Located just a few kilometres west of Puerto Banús, San Pedro Alcántara is a quieter and less expensive neighbourhood compared to many of its glitzy neighbours. Starting out life as a farming colony founded by workers from western Spain in the 19th century, San Pedro was once famous for its sugarcane plantations. Some of the original buildings of the sugarcane cooperative are still standing today.
These days San Pedro is above all known as a lively little Spanish town on the outskirts of Marbella that has a unique, charming character which is fast making it a fashionable place to live. Unlike its siblings Puerto Banús and Marbella, the latter of which lies ten kilometres further east, San Pedro has the feel of a town rather than a resort.
San Pedro’s old town is typically Andalusian, with narrow streets lined with whitewashed houses, traditional bars and orange trees, as well as a pretty parish church and intriguing small shops. San Pedro also boasts the last summer fair (feria) in Andalucía, which normally takes place during the second week of October and is a lively event. While some foreign residents choose to immerse themselves in the hustle and bustle of San Pedro’s town centre, most opt for the peaceful residential areas on its immediate periphery.
Here you will find modern apartments and townhouses, as well as luxury villas set in quiet, leafy streets bordering the exclusive neighbourhood of Guadalmina. Those looking for great value for money would be well advised to consider this part of San Pedro, while the beachfront area of Nueva Alcántara is of particular interest to those with a keen eye for medium-term investment potential.
Here too there are modern apartments lining broad avenues designed with parks, pedestrian paths and cycling tracks, all of which lead to the beach. From the centre of San Pedro town it’s possible to take a scenic walk down to the seafront along the Avenida Marques del Duero, a wide avenue lined by palm trees. On the beachfront – little more than a kilometre from San Pedro itself – there is a beautiful, wide Paseo Marítimo (promenade) framed by palm trees and dotted with bars, chiringuitos (beach side restaurants), and plenty of places to rent water sports equipment. Historians may also want to visit the third century remains of the Roman Baths in the tranquil residential area just behind Bora Bora beach club.
With the completion of the San Pedro bypass tunnel, work has now started on the creation of a beautiful park above it, and already the area is filling up with restaurants, cafés and shops. All of this is making San Pedro an up and coming place with a lot of potential for mid term investment opportunities. Moreover, the area between the town of San Pedro and the beachfront is a natural point for development in the coming years, when the area will be gradually consolidated. Already, well-respected developers are constructing highly attractive apartments in an ideal, green residential setting between town and beach.
For this reason San Pedro and especially the area between the sea and the centre, is becoming an increasingly popular place among homebuyers and investors.
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