one or several units. A few of them are listed below:

Neinor Homes will invest €229 million in the province of Málaga in the next three years with the launch of 446 homes.24

Metrovacesa are investing €17.5 million in The Medblue II residential project consisting of 45 homes

In addition to the branded property developers and the modernization of virtually all the principle hotels in the area, almost every national and many international developers are involved in Marbella area real estate today.

located in the upper part of Los Monteros.25

The Spanish real estate group López Real Inversiones will reform and renovate the “Marbel Center” shopping centre, with an investment of €25 million.26

Taylor Wimpey Spain has started construction on Marbella Lake in the heart of the Golf Valley, in Nueva Andalucía, where 98 apartments will see an investment of more than €35.5 million.27 In addition, they have recently launched a new project in Istan called Almazara Boutique Residences with an initial investment of €30 million.

Millenium Hospitality intends to develop 40 ultra highend apartments behind the Guadalpín Banús Hotel.28

Grupo Insur is investing €42 million into a new project

24. El Inmobiliario: “Neinor Homes invertirá 229 millones en la provincia de Málaga en los próximos tres años”, 22 June, 2023

25. Observatorio Inmobiliario: “Metrovacesa invertirá 17,5 millones en una promoción de lujo en Marbella”, 28 March, 2023

26. Marbella24Horas: “Un grupo inversor compra el centro comercial Marbell Center en Marbella”, 18 May, 2023

27. Taylor Wimpey Spain: “Taylor Wimpey invertirá más de 35 millones € en Marbella Lake”

28. El Confidencial: “Grupo Millenium hará 40 residencias de lujo en Marbella junto al hotel Guadalpín”, 4 March, 2023

Marbella Property MARKET REPORT 2023-2024

located in Altos de los Monteros. Under the name of Quintessence, the project will see 96 homes all with fantastic views to the sea.29

The highly successful Spanish public company, Aedas, has bought land in Andalucía for the development of 5,000 homes, with an investment of €1.3 billion.30 Many other property developers, such as Azata, have been “land banking” for years. Azata has land for 5,000 units on the Costa del Sol alone.

A SUCCESSFUL MULTI-CULTURAL COMMUNITY

Surprisingly, Marbella has a larger official census than the Andalusian cities of Huelva, Jaén or Cádiz, with 161,870 in January 2023, and of these, 51,024 are foreigners of 135 different nationalities. To this total we can add a significant additional unregistered, or floating, population of tourists and part-time residents of at least 150,000 more in the winter months alone.

“The number is growing day by day,” says Remedios Bocanegra, Councilor for Foreigners in the Marbella Town Hall. Marbella is an unusual example of a highly successful multicultural society, another reason for its sustained growth.

THE BOOMING LOCAL ECONOMY

One of the best results of this influx of foreigners is seen in the service and hospitality industries, with Marbella registering the lowest unemployment rates in the month of June for 14 years.31 Clearly, with the increase in tourism, especially residential tourism, where people come to live in their own homes part of the year, the creation of stable, permanent jobs has resulted in the high employment rate Marbella enjoys today.

With a thriving economy, the municipal budget for 2023, at €333 million, is the largest in Marbella’s history.32 There are dozens of new projects

Surprisingly, Marbella has a larger official census than the Andalusian cities of Huelva, Jaén or Cádiz, with 161,870 in January 2023, and of these, 51,024 are foreigners of 135 different nationalities.

underway aimed at improving the infrastructure and attractiveness of the area.

To give an example, the beginning of the Istán road is undergoing a complete renovation. Another example is the installation of the new sidewalks, street lamps and asphalt on the road leading to the Marbella Hill Club and La Capellanía. Attention is being given to almost every corner of the municipality as never before.

29. Grupo Insur: “Grupo Insur invierte 42 millones de euros en un exclusivo residencial en la Costa del Sol”, 21 April, 2023

30. Diario de Sevilla: “Aedas prevé invertir 1.300 millones en construir 5.000 viviendas en Andalucía”, 10 August 2019

31. Diario Sur: “Marbella marca la menor cifra de desempleo en un mes de junio desde hace 14 años”, 4 July, 2023

32. Diario Sur: “Marbella definitively approves 333 million for the 2023 budgets”, 3 February, 2023

Marbella Property MARKET REPORT 2023-2024

THE NEW GENERAL ZONING PLAN OF MARBELLA

Marbella is expanding and urgently needs zoned land to do so, as indicated earlier. The Mayor recently announced that 12 million square metres of rural land in the municipality will be re-designated as urban. The new general zoning plan is expected to be approved during 2024.33

Regarding Nueva Andalucía, the Mayor said: “We have managed to recover more than half a million square metres of land to provide this area with new sports, health, cultural or social facilities”.

Golden Mile and Nagüeles: There is much to be done in the area around Puerto Banús. The Mayor said that she wants to, in her words, “create a municipal environment linked to innovation and technology… with large residential spaces that at the same time are ideal for the flexible uses demanded by digital nomads.”

Furthermore, improvements on the AP-7 motorway are being considered, as well as the unblocking of the development of large, older urbanizations such as the Swedish Forest Centre.

Marbella Town: The new General Plan includes improvements for each neighbourhood in line with their individual needs, such as parking, urban regeneration and mobility.

Marbella East: Several new hotels and tourist projects are planned or under consideration. As the Mayor said: “this will be a key district in the economic growth of

our town, always clearly preserving the coastline and improving connections to the A7 and AP7” 34

TAX BREAKS FOR ANDALUCÍA

Along with Madrid, Andalucía is the region with the lowest taxes in Spain. This has fostered continued foreign investment, leading to a capital growth rate of 40% over the last five years. Madrid and Andalucía have both enjoyed solid capital growth, and no other region in Spain has come close to achieving the same.

Among the tax advantages of Andalucía, are the virtual abolition of the gift and inheritance tax in most instances; the lowering of the property transfer tax to a flat 7% and of stamp duty to 1.2%, the abolishing of the wealth tax, and the lowering of income tax. A “solidarity

12 million square metres of rural land in the municipality will be re-designated as urban

33. Diario Sur: “The new urban land will be a boost for the provision of facilities, commercial and business...”, 16 March, 2023

34. Diario Sur: “This is how the districts will develop with the new PGOM of Marbella”, 22 March, 2023

tax” was imposed by the national government on assets over €3 million but is being challenged in the courts as it is an additional patrimonial tax which should be the sole competence of the Autonomous Regions. In addition to the popular Golden Visa program, the national government approved a tax free visa, known officially as the Digital Nomad Visa, allowing remote workers to reside in Andalucía for a period of five years and pay no tax on assets or money held abroad.

THE RENTAL MARKET

Just as there is a disequilibrium between supply and demand with respect to real estate sales, pushing prices higher, so is the case with property rentals.

Short-term: The ever-popular short-term rental market is highly active with literally thousands of properties listed throughout the Costa del Sol. We are seeing owners renting their properties just for the lucrative high season and turning down long-term rentals. Last minute properties come on the market as late as May, June and July in a bid to cash in on late enquiries. High-end apartments are booked virtually all summer, with ‘Golden Mile Puente Romano beachside’ commanding over € 1,000 per night for a threebedroom apartment in July and August.

Long-term: There is a solid, long-term rental market in the city and nearby locations. Work opportunities and digital nomad tenants working from home have

Along with Madrid, Andalucía is the region with the lowest taxes in Spain. This has fostered continued foreign investment, leading to a capital growth rate of 40% over the last five years.

Marbella Property MARKET REPORT 2023-2024

Marbella Property MARKET REPORT 2023-2024

contributed to the sharp increase in demand and a diminished supply, making it hard to find a high-quality apartment in the key areas for less than €2,500 per month. Modern luxury villas are easily achieving over €15,000 per month and above. A major factor in the lack of supply of long-term properties is the lack of protection offered to the landlord by current rental laws.

Affordable Rentals

For the working population in Marbella, rental apartments are now too expensive for average salaries. Minimum prices are around €1,200 per month – so areas outside Marbella, such as Estepona to the west, and Fuengirola to the east, as well as inland locations such as Monda and Coin, are benefitting from the demand as these are more affordable locations.

New Rental Markets

Over the last decade, Marbella has been developing into a key European destination for events: weddings, corporate functions, reality shows, photoshoots, Netflix productions etc. Some of our most exclusive highend properties are attracting more bookings than in previous years (see page 186).

Málaga Airport announced a record-breaking number of arrivals in the first six months of 2023, with over 10 million passengers during that period, surpassing the previous record year of 2019 by 9.2%

TOURISM RECORDS CONTINUE TO BE BROKEN IN 2023

High level tourism is not only important for the wealth it brings to Marbella, but has always been the first step towards introducing people to the area, many of whom later decide to purchase properties. It is an integral part of the model of residential tourism mentioned earlier, for which Marbella has been a pioneer since the mid-50’s.

In the first four months of 2023, Spain received a total of 21 million arrivals, 32.4% more than in the same period of 2022. Visitor and spending records were also broken in April: €8.48 billion, 22.7% more

Marbella Property MARKET REPORT

For the summer of 2023, there are a record number of 151 direct flights between Málaga airport and other cities in Europe, the Middle East, Africa and North America

than the same period of 2022.35

Málaga Airport announced a record-breaking number of arrivals in the first six months of 2023, with over 10 million passengers during that period, surpassing the previous record year of 2019 by 9.2%.36

For the summer of 2023, there are a record number of 151 direct flights between Málaga airport and other cities in Europe, the Middle East, Africa and North America, a clear indication of the popularity of the Costa del Sol in tourism, with Marbella leading the way with respect to quality tourism.37

Marbella enjoyed several record months of hotel occupancy in the first half of 2023 with the highest figure since records began and even higher than 2019, considered a key year for the tourism sector. 38

The increase of 20% over 2019 of tourism segments

such as golf (the province of Málaga with 52 golf courses, is already the Golf Capital of Europe) as well as nature tourism is also resulting in longer stays and higher-than-average spending per tourist.39

CONFIDENCE IN MARBELLA IS AT AN ALL-TIME HIGH

Despite the many problems around the world, confidence in Marbella’s future is at an all-time high. Marbella is in a much stronger position than ever before to deal with any lessened financial confidence that the future might bring, thanks to the substantial credibility and 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.

1. The market has been great so far. We have had a good 11-year run without a major market dip. The

35. La Moncloa: “Spain received 7.2 million tourists in April, 20% above the best pre-pandemic figure”, 1 June, 2023

36. Diario Sur: “Récord histórico de pasajeros en el aeropuerto de Málaga en los primeros seis meses del año”, 12 July, 2023

37. Diario Sur: “Málaga encara julio con el récord de tener vuelos directos a 151 destinos del mundo”, 30 June, 2023

38. Marbella.es: “Marbella breaks a new tourist record with 58.34 percent hotel occupancy...”, 26 April, 2023

39. Diario Sur: “Marbella se convierte en el epicentro del turismo de golf”, 25 April, 2023

demand, especially with respect to luxury properties, has made the market surge extraordinarily since 2021, consolidating Marbella’s reputation as a world-class resort city.

2. Demand will continue to be healthy, all other factors being equal. There is little sign of abatement to this demand for luxury properties. Notwithstanding, we expect the overall demand to gently decelerate to more normal levels.

3. Year-round activity. Marbella has evolved to a whole new level of activity and as a result, the low season has virtually ceased to exist. Big money has been betting on Marbella for over a decade and the post-covid boom has only reinforced the decision of all major investors to continue and increase their investments in this area.

4. Real estate supply is low compared to boom times of the past. With the lack of supply, rather than oversupply, there is no sign of the market overheating. There are, and will remain for the near future, shortages of many types of properties, especially the high end. Nevertheless, there are also many new and refurbished properties coming on line: the construction and sales of off-plan properties will no doubt accelerate.

