Buying property in Marbella is a dream for many international buyers – whether you’re looking for a luxury holiday home, a permanent relocation, or a smart investment on the Costa del Sol. With its year-round sunshine, high-end lifestyle, and strong property market, Marbella continues to attract buyers from the UK, Ireland, Europe, and beyond.
This guide walks you step by step through everything foreign buyers need to know before purchasing property in Marbella.
Why Buy Property in Marbella?
Marbella offers a unique mix of lifestyle and investment potential:
- ☀️ Over 300 days of sunshine per year
- 🏖 Beaches, golf courses, marinas & world-class dining
- ✈️ Easy access via Málaga International Airport
- 💎 Strong demand for rentals (short & long-term)
- 📈 Historically resilient property market
From luxury villas to modern apartments and new developments, Marbella caters to a wide range of budgets and lifestyles.
Best Areas to Buy Property in Marbella
Each area offers a different lifestyle and investment profile:
🌴 Golden Mile
One of the most prestigious addresses in Europe, located between Marbella town and Puerto Banús. Ideal for luxury villas and beachfront apartments.
⛳ Nueva Andalucía
Known as the “Golf Valley,” this area is popular with families, golfers, and investors seeking high rental demand.
🏖 San Pedro de Alcántara
A more traditional Spanish town with modern developments, beach access, and great value for money.
🏙 Marbella Old Town & Centre
Perfect for buyers wanting charm, walkability, and authentic Andalusian living.
Can Foreigners Buy Property in Spain?
Yes, there are no restrictions on foreigners buying property in Spain. Whether you’re a resident or non-resident, you have the same property ownership rights as Spanish nationals.
Step-by-Step: How to Buy Property in Marbella
1. Get Your NIE Number
A Número de Identidad de Extranjero (NIE) is required for all property transactions in Spain.
2. Open a Spanish Bank Account
This is used for property payments, taxes, and utility bills.
3. Find the Right Property
Work with a trusted local agent who understands the Marbella market, pricing, and legal landscape.
4. Make an Offer & Pay a Reservation Fee
Once an offer is accepted, a reservation fee (usually €6,000–€10,000) secures the property.
5. Private Purchase Contract (Contrato de Arras)
Typically 10% of the purchase price is paid at this stage.
6. Completion at the Notary
The remaining balance is paid, and ownership is transferred via a public deed (Escritura).
Costs & Taxes When Buying Property in Marbella
Foreign buyers should budget 10–13% on top of the purchase price:
- 🧾 Property Transfer Tax (Resale): 7%
- 🏗 VAT (New Build): 10% + 1.2% stamp duty
- ⚖️ Legal Fees: ~1%
- 🏦 Notary & Registry Fees: ~0.5–1%
New Build vs Resale Property
New Builds
- Modern design & energy efficiency
- Lower maintenance initially
- Higher purchase tax (VAT)
Resale Properties
- Established locations
- Often better value
- Renovation potential
Your choice depends on whether lifestyle, investment yield, or capital growth is your priority.
Is Marbella a Good Property Investment?
Yes — Marbella remains one of Spain’s strongest property markets due to:
- High international demand
- Limited prime land availability
- Strong rental yields in key areas
- Long-term capital appreciation
Luxury properties and well-located apartments perform particularly well.
Common Mistakes Foreign Buyers Should Avoid
- Not using an independent lawyer
- Underestimating total buying costs
- Buying without understanding rental regulations
- Focusing only on price, not location or resale value
Do You Need a Lawyer in Spain?
Absolutely. A local property lawyer will:
- Check legal status & debts
- Review contracts
- Ensure planning compliance
- Protect your interests throughout the process
This is non-negotiable for foreign buyers.
Final Thoughts: Is Buying Property in Marbella Right for You?
If you’re looking for:
- A luxury Mediterranean lifestyle
- A safe European property investment
- Strong rental demand
- Long-term value
Then Marbella is one of the best places in Spain to buy property.
Looking to Buy Property in Marbella?
At MarbellaPads, we guide foreign buyers through every step — from finding the right area to securing the best deal and completing safely.
📩 Get in touch for a personalised property search or buyer consultation.
Contact me: +34 664016914
