What are the average property prices in Nueva Andalucia?

Updated: 9 October 2025

Nueva Andalucia consistently ranks as one of Marbella’s top property destinations due to its prime location, modern amenities, and lifestyle appeal. The area lies just inland from Puerto Banús, offering easy access to golf courses, international schools, and luxury dining.

This combination of convenience and exclusivity has pushed demand steadily upward.
“Nueva Andalucia is Marbella’s Golf Valley, blending lifestyle with long-term value,” according to Quintessentia Property Advisors.

What are the current average property prices in Nueva Andalucia?

The average price per square meter in Nueva Andalucia currently sits between €4,200 and €5,500, depending on property type and proximity to golf courses or Puerto Banús. Villas often exceed €2.5M, while apartments start closer to €400,000. These figures remain higher than Marbella East but below the ultra-prime Golden Mile. The market’s stability makes it a reliable investment zone, attracting both families and international buyers.

Property Type	Average Price (€)	Price per m² (€)	Typical Size (m²)
2-Bed Apartment	450,000	4,300	105
3-Bed Apartment	650,000	4,500	145
Townhouse	950,000	4,700	200
Detached Villa	2,500,000	5,300	420

How do prices in Nueva Andalucia compare with Marbella and Estepona?

Nueva Andalucia is more affordable than the Golden Mile but more expensive than Estepona. Marbella’s Golden Mile averages €7,000 per m², while Estepona’s town center is closer to €3,200 per m². This places Nueva Andalucia firmly in the mid-to-upper segment.

Location	Avg. Price per m² (€)	Typical 3-Bed Apartment (€)	Villa (€)
Estepona	3,200	500,000	1,500,000
Nueva Andalucia	4,500	650,000	2,500,000
Marbella Golden Mile	7,000	1,200,000	5,500,000

“Prices in Nueva Andalucia reflect its balanced appeal: luxury lifestyle without Golden Mile extremes,” notes Marbella Property Network.

Are prices in Nueva Andalucia rising or stabilizing in 2025?

As of September 2025, Nueva Andalucia prices are rising moderately, averaging 4–6% annual growth. Demand remains high due to limited supply, international interest, and ongoing infrastructure upgrades. Inflation-adjusted, the area shows steady rather than speculative growth. Compared to 2022 levels, average prices are up nearly 15%, yet they remain below pre-pandemic speculative peaks. This growth trajectory suggests sustainability rather than volatility.

What factors influence property pricing in Nueva Andalucia?

Four main factors drive prices in Nueva Andalucia:

1. Proximity to Golf Courses – Homes with golf frontage command up to 20% premiums.
2. Distance to Puerto Banús – The closer to the marina, the higher the price.
3. Property Condition – Newly renovated homes average €800–1,200 more per m².
4. View Quality – Sea views raise prices by 15–30% over mountain-only views.

Together, these elements create a tiered market. For example, a renovated villa with panoramic views can cost double a similar-sized older property lacking them.

Is Nueva Andalucia attractive for rental investment?

Yes, rental demand is robust, with yields averaging 4–6% annually. Short-term rentals dominate due to golf tourism and proximity to Puerto Banús nightlife. A 3-bed apartment renting for €2,800/month in long-term contracts can fetch €350–450/night in high season. According to Marbella Lettings, average occupancy rates reach 70% yearly, making the area one of Marbella’s most reliable buy-to-let markets.

How does property taxation compare between Marbella and Estepona?

Property taxes are moderate but vary between municipalities. Marbella charges slightly higher rates than Estepona.

Municipality	Annual IBI Tax (per €1M property)	Plusvalía (capital gains tax)	Average Garbage Tax (€)
Estepona	€1,100	20–25%	€150
Marbella (Nueva Andalucia)	€1,450	22–27%	€180

This means a villa owner in Nueva Andalucia pays around €350 more annually in IBI compared to Estepona. However, many buyers consider the premium justified for Marbella’s prestige and services.

What types of buyers dominate the Nueva Andalucia market?

The buyer pool is diverse, though 60% are international purchasers, led by Scandinavians, British, and Dutch nationals. Families seek larger villas near international schools, while investors focus on apartments with strong rental yields. Retirees often choose townhouses for community living. Domestic Spanish buyers are fewer but usually target high-end villas for prestige.
“Scandinavian demand in Nueva Andalucia remains particularly strong, often leading bidding wars for renovated properties,” confirms Costa del Sol Insights.

What are the hidden costs of buying property in Nueva Andalucia?

Beyond purchase price, buyers should budget 10–12% extra for acquisition costs. This includes:

• ITP (Transfer Tax): 7–10% depending on property value.
• Notary & Registry Fees: Around 1.5%.
• Legal Fees: Typically 1%.
• Mortgage Costs: If applicable, 1–2%.

For a €1M villa, expect an additional €100,000–120,000 in fees. Maintenance, community charges, and annual taxes should also be factored into ownership costs.

How do property sizes differ between apartments and villas?

Apartments in Nueva Andalucia average 100–160 m², often with communal pools and shared gardens. Villas range from 350–600 m², with private pools and landscaped grounds. Townhouses sit between the two, usually 200–250 m², appealing to families seeking community living with more privacy than apartments. Larger villas exceeding 800 m² exist but represent the ultra-luxury niche.

Are financing options available for foreign buyers in Nueva Andalucia?

Yes, Spanish banks offer mortgages to both residents and non-residents. Non-residents can typically borrow up to 60–70% of the property value, while residents may qualify for up to 80%. Interest rates remain competitive compared to northern Europe, averaging 3–4% in 2025.
Pre-approval is strongly advised, as it speeds up transactions and strengthens offers in competitive bidding environments.

How does Nueva Andalucia’s future development affect pricing?

Limited land availability restricts large-scale new builds, ensuring property values remain stable. Boutique apartment complexes and luxury villa redevelopments dominate. According to local urban planning data, only a handful of new permits are issued annually in the Golf Valley.
This scarcity effect means renovated villas and new-build apartments often sell at premiums, as buyers compete for limited supply.

What is the resale potential of Nueva Andalucia homes?

Resale value is strong, particularly for renovated properties with sea views or golf frontage. According to Engel & Völkers, well-renovated villas in 2025 are appreciating at nearly double the rate of unrenovated stock. Buyers increasingly favor move-in-ready homes, creating strong liquidity for investors.
Apartments in prime gated complexes also resell quickly, with average time on market 4–7 months, faster than Estepona but slightly slower than Marbella Golden Mile.

FAQ

Is Nueva Andalucia more expensive than San Pedro de Alcántara?
Yes, by about 30–40% on average. San Pedro offers more affordable housing, but Nueva Andalucia’s location and prestige command higher values.

Do properties in Nueva Andalucia come with community fees?
Most apartments and townhouses do, ranging from €150–400/month. Villas on independent plots often avoid such fees.

What is the average time on the market for homes in Nueva Andalucia?
Typically 4–7 months, faster than Estepona but slower than prime Golden Mile sales. Renovated homes sell quickest.

Can foreign buyers easily purchase property in Nueva Andalucia?
Yes, Spain has no restrictions on foreign ownership. Buyers only need an NIE (foreigner identification number) and local legal representation.

How much do renovations add to property value?
Quality renovations can increase value by 20–25%, especially if modernizing older 1980s–1990s villas.