5. Rising interest rates unlikely to affect demand for luxury Marbella property. As far as the luxury end of the market is concerned, probably 90% of sales are made without bank financing, so there will be little impact on the luxury end of the market attributable to the increase in interest rates.

6. Prices are still competitive compared to other luxury destinations. Prices in the ultra-prime areas have risen to record highs. But Marbella still remains competitive and indeed, has become for many people the “must” place to buy a second, or even a third, primary home. As indicated earlier, we believe that there will be a gentle levelling off of price increases in most areas.

7. The Marbella property market’s success includes neighbouring areas. Estepona, Benahavís and other neighboring 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.

8. Marbella’s reputation as a lifestyle destination has never been stronger. Despite uncertainty in some areas, the convergence of world events has clearly favoured the real estate market in the Marbella area, as demonstrated by the record period of growth we are experiencing. This has reinforced Marbella’s reputation as one of the most attractive places in Europe for quality living, and for the purchase and enjoyment of some of the highest quality properties available anywhere in the world.

Copyright © 2023 Panorama Properties S.L – Special thanks to Cheryl Gatward, Alfonso Muñoz, Carolina Alainz and Alex Clover for their assistance and tireless efforts in putting this report together.

With the lack of supply, rather than oversupply of properties for sale, there is no sign of the market overheating

Ricardo Soriano, 66 (MARBELLA)

INVESTMENT SERVICES

PANORAMA’S INVESTMENT & COMMERCIAL DIVISION

provides private and institutional clients with quality brokerage services.

Going far beyond the Marbella area and the Costa del Sol, Panorama in its history has sold properties in Madrid, Barcelona, Paris, London and even Tokyo.

Whether you are a professional investor or a little less seasoned, Panorama can provide a level of services tailor-made to your particular needs.

We are experts at finding quality residential and commercial real estate investment properties in the Marbella area as well as elsewhere in Spain. Our contacts in the marketplace, cultivated over the past half century, benefit our clients by providing them access to opportunities they might not have otherwise.

Many of the best investment properties rarely see the light of day, and are often not openly on the market. Therefore “it takes a concentrated, proactive, and persistent effort to identify suitable quality investment properties” says Rocío Quesada, Director of Panorama’s Investment and Commercial Division.

Rocío Quesada heads the Investment Division at Panorama, working alongside Chris Clover

As an option for investors, Panorama offers a “client representation agreement” through which Panorama represents the qualified buyer in a property search and negotiation, and through which all options available are explored, documented and offered.

Panorama also generates direct access to debt and equity financing solutions for our investment clients.

Our collaborators provide a wide range of financing options to ensure that our clients get the right overall financial solution.

Investment and Commercial Real Estate Properties:

Land

Residential developments

Hotels

Commercial premises

Office spaces

Restaurants

Logistics

Industrial

We are experts at finding quality residential and commercial real estate investment properties in the Marbella area as well as elsewhere in Spain.

Contact Rocío Quesada, Director of Investment & Commercial Division

Tel: (+34) 952 774 266 rocio@panorama.es

DESIGN SERVICES

Sandon is a furnishing and interior brand dedicated to simple, everyday pleasures.

We assist both businesses and private clients with anything from unique design solutions and customization to complete architectural plans and interior styling.

Flagship Store and Design Studio to open in 2024 at the exclusive Forum Shopping and Dining destination. Follow @FORUM.ES for updates. SANDON.ES

Burtt Byron Clover (1876-1970)

Photo taken in 1904

Panorama, as many know, is Marbella’s longest established Real Estate Agency, founded in 1970, with a reputation for providing a highly professional and quality service that stands alongside those of the best agencies in the world.

What most people are unaware of is that Christopher Clover, Panorama’s owner and Managing Director, comes from a three generation-old family of real estate agents and entrepreneurs. The fourth generation of professionals, Christopher’s children, Alex and Katinka, are also key members of Panorama’s team who joined the company after the turn of the century.

Christopher’s grandfather, Burtt Byron Clover, was one of the first golf course developers in the United States, and a developer of single family homes in Chicago. In 1904, after having worked for four years with W.A. Marigold and Company as manager of their real estate agency, he founded B.B. Clover and Company, a real estate and property development company headquartered on Evanston Avenue in Chicago.

B.B. Clover began building and selling single family homes in and around the village of Itasca in the Chicago suburbs, and opened

a branch office there to help promote his developments. He transformed Itasca into a highly desirable place to live and enjoy a comfortable suburban lifestyle, catalysing a small population explosion which the town enjoyed during the 1920’s and 30’s. One of B.B. Clover’s first and major contributions to Itasca was a golf course and a clubhouse built on the land originally

Christopher’s grandfather, Burtt Byron Clover, was one of the first golf course developers in the United States, and a developer of single family homes in Chicago.

You might say that nobody knows the property business better, for not only is Panorama the longest established real estate agency in Marbella, its owner Christopher Clover continues a family tradition in real estate that goes back 120 years!

Below: The three generations in 1961

1904

Panorama’s timeline

B.B. Clover opens his first real estate agency headquartered in Chicago on Evanston Avenue (later at 69 W. Washington Avenue in the Chicago Title and Trust Building) followed by a second branch in the town of Itasca with the intention of developing Itasca into a desirable place to build a home and enjoy a comfortable suburban lifestyle.

1915

owned by the first settler in the area of Itasca. Today, the Itasca Country Club still stands as one of the most luxurious residential landmarks of the Chicago suburbs.

When B.B. retired in 1952, he opened Clover Realty Company in Charlottesville, Virginia with his son, Christopher’s father, Williston (Bill) L. Clover, who continued the family tradition as a Real Estate Broker and Property Developer for over 40 years. Charlottesville is a beautiful town in central Virginia some two hours drive south of Washington DC. Charlottesville, Chris’s hometown, is also the birthplace of Thomas Jefferson (the third President of the United States) and the home of the University of Virginia (the nation’s top-ranked public university) where Chris graduated with distinction in 1969, followed by his son, Alex, in 1998.

1925

One of the first golf course developers in the United States, B.B. Clover built a golf course and a clubhouse on the land originally owned by the first settler in the area of Itasca. The Itasca Country Club still stands today as one of the most luxurious establishments of the Chicago suburbs.

1926

B.B. Clover’s grand plan to develop Itasca as a glamorous Chicago suburb in the 1920’s included building a handsome half-timbered commercial building, today a landmark in the town’s Historical District.

1939

Williston L. Clover moves to Charlottesville, Virginia and becomes a Black Angus Cattle Farmer and Tennis Professor at the University of Virginia. Williston H. Clover, Chris’s older brother, was born.

1947

Williston L. Clover was born.

Christopher H. Clover was born.

Above: B.B. Sales Office in 1935

At the helm of Clover Realty Company, Bill became one of the leading brokers of farms and estates in this very wealthy and beautiful area of the United States. Over years of hard work, and thanks to his stellar reputation, he sold many of the outstanding properties and historical estates in this part of the United States’ eastern coast.

Bill, who passed away in 2010, was also a cattle farmer and pioneer in breeding techniques of purebred and championship Aberdeen Angus cattle, an athlete once nationally ranked in tennis, an accomplished architect, a teacher and an inventor, as well as a builder and a property developer with several developments in and around Charlottesville to his credit. But Bill had always aspired for his business to reach beyond

the borders of the United States and for that reason, in 1968, he acquired a Washington DC-based company, Panorama International Ltd.

Panorama International was the first company to offer international properties and developments to investors in the United States. The company distinguished itself by selling second and retirement homes in Mexico, the Caribbean, France, Morocco, and most notably Spain.

a Washington DCbased company, Panorama International Ltd.

...Bill had always aspired for his business to reach beyond the borders of the United States and for that reason, in 1968, he acquired

Chris and his older brother circa 1958 Clover family, 1949

It established the first international real estate office in Marbella in 1970 and shortly thereafter, offices in Mexico City and Mallorca.

At that time Marbella was in the early stages of establishing itself as a quality resort destination. The company specialised in selling quality developments primarily to Americans, and succeeded far beyond expectations. Panorama International was the first real estate agency to ever organise inspection flights to the Costa del Sol. The buyers came in droves, inspired by Bill Clover’s professionalism, integrity and reputation, as well as Spain’s unique allure and its excellent comparative prices.

Christopher Clover graduated from St. Andrew’s School in

1952

B.B. Clover and his son Williston (Bill) L. Clover open the Clover Realty Company in Charlottesville, Virginia. The company is still in business today, although under different ownership, in its original building in the town’s historical Court Square.

1960s

Bill Clover develops several residential developments in and around Charlottesville, Virginia. “Montvue” and “West Leigh” are, to this date, still among Charlottesville’s most luxurious real estate developments.

1966

Panorama International Ltd. is formed in Washington DC and is the first company to offer international properties and developments to investors in the United States.

1966

Bill Clover acquires Panorama International Ltd.

1970

Panorama International opens Marbella’s first international real estate office in the Edificio Capitol on Avenida Ricardo Soriano. Right: First advertisement in 1970

1971

Christopher Clover joins his father and brother at Panorama International in 1971 in Washington DC.

1973

Christopher Clover takes over Panorama International’s offices in Marbella.

The Clover Realty Company in 1960

Delaware in 1965, and received his degree in Economics as mentioned above from the University of Virginia in 1969. He took part in a study abroad program with the University of Lyon in France in 1967 and 1968. After graduation he taught French at the Landon School in Bethesda, Maryland for two years, before joining his father and brother (Williston H. Clover) at Panorama International in Washington DC in 1971.

Armed with a strong linguistic background and after gaining extensive experience in marketing and sales with Panorama’s Washington office, Chris arrived in Spain in February 1973 on his 26th birthday, taking charge of Panorama International’s Marbella office, which at that time mostly served to receive the clients sent to it from the United States. In that same year, and with the wholehearted support of his father, Chris expanded the Spanish office to concentrate on the listing and

Above: Advert, 1971

Left: Press cutting, Iberian Daily Sun, March 1973

sale of prestige properties in the Marbella area to an international market. Over the years, Panorama has sold properties to clients from forty different countries. (Read Chris’s article about “Marbella of the ‘70’s” on the Panorama blog).

In 1975 Panorama International closed its Washington DC office due to a combination of a strong recession and new securities legislation that made it impossible to continue the business as it had been originally structured. Chris’s philosophy of focusing on a specific area and marketing properties in that area to a national and international audience encouraged Chris’s brother Bill

1976 1979

Christopher Clover forms an independent company, decides to transform the long-term goals of the Marbella office, and begins the marketing of prestige properties in the area.

Alex Clover was born.

1995

to also transform Panorama International’s Mexico office, over time, into a world-class international resort consulting and finance company, today known as Panorama International, Inc.

Bill personally performed consulting missions in over 65 countries, while his company was active in several dozen more. He was based in San Antonio, Texas, where he presided over Panorama International, Inc. He was also an active and invaluable consultant to Chris’s own company. Bill is sadly no longer with us, having passed away in December 2022.

From its base in Marbella, Panorama has accomplished everything from finding and managing properties for Royalty, to managing the acquisition on behalf of the Foreign Ministry of Saudi Arabia of an Embassy building in Tokyo.

1996

Katinka Clover was born.

Panorama capitalises on its success and reputation and opens offices in the most prestigious areas of Marbella, at the Puente Romano Hotel and directly opposite the Marbella Club Hotel.

Panorama launches one of the first Internet websites specific to the Marbella area. Today the Panorama website is in 5 languages: English, Spanish, French, German and Dutch.

Alex Clover joins Panorama to help fine-tune the company’s image and implement a series of internal improvements.

