Marbella property market overview

1. Marbella: How large is it?

Marbella is a name so renowned that even nearby areas often claim the title. Some locations brand themselves as part of Marbella, though closer investigation reveals they are situated up to 30 kilometers from the town.

In 2024, Marbella hosts around 165,000 residents from 153 different nationalities, spanning 117 square kilometers.

During the winter, the city’s population swells by about 100,000 due to an influx of tourists and temporary residents, bringing the total to approximately 265,000. In the summer, this number rises further, reaching estimates of 300,000 to 400,000 people.

Which areas fall under Marbella?

• Marbella town – The historical heart, which includes the Old Town and the beachfront area.

• San Pedro de Alcántara – The western part of Marbella, an up-and-coming district known for its beaches and residential areas.

• Puerto Banús – A luxurious marina and tourist destination, world-renowned for its boutiques and yacht harbors.

• Nueva Andalucía – A well-known area for golf courses and residential neighborhoods, located near Puerto Banús.

• Las Chapas, Los Monteros, El Rosario, and Elviria – Coastal residential areas on the eastern side of Marbella.

• Cabopino – The easternmost part of Marbella, famous for its marina and beautiful beaches (dunes).

The Golden Mile consists of:

1. Marbella Club and Puente Romano – Two of the most iconic luxury resorts, offering world-class services and favored by celebrity guests.
2. Sierra Blanca – A luxurious residential area in the mountains, with stunning views of the sea and Marbella town.
3. Las Lomas del Marbella Club – A high-end residential neighborhood near the Marbella Club hotel, renowned for its large and elegant villas.
4. Nagüeles – A prestigious hillside residential area featuring spacious villas.

The Golden Mile

2. Real Estate Market in Marbella

If you are looking for your dream home or an investment opportunity, Marbella stands out as a highly attractive real estate market. Here, you will find a diverse range of luxury villas, modern apartments, and traditional Spanish-style houses, all set against the stunning backdrop of the Mediterranean Sea. Property prices vary significantly depending on the area – more exclusive neighborhoods like the Golden Mile or Puerto Banús offer properties at higher price points, while other districts provide a broader and more affordable selection.

From June 2023 to 2024, property prices in Marbella have risen by 13.7%, reaching €4,812 per square meter. In premium areas such as the Golden Mile, Nueva Andalucía, and Las Chapas, prices can soar to €28,600 per square meter for renovated or new properties.

The luxury segment remains in high demand, especially among international buyers. Investors from the UK, Germany, France, Belgium, and the Netherlands are driving up demand, making Marbella one of the most attractive areas on the Costa del Sol. The scarcity of new developments, combined with high demand, is pushing prices even higher. 33% of all transactions are made by foreign buyers, with the Golden Mile and Nueva Andalucía being the most sought-after areas among international investors.

The average rental price has also increased, reaching €2,263 per property in 2024.

The long-term value appreciation, the luxurious lifestyle it offers, and the secure investment environment signal that Marbella will continue to be one of the leading real estate markets in Spain.

Here you will find active listings on the Marbella real estate market.

Apartments from €200,000 to €1,900,000

New developments from €300,000 to €3,000,000

3. Overview of the Marbella Rental Market

The rental market in Marbella is highly diverse and fast-paced.

High demand for short-term rentals

Marbella is a tourist hotspot, especially for short-term rental apartments and villas. During the summer season and holidays, there is significant demand in coastal areas and the Golden Mile. Scandinavian, British, Belgian, Dutch, and French tourists are among the main clients, with international visitors continuously driving rental prices higher.

Growth in the long-term rental market

With short-term rentals being heavily regulated and highly competitive, the demand for long-term rentals has started to increase. Clients include both digital nomads and international retirees. For long-term tenants, stability and comfort are crucial, which often leads them to pay higher prices for high-quality properties.

Prices and profitability

Rental prices vary greatly depending on location and property type. In Marbella’s city center and luxury areas such as Puerto Banús and the Golden Mile, rental prices are exceptionally high, while in the suburbs and further inland, prices are more affordable. However, demand in suburban areas has also risen in recent years, as people seek quieter living environments.

Here are the data from the past year, October 2023 to September 2024. The statistics are sourced from Airbnb and Vrbo channels. There are a total of 7,199 active properties. The majority are 2-bedroom properties, followed by 1-bedroom and 3-bedroom listings, with fewer properties offering 4 or more bedrooms.

Most visitors stay for up to a week.

What is the average annual revenue? The revenue also includes cleaning fees.

What is the average monthly revenue throughout the year?

Rental income increases significantly with properties offering 4 or more bedrooms. If you’re considering purely rental properties, the top recommendation would either be a studio apartment or a 4-bedroom property.

The software allows for profitability analysis of a specific property or area and provides data on nearby properties with similar conditions—such as occupancy rates, revenue, and a list of services.

