Marbella has been one of the most popular locations in Spain for buying property for many years. Whether you are looking for a second home, a holiday residence, an investment or a place to live permanently or semi-permanently, Marbella and the Costa del Sol have a strong appeal.
At the same time, buying property in Spain is different from buying property in many other countries. The process, regulations and points of attention are not the same. In this guide you will learn what to look out for, how the buying process works and how to avoid common pitfalls.
Thinking about buying property in Marbella?
Buying in Spain is different from many other countries. With the right preparation and personal guidance, you can avoid common risks and make well-informed decisions.
Why choose Marbella
Marbella offers a unique combination of factors that make it attractive to international property buyers. The region is known for its pleasant climate with more than 300 days of sunshine per year, excellent infrastructure, an international atmosphere and good connections via Málaga Airport. In addition, Marbella has a stable and international real estate market and a high quality of life.
Types of property in Marbella
The property market in Marbella is very diverse. You will find apartments in residential complexes with communal facilities such as swimming pools and security, penthouses with large terraces and views, villas in various architectural styles and new-build projects with modern finishes. Each type of property comes with its own considerations in terms of maintenance, costs and rental potential.
Property prices and additional costs
Property prices in Marbella vary widely and depend on factors such as location, type of property, condition and views. In addition to the purchase price, buyers should take additional costs into account. These typically include transfer tax or VAT, notary fees and registration costs. In general, these costs amount to approximately 8 to 12 percent of the purchase price.
The buying process step by step
The buying process in Spain differs from what many buyers are used to. It usually starts with orientation and selection, followed by negotiations on price and conditions. After agreement, a reservation contract is often signed with a deposit. This is followed by legal checks, after which the final deed is signed at the notary and the property is officially transferred.
Mortgage options in Spain
Foreign buyers can apply for a mortgage in Spain. Spanish banks typically finance between 60 and 70 percent of the property value, depending on the buyer’s financial situation. An independent valuation is required and mortgage conditions vary per bank. Proper preparation is essential.
Common pitfalls when buying property
Buyers often encounter similar pitfalls, such as insufficient checks on permits, unclear legal situations, pressure to make quick decisions and underestimating total costs. Being well informed and having realistic expectations helps to reduce these risks.
Buying well prepared pays off
Buying property in Marbella can be a rewarding step if the process is handled carefully and transparently. Good preparation and professional guidance help you minimise risks and buy with confidence.
For more information about personal buying guidance in Marbella, please visit the page about buying property in Spain.