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Estepona a better investment than Marbella, says agency

Estepona is a better area to purchase property than Marbella in Spain’s Costa del Sol, according to three professionals at real estate agency Cloud Nine Spain.

The market is said to offer excellent value for money and be on the up.

Justin Mowle, director of Cloud Nine Spain, said: “I love Estepona. It’s half the size of Marbella, and pretty much half the price.

“There’s more space, less traffic, a beautiful old town, lovely marina and you’ve got some great beachfront and hillside properties, so for me, massive tick in the box for Estepona over Marbella.”

Jackie Waters, director of Cloud Nine Spain, has lived in Estepona for 15 years and strongly endorses the area, which is on the Costa del Sol.

He said: “You have the Old Town where you can go into the restaurants, the tapas bars, and find excellent value for money. You can grab a cheeky meal and glass of wine for about €10.

“And you’ve got the fantastic Paseo, where you can walk along the side of the beach for miles, taking in the spectacular views.

“It’s just a great way of life. You can be as Spanish as you want to and it’s friendly. It’s basically, in my opinion, a beautiful, beautiful area.

“I love Marbella, but for good value for money, both property wise and living costs, Estepona in my opinion is the perfect place to be.”

Estepona is seeing new developments, while the firm said there’s a lot of interest in buy-to-let properties for investment purposes.

Sean Woolley, managing director of Cloud Nine Spain, said: “Estepona has a lot going for it, so it’s not surprising that we’ve been selling a lot more properties there in the last five or six years than we ever did previously. Estepona is an easy sell, especially when you look at the prices compared to Marbella.

“I’m looking to buy an investment property in Estepona, and a 2-bed is between €200K and €300K, whereas in a new build development in Marbella a similar 2-bed property would be €700K. So that’s a big difference!”

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