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NERJA PROPERTY MARKET OVERVIEW :

Balcon de Europa
Parador area
Burriana
Chimenea
Hotel Monica
Capistrano village / San Juan de Capistrano
Maro
Punta Lara / Tropicana
Beaches
Industrial area


The great thing about Nerja is that it is perfectly suited for walking. You are never more that 20 minutes on foot to where you want to get to.  The main sections of Nerja can be identified by the following areas:  Balcon de Europa,   Parador ,  Burriana,  Chimenea,   Hotel Monica,  Capistrano and San Juan de Capistrano,  Maro,  Punta Lara/Tropicana. 

Other areas of interest are the many beaches, the Rio Chillar River,  the Tuesday Market, the  Sunday Flee Market and Industrial area.  

BALCON DE EUROPA 

It is the geographic center of Nerja and there is no better place to start a tour of the town than to start at the Balcon de Europa.  From there you can branch out in all directions.  Like the Champs d’Elysèe it is that very special place where every visitor and resident holds dearest to his heart. 

Standing at the very tip of the Balcon de Europa looking south is the Mediterranean Sea with North Africa and Morroco not far away.  Looking north, the Almijara Mountains loom large and inviting - there are great trekking tours mapped out. From there you can also see the broad contours of the town. On the right looking east you have the village of Maro about 2km away.  Just below the Balcon de Europa with your hand touching the chin of the bronze sculpture of Alfonso XII, who gave the Balcon it’s name in 1889, you have Playa Calahonda.  This is a very quaint beach which has without doubt the best beach side restaurant in Nerja, the Papagayo.  The French owner Jean-Pierre has put together a menu like none other on the coast. Try the goat cheese with apple salad for starters and I promise that the Papagayo will become your favourite day time place to eat.  It has a great seaside Mediterranean atmosphere and the menu is  very reasonably priced.  

Also on the Balcon de Europa is the 16th Century San Salvador Church, the Town Hall, the new renovated Tourist Bureau, many banks and cash points, many restaurants and the newly opened Nerja Internet Center, which offers a complete and friendly service for all your internet needs plus an assortment of very special gifts – a must to visit.

Some properties near the Balcon de Europa are the most expensive in Nerja.  Especially on Calle Carabeo, the seaside street going east, properties range from 1 to 5  million euros.  On the Balcon de Europa itself 2 bedroom apartments range from 250,000 euros upward.  As an exclusive town center residential area properties on the Balcon de Europa maintain their value and are more crisis proof than any other properties  

PARADOR AREA: 

The Parador  is  one of the 100 or so Spanish state run hotels.  It is Nerja’s most exclusive hotel.  It offers fine Spanish cuisine to its guests and to the public.  It has a great view of Buriana Beach.  Take a stroll through its wonderful garden.         

 Except for Calle Rodriguez Acosta which hides a dozen or so multi-million euro properties behind the high walls, the area has mostly apartments and townhouses.

Price overview:                        
1 bed:  110–120,000  €       
2 bed:  140-160,000  €
3 bed:  180- 220,000 €

BURRIANA:

The area gets its name from Burriana Beach.  Here you will find the largest selection of beach restaurants and bars in town.  It’s a great place to spend the day and in the summer everything stays open until late into the night.

There are only apartments as front line properties on Burriana Beach.  These properties are more expensive because of their proximity to the sea

Price overview:
1 bed:  150–200,000 €                           
2 bed:  180- 260,000  €
3 bed:  220- 400,000 €                                                     
                        
CHIMENEA:

It is the area on the cliff top as you look up from Burriana Beach.  As with Calle Carabeo it has the most expensive villas in Nerja.  There is no front line villa for less than 1 million euros.  The Chimenea area is also home of the Capistrano Playa Housing Estate, which is  an assortment of apartments and townhouse. 

Price overview for Capistrano Playa:   
1 bed:  130–150,000 €       
2 bed:  140-180,000  €
3 bed:  180- 220,000 €                                                                         
                           
HOTEL MONICA:  This has always been a reference point in Nerja because it is the  largest hotel in town, catering mostly to above average priced package tours.  The hotel fronts on Playa Torrecilla.

