Many may be aware of Marbella’s reputation as its old-world charm the city is also a magnet for the world’s rich and famous (George Clooney just bought a villa here).
Boasting golden beaches, glamorous restaurants and rows of super yachts docked around its harbours, millions have been poured into the area’s infrastructure. Such luxury forms a stark contrast to the wider fortunes of Spain’s finances, however.
Optimism for the country’s economy raised recently when Microsoft founder Bill Gates invested $155m in Spanish construction giant FCC (Fomento de Construcciones & Contratas). However, as someone with a multi-billion dollar portfolio, perhaps investors should look to the philanthropist for inspiration.
But whilst properties there are at their most affordable since 2006/7, the area continues to attract new investment and infrastructure improvement – a further attraction for home-hunters.
Firstly, an investment of €400 million will be put into the new port Al-Thani at La Bajadilla in Marbella. This transformation will include a circular wall and exterior dyke and a 200-metre quay for cruise liners, plans for a five-star hotel on the marina, as well as bars, restaurants, shops and supermarkets that will revamp the eastern area of the city, bringing La Bajadilla in line with the famous Puerto Banus in the west.
It will potentially benefit both the area’s economy and the lifestyle of those living there. It is planned that over the next four years, cruise ships will be able to anchor at the port and there will be more berths for private boats and yachts.
In terms of infrastructure improvements, The PGOU (General Urban Plan) contains plans for vital new amenities and services, such as schools, health centers, sports centers, parks and roads as well as the upgrading of the town’s infrastructure for electricity, telecommunications, water supply and sewage plants.
In addition, the new railway terminus in Marbella will provide a high speed rail (AVE-High speed train) connection to Madrid in two and half hours, to Barcelona in less than six – and provide local train connections giving access to Málaga city centre within 30 minutes, as well as Málaga airport together with the rest of the Costa del Sol.
It has been referred to as the most important urban development in Marbella’s history and these improvements will enhance Marbella and make it a center for tourism and commercial activities and increase property values in the future.
Also, It is 45 minutes from Malaga Airport or Gibraltar so easy access from most European destinations.
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