Get in touch – eve@merlishomes.com

4. Marbella’s diverse beaches

Whether your goal is a relaxing day in the sun, thrilling water sports, or a seaside dinner accompanied by the soothing sound of the waves, Marbella offers it all. Let’s take a look at the main beaches in the Marbella area.

La Fontanilla Beach
If you’re looking for a convenient beach experience right in the heart of Marbella, La Fontanilla is the perfect spot. This beach is equally loved by locals and tourists. Top-tier restaurants and shops are just a short walk away—everything is within easy reach.

Puerto Banús: An exclusive beach experience
Puerto Banús beach is ideal for those seeking luxury and an elegant atmosphere. The beach is close to yachts, exclusive beach clubs, luxury brand boutiques, and fine dining restaurants.

Cabopino Beach: A hidden gem
Located near Marbella, Cabopino beach is known for its nature reserve and sand dunes. It’s quieter than the central beaches, offering a serene environment where you can enjoy peace and stunning natural views. It’s perfect for those who prefer a more private getaway.

Los Monteros Beach
Los Monteros is a peaceful beach, ideal for those seeking privacy and tranquility. It is less crowded yet still provides all the comforts you would expect from Marbella’s luxury beach offerings.

If you’re considering purchasing a home or an investment property near the beach, proximity to the coastline is always a significant advantage—whether for year-round living or as a winter retreat.

5-day weather forecast for Marbella

5. Shopping Centers

La Cañada Shopping Center
Website: lacanadashopping.com
Address: Carretera de Ojén, s/n, 29600 Marbella
Marbella’s largest shopping mall, featuring a mix of international and local brands.

El Corte Inglés, Puerto Banús
Website: elcorteingles.es
Address: Calle Ramón Areces, s/n, 29660 Marbella (Puerto Banús)
A luxury department store offering designer fashion, home furnishings, and much more.

6. Restaurants

Marbella is known for its diverse culinary scene, with an estimated 1,100 to 1,300 restaurants, cafés, and bars. This number fluctuates depending on the season and the influx of tourists.

The Marbella area is home to one restaurant with two Michelin stars: Skina (Cánovas del Castillo 9, Marbella, 29601). In addition, there are four restaurants that have been awarded one Michelin star.

In addition, there is a separate category known as Bib Gourmand, a Michelin guide distinction awarded to restaurants offering excellent food at affordable prices. There is also a special category for the “Good Cooking” distinction, which signifies that a restaurant has been recognized by Michelin inspectors for its high-quality cooking. In 2024, 12 restaurants in Marbella have received the Good Cooking recognition.

Here’s a selection of various dining spots, from beachfront restaurants and tapas bars to ice cream cafés.

La Dolce Vita Beach – Chiringuito en Marbella
Website: ladolcevitamarbella.es
Address: Playa del Cable-Banana, s/n, 29603 Marbella
A classic beachfront restaurant offering a relaxing atmosphere and delicious Mediterranean cuisine.

Lekune Tapas Bar
Address: Edif. Granada, Av. Fontanilla, Local 1, 29601 Marbella
A popular tapas bar serving traditional tapas with a modern twist.

Sea Grill Restaurant
Website: puenteromano.com
Address: Hotel Puente Romano, Bulevar Príncipe Alfonso von Hohenlohe, s/n, 29602 Marbella
An exclusive beachfront restaurant offering Mediterranean cuisine, grilled dishes, and fresh seafood, with stunning sea views.

BiBo Dani García Marbella
Website: BiBo Dani García Marbella
Address: Hotel Puente Romano, Av. Bulevar Príncipe Alfonso de Hohenlohe, 29602 Marbella
Famous for its innovative cuisine, led by Michelin-starred chef Dani García.

Amorino Gelato – Marbella El Fuerte
Website: amorino.com
Address: Avda. Duque de Ahumada, P.º Marítimo, 2, Local 4, 29602 Marbella
Handcrafted gelato and sorbet, perfect for a refreshing treat on a hot summer day.

7. Clinics in Marbella

The Spanish healthcare system is divided into two sectors: public healthcare and private practices.

• Public Healthcare. This includes primary care services, specialist consultations, hospital care, and emergency medical services.

In the Marbella area, several public healthcare facilities are part of the Andalusian Health Service.

Hospital Costa del Sol is one of the largest and most important hospitals in the Marbella region, offering a wide range of medical services, including emergency care and specialized treatments. It serves Marbella and its surrounding areas and is a key healthcare facility for the entire Costa del Sol region.
Address: Autovía A-7, Km 187, 29603 Marbella

Centro de Salud Leganitos
Located near Marbella’s city center, offering a wide range of primary healthcare services.

Centro de Salud Las Albarizas
Serves the eastern part of Marbella.

Centro de Salud San Pedro de Alcántara
Covers the San Pedro Alcántara area, including the residents of Guadalmina and Nueva Alcántara.

Consultorio La Campana
Located in the Nueva Andalucía area, serving residents near Puerto Banús.