One street down you also have Hotel Perla Marina, which is smaller and offers very comfortable living accommodations at reasonable prices.  It fronts on Playa El Playazo.
There are only apartments and townhouses in this part of the town. 

Price overview:                     
1 bed:  120–130,000 €       
2 bed:  140-165,000  €
3 bed:  180- 300,000 €                                                    
                                                 

CAPISTRANO VILLAGE /SAN JUAN DE CAPISTRANO:

It is that cluster of white dwellings that you see on the mountain side.  Capistrano and San Juan de Capistrano are the two largest  housing estates in the Nerja.   They are really an oasis of tranquillity with lush gardens away from the hustle and bustle of the town center.  They have fantastic pool and sunbathing areas and shops and restaurants. On these two housing estates there are only town houses and private villas (detached houses)

Price overview:           
    
Townhouses: 

1 bed:  130–150,000  €       
2 bed:  140-180,000  €
3 bed:  180- 220,000 €                                                                     

Villas:      
2 bed:  200-290,000  €
3-4 bed:  275-450,000  € 

MARO: 

It is part of Nerja in the census put it stands on its own about 2 km east of Nerja.  It has the world famous Nerja Caves, the second most visited tourist attraction in Spain at 450,000 visitors per year.  The Caves are famous for the highest stalactites and stalagmites in the world.   Maro has a population of about 1,500 inhabitants and it has  been completely spared by the last construction boom.  It has kept its small village atmosphere and is a great place to just stroll around, have a tapa or a meal and enjoy the mountain and sea views.

The area closest to the Caves has 50-60 villas that sell for between 250-900,000 €.

Price overview:                        
1 bed:  120–140,000  €       
2 bed:  140-180,000  €   
3 bed:  180- 220,000 €

 
PUNTA LARA/TROPIANCA:  

These two housing estates, very popular with the Brits, are adjacent to each other at about 1 km west of Nerja.  Punta Lara was built in the 70’s and Tropicana in the 80’s.  They are quiet well run estates with lovely pool areas.  They are only a stones throw away from El Playazo Beach.  

Punta Lara is a mixture of townhouses and villas.  The townhouses sell for the average prices of what a townhouse will  fetch in Nerja.  The villas range from 350,000 €  to over 1 million €.  Tropicana has exclusively apartments and townhouses.

Price overview:  
1 bed:  120–150,000  €       
2 bed:  140-160,000  €   
3 bed:  180-280,000  €

 
BEACHES: 

The main beaches in Nerja from east to west are:

Playa Maro:   You need to go down a very steep hill to get to it but it offers a quieter space than any of the other beaches.

Playa Burriana:  It is Nerja’s most popular beach with the foreign community. Loads of restaurants/bars and some shops.  

Playa Calahonda:  Situated west, just off the Balcon de Europa in the center of Nerja. Great place to eat.

Playa Salon:  Situated east, just off the Balcon de Europa in the center of Nerja. A quiet beach but as of today it does not have a beach bar/restaurant.

Playa Torrecilla:  Open to all the public it is the beach used by the guests of Hotel Monica.  It has two typical ‘merenderos’, Spanish for beach bar and restaurant.

Playa Playazo:  As its name suggests it is the largest beach in Nerja, about 1 kilometer long.  It is the beach where the locals prefer to go and set up their parasols, bring half the kitchen appliances, all the contends of the fridge and chill out as only they know how to do.  A great place to spend the day with the natives.

RIO CHILLAR: 

It is the river that comes from the mountains and crosses Nerja to the west.   Except when it rains the river is bone dry.  From the sea to the old bridge there is now a very pleasant walk way.  The river also skirts the park, Parque Verano Azul, which is the location of many hotly contested ‘petanque’ (balls) matches.  

INDUSTRIAL AREA:  Of interest to local home owners the Industrial area is situated on the outskirts of Nerja off the slip road to the motorway.  It has carpentry, iron, glass, plastic, etc makers.  You can get anything tailor made to suit your needs.

The Tuesday market/flea market    

Both are situated in Urbanizacion Almijara, on the north-west side of Nerja, going up towards San Juan de Capistrano.
 


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