Apartments for sale in Selwo

The average price of homes in Selwo, a residential area located in Estepona, Spain, typically ranges between €200,000 and €500,000, depending on the type and location of the property. For example, smaller apartments can be found for around €200,000 to €300,000, featuring one to two bedrooms and basic amenities. Mid-range properties, such as two to three-bedroom apartments in more desirable locations, usually list between €300,000 and €400,000. Larger villas or townhouses, particularly those with sea views or in gated communities, can range from €400,000 to €600,000 or more. Additionally, luxury properties in Selwo may exceed €1 million, offering expansive living spaces and high-end finishes. The market is influenced by various factors, including proximity to the beach and local amenities.

Over the past year, the real estate market in Selwo has experienced notable shifts, reflecting broader trends in the Costa del Sol region. Home prices have risen approximately 8%, with the average price per square meter reaching around €2,500, up from €2,300 in 2022. In the last twelve months, the number of property transactions increased by about 15%, with around 180 homes sold in 2023 compared to 157 in the previous year. The demand for luxury villas has surged, particularly those with sea views, where prices have escalated to over €1 million for high-end properties. Conversely, apartments, particularly two-bedroom units, saw a modest increase in sales, with prices rising to an average of €350,000, reflecting a growing interest among both local buyers and international investors. Rental prices have also seen a spike, climbing nearly 10%, making Selwo an attractive location for short-term rental investment, particularly during the summer months.

Property prices in Selwo, a district in Estepona, have demonstrated a noticeable increase over the past few years. According to recent data, the average price per square meter rose from approximately €1,600 in 2020 to around €2,000 in early 2023, reflecting a growth of about 25%. In particular, new developments such as the Estepona Bay project have influenced this upward trend, leading to sales in luxury apartments fetching prices upwards of €300,000 for 2-bedroom units. Additionally, the demand for villas and townhouses has surged, with some properties in the area now listed for over €500,000, compared to €400,000 just a year earlier. This escalation in prices aligns with broader trends observed in the Costa del Sol region, where the appeal of coastal living has intensified interest from both local and international buyers.

Real estate prices in Selwo, a district in Estepona on the Costa del Sol, are influenced by several key factors. One significant aspect is location; properties closer to the coast can see prices range from €250,000 for a two-bedroom apartment to over €1 million for a luxury villa with ocean views. Accessibility also plays a role; proximity to major roadways like the A-7 can increase property values by 10% or more. The amenities available in the area, such as golf courses, restaurants, and shopping centers, contribute to desirability, with newer developments often priced higher due to modern facilities. Market trends, influenced by tourism and expatriate interest, can lead to fluctuations; for example, during peak seasons, rental properties can generate yields of 6% to 8%, impacting overall real estate desirability. Additionally, macroeconomic factors such as interest rates and foreign investment levels, particularly from the UK and Germany, can affect price dynamics, with recent years seeing increases of up to 20% in select high-demand areas within Selwo.

Prices at Selwo Aventura, a wildlife park located in Estepona, Spain, typically range from approximately €30 to €40 for adult tickets, depending on the time of year and any promotions. In comparison, nearby attractions like the Bioparc in Fuengirola charge about €25 for adults, while the larger Terra Mitica in Benidorm can cost upwards of €50. Dining within Selwo can be around €12 to €20 per meal, whereas nearby beachside cafes might offer meals for €10 or less. Additionally, parking at Selwo is generally included with ticket prices, while some nearby attractions, like the Selwo Marina, charge around €6 for parking. Overall, while Selwo’s prices fall within a similar range to other attractions, certain costs such as dining and parking can be higher compared to places like Fuengirola or Marbella.

In Selwo, properties that typically command the highest prices are luxury villas and contemporary apartments with stunning views of the Mediterranean coastline, often exceeding €1 million. For instance, upscale villas in gated communities frequently range between €1.2 million to €2.5 million, benefiting from amenities like private pools, expansive gardens, and high-end finishes. These homes often feature four to five bedrooms, and their proximity to golf courses and the Selwo Aventura wildlife park adds significant value. On the apartment front, penthouses with large terraces and sea views can sell for upwards of €800,000, particularly those in sought-after developments that include features like communal pools and fitness centers. Properties that integrate smart home technology and luxurious interiors also attract premium prices, often exceeding €1 million, especially in areas with a strong rental market.

The real estate market in Selwo, part of the Estepona municipality in the Costa del Sol, has shown notable trends in recent years. As of 2023, average property prices in Estepona hover around €2,500 per square meter, with Selwo often featuring slightly lower prices due to its location slightly inland. For example, a typical two-bedroom apartment can be found for approximately €250,000, while larger villas can range from €500,000 to over €1 million, depending on amenities and proximity to the coast. Rental yields in the area are around 5-6%, particularly popular with holiday rentals due to the region's appeal to tourists. Additionally, ongoing infrastructure improvements, such as the expansion of the AP-7 highway and enhancements in local services, could influence property values positively. With the increasing interest in remote work, many are looking toward less saturated markets like Selwo, which may lead to increased demand in the foreseeable future.