Old Town Properties for Sale

More than seventy monumental murals cover the gable-ends of Estepona's apartment blocks — a municipal art project begun in 2012 that turned an unremarkable working town on the western Costa del Sol into one of the most photographed places in Málaga province. The murals are the easy part to notice. What takes longer to register, and matters far more to anyone weighing up a home here, is the town beneath them: pedestrianised, flower-filled, lived in twelve months a year, and still priced well below Marbella, twenty-five minutes east.

One Marbella developer has put three fashion houses on the deeds of homes along a single stretch of the Golden Mile. Fendi Casa furnishes the apartments at Epic; Dolce & Gabbana is finishing 92 residences a short way inland at Design Hills; and five villas nearby carry the name of Karl Lagerfeld. All three were built by the same company, and all three sit within a couple of kilometres of one another on the Milla de Oro. A decade ago none of this existed. Today the label on the building has become one of the defining features of the top of the Marbella market.

The sharpest rise in property prices anywhere in Marbella over the year to April 2026 did not happen on the Golden Mile, in the golf valley of Nueva Andalucía, or behind any of the gated barriers that guard the hills above the coast. It happened in the middle of the town itself. According to idealista's April 2026 price report, the district it labels Marbella Pueblo — the zone covering the historic centre and the working streets around it — reached €5,689 per square metre, a rise of 30.1% in twelve months. No other part of the municipality came close.