2003

Panorama launches its magazine “The Marbella Property Magazine”. In addition to the awardwinning Market Report, written by Christopher Clover, it contains other interesting articles both for buyers and sellers, as well as an excellent selection of properties.

Top: Chris & his father, Puerto Banús, 1974

Bottom: The Skol Hotel, Marbella, 1960s

Katinka Clover joins Panorama. Christopher’s brother, Williston H. Clover, becomes a permanent consultant to the company.

Major deals have included selling large tracts of land on the Costa del Sol to prime office buildings in Madrid and London, but Panorama’s main activity has always been the marketing of quality residential properties in the Marbella area to a national and international clientele. Providing a high level of personal service, coupled with firm professional ethics and integrity, and competence in negotiation, Panorama has earned an outstanding and long-lasting reputation achieved by few agencies.

Today, Panorama has two offices on Marbella’s prestigious Golden Mile, where the “quality image” of Marbella began with the establishment of the Marbella Club in the early 1950’s. A team

comprised of 30 professionals work from the two offices. Truly keeping up with their international clientele, combined staff members speak thirteen different languages. The company has grown so it also handles commercial and investment properties, and quality property rentals. Additionally, it operates a boutique real estate agency called Puente Romano Real Estate in collaboration with the Puente Romano Beach Resort.

Since his arrival in Marbella, Christopher Clover has been active not only as a leader in the Real Estate community but also in civic affairs. The biggest family reward however, is that both of Christopher’s children are active in the business – Alex is a vital link managing new projects for the company, and Katinka, a graduate

Today, Panorama has two offices on Marbella’s prestigious “Golden Mile,” where the “quality image” of Marbella began with the establishment of the Marbella Club in the early 1950’s.

Top left: Property Consultants Jules Franken and Alina Nouaimeh Top right: Part of the Puente Romano Sales Office

from the American University of Paris, has become Panorama’s Vice-Managing Director. The fourth generation of Clovers to maintain the family business is now a reality.

Christopher: “The guiding principles of Panorama are the family values of fair, honest and transparent dealing, accompanied by a lot of hard work, as taught by my father to me and by his father to him. Any success we have had is thanks to following these principles carefully, and to our dedicated and talented staff, the invaluable support of our many friends, our ability to adapt to changing markets, and to learn from and collaborate with our competitors.”

by Williston H. Clover

© 2023 Panorama Properties S.L.

Originally published in 2004

Panorama celebrates 40 years in Marbella! In Memoriam: Bill Clover, Panorama’s Founder.

Christopher Clover accepted a unanimous nomination as Eminent Fellow by the prestigious Royal Institution of Chartered Surveyors (RICS).

Panorama is approved as a real estate agency “Regulated by RICS”.

Christopher Clover receives the Lifetime Achievement Award of REAS.

Panorama & Puente Romano announce their joint venture, opening the Puente Romano Real Estate office to serve hotel guests.

Panorama celebrates their 50th anniversary in Marbella. The sales office in Puente Romano undergoes extensive refurbishment.

Panorama wins ‘Best Real Estate Agency Single Office in Spain’ at the prestigious European Property Awards.

Record sale of landmark property by FaceTime. A new website is launched.

Katinka Clover and Alfonso Muñoz, become AssocRICS members. Record sale of property in excess of 15 million.

Panorama creates a Commercial and Investment Division, headed by Rocio Quesada, to provide private and institutional clients with quality brokerage services.

After 20 years of Katinka’ Clover’s dedication to Panorama and leading Listings and Marketing Departments, she is promoted to ViceManaging Director.

CLIENT SERVICES DEPARTMENT

Just relax and enjoy Marbella!

We introduce, from our many years of experience, only the very best service professionals and companies that Marbella has to offer. This full-scale, complimentary service is available exclusively for all our buyer clients.

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Regulated by RICS

Finding & Buying A PROPERTY

By Christopher Clover, FRICS

PANORAMA ALWAYS RECOMMENDS

that purchasers of property in Spain retain a qualified solicitor to represent and also advise them on all tax issues.

he 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.

CHOOSING A LAWYER

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.

GETTING THE BASICS INTO PLACE

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.

NEGOTIATING A PURCHASE

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.

A good agent will also be immensely helpful to you in negotiating the purchase of a property you are interested in buying.

THE PURCHASING PROCESS

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.

DEPOSIT AND INSURANCE

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.

THE ESCRITURA

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.

Property Ref Nº 10527

PROPERTY PURCHASE COSTS in Andalucía

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.

Regulated by RICS

Charming

BENAHAVÍS LIVING

Luxury in nature's embrace

As you embark on a picturesque journey from the renowned Golden Mile, the route winds through scenic landscapes, offering glimpses of the nearby coast along the way. Moments away from the vibrant culinary and entertainment scene of Puerto Banús and Marbella, you’ll find yourself immersed in a charming, secret place. Surrounded by rolling hills and golf courses adorned with cork oak, olive trees, and pine, the natural beauty and idyllic setting of Benahavís unfolds right in front of you.

It stands as one of the most affluent municipalities in Europe. Renowned for its opulence and exclusivity,

Benahavís has earned its reputation as a haven for luxury living. With its picturesque setting, world-class amenities, and an abundance of upscale properties, it attracts those who seek the epitome of refinement and elegance.

THE ALLURE OF MARBELLA CLUB HILLS

Nestled in the prestigious enclave between the iconic Anantara Villa Padierna Palace and the renowned Marbella Club Golf Resort, Marbella Club Hills unveils itself as a hidden gem.

Set on expansive grounds of 158,000m², the project uses just 6% of the land for construction, ensuring the preservation of the natural landscape. This approach allows residents to enjoy an unspoiled environment

and offers magnificent views of the mountains, golf course, the Mediterranean Sea, Gibraltar, and the Atlas Mountains in Morocco.

Designed by the renowned firm of Villarroel-Torrico, the project blends modern design and Andalusian charm, incorporating classic elements that harmoniously adapt to the surrounding enclave and natural landscape.

Located just a 15-minute drive from Puerto Banús and 20 minutes from the heart of Marbella, this gated community offers a quiet lifestyle focused on enjoying nature, outdoor sports and privacy.

The project comprises 110 apartments and 10 villas, thoughtfully distributed across 4 distinct phases.

“As developers, our passion lies in discovering captivating locations to bring forth distinctive projects and unique ventures. It was inevitable that we set our sight on Benahavís as the perfect canvas to realize the vision of Marbella Club Hills.”

Nabil Sawabini Developer, Chairman & CEO of MENA Capital

THE GREEN PHILOSOPHY

At Marbella Club Hills, the philosophy is centred around creating a harmonious blend of nature and refined countryside living. The project is meticulously designed to provide residents with a sanctuary—a place of rejuvenation and joy—where they can immerse themselves in the beauty of the natural surroundings.

THE SIGNATURE APARTMENTS

Phase I includes a total of 50 apartments, with only two units remaining and ready to move into.

The forthcoming Phase II has just been pre-launched, and early-bird prices are available until the end of September 2023.

Phase II introduces a selection of:

6 penthouses, with 3 or 4 bedrooms, priced at €970,000 – €1,350,000.

These penthouses boast spectacular rooftop terraces that offer breathtaking views and create an ideal space for outdoor relaxation and entertaining.

12 first-floor apartments, with 2 or 3 bedrooms, priced at €620,000 – €725,000.

First-floor apartments provide easy access to terraces and backyards that bathe the interiors with natural light, enhancing the overall sense of spaciousness.

12 duplex ground-floor apartments, with 3 or 4 bedrooms, priced at €835,000 – €1,015,000

With up to 240m² of internal area and expansive gardens of up to 140m², these residences provide a serene oasis where residents can unwind, host gatherings, or simply enjoy the beautiful surroundings.

Phase II of the project is scheduled to commence construction in the Q4 of 2023.

This ensures timely completion, allowing residents to plan and enjoy their summer and fall seasons in their new residences upon delivery 2025.

“From the very beginning, our goal has been clear: to provide homeowners with the opportunity to own a piece of nature for themselves.”

THE 10 EXQUISITE VILLAS

Phase III of Marbella Club Hills is the penultimate phase of this residential development.

Scheduled to start in Q1 of 2024, Phase III will unveil a collection of 10 exclusive villas, each with a private

swimming pool and thoughtfully designed interiors with 5 bedrooms spread across 3 levels.

Combining contemporary aesthetics with the allure of Andalusian architecture, the 10 villas will exude a modern yet charming design, mirroring the style of the villa apartments.

AMENITIES – HAVEN OF WELLBEING AND RELAXATION

Marbella Club Hills take immense pride in curating an exceptional range of amenities that redefine luxury and elevate lifestyle.

Clubhouses – North & South

Within the project, you will find two Clubhouses. The “North Club,” built with Phase I, features an outdoor heated swimming pool, a state-of-the-art gym, a spa and hammam, and indoor and outdoor function areas and a lounge. The “South Club,” to be constructed

together with Phases II and III, will offer an indoor swimming pool, a state-of-the-art gym, a social/ co-working area, and an array of outdoor sports facilities, including two tennis and two paddle courts, and a kids’ playground.

Marbella Club Golf

As a homeowner, you will have membership privileges at the esteemed Marbella Club Golf community, granting you the opportunity to play on its 18-hole course (subject to payment of annual fees). Meticulously crafted and impeccably maintained, this course also treats you to breathtaking panoramic views of the stunning coastline.

Marbella Club Golf Clubhouse

The experience extends beyond the course, as the MC Clubhouse serves as an extension of the renowned Marbella Club Hotel, offering a sanctuary of sophistication and warmth. Enjoy the ambience of its elegant surroundings and indulge in exceptional cuisine and the impeccable five-star service synonymous with the Marbella Club.

Marbella Club Equestrian Centre

Embark on an unforgettable equestrian adventure at the Marbella Club Equestrian Centre, where passion and excellence unite seamlessly. Discover picturesque trails and immerse yourself in the captivating beauty of the surrounding countryside. Whether you’re a novice or a seasoned rider, their devoted team is there to provide guidance and support throughout your journey.

Embrace a life of elegance and exclusivity at Marbella Club Hills. In this place, every moment is a celebration of luxury, nature, and the sheer joy of being surrounded by beauty.

Marbella Club Hills take immense pride in curating an exceptional range of amenities that redefine luxury and elevate lifestyle.

Confidence through PROFESSIONAL STANDARDS

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, and still contributes significantly today, to raising the standards of his profession.”

Christopher Clover said: “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.”

REGULATED BY RICS

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.”

WHAT IS RICS?

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.

Alfonso Muñoz and Katinka CloverLatest AssocRICS members of the Panorama team

“Clients who work with our registered professionals can have confidence in the quality and ethics of the services they receive.”

The Marbella Property SELLER’S GUIDE

By Alex Clover

his brief article is intended to share some essential points about selling properties, based on our own experience of 50 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.

ESTABLISHING AN ASKING PRICE

The most important thing to establish is a sales strategy, at the heart of which is the asking price. In 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.

If you’re selling your property, call us on (+34) 952 774 266 or email: listings@panorama.es

Natasha Romanov, Luca Solari & Evi Tinno of Panorama’s Listing Department.

The right asking price is perhaps the most essential ingredient in the art of selling real estate

SELLING ONE’S PROPERTY IS AN ART

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.

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.

AVOID QUOTING A ‘NET’ PRICE

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 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

A professional agency will propose a coordinated strategy based on its experience and adapted to the specifics of your property.

be protected and advised by their agents, and fix one sole asking price for the property, inclusive of commission.

EXCLUSIVITY OR NOT?

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

Property Ref Nº 07592

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.

COMMISSION RATES

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.

Frequent comments by sellers

“How much negotiation room should I build into my asking price?”

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 well-established agency with a good reputation. An accurately priced and marketed property should be getting a regular stream of clients viewing 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.

