KiteString Capital invests in villas and sea-view residences on the western Costa del Sol. We buy early, or we buy overlooked, through a network we have built on the ground.
Villas are bought for the view. We buy them for the plot, the orientation and the permit history.
This coast sells itself. Morning swims in October, long lunches on the terrace, a town where the streets are lined with flowers. That is why people keep arriving, and why good homes here are hard to find.
Our work is the part buyers don't see: knowing which developments are worth committing to before the first wall goes up, which resale homes are one renovation away from their real value, and which ones to walk away from.
We commit early to well-located developments, often across several units, when developers price to secure their first sales. Every payment before completion is covered by a bank guarantee.
BeforeWe buy resale homes with fixable flaws, often before they reach the open market. Our own team renovates them with a light, considered hand, then we sell or let.
We don't buy everything that's for sale. These are the homes we look for, and why.
Three to five bedrooms, a south-facing plot and a view that cannot be built out.
Apartments and penthouses in new beachfront communities, bought at launch.
Established homes under €500,000, brought up to date with a light renovation.
Market data from the sources shown, not projections. Asking prices from property portals sit above the prices recorded at sale.
Estepona has spent a decade renewing its old town, paying off its debts and cutting property taxes. It now sits among the coast's most sought-after addresses, yet trades well below Marbella's Golden Mile a short drive east.
Around it, Casares, Benahavís and the New Golden Mile each offer a different mix of beach, hills, golf and value. We know every one of them street by street.
"We moved our family from San Diego to Estepona for the same reasons everyone else is coming: the light, the sea, the pace of life. KiteString exists to own a part of that, carefully, and to share it with a small group of investors who see it the way we do."Youval Peltier, Founder
We work with a small number of investors on each opportunity. US investors invest through a US partnership, in dollars. The first conversation is where it starts.
Each town on this stretch has its own buyers, prices and rhythm. Select a market to see how we read it.
Asking prices (idealista) sit above prices recorded at sale (Portal del Notariado). Each figure is dated to its source.
Málaga province is one of the fastest-growing economies in Spain. Tourism, technology and a steady flow of new residents all feed the same housing market.
Google's cybersecurity centre, Vodafone and TDK have brought engineering jobs to Málaga, and with them remote workers and young families who want year-round living.
Unemployment in Málaga province is falling faster than anywhere else in Andalucía, with 33,900 fewer people out of work in 2024 alone.
Estepona paid off €304 million of inherited debt, cut residents' property tax by an average of 20% in 2025, and is expanding its hospital and redeveloping its marina.
The same coast offers different advantages depending on where your capital comes from.
Sources: Colegio de Registradores (2024–2025), AENA (2025), US–Spain Income Tax Treaty and 2019 Protocol, Junta de Andalucía. Tax treatment depends on each investor's circumstances.
We commit early to well-located new developments, often across several units, when developers price to secure their first sales. At completion we sell, or hold and let.
We buy resale apartments and villas with fixable flaws, often before they reach the open market. Our own team renovates them, then we sell or let.
Most investors pay a different intermediary at every stage. We keep sourcing, renovation and sales within our own network, which cuts costs and shortens decisions.
Our agents bring us pre-launch allocations and off-market homes before they are widely listed.
We value each home on what comparable finished homes sell for today, check the cadastral reference value, and price the renovation or completion risk.
We agree price and terms directly with developers and sellers, and buy several units at once where it improves the price.
A reservation deposit, then a private contract with 10–20% paid. Every stage payment on new builds is covered by a bank guarantee, and our lawyers check title, licences and debts.
We follow construction to completion, or our renovation team delivers a fixed, non-structural scope, usually in a few months.
We sell through our own agency network, or let the home while the market sets the right moment. Proceeds return to the next opportunity.
Real estate investment can lose money. These are the risks we see on this coast, and how we manage each one.
Each archetype has its own logic: where it sits, what makes it scarce, and what we need to see before we commit. Images on this page are AI-generated concepts, not properties KiteString owns or offers.
Quality villas are the scarcest homes on this coast. Most homes sold are resales, and well-designed new villas on good plots sell first. We look for the ones whose view, orientation and paperwork will still matter in ten years.