• Private Practices and Private Insurance. In addition to the public healthcare system, private clinics and private insurance are very common in Spain. Private healthcare is popular among international residents and patients seeking higher service standards, offering faster access to specialists and often shorter waiting times.

There are several private clinics in the Marbella area.

Quirónsalud Marbella
Quirónsalud is a hospital offering a wide range of specialized medical services, including ophthalmology, cardiology, and more.
Address: Avda. Severo Ochoa, 22, 29603 Marbella
Website: Quirónsalud Marbella

Clínica Premium Marbella
This clinic offers over 30 medical specialties, including dermatology, gynecology, orthopedics, and robotic surgery services.
Address: C. San Juan Bosco, 8, 29602 Marbella
Website: Clínica Premium Marbella​

Helicopteros Sanitarios
Known for emergency medical care and home visits, they also offer a wide range of general medical and specialist services.
Address: Urb. Aloha Pueblo, Local 6-7 Nueva Andalucía, 29660 Marbella
Website: Helicopteros Sanitarios​

Ochoa Medical Centre
Ochoa is a polyclinic providing services such as dentistry, orthopedics, and dermatology.
Address: Avda. Ricardo Soriano, 50, 29601 Marbella
Website: Ochoa Medical Centre

HCM Marbella (Hospital Ceram Marbella)
Specializing in women’s health, including obstetrics and fertility treatments, HCM also provides general healthcare and pediatric services.
Address: Calle Maestra Doña Carola, 8, 29602 Marbella
Website: Hospital Ceram

8. Schools in Marbella

In Spain, the education system is divided into preschool and a three-tier structure. Preschool consists of two stages. The first stage includes nurseries (guarderías), catering to children from three months to three years old. The second stage is preschool (escuela infantil), designed for children aged three to six. Once a child turns six, attending school becomes compulsory.

Primary education (Educación Primaria) lasts for six years and is mandatory for children aged six to twelve.

Secondary education (Educación Secundaria Obligatoria or ESO) lasts four years and is compulsory for students aged twelve to sixteen.

After completing compulsory education, students can choose to continue their studies in high school (Bachillerato) or attend a vocational training center (Formación Profesional).

Bachillerato: A two-year program that prepares students for university studies.
Formación Profesional: A vocational training program that provides students with practical skills and training for a specific profession.

You can explore the schools in the Marbella area here.

9. What is the future of Marbella?

Marbella’s General Urban Development Plan has been in the works since 2019. In 2023, it received its initial approval and is set to replace the outdated 1986 plan. The final approval is expected by 2025.

The coming years will bring significant changes to Marbella’s overall landscape.

The new urban development plan reclassifies approximately 12 million square meters of land, which will enable the development of new residential areas, commercial spaces, and infrastructure. As a result, Marbella will expand inland, and while properties located a few kilometers away from the sea are currently (2024) more affordable and offer a quieter lifestyle, this is likely to change in the near future.

The new plan will further invigorate the real estate market. New business districts and industrial parks will create more jobs. Improved infrastructure is expected to enhance transportation, with plans to reorganize traffic in Marbella’s city center. For example, Ricardo Soriano Street is planned to be partially converted into a pedestrian street (approximately 600 meters), not primarily to reduce traffic but to create an attractive zone for tourists. This area will feature new cafes, restaurants, green spaces, regular cultural and music events, and shops. The inspiration for this change comes from Málaga’s beautiful Calle Larios.

The urban plan will also highlight Green Marbella. While these may seem like big promises, the goal is clear:

• Expansion of green spaces: Marbella plans to create more parks and green areas to improve the living environment and air quality.

• Energy efficiency and renewable energy: The city supports the use of solar energy and other renewable energy sources, as well as the energy efficiency of buildings.

• Improved waste management: The focus will be on waste sorting and recycling to reduce waste and promote a circular economy.

• Development of cycling and pedestrian areas: New bike lanes and pedestrian zones will be built to reduce traffic and promote cleaner air.

• Optimized water use: Recycled water will be used for irrigation in parks and green spaces, with water conservation as a priority.

• Smart city technologies: Marbella is moving towards becoming a smart city, using intelligent solutions to improve infrastructure, traffic, and energy efficiency.

• 15-minute city concept: The aim is for all essential services (such as shops and healthcare facilities) to be accessible within a 15-minute walk for residents.

In conclusion

Over the decades, Marbella has risen to become one of Europe’s most prestigious destinations, offering an exceptional living environment, a luxury real estate market, and a unique lifestyle. Here, history, culture, modernity, and nature blend seamlessly, making Marbella attractive to both tourists and permanent residents.

Whether you are looking for a second home, a vacation spot, or an investment opportunity, Marbella offers a wide range of options, complemented by world-class services and a distinctive atmosphere.

If you are interested in real estate in this beautiful area, feel free to get in touch – we are here to help you find the perfect apartment or house.