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.

“My property has been on the market for months and I’m hardly getting any viewings.”

Property Ref Nº 12891

Other tips for selling your home

YOUR PROPERTY IN ITS BEST LIGHT

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.

GET YOUR MAIN AGENT TO PUT UP THEIR ‘FOR SALE’ SIGN

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.

TAXES

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.

NEGOTIATING A SALE

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.

The Top Reasons

BUYERS & SELLERS CHOOSE PANORAMA

By Alex Clover

EXPERIENCE

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.

PANORAMA’S PRACTICES AND ETHICS ARE REGULATED

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).

INDUSTRY RECOGNITION AND STEWARDSHIP

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 Panorama.

PROFESSIONALISM AND TRANSPARENCY

We have an unrivalled reputation for professionalism, transparency and expert local and product knowledge.

A FULL-SERVICE AGENCY

We don’t just dabble with one sector of the market. Panorama is a full-service real estate agency offering sales, rentals, plots as well as development land, commercial properties, professional consulting services and a complete Client Services Department (see page 40).

WE HAVE TIME FOR YOU

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.

BUYERS & SELLERS FROM ALL OVER THE WORLD

Together we speak 12 different languages and this is critical to our ability to work with clients from all over the world.

STRATEGIC & CENTRAL LOCATIONS

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.

PARTNERSHIPS THAT GUARANTEE PROPERTY EXPOSURE

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 of these landmark hotels on the Golden Mile.

Christopher Clover Managing Director Board Chairman

Lorenzo M Soriano Member Board of Directors

Kirsten Clover Artistic Director Board of Directors

Katinka Clover Vice Managing Director Board of Directors

Gonzalo Ruiz Administration Director

Omèr Frijns Director of Puente Romano Real Estate

Alfonso Muñoz Assistant Sales Director

Rocío Quesada Commercial and Investment Director

Jules Franken Property Consultant

Bianca Omloo Senior Property Consultant

Alina Nouaimeh Property Consultant

Walter Fernández Senior Property Consultant

Steve Barre Property Consultant

Marco Dalli New Business Development

Sean Cannon Sales Director Board of Directors

Panorama’s team comprises 30 professionals in sales, administration, consulting and marketing, who work from two offices on the Golden Mile. The team speak 12 different languages between them.

Luca Solari Listings Department

Sven Bauer Marketing Manager

Jo Borda Director Client Services

Lorena Alaniz Support Team Member

James Evans Property Consultant

Evi Tinno Listings Department

Carolina Alaniz PA to the Managing Director

Natasha Romanov Listings Department

Loreto Muyo Rentals Director

Sarina Garber Rentals Consultant

Beatriz Garvayo Rentals Consultant

Ángela de la Yglesia Sales Office Manager

Loli Vazquez Assistant to Administration Director

Sara Goméz Support Puente Romano Real Estate

Christopher Lawton Property Consultant

Looking to rent in Marbella?

Handpicked luxury villas, apartments and townhouses in incredible locations, available for both long-term and short-term rent in Marbella and surrounding areas.

An extraordinary mansion in La Zagaleta

Bedrooms: 8

Bathrooms: 8

Enclosed: 1,481 m2

Terraces: 272 m2

Total Built incl. terraces: 1,753 m2

Plot: 9,546 m2

Price: €16,900,000

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

BENAHAVÍS: La Zagaleta | Ref: 14171 | Map: p200, Nº32

“A timeless masterpiece on one of the best plots, with the most magnificent views!”

Katinka Clover, Vice Managing Director

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 with 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.

NIWA, an architectural masterpiece in Sotogrande

Bedrooms: 9

Bathrooms: 9

Built: 3,488 m2

Terraces: 744 m2

Plot: 10,126 m2

Price on application

Located within the most exclusive gated community offering 24-hour surveillance and security in Sotogrande, the plot where the house will be located enjoys unbeatable views of the Mediterranean Sea, the golf course, and the North African coast.

In this natural environment, natural light is intense, but it is gently covered by the surrounding nature. The connection with these elements is the core of this project, in which several courtyards have been designed as climatic spaces, used to control shadows, temperature, and natural ventilation, but also as spaces for use and enjoyment.

The project includes a ventilation system with heat recovery, aerothermal energy, and photovoltaic energy. Nature is an integral part, creating a sense of peace and balance for those who live there. The house is distributed over two levels, the main part of which includes the double-height living room, dining

CADÍZ: Sotogrande | Ref: 14291 | Map: p200, 30 mins. west of Nº41

“A most impressive turnkey project with unbeatable views. The location is very convenient, and the community exclusive.”

Walter Fernández Senior Property Consultant

area, large porches and terraces, kitchen, TV room, and seven spacious ensuite bedrooms, as well as an apartment for staff with two bedrooms, all distributed on a single level.

On the lower floor, connected by an elevator, there is a Spa area with a heated pool, gym, wine cellar, cinema, and parking for eight vehicles. The 35-metre infinity pool connects with the horizon and brings the sea view into the interior of the house.

Located just a few minutes' drive from all the amenities of Sotogrande: several golf courses, polo club, marina with bars and restaurants, designer boutiques and shopping areas, and one of the best international schools in Spain. The urbanization is located 26 km from Gibraltar, 55 km from the windy paradise of Tarifa, 38 km from Puerto Banús, and 44 km from Marbella.

Exquisite residence nestled on a picturesque hillside in La Mairena

Bedrooms: 6

Bathrooms: 5

Built: 1,460 m2 including terraces

Plot: 59,976 m2

Price: €10,500,000

Casa Dar Alcor is a truly exceptional property nestled on a picturesque hillside in La Mairena, offering breathtaking 180-degree panoramic views that take in the coast from Marbella to Fuengirola, and stretch all the way across the Mediterranean to Gibraltar and the African coastline beyond.

This exquisite residence is surrounded by a serene and natural setting adorned with majestic centenary cork oak trees. As you step into the grounds of this remarkable estate, you are immediately captivated by the tranquility that permeates the air. Here, time slows down, and the symphony of nature takes centre stage, with the only interruptions being the melodious chorus of birdsong, harmonizing with the gentle whispers of the breeze.

Impeccably positioned, this remarkable property effortlessly combines seclusion and accessibility. While immersed in a tranquil natural environment, the home is conveniently located a mere 10-minute drive from the vibrant centre of Elviria, with

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MARBELLA EAST: La Mairena | Ref: 14117 | Map: p200, below Nº49

“A unique country estate with incredible panoramic views, in one of the most peaceful areas of the coast.”

Sean Cannon, Sales Director

Marbella’s finest coastal destinations a short 15-minute journey from the property.

The interiors of Casa Dar Alcor seamlessly blend classic and contemporary aesthetics, with tasteful design elements enhancing the overall ambience. Spacious living areas exude an inviting atmosphere, with abundant natural light filtering through large windows. The exterior spaces of this remarkable estate are a testament to its grandeur. The expansive terraces offer the perfect setting for al fresco dining.

Casa Dar Alcor presents an unrivalled opportunity to embrace the epitome of luxury living in one of the most sought-after locations in Southern Spain. The combination of its idyllic hillside position, breathtaking views, proximity to amenities, and the allure of the nearby coastline creates a truly exceptional lifestyle for those fortunate enough to call this property home.

LUNCH FROM 1PM Dinner till 2am

A spectacular frontline golf mansion in Nueva Andalucía

Bedrooms: 7

Bathrooms: 7

Built: 510 m2

Terraces: 140 m2

Plot: 1,824 m2

Price: €7,900,000

A beautifully designed, sumptuous property raised slightly higher that its neighbours, and offering wide open views over the famous Los Naranjos Golf Course in Nueva Andalucía. Being in the Golf Valley, the property is also close to three of the best golf courses in the area.

This magnificent home was recently completely renovated and features large windows, open spaces and restored wooden ceilings, where all details and finishes are top quality. The property is offered fully furnished, “as is”, ready to move into.

It is located within a family friendly neighbourhood, just minutes’ drive from Puerto Banús and the beach, and within walking distance of all amentities –supermarkets, restaurants, shops and local markets.

This elegant home is distributed over three levels. The ground floor has a superb open-plan living, dining and kitchen area that leads straight out onto a spacious terrace with a heated pool and Jacuzzi area from which one can enjoy the spectacular

NUEVA ANDALUCÍA: Golf Valley | Ref: 13734 | Map: p200, Nº27

“A beautifully presented home, ready to move into! Stunning views across the Golf Valley.”

Bianca Omloo

Senior Property Consultant >>

views over the Golf Valley, as can be seen from the image on the left.

There are three ensuite bedrooms a cosy TV room and a convenient laundry area. There is also an independent cottage that can be used for staff, or for guests, also with a laundry area.

The upper level is as spacious as the ground floor and has an enormous ensuite master bedroom with “his” and “hers” walk-in wardrobes, two further ensuite bedrooms and a huge terrace with Jacuzzi, covered barbecue and chill-out zone.

The lower level houses a simply spectacular Spa with Hammam, sauna and massage room and an entertainment room and bar. Other features of this splendid home include a Sonos sound system that is networked throughout the entire house, a home automation system and underfloor heating. A truly luxurious property that is ready to move into.

FACTS SPEAK FOR THEMSELVES

Two decades of transforming our clients’ ideas, needs and dreams into a three-dimensional reality.

We believe this synergy is the key of our success.

- Over 1.500 satisfied customers in the last 20 years

- 36 staff members

- 17 international projects in 9 different countries

- Multiple award-winner in the last 5 years

- In-house team of architects, interior architects and 3D artists

- 3 installation teams

Frontline golf mansion in Europe's most desirable residential Country Club

BENAHAVÍS:

Bedrooms: 5

Bathrooms: 5

Built: 746 m2

Terraces: 255 m2

Plot: 12,524 m2

Price: €11,000,000

Elegantly poised within Europe's most coveted residential country club, this exceptional frontline golf estate enjoys unparalleled privacy and breathtaking panoramic views of both the sea and the meticulously manicured golf course.

A picturesque stone driveway guides you to a captivating entrance courtyard adorned with ancient olive trees, an inviting prelude to the remarkable home beyond. The villa, designed in an inviting U-shaped layout, features a central entrance hall that beckons you into its embrace. To the right, a cozy lounge awaits, with a cathedral wooden vaulted ceiling and a welcoming fireplace. The master wing, a sanctuary of tranquillity, comprises an ensuite bedroom and an adjoining TV room that connects to the entrance courtyard. On the left, an exquisite dining room boasts a stunning cupola ceiling, setting the stage for memorable gatherings.

A graceful wooden-covered terrace envelops the

La Zagaleta | Ref: 12834 | Map: p200, Nº32

“A very private hilltop mansion on a vast plot enjoying dazzling 360 degree views.”

Alfonso Muñoz, Assistant Sales Director

entire residence, treating you to captivating sea views. Multiple rooms enjoy seamless access to this inviting space. Descending to the lower level, a remarkable wine cellar awaits. A separate guest house, featuring an ensuite bedroom and a lounge, serves as a serene escape for a housekeeper. Further enhancing the estate, a second guest house is nestled on a hilltop within the lush garden, offering its own secluded haven with a garden, a study or bedroom, a kitchenette, and a bathroom.

A heated pool glistens amidst this oasis, accompanied by an organic vegetable garden. Adding to the allure, direct access to the golf course beckons. Luxuries abound, including double glazing, air-conditioning in bedrooms, and underfloor heating powered by both gas in main areas and electricity in bathrooms. A Bang and Olufsen sound system resonates throughout, while terracotta floors and hand-painted tiles grace the bathrooms.

Branded RESIDENCES

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, 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.

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 allencompassing 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.