Apartments and penthouses in new beachfront and front-line-golf communities, bought at launch when developers price to secure their first sales. Where it improves the price, we commit to several units in one building.
BeforeAfter
Plenty of homes on this coast have good bones, great views and twenty-year-old interiors. We buy them below the price of finished homes, renovate them with a light, considered hand, and bring them back to market. Drag across the image to compare before and after.
Public developments we follow as evidence of pricing on the coast. They are not KiteString assets, and we have no affiliation with the developers named. Prices are as published by the developer or its agents in October 2026.
Two- and three-bedroom homes, prices quoted without VAT. Phase 3 is due for delivery in 2027–2028.
Developer page ↗Sixty apartments and penthouses, listed as key-ready in 2026.
Developer page ↗Fifty-five attached villas with private pools near Finca Cortesín. Completion expected in 2028.
Agent listing ↗Small schemes of eleven villas or fewer around El Paraíso and Bel Air, many sold off-plan.
Market listings ↗Property, economy and policy news from Estepona, Marbella and the wider Costa del Sol, refreshed every week.
Headlines link to the original publishers. Summaries are ours. Some sources publish in Spanish.
Co-owner and Chief Strategy Officer of Nectar, a US e-commerce agency of more than 100 people, and founder of the analytics platform iDerive. He moved from San Diego to Estepona, where he lives with his family.
Leads sourcing and developer relationships across the Estepona and Marbella market.
Runs the renovation team, from design and costing to delivery.
Partner firms are named in the investor memorandum.
Access is by invitation for approved investors.
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The Investor Room is for approved investors only. Nothing on this website is an offer of securities.
KiteString is preparing its first investment programme. We work with a small number of investors on each opportunity, and we share deal economics privately with eligible investors only. US investors invest through a US vehicle, in dollars, under US documents.
Tell us about yourself below. We will arrange a call, online or in Estepona.
We confirm whether you are eligible to invest, based on where you live and your investor status.
Eligible investors receive access to the memorandum, sample deal walk-throughs and current opportunities.
You invest in a US partnership managed by KiteString. It owns our Spanish company, which buys, renovates and sells the homes. You never deal with Spanish notaries, tax numbers or bank accounts.
Final structure, jurisdiction and tax treatment are set by US and Spanish counsel and described in the offering documents. Investors outside the United States, including in Canada and Europe, invest through arrangements suited to their own rules.
Your details are seen only by the KiteString team.
US investors invest in a US partnership managed by KiteString. The partnership owns a Spanish company (a Sociedad Limitada) that holds the properties and runs the work on the ground. Investors in Canada, Europe and elsewhere invest through arrangements suited to their own rules. The final structure is set by US and Spanish counsel and described in the offering documents.
Minimums depend on the programme and are shared with eligible investors in the memorandum.
US investors wire their capital to the US partnership, which holds it in a US bank account in the partnership's name. The partnership sends money to the Spanish company only when it is needed for a specific purchase or renovation, and in Spain it sits in bank accounts in the company's name. Payments to developers before completion are covered by bank guarantees, as Spanish law requires. Sale proceeds flow back to the partnership, which makes distributions to partners in US dollars.
Investors receive regular reporting on every property, covering purchase, works, letting and sale.
Yes. US investors invest through a US partnership managed by KiteString, in dollars and under US documents, and the partnership owns our Spanish company. Participation is limited to investors who are eligible under US securities rules, usually accredited investors, and we confirm eligibility before sharing any investment materials.
The structure is designed to be tax-efficient at each level. In Spain, our company buys as a professional property business, which qualifies for a 2% transfer tax instead of 7% on resale homes up to €500,000 that it resells within two years, and new companies pay a reduced 15% corporate tax rate in their first two profitable years. In the United States, the partnership is not taxed itself: profits pass through to partners, who receive one Schedule K-1 a year. The US–Spain tax treaty cuts Spanish withholding on profits paid to the US from 19% to 15%, and US investors can generally claim it as a foreign tax credit. Our Spanish advisers handle the Spanish company's filings. Tax still depends on your own circumstances, and we recommend every investor takes their own tax advice.
No. We invest in property on behalf of our investors. We don't sell homes to the public or represent buyers.