If you’re seriously considering purchasing a new real estate development or investment property on the Costa del Sol, there has never been a better time to buy. Experienced investors often work with high end real estate agents so that they are amongst the first to learn about the best luxury property for sale in Marbella, such as this frontline beach duplex Papaya 21. This is because there is a consistently high demand set against a constant deficit of luxury property sales, which is why it is crucial to know what it is happening in the region
Investment surge in Málaga
Statistics provided in the Málaga Investor Office Annual Report, show that the region is experiencing a rate of growth that is much higher than all of Andalucia or indeed the entire country of Spain. The entire Province of Málaga is currently experiencing an extraordinary surge in investment.
In 2021, Málaga attracted €348 million euros in foreign investment, which represents 32.47% increase upon figures for the previous year. During 2022 there was also substantial investment in new (or expanded) enterprises which created new jobs in the tourism, technology, agriculture, constructions and logistics sectors in the province. Furthermore, 81% of international companies operating in Málaga predict that they will continue to increase turnover, with 55% expecting to increase investment. Around 66% expect to create further new jobs within the region.
Ikos invests 17€ Million on New Golden Mile, Estepona
The high level of investment in the region by international companies is illustrated by the 17€ million euros upgrade and expansion of the Ikos Andalusia, adding 19 additional luxury rooms and suites, restaurants and swimming pools. The hotel located on Estepona’s New Golden Mile is part of the global hotel group the Sani and Ikos Resort Group.
Fendi Beach Club at the Puente Romano Beach Resort
The Puente Romano Beach Resort, located on the original Golden Mile in Marbella, is another deluxe hotel to attract overseas investment. In 2023, the Italian luxury brand, Fendi, took over the hotel’s chiringuito to open the world’s first Fendi Beach club. Fendi rebranded the beach club and opened a pop-up in the complex offering favourite pieces from the astrology inspired summer collection 2023, as part of their campaign to promote a new two-floor Fendi store that has recently opened in Puerto Banús.
The collaboration was announced by the Puente Romano’s General Manager, Gonzalo Rodiguez, who was quoted in a local newspaper (Sur in English) as saying, “The company is honoured to collaborate with Fendi, there is no better way to welcome the summer”.
The Fendi beach club is just the latest in a long list of benefits you could enjoy as the owner of property on Marbella’s Golden Mile. The distinctive logo and striped styling of the upholstery, accessories, beds, umbrellas and tableware is instantly recognizable as Fendi. Creating a fun, relaxed vibe whilst enjoying a cocktail on the beach.
Dani Garcia, Dolce & Gabbana & Mosh Group
Another high-profile partnership came to fruition in 2023, which saw Málaga born Michelin starred chef Dani Garcia team up with iconic Italian fashion brand Dolce & Gabbana and the Mosh group to design the décor and menu of La Cabane Beach Club at Los Monteros Hotel in Marbella East. Domenico Dolce and Stefano Gabbana have created a beautiful azure and white theme heavily influenced by the Mediterranean vibes of Capri and St. Tropez. Dani Garcia devised has devised an elegantly simple yet tasty sea-based menu featuring Italian dishes, ranging from a raw bar to risotto. Dani who currently has 20 restaurants and adheres to a philosophy of ‘local thinking, global cuisine’ philosophy, stated in Diarosur.es that this project has been one of his favourites and most challenging
Antonio Banderas opens La Pérgola del Mediterráneo
Hollywood heartthrob and now established restauranteur, Antonio Banderas, has opened a new beachside restaurant in Málaga. In partnership with the Tercer Acto hospitality group, Banderas opened the new restaurant, La Pérgola del Mediterráneo, in the headquarters of the Club Mediterráneo in Malaga. Launched in the 10th July 2023, the event was understated and low-key, only 60 guests with a connection with the club were invited. These lucky diners selected dishes from two different style menus; the first offering Asian inspired dishes and the second more usual Andalusian flavours. This investment is important for the local community as this large venue can accommodate up to 700 guests and will provide between 50 and 80 jobs.
Investment property in Málaga Province
If you’re interested in investing in property on the Costa del Sol, whether you prefer new build apartments overlooking Málaga’s beaches, want to find the right Los Monteros Marbella property for sale located close to Dani Garcia’s new venture or maybe a contemporary modern villa on the Marbella’s Golden Mile like Andara Villas 1 & 2 …. now is the time to take action.
If you would like further information about investment property in Marbella, the Costa del Sol or want to discuss a real estate development project, please contact info@andaravillas.com.