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With
undoubtedly the best climate in Europe and a low cost
of living, Costa Del Sol lies within Andalucia on the
southern Mediterranean coast between Nerja and
Gibraltar.
It is home to one of the best-known Spanish locations,
Marbella. The area between Marbella and Estepona
is considered by some to be one of the very best
locations
for purchasing property in the world. In fact the stretch of the coastline
is frequented by many of the rich and famous,
including well-known celebrities,
and the price of villas here can run to millions of Pounds, but is also accessible
to many with a budget considerably less than that.
This is a very mature real estate market and there are not many new property
developments taking place at the moment in Marbella. As a result the chances
are that property in Marbella offered for sale are resales, and this has helped
to establish a healthy market with increasing property values and with the
new developments that are built being highly sought after due to having excellent
investment potential. Because there is a large international community, mainly
British, excellent facilities have been developed to service their leisure
and
social needs.
Along this 50-mile stretch of coast there are now
over 30 quality golf courses including Valderarama
at Sotogrande where the 1996 Ryder Cup was held.
There are also several international schools, and the nightlife (particularly
around Marbella) is extensive, including some of the finest restaurants in
the world as well as very reasonably priced local and international cuisine.
The central Costa del sol has developed rapidly over the last 5 years and
the surge in demand has made the west side more attractive, being cheaper
and less
crowded. The new costal highway between Estepona and Sotogrande will make
the west side even more accessible and increase options for purchases.
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