Estepona the jewel of the New Golden Mile

Estepona has emerged as one of the most dynamic and forward-thinking municipalities on the Costa del Sol, driven by a proactive political vision focused on sustainable urban development, cultural enrichment, and economic growth. Over the next five years, the city is set to undergo a remarkable transformation with a series of ambitious projects that will enhance its infrastructure, improve quality of life, and solidify its reputation as a prime destination for tourism and investment.

This progressive approach is not only elevating Estepona’s appeal as a cultural and lifestyle hub but is also creating significant opportunities for real estate investors. With new luxury developments, improved connectivity, and a focus on sustainability, Estepona is becoming a magnet for both international buyers and local investors seeking high returns in a thriving market. Below is a comprehensive list of the key projects shaping Estepona’s future and driving its real estate potential.

1. Fast Train Project

Details: A long-anticipated fast train project is being planned to connect Nerja and Algeciras, with Estepona as a key stop. A feasibility study is underway to assess passenger demand and socio-economic benefits. The train could serve up to 12 million passengers annually.

Impact: This project will significantly improve connectivity along the Costa del Sol, making Estepona more accessible and boosting tourism and local business.

2. Shopping Mall in Estepona

Details: A €300 million shopping mall project is planned in La Lobilla, covering 130,000 square meters. It will include retail spaces, green areas, and public amenities, making it one of the largest malls in Spain.

Impact: This development will create jobs, attract visitors, and provide a modern shopping and leisure experience for residents and tourists.

3. Redevelopment of Estepona Marina

Details: The Estepona Marina will undergo a major transformation, including reducing the number of moorings to accommodate larger luxury yachts, improving energy efficiency, and modernizing nautical facilities. The project also includes creating green spaces and pedestrian-friendly areas.

Impact: This will enhance Estepona's appeal as a luxury destination and improve the overall experience for visitors and residents.

4. Bulevar Parque Central

Details: A large-scale urban renewal project, the Bulevar Parque Central, will feature landscaped promenades, water features, and an underground parking facility. It aims to connect the Mediterranean coastline with the historic city center.

Impact: This project will improve accessibility and create a vibrant public space for residents and tourists.

5. Mirador del Carmen

Details: This cultural and social hub includes a vertical library, an auditorium, a music conservatory, and an exhibition hall. It has already hosted exhibitions from the Carmen Thyssen collection and the Mapfre Foundation.

Impact: The Mirador del Carmen positions Estepona as a cultural reference point in Spain, attracting art and culture enthusiasts.

6. Coastal Corridor Expansion

Details: Estepona is completing its coastal corridor, linking 23 kilometers of coastline with pedestrian paths. Over 90% of the project is already complete.

Impact: This initiative promotes outdoor activities, improves accessibility, and enhances the city's natural beauty.

7. New Five-Star Hotel and Luxury Apartments

Details: A €150 million project, backed by Emirati investment, will bring a new five-star hotel and luxury apartments to Estepona.

Impact: This development will boost tourism, create jobs, and enhance Estepona's reputation as a luxury destination.

8. Affordable Housing Initiatives

Details: Estepona is expanding its social housing program, with plans to deliver over 100 subsidized homes and initiate new developments to meet the growing demand for affordable housing.

Impact: This will provide affordable living options for residents and support the city's growing population.

9. Sustainability Projects

Details: Estepona is investing in a desalination plant to ensure a sustainable water supply amid drought conditions. The city is also focusing on green urban spaces and sustainable infrastructure.

Impact: These initiatives will improve Estepona's environmental resilience and quality of life.

10. Public Parking Network

Details: Estepona is expanding its network of public parking facilities, offering affordable parking at €1 per day. The latest addition includes 500 spaces in Plaza del Ajedrez.

Impact: This initiative will improve accessibility and reduce traffic congestion in the city center.

11. Cultural and Artistic Development

Details: Estepona continues to promote cultural activities, including international awards for literature and music, and supports local artists through initiatives like the "Estepona Crea" contest.

Impact: These efforts will enhance Estepona's cultural identity and attract creative talent.