Large floor-to-ceiling windows, spacious living areas, beautiful suites, panoramic sea views, extensive terraces and a sublime interior design

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 HQ 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.

The international allure of

ELIE SAAB VILLAS MARBELLA

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.

EXCLUSIVITY BY DESIGN

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.

by Urbania

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. “

Text by Michel Cruz

Images courtesy of Urbania

A unique project, with it's design inspired by Automobili Lamborghini, an architectural prodigy brought to life by DarGlobal, the international arm of Dar Al Arkan Development, the renowned publicly-owned Saudi real estate company, debuting for the first time in Spain.

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 and plots of between 1,000 and 2,881 m2

Carefully constructed at different levels on the hills, the villas enjoy views of the sea, mountains and golf courses. There is 24-hour 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.

The Marbella Club pier is located at the heart of the Golden Mile

The Golden Mile

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 City and extends for some five kilometres as far as the Río Verde, which is just before Puerto Banús and Nueva Andalucía, and stretches up to the 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 Camojan, 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, and those of many other personalities. Also located along the Golden Mile are the two offices of Panorama Properties, one in the Puente Romano Beach Resort and the other just opposite the Marbella Club Hotel.

Bedrooms: 6

Bathrooms: 8

Built: 454 m2

Terraces: 211 m2

Price on application

The most exceptional property on the market

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, it features six ensuite bedrooms with every corner of the property having been thoughtfully curated.

GOLDEN MILE: Marina Puente Romano | Ref: 14107 | Map: p198, Nº36

Bedrooms: 6

Bathrooms: 6

Built: 1,183 m2

Terraces: 187 m2

Plot: 2,697 m2

Price: €14,995,000

State-of-the-art luxury mansion

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.

GOLDEN MILE: Sierra Blanca | Ref: 09788 | Map: p199, Nº13

Bedrooms: 3

Bathrooms: 3

Built: 223 m2

Terraces: 101 m2

Price: €13,500,000

Unique beachfront penthouse in Puente Romano

This exceptional property boasts breathtaking panoramic sea views, overlooking the community gardens and the coastline. Its southern orientation ensures that natural sunlight bathes the residence throughout the day, creating unparalleled sunrises and sunsets. With its luxurious interiors and generous terraces, this property presents a remarkable opportunity to indulge in Marbella’s prestigious lifestyle.

GOLDEN MILE: Marina Puente Romano | Ref: 13468 | Map: p198, Nº36

Bedrooms: 5

Bathrooms: 5

Built: 295 m2

Terraces: 100 m2

Plot: 420 m2

Price on application

Second line beach villa in a top location

South-facing, second line beach villa located next to the exclusive Puente Romano Beach Resort. Built on two levels and consisting of five bedrooms with ensuite bathrooms, open kitchen, living and dining room with direct access to the terrace, garden and pool. A fabulous home in a very prestigious location with all of the resort facilities and amenities on the doorstep. Great rental potential.

GOLDEN MILE: Puente Romano | Ref: 11543 | Map: p198, Nº9

Bedrooms: 7

Bathrooms: 6

Built: 931 m2

Terraces: 183 m2

Plot: 2,573 m2

Price: €13,950,000

The most elegant mansion next to Sierra Blanca

A stylish and luxurious mansion with an air of La Provence, on an elevated position with views of La Concha and the sea. Designed along traditional architectural lines combined with modern conveniences and exceptional attention to detail, this villa offers fivestar facilities including: wine cellar, gym, state-of-the-art spa with heated pool, sauna, massage room and hair salon.

GOLDEN MILE: Los Picos de Nagüeles | Ref: 12711 | Map: p199, Nº16

Bedrooms: 6

Bathrooms: 6

Built: 1,065 m2 including terraces

Plot: 1,811 m2

Price: €10,950,000

Tropical oasis surrounded by a large green zone

An elegant and classical-style villa in one of Marbella’s most soughtafter areas, designed by a renowned Spanish architect and blending perfectly with its natural surroundings. From its elevated position, it enjoys spectacular views of a beautiful protected green parkland. Only a few minutes’ drive from the Puente Romano Beach Resort and the beaches of the Golden Mile.

GOLDEN MILE: Las Lomas del Marbella Club | Ref: 13327 | Map: p198, Nº25

Bedrooms: 4

Bathrooms: 4

Built: 752 m2 to 1,182 m2

Terraces: 168 m2 to 213 m2

Plot: 600 m2 to 1,544 m2

Prices: from €5,650,000 to €9,500,000

New exclusive community of luxury villas

An exclusive community of only six villas in Cascada de Camoján, close to Sierra Blanca and in the heart of Marbella’s Golden Mile. Offering 24hour security it will be one of the most secure and private residential complexes. The villas have been designed by renowned architects in a modern and elegant style. Fabulous homes with panoramic sea and mountain views. Estimated completion, summer 2025.

GOLDEN MILE: Cascada de Camoján | Ref: 14138 | Map: p199, Nº11

Bedrooms: 7

Bathrooms: 6

Built: 761 m2

Terraces: 107 m2

Plot: 2,685 m2

Price: €6,950,000

Elegant mansion with spectacular views

Recently built with amazing sea views from all levels and top qualities throughout. Offering a spa with Jacuzzi, Turkish bath and hairdressing salon all with access to the garden on the lower level, plus a cinema room and wine cellar. A mature garden surrounds the property and has a saltwater heated pool and gazebo, ideal for chilling-out and enjoying the views. Also available for short-term rent.

GOLDEN MILE: Marbella Hill Club | Ref: 11322 | Map: p198, Nº 21

Bedrooms: 3

Bathrooms: 2

Built: 137 m2

Price: €6,995,000

Beachfront gem in Puente Romano

Unique, recently refurbished ground floor apartment with breathtaking sea views in Marina Puente Romano. Exquisitely finished and decorated, it is set in a unique position with all of the resort facilities at hand. Lovely open-plan lay out 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.

GOLDEN MILE: Marina Puente Romano | Ref: 14336 | Map: p198, Nº36

Bedrooms: 7

Bathrooms: 7

Built: 500 m2

Terraces: 110 m2

Plot: 2,290 m2

Price: €5,900,000

Andalusian-style villa with a contemporary twist!

Located in Nagüeles, this south-facing property is on a very quiet street and enjoys wonderful views. A large, beautiful garden offers a circular, heated, salt-water pool and a charming covered BBQ area beside it. In excellent condition, having undergone extensive renovations just three years ago, it is now highly energy independent, using mostly solar energy.

GOLDEN MILE: Nagüeles | Ref: 08297 | Map: p 199, Nº16

Bedrooms: 8

Bathrooms: 6

Built: 463 m2

Terraces: 183 m2

Plot: 1,681 m2

Price: €5,500,000

Traditional villa only a short walk to the beach

Surrounded by a mature garden with lots of trees and enjoying plenty of privacy, this is an ideal place to live throughout the year, as well as enjoy vacations, as it is close to all services and amenities. Gas central heating by radiators and pre-installation for air conditioning are just some of the features. Set in one of the most well-established communities on the Golden Mile.

GOLDEN MILE: La Carolina | Ref: 13297 | Map: p199, Nº17

Bedrooms: 4

Bathrooms: 4

Built: 642m2

Terraces: 338 m2

Plot: 765 m2

Price: €4,950,000

Second line beach villa close to Puerto Banús

In a fabulous location, on a corner plot in Río Verde Playa and walking distance to the beach, this home features: solarium, Jacuzzi, garage for three cars, spa area with heated indoor & outdoor pool, sauna, gym, elevator, underfloor heating, home automation, Gaggenau kitchen, wine cellar and much more! Steps to the beach and promenade, and just a short walk to Puerto Banús.

GOLDEN MILE: Río Verde Playa | Ref: 11289 | Map: p198, west of Nº41

Bedrooms: 3

Bathrooms: 3

Built: 138 m2

Terraces: 42 m2

Price: €4,995,000

Stylish apartment in the most prestigious location

Exquisitely finished and decorated, and renovated to the highest quality standards. Bright and spacious with an open-plan layout, modern custom-designed kitchen with oak cabinets. Living area with access to a beautiful terrace which opens onto the communal gardens with direct access to the pools and the beach. All amenities at hand. Also available for rent.

GOLDEN MILE: Marina Puente Romano | Ref: 13757 | Map: p198, Nº36

Bedrooms: 5

Bathrooms: 5

Built: 397 m2

Terraces: 416 m2

Plot: 1,533 m2

Price: €4,995,000

Contemporary villa with sea views in Nagüeles

Located in an established area of Nagüeles, enjoying excellent sea and mountain views, even from the entrance level. Just renovated to the highest specifications including underfloor heating, high quality ceramic/micro cement floors, bathrooms with top quality fittings, extensive deck area around the pool and much more.

GOLDEN MILE: Nagüeles | Ref: 13789 | Map: p199, Nº16

Bedrooms: 5

Bathrooms: 3

Built: 308 m2

Terraces: 151 m2

Plot: 403 m2

Price: €4,650,000

Luxurious new beachside villa

Perfectly located just steps to the beach, this brand-new villa is designed by a renowned architecture studio. It will have a modern and warm design style with the use of natural, quality materials such as stone and wood. Walking distance to Marbella town with all amenities close by. Completion scheduled for December 2023.

GOLDEN MILE: Casablanca | Ref: 13523 | Map: p199, Nº3

Bedrooms: 4

Bathrooms: 4

Built: 335 m2

including terraces

Plot: 965 m2

Price: €4,300,000

Villa in an exclusive gated community with sea views

Located in Altos Reales, one of the most prestigious communities with 24-hour security and just five minutes drive from Marbella town and the beaches. Southwest facing, it receives sunflight throughout the entire day and is distributed over two levels. One of the special features of this villa is the huge roof-top solarium terrace with magnificent panoramic sea and mountain views.

GOLDEN MILE: Altos Reales | Ref: 13876 | Map: p199, Nº14

PUENTE ROMANO TENNIS CLUB, WHERE CHAMPIONS COMPETE IN THE MEDITERRANEAN

TRAIN SMARTER

The best courts for the best players. How does training next to Djokovic and other top players sound? The Puente Romano Tennis Club is established as one of the best in Southern Europe: 8 clay and 2 plexipave courts, 4 synthetic grass Paddle courts and more.

Whether you are a beginner or you´re looking to elevate your game, you can enjoy a wide range of tennis and paddle programmes. As a member, you also have the privilege of attending prestigious national & international tournaments, such as the Davis Cup and the ATP World Tour.

Bedrooms: 4

Bathrooms: 4

Built: 641 m2

Terraces: 100 m2

Plot: 2,996 m2

Price: €4,200,000

Elegant villa in great location, ideal for renovation

A perfect property for a large family, just a few minutes’ drive to everything. The zoning of the property is for a detached single-family residential use, subzone UE-4, with a minimum plot size of 1,000 m2, a maximum development ratio of 26% on two floors, and a maximum footprint of 25%. There is a project to build a large modern villa on this plot. Plans and renders are available upon request.

GOLDEN MILE: Nagüeles | Ref: 09874 | Map: p199, Nº16

Bedrooms: 6

Bathrooms: 5

Built: 570 m2

Terraces: 99 m2

Plot: 2,826 m2

Price: €3,495,000

Villa on an extensive plot

Impeccable villa, fully furnished and decorated. The outdoor area includes a spacious terrace partially covered, a pool, BBQ area and large garden with a separate guest house which includes living room, kitchen and toilet on the ground floor and an ensuite bedroom upstairs. Garage for three cars plus further parking spaces at the entrance. Also available for short-term rent.

