Marbella town is the most well-known resort on the Costa del Sol and enjoys a reputation as one of the most glamorous holiday destinations in southern Europe. Marbella stands for luxury and high-end lifestyle. This explains why some of Europe’s most expensive properties are located here. The area is famous with prime golf courses and some of the world’s best beach clubs.
The center of Marbella includes the historic Old Town with its Moorish castle. It is a charming maze of narrow streets and alleys, and several churches. The central Alameda Park connects the Old Town with the seafront promenade via the Avenida del Mar. The promenade is one of the most popular places in Marbella. With plenty of coffee shops, restaurants and bars by the beach which welcome tourists from all over the world.
Most of the properties in the town are not recently built but maintain high prices compared to other areas on Costa del Sol. This is due to the accessibility to all amenities, hospitals, schools and the beach. One thing to consider when purchasing a home in the center of town is the lack of parking spaces. It becomes even more apparent during the summer because of the huge amount of tourists. Many of the central buildings don´t have communal gardens or pools. Nevertheless this very fact has it´s positive sides as it keeps the monthly maintenance costs very low.
Buying a home in the center of town is best suited for those who enjoy to be on a walking distance to everything and don´t want to use a car. Perfect as an investment to rent out long term as there is a lack of supply or short term tourist rental if done correctly.