Where to Buy in Marbella in 2026: Prices by Area Compared

Short answer: in October 2026 the most expensive places to buy in Marbella were the Golden Mile (€8,016 per m²) and Sierra Blanca (€8,011), followed by Puerto Banús (€7,636). Nueva Andalucía asked €6,013 per m², and moving west or east lowers the price per metre quickly: €4,737 in Estepona town and €4,500 in Calahonda. In practice, €1 million buys about 125 m² on the Golden Mile, 166 m² in Nueva Andalucía and 211 m² in Estepona.

These figures come from our monthly market report, which analyses the asking prices of the 6,710 homes for sale in our listings database. Here is how the main areas compare and what each one is like to live in.

Price per square metre by area

Medians of asking prices, October 2026. “€1M buys” is €1,000,000 divided by the median price per m² built; a rough guide, since views, condition and the development change the price of each home.

The prime core: Golden Mile, Sierra Blanca and Puerto Banús

The stretch between Marbella town and Puerto Banús is the most expensive on the coast. On the Golden Mile the median home asks €1,990,000 and 76% of homes ask €1 million or more; above it, in the hills, Sierra Blanca is a gated area of large villas with a median asking price of €3,000,000. Puerto Banús is mostly apartments and penthouses, so its median price (€1,040,000) is lower even though the price per metre is almost as high. You pay for walking distance to the beach, the marina and the restaurants.

Nueva Andalucía: the golf valley

Just behind Puerto Banús, Nueva Andalucía is the largest single market in Marbella, with 480 homes for sale. At €6,013 per m² it costs about a quarter less per metre than the Golden Mile, with golf courses, international schools and more space for families.

Marbella town, Elviria and San Pedro

Central Marbella (€5,888 per m²) offers year-round town life. To the east, Elviria (€5,601) has beaches and a quieter, residential feel; to the west, San Pedro de Alcántara (€5,228) has a real town centre and its own beach promenade. All three give noticeably more home for the money than the prime core.

Benahavís: privacy and views

Inland, Benahavís combines the ultra-prime La Zagaleta with golf communities such as La Quinta (€6,570 per m²). Around the village the median is €5,334 per m², with homes that are larger on average: the median size for sale is 185 m².

Estepona and the New Golden Mile

Estepona is where most new developments are. The New Golden Mile, between Estepona and San Pedro, asks €6,437 per m²; Estepona town €4,737, with 802 homes for sale, the largest stock of any single area on the coast.

Mijas Costa and Manilva: the most space for the money

East of Marbella, Mijas Costa is popular with families and frequent travellers: €5,052 per m² in La Cala de Mijas and €4,500 in Calahonda. At the western end of the coast, Manilva and La Duquesa are among the most affordable areas in our data, at around €3,384 per m².

Which area is right for you?

• Walk to everything, strong rental demand: Puerto Banús, Marbella town.
• Prestige and the beach: Golden Mile.
• Family villa, golf and schools: Nueva Andalucía, Benahavís, Guadalmina.
• New build near the sea: New Golden Mile and Estepona.
• Most space for your budget and close to the airport: Mijas Costa, Calahonda.

Tell us your budget and how you want to live and we will shortlist the right streets and developments, including homes that are not advertised. The full monthly figures are in our Marbella & Costa del Sol market report.

Source: Airus Homes market report, October 2026 (6,710 homes for sale in our listings database, Resales Online network). Asking prices, not sale prices.