GOLDEN MILE: Marbella Hill Club | Ref: 10527 | Map: p198, Nº21

Bedrooms: 3

Bathrooms: 3

Built: 118 m2

Terraces: 18 m2

Price: €2,995,000

Beautifully refurbished flat in the trendiest location

A beautiful, completely refurbished apartment offering modern features and high-end finishes throughout, including high ceilings and LED lighting that adds to the spacious and modern ambience. Enjoying beautiful views of the garden and pool from the west-facing balcony. The complex offers a luxurious and relaxing lifestyle with all amenities at hand.

GOLDEN MILE: Marina Puente Romano | Ref: 14288 | Map: p198, Nº36

Bedrooms: 5

Bathrooms: 5

Built: 377 m2

including terraces

Plot: 1,460 m2

Price: €2,950,000

Charming villa, centrally located on the Golden Mile

Built in an Andalusian-style with Moorish design touches in the interiors. Located in an well-established community that is just a short walk to all amenities and the beach. Surrounded by a beautiful mature garden and enjoying a roof-top terrace and chill-out area. It enjoys full privacy and has partial sea views.

GOLDEN MILE: La Carolina | Ref: 13418 | Map: p199, Nº17

Bedrooms: 5

Bathrooms: 4

Built: 388 m2

Terraces: 176 m2

Plot: 1,620 m2

Price: €2,795,000

Mediterranean-style villa in Marbella Hill Club

Built to top specifications, this is a stunning home surrounded by a garden which creates a tropical oasis, offering complete privacy. Features include: open-plan living and dining room with TV area and outside chiringuito with chill-out area. There is plenty of space to relax and enjoy the tranquility that this home has to offer. Set in a wellestablished community with nighttime security.

GOLDEN MILE: Marbella Hill Club | Ref: 13354 | Map: p198, Nº21

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.

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, 29602 Marbella

Bedrooms: 6

Bathrooms: 6

Built: 420 m2

Terraces: 129 m2

Plot: 500 m2

Price: €2,650,000

South-west facing villa in a gated community

Spacious villa in this sought-after area, considered to be one of the most exclusive complexes of villas in the Marbella area. With a total of only 18 houses, this secure estate has only one entry and exit point and is fully manned with 24-hour security. Features include: games room, laundry room, sauna and Hammam with chill-out room, underfloor heating throughout, lift and private garage for three cars.

GOLDEN MILE: Lomas de Marbella Club | Ref: 13908 | Map: p198, Nº 25

Bedrooms: 4

Bathrooms: 3

Built: 320 m2

Terraces: 108 m2

Plot: 530 m2

Price: €2,750,000

Contemporary villa close to amenities

Exceptional family home in a prime location. Spread over three levels, this high-quality villa exudes elegance and comfort. The large living room provides a welcoming space with access to a porch, creating a seamless indoor-outdoor flow. The kitchen is spacious and wellappointed and you can enjoy breathtaking views from the roof-top solarium.

GOLDEN MILE: Nagüeles | Ref: 14115 | Map: p199, Nº16

Bedrooms: 3

Bathrooms: 3

Built: 206 m2

Terraces: 157 m2

Price: €2,595,000

Modern penthouse close to Puente Romano

New apartment in a great location, walking distance to the beach and Puente Romano Beach Resort. This block, within the complex, is currently under construction. Offering 24-hour security and set on 25,000 m2 of tropical gardens, the community has two swimming pools as well as two children’s pools.

GOLDEN MILE | Ref: 14167 | Map: p198, north of Nº63

Bedrooms: 4

Bathrooms: 4

Built: 327 m2

Terraces: 24 m2

Plot: 3,189 m2

Price: €2,250,000

Villa with lots of character in Nagüeles

Charming family home located on a large plot in a tranquil area of Nagüeles, within a 7-minute drive to Puerto Banús. South-west facing, with a beautiful entrance courtyard, this villa is distributed over two levels with bright and spacious rooms. It is surrounded by a lovely mature garden with fruit trees and offers complete privacy.

GOLDEN MILE: Nagüeles | Ref: 09918 | Map: p199, Nº16

Bedrooms: 3

Bathrooms: 3

Built: 207 m2

Terraces: 107 m2

Price: €2,200,000

Magnificent, recently renovated duplex penthouse

Situated in a gated complex with 24-hour security and beautiful communal gardens. Renovated to the highest standards, using only the best materials and appliances. This incredible west-facing property offers everything you could imagine in luxury living. Parking space and storage room in underground communal garage included.

GOLDEN MILE: Lomas de Sierra Blanca | Ref: 13815 | Map: p198, Nº56

Bedrooms: 3

Bathrooms: 3

Built: 199 m2

Terraces: 57 m2

Price: €1,995,000

Modern penthouse with sea views in Ancon Sierra

Located in one of the most in-demand gated complexes offering 24hour security and beautiful communal gardens with several pools, one of which is heated. Special features include open panoramic views (of the sea and the mountain), air conditioning and electric blinds. Parking space and underground storage room is included.

GOLDEN MILE: Lomas del Marbella Club | Ref: 13959 | Map: p198, Nº25

Bedrooms: 4

Bathrooms: 3

Built: 150 m2 including terraces

Plot: 2,088 m2

Price: €1,995,000

Charming villa in the heart of the Golden Mile

This charming home needs renovation and can be extended as the maximum building allowance has not yet been reached. The location is unbeatable, in the centre of the Golden Mile, within walking distance to the beach and Marbella town centre. Large mature garden with tropical trees and sea views. Lots of potential.

GOLDEN MILE: Nagüeles | Ref: 14151 | Map: p199, between Nº17 & Nº58

Bedrooms: 3

Bathrooms: 2

Built: 169 m2

Terraces: 41 m2

Price: €1,265,000

South-facing first floor apartment

Bright and spacious with an open-plan living and dining room, a terrace with partial views to the sea, kitchen with utility area, master ensuite bedroom with access to a terrace, two guest bedrooms and a guest toilet. Other features include: marble floors, two private parking spaces and a storage room in the underground communal garage.

GOLDEN MILE: Monte Paraíso | Ref: 14110 | Map: p198, Nº52

Bedrooms: 3

Bathrooms: 2

Built: 151 m2

Terraces: 45 m2

Price: €1,050,000

Exclusive townhouse in a great location

Set in a complex with only 24 properties, this modern townhouse has several terraces on different levels, ideal for entertaining. There is also a roof terrace with wonderful views of the Mediterranean Sea and Gibraltar. Very well located, within walking distance to the beach and Puente Romano Beach Resort. Excellent rental potential.

GOLDEN MILE: Marbella Senses | Ref: 14265 | Map: p198, east of Nº51

Nueva Andalucía & Puerto Banús

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, golf club and restaurant. To the west is the La Quinta Golf course, comprising three 9-hole courses, a hotel and a high quality development of villas and townhouses 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.

PUERTO BANÚS

Bedrooms: 7

Bathrooms: 7

Built: 1,033 m2

Terraces: 410 m2

Plot: 2,342 m2

Price: €13,500,000

Frontline golf mansion in the heart of the Golf Valley

Impressive villa located in an exclusive residential community in the heart of the Golf Valley, with open views to the greens of Los Naranjos Golf Course. Boasting a stunning open-plan layout, optimized for comfort and offering the latest design trends. Designed by a renowned architect and exquisitely furnished, a true masterpiece.

NUEVA ANDALUCÍA: La Cerquilla | Ref: 13500 | Map: p 200, east of Nº27

Bedrooms: 6

Bathrooms: 6

Built: 890 m2

Terraces: 135 m2

Plot: 2,872 m2

Price: €6,400,000

Contemporary and Andalusian-style fusion

This stunning luxury villa is situated in a sought-after residential area. South-facing, it boasts breathtaking views of La Concha mountain and with its private and quiet location, it provides a peaceful retreat while still being conveniently close to all amenities and prestigious golf clubs. Features include an entertainment area, a bodega, cinema and a sizeable heated pool. Truly a dream home.

NUEVA ANDALUCÍA: La Cerquilla | Ref: 14204 | Map: p200, east of Nº27

Bedrooms: 5

Bathrooms: 5

Built: 636 m2

Terraces: 252 m2

Plot: 1,483 m2

Price: €5,950,000

A striking, modern masterpiece

A fantastic, newly-built home with contemporary design, set in an enviable location. Distributed over three levels, this large villa boasts an airy open-plan living space, and a garden oasis complemented with a salt water pool. Features include five good-sized bedrooms, all ensuite and with fantastic views, private indoor gym, fully equipped entertainment room with bar, cinema and games area.

NUEVA ANDALUCÍA: Aloha | Ref: 13851 | Map: p 200, Nº26

NUEVA ANDALUCÍA: Supermanzana H | Ref: 13894 | Map: p200, Nº27

Bedrooms: 4

Bathrooms: 4

Built: 577 m2

including terraces

Plot: 3,190 m2

Price: €4,600,000

Modern villa on an extensive plot

Situated in a privileged location just minutes away from Puerto Banús, with expansive views over the Golf Valley and Los Naranjos Golf course. Special features include: wine cellar, open-plan kitchen, large pool with waterfall, several chill-out zones and a fire pit, summer kitchen and full-sized paddle tennis court. Truly a one off.

Bedrooms: 4

Bathrooms: 4

Built: 489 m2

Terraces: 227 m2

Plot: 195 m2

Price: €4,495,000

Ultra-modern villa in an exclusive gated community

Brand-new villa close to all amenities with views to the sea and La Concha mountain. The community comprises just eight semi-detached villas and offers 24-hour security and a communal pool. Private lift and a salt water infinity pool on the rooftop solarium. Excellent qualities throughout. Close to Puerto Banús.

NUEVA ANDALUCÍA: Las Brisas | Ref: 10953 | Map: p200, Nº28

Bedrooms: 6

Bathrooms: 5

Built: 521 m2

Terraces: 54 m2

Plot: 1,274 m2

Price: €3,950,000

South-west facing villa with panoramic views

Stunning villa located on a quiet street near the renowned Los Naranjos Golf Club, offering views of the prestigious Golf Valley. Openplan living areas with high ceilings create a sense of spaciousness and grandeur. The master suite has its own private terrace. Other features include: gym, sauna, cinema room and two-car garage.

NUEVA ANDALUCÍA: Los Naranjos Golf | Ref: 14128 | Map: p200, Nº27

Bedrooms: 5

Bathrooms: 4

Built: 300 m2

Terraces: 170 m2

Plot: 1370 m2

Price: €3,700,000

Modern home in an ideal location

A bright and spacious home with breathtaking views of La Concha mountain. This villa offers a living experience that blends elegance, comfort, and convenience. Situated in close proximity to amenities, multiple golf courses, restaurants and bars. It has five bedrooms, an office, a rooftop terrace, a large and comfortable kitchen, and a spacious living-dining area with access to a large terrace.

NUEVA ANDALUCÍA: Las Brisas | Ref: 14222 | Map: p200, Nº28

Bedrooms: 7

Bathrooms: 7

Built: 742 m2

Terraces: 143 m2

Plot: 1,783 m2

Price: €3,200,000

Fabulous family home in Las Brisas

Set on a large, elevated plot with golf and mountain views. Refurbished and extended, now with seven ensuite bedrooms and distributed over three levels. A large, mature and well-maintained 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.

NUEVA ANDALUCÍA: Las Brisas | Ref: 13831 | Map: p200, Nº28

Bedrooms: 4

Bathrooms: 3

Built: 271 m2

Terraces: 54 m2

Plot: 808 m2

Price: €2,495,000

Cozy, fully refurbished villa in a gated community

Ideally located in the secure community of the Marbella Country Club. Set on plot with a mature garden, which provides full privacy. Modern pool and jacuzzi on the east side of the property and large porch with barbecue, kitchenette and chill-out area on the south-west side of the house. Available fully-furnished.

