Two Costa del Sol Towns Leading Spain’s Property Price Surge

By Vivi Real Estate | 2 de April de 2025 |

The Costa del Sol has long been known as a prime destination for property buyers from all over the world. With its sun-soaked beaches, vibrant culture, and easy access to both nature and modern amenities, it’s no wonder that the region is one of Spain's most sought-after real estate markets. If you're looking to buy property in this beautiful area, working with an experienced real estate agent Costa del Sol is crucial to making the right investment. A good agent can help you navigate the growing market and secure a property in one of the fastest-rising towns in Spain. Today, we’ll explore two towns on the Costa del Sol where house prices are increasing the most, and why they are quickly becoming the hotspots for real estate investors.

Costa del Sol: A Thriving Market

The Costa del Sol, located in the southern region of Spain, encompasses a wide range of towns, each offering something unique to potential property buyers. From the glitzy luxury of Marbella to the more traditional charm of Estepona, the area is a diverse mix of destinations catering to different tastes and preferences.

Over the past few years, real estate prices in many parts of the Costa del Sol have been steadily rising, driven by demand from both local buyers and international investors. However, two towns have particularly stood out in terms of property price increases, making them the focus of attention for potential homebuyers and real estate investors alike.

These towns are Estepona and Mijas, both of which have experienced significant growth in property prices and continue to see rising demand as more people look to invest in these beautiful areas.

Estepona: The Hidden Gem on the Costa del Sol

Estepona is a charming town located on the western edge of the Costa del Sol, just a short drive from Marbella. While it may have been overshadowed by its more famous neighbor in the past, Estepona has been gaining attention as a desirable destination for real estate buyers. Over the last few years, property prices in Estepona have risen sharply, making it one of the hottest markets in the region.

Why Are Prices Rising in Estepona?

Several factors contribute to Estepona’s popularity, leading to its skyrocketing property prices. One of the main reasons is its growing reputation as a "new Marbella." While still more affordable than Marbella, Estepona offers similar benefits, including a beautiful coastline, high-end restaurants, and a relaxed atmosphere. It also has more space for development, meaning that newer, modern properties are becoming more common in the area.

Additionally, Estepona is well-connected to other parts of the Costa del Sol, including Marbella, Puerto Banús, and the Malaga airport. The town is undergoing substantial urban renewal projects, with the town center being revitalized and new luxury developments along its beachfront.

As a result, Estepona has become particularly attractive to retirees looking for a peaceful yet luxurious lifestyle, as well as investors seeking high rental returns. The influx of new buyers and the development of high-end properties have driven up demand and, consequently, property prices.

Types of Properties in Estepona

Estepona offers a wide range of properties to suit different tastes and budgets. From traditional Spanish-style townhouses in the center to modern, luxurious beachfront apartments, there is something for everyone. Whether you’re looking for a family home or an investment property, Estepona has plenty of options. Popular areas in Estepona include the New Golden Mile and Estepona Marina, both of which offer stunning views and easy access to the town’s amenities.

If you're considering purchasing a property in Estepona, working with a real estate agent Costa del Sol is essential to navigating the local market. A good agent can help you find the best properties, negotiate prices, and guide you through the purchasing process.

Mijas: A Blend of Traditional Charm and Modern Amenities

Mijas, a picturesque town nestled between the coast and the mountains, has also seen a significant surge in property prices. Located just a short drive from both Marbella and Fuengirola, Mijas offers the perfect blend of traditional Andalusian charm and modern conveniences. This unique mix has made it one of the most desirable towns on the Costa del Sol for both local buyers and international investors.

Why Are Prices Rising in Mijas?

Much like Estepona, Mijas has been benefiting from its proximity to Marbella. Buyers are flocking to Mijas because it offers a more relaxed, tranquil atmosphere while still being close to the hustle and bustle of Marbella. The town’s affordability compared to Marbella makes it a great option for those seeking a balance between luxury and cost.

Mijas is also known for its stunning natural beauty, which only adds to its appeal. The town boasts panoramic views of the Mediterranean Sea, mountains, and lush green landscapes. Furthermore, Mijas has invested in improving infrastructure, with new roads and modern amenities making the area even more accessible.

Another contributing factor to rising property prices in Mijas is its popularity with foreign buyers. Mijas is a well-known destination for people from northern Europe, especially the UK, looking to invest in second homes or holiday properties. The influx of international buyers is increasing demand for properties, which is naturally pushing prices upward.

Types of Properties in Mijas

Mijas offers an array of properties, from traditional village homes in the whitewashed town center to modern villas with panoramic views. The Mijas Costa area, which is situated along the coastline, offers luxurious beachfront properties, while the Mijas Pueblo area, located in the mountains, provides a more tranquil, rural lifestyle.

Investors are particularly interested in Mijas because of its growing rental market. The influx of tourists looking to stay in the area has led to a steady demand for vacation rentals. This presents a great opportunity for those looking to invest in properties with strong rental potential.

Working with Costa del Sol Estate Agents

As the real estate market continues to heat up in both Estepona and Mijas, working with experienced Costa del Sol estate agents is essential for buyers looking to make smart investments. These agents have an in-depth understanding of the local market, including pricing trends, neighborhood insights, and the legalities of purchasing property in Spain.

Whether you're a first-time buyer or an experienced investor, a real estate agent can help you navigate the complex buying process and ensure that you find the perfect property to suit your needs. From property viewings to negotiations and closing the deal, a knowledgeable agent is there to guide you every step of the way.

The Future of Property Prices in Estepona and Mijas

Looking ahead, it’s likely that property prices in both Estepona and Mijas will continue to rise. As more buyers discover the benefits of living in these towns, demand will only increase. Both towns are undergoing significant development, and their infrastructure is improving, which will further enhance their appeal as residential and investment destinations.

If you're considering buying property in Estepona or Mijas, now is the perfect time to act. By getting in early, you can take advantage of the current market conditions before prices rise even further.

Ready to Invest in the Costa del Sol?

If you’re ready to explore the booming real estate market in Estepona, Mijas, and beyond, working with a trusted agency like Vivi Real Estate will ensure that you make the right decision. Our team of expert Costa del Sol estate agents has a deep understanding of the region and can help you find the ideal property based on your preferences and budget.

Whether you’re looking for a luxurious beachfront villa, a traditional townhouse, or a modern apartment, Vivi Real Estate offers a wide range of properties to choose from. Let us guide you through the buying process and help you find the perfect investment in one of the fastest-growing towns in Spain.

Visit Vivi Real Estate today to start your property journey and explore our extensive listings in Estepona, Mijas, and other towns on the Costa del Sol. Contact Vivi Real Estate to learn more about how we can help you find your dream property in Spain.