The 10 Most Frequently Asked Questions About Buying Property in Marbella – Answered by Experts
Buying property in Marbella is a strategic decision, whether you’re looking for a second home, a primary residence, or a high-yield investment. With increasing international demand and limited high-end supply, the Marbella real estate market continues to attract buyers from across the globe. Below, our local property experts answer the most common questions about buying real estate in Marbella, based on real conversations with clients, current regulations, and market conditions as of 2025.
What is the current real estate market like in Marbella?
As of 2025, the Marbella property market remains strong, especially in the luxury segment. Prices for high-quality villas and apartments in prime locations such as Sierra Blanca, La Zagaleta, and Golden Mile continue to rise steadily. Demand from international buyers, particularly from Northern Europe, the UK, the US, and the Middle East, continues to outpace supply in key areas.
Can foreigners buy property in Marbella?
Yes. Spain allows full property ownership for non-residents, with no special restrictions. Non-EU citizens can also benefit from the Spanish
What are the additional costs when buying property?
Buyers should budget an additional 10 to 13 percent on top of the purchase price. This includes property transfer tax (ITP) for resale properties (7 percent in Andalusia), notary fees, legal fees, and registration costs. For new build properties, VAT (10 percent) and stamp duty (1.2 percent) apply instead of ITP.
How long does the buying process take?
Once a reservation deposit is placed and the legal due diligence is complete, the purchase can be finalized in as little as four to six weeks. For off-plan or new build projects, the timeline depends on the construction schedule.
Is it better to buy off-plan or a resale property?
Both options offer distinct advantages. Buying off-plan can offer lower entry prices and payment flexibility, while purchasing a resale property in Marbella provides immediate access and often a better sense of location and surroundings.
What kind of return on investment (ROI) can I expect?
It’s hard to say, because your return depends on a lot of things. In sought-after locations like Marbella East, Nueva Andalucía, and Puerto Banús, short-term rental yields can range from 4 to 10 percent annually. Long-term appreciation depends on location, quality, and demand, but Marbella’s luxury real estate has historically outperformed many other European coastal markets.
Are there legal risks when buying property in Marbella?
Spain has a transparent legal system, but it is essential to hire an independent lawyer. They will check ownership, planning permissions, debts, and ensure all contracts are clear and compliant. Avoid using only the seller’s legal representation.
Do I need a mortgage or can I pay cash?
Both are possible. Spanish banks offer mortgages to non-residents, typically financing up to 60-70 percent of the property value. Cash purchases are common in the high-end market, especially for buyers of villas over €1 million, but a mortgage is still possible as long as you meets the requirements.
What taxes do I pay after buying?
You’ll pay annual property tax (IBI), garbage collection tax, and potentially non-resident income tax if you rent out the property. Wealth tax may also apply to high-value properties, though exemptions and regional reductions exist in Andalusia.
Where are the best areas to buy property in Marbella?
For beachfront living and prestige, the Golden Mile and Puerto Banús are top choices. Sierra Blanca and Cascada de Camoján offer gated exclusivity and panoramic views. For families and investors, Nueva Andalucía and Elviria remain solid long-term bets.
Conclusion
Understanding the property buying process in Marbella is essential for making informed decisions. Whether you’re buying a villa in Marbella for personal use or investing in Costa del Sol real estate, local expertise and legal guidance are key to success. Our agency combines deep market knowledge with personalised advice to help you navigate the Marbella real estate market with confidence.