NUEVA ANDALUCÍA: Marbella Country Club | Ref: 13381 | Map: p200, east of Nº27

Bedrooms: 3

Bathrooms: 3

Built: 195 m2 including terraces

Price: €2,300,000

Exquisite beachside penthouse in La Alcazaba

A beautifully renovated penthouse in a sought-after, five-star community next to Puerto Banús just steps from the beach – an excellent location, close to everything. The complex has a concierge service, 24-hour security, stunning Andalusian-style gardens with large pools, restaurant and bar, hairdresser, gym, spa and indoor pool. Also available for rent.

PUERTO BANÚS: La Alcazaba | Ref: 14227 | Map: p200, east of Nº21

Bedrooms: 4

Bathrooms: 4

Built: 360 m2

Terraces: 32 m2

Plot: 977 m2

Price: €1,750,000

Charming villa in Las Brisas

Conveniently located in a quiet cul-de-sac only a short walk to essential amenities such as a pharmacy and supermarket, as well as several restaurants and bars. This villa is surrounded by mature gardens providing privacy and tranquility, and boasts views to the iconic La Concha mountain. The interior is light and spacious, thanks to the double height ceilings.

NUEVA ANDALUCÍA: Las Brisas | Ref: 13555 | Map: p200, Nº28

Bedrooms: 2

Bathrooms: 2

Built: 128 m2 including terraces

Price: €1,600,000

Modern frontline apartment in Puerto Banús

Frontline Puerto Banús, this stunning apartment has been fully renovated to the highest standards and latest decoration trends. Features include: air conditioning, kitchen with an ample island, modern style, open-plan, double glazing in the bedrooms, fitted wardrobes, a spacious terrace with spectacular views and one underground garage space included.

PUERTO BANÚS: Benabola | Ref: 14194 | Map: p200, Puerto Banús

San Pedro, Guadalmina & Casasola

San Pedro de Alcántara (St. Peter of Alcántara) is situated in the fertile plain of the same name, Vega de San Pedro Alcántara, a broad stretch of coastal lowland surrounded in a semicircle by rugged hills. It’s just 10 kilometres west from Marbella, a few minutes drive away from the natural beauty of 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 with an appeal all of its own.

Historical attractions include the famous Marbella arch from the west entrance, the 3rd Century Las Bovedas Roman Baths and the Paleochristian Basilica Church, to name a few. With a long, sandy beach and exquisite restaurants lining the coast, 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 square and surrounding narrow streets which are packed with intriguing small shops, sidewalk cafes and bars.

Guadalmina, a mature urbanisation mostly developed between 1960 and 1990, is located just west of San Pedro and is essentially a beachside community that stradles the A7/N340 coast road, dividing it into Guadalmina Alta and Guadalmina Baja. Some of the areas most prestigious villas can be 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.

GUADALMINA

SAN PEDRO

Bedrooms: 8

Bathrooms: 8

Built: 1,818 m2

Terraces: 189 m2

Plot: 4,932 m2

Price: €9,950,000

Elegant beachside mansion in Guadalmina

Built in a modern Andalusian architectural style, this villa offers eight spacious bedrooms and sea views. Only a few steps from the beach in the peaceful and private community of Guadalmina Baja, close to schools, shops, golf and restaurants. A rare opportunity to purchase a very large beachside residence set on a plot of nearly 5,000 m2

SAN PEDRO: Guadalmina Baja | Ref: 13904 | Map: p200, Nº35

Bedrooms: 6

Bathrooms: 6

Built: 1,065 m2

Terraces: 257 m2

Plot: 2,022 m2

Price: €6,500,000

Stylish and chic, renovated beachside villa

Located in this established and sought-after residential area set on a very private south-facing plot with electric entrance gates which open onto a Portuguese natural stone driveway with tropical vegetation. Incredible tropical garden with a lagoon shaped pool and a smaller heated pool with Jacuzzi. A unique family home, beautifully finished and combining the very best of modern design with the use of natural materials.

SAN PEDRO: Guadalmina Baja | Ref: 09481 | Map: p200, Nº35

Bedrooms: 6

Bathrooms: 5

Built: 1,267 m2

Terraces: 180 m2

Plot: 2,074 m2

Price: €3,800,000

Spacious family home in Guadalmina Baja

Very private, elegant, beachside villa located close to the beach and golf courses. Surrounded by lush tropical gardens with a large pool. Special features include: wine cellar, cinema room, ivory cream marble tiles and centralized heating, underfloor heating in bathrooms and garage for seven cars. A lovely family home for year-round living.

SAN PEDRO: Guadalmina Baja | Ref: 06136 | Map: p200, Nº35

Benahavís, La Quinta & La Zagaleta

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

BENAHAVÍS

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. Given it’s elevated position, the homes in La Zagaleta offer the most spectacular views to the immediate countryside and the Mediterranean sea.

LA ZAGALETA

LA QUINTA

SAN PEDRO

PUERTO BANÚS

GUADALMINA

Bedrooms: 8

Bathrooms: 8

Built: 1,674 m2

Terraces: 228 m2

Plot: 6,847 m2

Price: €12,900,000

Elegant mansion with panoramic views

This house was designed to make the most of the splendid panoramic sea and mountain views, which can be enjoyed from all levels of this impressive Italian-style mansion. There is a Spa area with gymnasium, huge entertainment room, beautiful bodega, and lush, tropical gardens which are beautifully landscaped and feature a central pool. A simply magnificent property.

BENAHAVÍS: La Zagaleta | Ref: 13737 | Map: p200, Nº32

BENAHAVÍS: La Zagaleta | Ref: 14247 | Map: p200, Nº32

Bedrooms: 10

Bathrooms: 9

Built: 1,727 m2 plus terraces & porches

Plot: 11,144 m2

Price: €10,500,000

Impressive villa on an extensive frontline golf plot

Built by the famous architect Jill Broome, the property is a true testament to elegance and timeless design. Lovely open views to the mountains and the exclusive La Zagaleta golf course. Surrounded by nature and with immaculately maintained gardens boasting green lawns, herbs, fruit trees, a children’s play area and basketball courtplus a driveway that leads to a bar area and tennis court.

BENAHAVÍS: La Quinta | Ref: 14059 | Map: p200, Nº29

Bedrooms: 5

Bathrooms: 5

Built: 835 m2

including terraces

Plot: 830 m2

Price: €8,950,000

Brand-new contemporary villa in La Quinta

Built with the highest quality specifications and situated close to all amenities and the most prestigious golf courses in a very peaceful area. The living room, dining area and kitchen all face towards the expansive covered terraces, infinity pool and tropical gardens. Amazing panoramic sea views giving magical sunsets.

BENAHAVÍS:

Bedrooms: 6

Bathrooms: 7

Built: 709 m2

Terraces: 364 m2

Plot: 1,580 m2

Price: €8,000,000

Stunning new villa in Paraíso Alto

This ultra-modern villa is perfect for entertaining with an enormous terrace and chillout area, it’s own disco, kitchen with adjoining living and dining room and a pool with a barbecue, terrace and garden area. Features include: a Jacuzzi, sauna, gym, home automation system and a separate apartment.

Paraíso Alto | Ref: 14112 | Map: p200, Nº30

BENAHAVÍS: El Madroñal | Ref: 13756 | Map: p200, Nº31

Bedrooms: 6

Bathrooms: 6

Built: 892 m2

Terraces: 125 m2

Plot: 3,238 m2

Price: €6,650,000

Provençal-style mansion in El Madroñal

Rustic and stately, this property is built to very high standards with materials collected from different parts of Spain, and meticulous attention to every detail. Built around a central patio and blending harmoniously with its natural surroundings. Offering fabulous views to the sea and mountains.

BENAHAVÍS: El Madroñal | Ref: 14127 | Map: p200, Nº31

Bedrooms: 5

Bathrooms: 5

Built: 552 m2

Terraces: 128 m2

Plot: 3,092 m2

Price: €5,650,000

Stunning, classical-style villa in El Madroñal

A recently-built, charming villa with Andalusian touches surrounded by a beautiful pine and cork forest with views over the coast. Designed by the renowned architect César de Leyva with warm and elegant rooms and distributed over two levels. Exquisitely furnished and finished to the highest specifications. Offered furnished and ready to move into.

Bedrooms: 3-4 ensuite

Built: 609-756 m2

Terraces: 88-161 m2

Plots: 1,107-10,005 m2

Prices starting from: €5,995,000

Luxury sustainable villas overlooking Marbella

This luxury development of 18 design-led villas has uninterrupted sea views to Gibraltar and Africa beyond. 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. Just 15 minutes from Marbella.

BENAHAVÍS: Real de la Quinta | Ref: 12112 | Map: p200, Nº29

Bedrooms: 6

Bathrooms: 6

Built: 909 m2

Terraces: 137 m2

Plot: 2,000 m2

Price: €5,950,000

A spectacular Zen-style villa

Set in the hills above San Pedro and enjoying magnificent panoramic views to the sea, surrounded by a beautifully landscaped garden with fountains by the entrance, and with a pool in the front garden. Special features include: staff quarters, space that could be converted into a cinema room, gym, games room, underfloor heating, a large garage for up to eight cars, and much more...

BENAHAVÍS: Monte Halcones | Ref: 08706 | Map: p200, south of Nº29

Bedrooms: 7

Bathrooms: 7

Built: 1,009 m2

Terraces: 228 m2

Plot: 5,082 m2

Price: €4,750,000

Exquisite Andalusian-style mansion

A rare opportunity to purchase a private landmark property on an expansive plot of over 5,000 m2 in the heart of the prestigious Marbella Club Golf Resort. The exclusive resort offers 24-hour security, a golf course and club house with a presitgious restaurant and an equestrian centre.

BENAHAVÍS: Marbella Club Golf Resort | Ref: 13762 | Map: p200, northwest of Nº32

Bedrooms: 4

Bathrooms: 4

Built: 700 m2

Terraces: 95 m2

Plot: 3,800 m2

Price: €4,450,000

Beautiful, newly-built villa

If you’re looking for nature and views, this house may very well be your dream home. Walking through the front door you are immediately taken aback by some of the most impressive views in the area. The large living room windows slide back into the walls, giving you that perfect indoor/outdoor lifestyle.

BENAHAVÍS: Monte Mayor | Ref: 13174 | Map: p200, north of Nº41

Bedrooms: 5

Bathrooms: 6

Built: 490 m2

Terraces: 214 m2

Plot: 1,462 m2

Price: €2,995,000

Contemporary villa with an Andalusian touch

Impressive villa with incredible views of the golf course and the sea. The community offers security, privacy and tranquility in the middle of an impressive natural environment. La Alquería itself has a local supermarket, an international school and sports facilities. Features include home automation, elevator, pool and much more.

BENAHAVÍS: La Alquería | Ref: 12253 | Map: p200, north of Nº41

Bedrooms: 5

Bathrooms: 6

Built: 308 m2

Terraces: 257 m2

Plot: 1,013 m2

Price: €1,895,000

Lovely family home in El Herrojo

Andalusian-style family home with wonderful mountain and golf views within an exclusive gated community across from La Quinta Golf, in a tranquil area with 24-hour security and within a five-minute drive to Puerto Banús. Enjoying the sun throughout the day and offering a mature garden with pool and gazebo, ideal for outdoor dining.

BENAHAVÍS: El Herrojo | Ref: 09554 | Map: p200, north west of Nº29

New Golden Mile

The New Golden Mile starts at the Río Guadalmina just west of San Pedro, 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. It has become one of the 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 land

than in the Marbella area. The area is comprised of many urbanizations, including Atalaya Park, Benamara, El Paraíso Barronal, El Paraíso, Paraíso Alto, Costalita, Torre Bermeja, Selwo, Alcazaba Beach, and many others, as well as exclusive villas, apartments, townhouses and hotels. 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.

GUADALMINA

ESTEPONA

ESTEPONA: El Paraíso Barronal | Ref: 04330 | Map: p200, near Nº41

Bedrooms: 8

Bathrooms: 6

Built: 1,491 m2

Terraces: 350 m2

Plot: 5,628 m2

Price on application

Beachfront mansion on an extensive plot

A magnificent beachfront mansion, combining old-world elegance with all modern conveniences. In El Paraíso Barronal, an established and tranquil community between San Pedro and Estepona and also close to the renowned Villa Padierna Hotel in Los Flamingos. Mature, extensive garden with direct access to the beach and offers complete privacy. Also available for short-term rent.

Bedrooms: 4

Bathrooms: 4

Built: 272 m2

Terraces: 181 m2

Price: €4,950,000

Luxurious, refurbished beachfront penthouse

Located in an exclusive beachfront community with tropical wellmaintained gardens, heated covered pool, as well as an outdoor pool, plus a gym and sauna. The penthouse’s position takes full advantage of the beautiful views and is modern, yet very cozy, with many custom-designed pieces.

ESTEPONA: Torre Bermeja | Ref: 13940 | Map: p200, west of Nº41

Bedrooms: 6

Bathrooms: 6

Built: 668 m2

Terraces: 55 m2

Plot: 1,610 m2

Price: €3,550,000

Beachside family home

A stunning, modern villa just steps to the beach and all amenities. Distributed on two levels plus basement, there is a very large lounge with fireplace, interior patio with fountain, six ensuite bedrooms, designer kitchen, lovely manicured gardens and a pool area with an outside bathroom. A lovely villa for year-round living.

ESTEPONA: El Paraíso Barronal | Ref: 08455 | Map: p200, west of Nº41

ESTEPONA: Paraíso Medio | Ref: 13930 | Map: p200, north of Nº40

Bedrooms: 5

Bathrooms: 4

Built: 602 m2

Terraces: 109 m2

Plot: 2,200 m2

Price: €2,950,000

Classical-style villa in El Paraíso

Located in El Paraíso, a quiet and pleasant residential area, surrounded by golf courses, approximately 2 km from the beach, this could be a great renovation project. A bright and spacious home, surrounded by a beautiful, mature garden and pool area. Ideal for year-round living.

Marbella East

This area 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 of Marbella East we find some of the most trendy beach clubs and restaurants such as Nikki Beach, La Cabane, Trocadero Arena and the Beach House among others. The area also

boasts prestigious international schools, tennis clubs and leisure facilities, 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: Río Real, Santa Clara, Santa Maria, Cabopino, Greenlife Golf, Marbella Golf and Artola Golf.

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.

The area is seeing many new low-rise high-end developments that have just been completed, or are under construction, offering modern villas, apartments and townhouses, and there are two major five-star projects under development which will turn the Marbella East area into yet another sought-after luxury hot spot of Marbella.

MARBELLA

CABOPINO

Bedrooms: 7

Bathrooms: 8

Built: 840 m2

Terraces: 396 m2

Plot: 5,145 m2

Price: €8,900,000

Magnificent estate with panoramic views

Located in one of the best areas east of Marbella, this south-facing impressive property boasts a tropical pool and gardens, gazebo, BBQ entertainment area, garage for ten cars, full-sized tennis court (608 m2) 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.

MARBELLA EAST: Hacienda Las Chapas | Ref: 12782 | Map: p201, north of Nº46

Bedrooms: 7

Bathrooms: 6

Built: 706 m2

Terraces: 152 m2

Plot: 1,153 m2

Price: €5,500,000

Traditional Spanish-style villa next to the beach

Villa in excellent condition located in an urbanization with 24-hour security. Built with all the luxury finishes: marble, clay and porcelain floors, stucco, iroko wood, plus Neff and Gaggenau appliances. Special features include: cinema room with bar; Spa with Jacuzzi, sauna and Turkish bath, gazebo, alarm, lift for laundry, service apartment, Sonos sound system in all rooms including bathrooms.

MARBELLA EAST: Bahía de Marbella | Ref: 13277 | Map: p201, Nº44

Bedrooms: 5

Bathrooms: 5

Built: 595 m2

Terraces: 147 m2

Plot: 1,353 m2

Price: €5,295,000

Newly-built beachside villa

Located in a very quiet area next to the Vincci hotel, just a short walk to the sea. Special features include: garage for four cars, heated indoor pool with an extra area for a gym, infinity pool, solar panels and underfloor heating. Ideal for year-round living, or as an investment for short-term rentals, next to Marbella’s best beaches.

MARBELLA EAST: Real de Zaragoza | Ref: 13564 | Map: p201, east of Nº46

Bedrooms: 5

Bathrooms: 5

Built: 636 m2 including terraces

Plot: 852 m2

Price: €2,800,000

Contemporary villa overlooking the golf course

Nestled in the higher part of Cabopino with magnificent views this villa has been intelligently designed to maximize light, views and functionality. Built over three levels it boasts five good-sized ensuite bedrooms, a grand lounge and an open-plan kitchen. Extra features include home automation system, Daikin aerothermal system for airconditioning and underfloor heating throughout.

MARBELLA EAST: Cabopino | Ref: 13412 | Map: p201, east of the Don Carlos hotel

Rental Properties

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.

We offer 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 & 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

ESTEPONA

MARBELLA

Loreto Muyo Beatriz Garvayo Sarina Garber

Event VILLAS

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. Here are some of our most luxurious villa rentals, all ideal for these type of events.

Contact our rental department for more information and reservations: Tel: (+34) 952 901 015 or Email: rentals@panorama.es.

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. See page 188 for more info.

Beds: 15 Baths: 15

Built: 2,285 m2

Price: €14,000 p/day

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! See page 189 for more info.

Beds: 9 Baths: 9

Built: 1,757 m2

Price: €80,000 p/week

Ref. 13998

Los Flamingos

Incredible Spalike villa, ideal for wellness holidays. Perfect for large families or groups. See page 191 for more info.

Beds: 15 Baths: 15

Built: 2,175 m2

Price: €75,000 p/week

Ref. 14123

Puerto Banús

Impressive

Andalusian-style villa with a modern twist. Perfect for weddings, grand dinner parties and families.

Beds: 10 Baths: 10 Built: 1,050 m2

Price: €10,000 p/day

Bedrooms: 15

Bathrooms: 15

Built: 2,285 m2 including terraces

Plot: 13,142 m2

Price: €14,000 p/day

Beachfront jewel on the Golden Mile

This incredible home, originally built in the 60’s, is an example of the Golden Era of Marbella. Renovated to world-class standards it is one of the finest beachfront homes in Marbella with direct access to the paseo maritimo. Breakfast service and maintenance included. All other extra services available upon request. The main house can be rented on its own, or with the guest annex. Please enquire for off-season.

Bedrooms: 9

Bathrooms: 9

Built: 1,757 m2 including terraces

Plot: 4,011 m2

Price: €80,000 p/week

Frontline beach mansion in Puerto Banús

One of the most legendary properties next to Puerto Banús. Steeped in history, the property was once owned by the famous Flamenco dancer Antonio El Bailarín and boasts a rare hand-painted dedication by Picasso himself on the floor of the pool! This exceptional property has the soul of an antique stately home, the intimacy of a family residence and the allure of ultra-modern design.

RENTAL | Location: Guadalpin Banús, Puerto Banús | Ref: 13064 | Map: p199, north of Nº32

Bedrooms: 6

Bathrooms: 7

Built: 524 m2

Terraces: 54 m2

Plot: 1,093 m2

Price: €20,000 p/week

Family home at the centre of the Golden Mile

Mediterranean-style villa located in Las Lomas del Marbella Club, one of Marbella’s most consolidated and calm areas. Distributed on two levels plus a lower level with fantastic views over the iconic La Concha mountain. A fantastic family home with full privacy that can be enjoyed all year round.

RENTAL | Location: Golden Mile, Las Lomas del Marbella Club | Ref: 09008 | Map: p 198, Nº25

Bedrooms: 15

Bathrooms: 15

Built: 2,175 m2 including terraces

Plot: 4,165 m2

Price: €75,000 p/week

Luxurious, impressive resort-villa in Los Flamingos

Magnificent villa ideal for large families and groups overlooking Los Flamingos golf course with sea and mountains views. Completely re-designed to world-class standards, this villa is unique on the market due to its many bespoke facilities. It consists of a main house with nine bedroom suites, two of which are four-bedroom family suites, an annex building with four suites, and two independent apartments.

RENTAL | Location: Los Flamingos, Benahavís | Ref: 13998 | Map: p200, north of Nº33

Bedrooms: 3

Bathrooms: 3

Built: 141 m2

Terraces: 43 m2

Price: €7,000 p/week

Spacious apartment in Marina Puente Romano

Fully renovated apartment on the first floor with partial sea and garden views in the most sought-after beachfront complex. Accommodation comprises: a spacious living/dining room with a superb open-plan modern kitchen and access to a lovely covered terrace with views to the communal gardens, swimming pool and sea; master ensuite bedroom and two further ensuite bedrooms.

RENTAL | Location: Marina Puente Romano, Golden Mile | Ref: 11921 | Map: p198, Nº36

Bedrooms: 5

Bathrooms: 5

Built: 585 m2

Terraces: 290 m2

Plot: 2,001 m2

Short-term: €25,000 p/week

Long-term: €25,000 p/month

Palatial villa in Sierra Blanca

Situated in one of the best areas of Marbella, enjoying breathtaking views to the sea and mountains. Built on three levels, the villa is surrounded by beautiful mature gardens with large palm trees, barbecue area and an enormous heated pool. Equipped with high technology installations and qualities, underfloor heating, solar energy, a lift to all levels and air conditioning on the upper level.

RENTAL | Location: Sierra Blanca, Golden Mile | Ref: 14136 | Map: p199, Nº13

Bedrooms: 7

Bathrooms: 7

Built: 2,354 m2

Terrace: 283 m2

Plot: 4,473 m2

Short-term: €20,000 p/week

Long-term: €20,000 p/month

Family mansion with panoramic views

This elegant mansion is located in a well-known area of Nagüeles, just five minutes to Marbella and Puerto Banús, it is close to all services, leisure activities and several international schools. This villa has the four highly desired features: large plot, lots of privacy, good qualities and unbeatable views. The large, salt water pool is heated and there is a solarium and sauna. Gated access with barrier and complete privacy.

RENTAL | Location: Nagüeles, Golden Mile | Ref: 14248 | Map: p199, Nº16

Bedrooms: 5

Bathrooms: 6

Built: 321 m2

Plot: 494 m2

Short-term: €14,000 p/week

Long-term: €14,000 p/month

Brand-new villa walking distance to the beach

Totally refurbished villa a few steps from the beach located in a gated community on the Golden Mile, walking distance to all amenities. It comprises five ensuite bedrooms, all of them with showers except for one of them that has a bathtub. It has a lovely outdoor area and a TV and play room on the lower floor. Available for long-term rent from September.

RENTAL | Location: Casablanca, Golden Mile | Ref: 13706 | Map: p199, Nº3

Bedrooms: 5

Bathrooms: 5

Built: 321 m2 including terraces

Plot: 810 m2

Long-term: €15,000 p/month

Stunning, modern family villa

Stunning villa, built on three levels, with beautiful views to La Concha mountain, located in a quiet cul-de-sac in the heart of Las Brisas. This well-designed home has been completely refurbished and re-designed to a high standard. The access to the villa has been specially designed to enable easy access for wheelchairs, older people and children as it features an optional surrounding ramp to access the property.

RENTAL | Location: Las Brisas, Nueva Andalucía | Ref: 14310 | Map: p200, Nº28

Golden Mile areas and complexes

Greater Marbella area and complexes

West