Properties For Sale in Marbella, Spain 2025

International buyers looking to purchase property in Marbella must obtain a Foreigner’s Identification Number (NIE) in Spain, which is essential for any transaction. Additionally, it's advisable to open a Spanish bank account for the financial transactions involved in purchasing. It's also important to engage a local solicitor who can guide you through the process, including ensuring that the property has a clear title and is free of any encumbrances. The legal fees generally range from 1% to 2% of the purchase price. Having a notary is also mandatory to officially formalize the sale.

Marbella is one of the most sought-after real estate markets in Spain due to its luxurious lifestyle and prime location on the Costa del Sol. While property prices in Marbella can be higher compared to cities like Valencia or Seville, they are still competitive with Barcelona and Madrid, where the luxury segment can exceed €10,000 per square meter. In Marbella, the average property prices range from €3,500 to €5,000 per square meter, with exclusive areas like the Golden Mile commanding higher prices. The demand for properties in Marbella remains strong, driven by both investors and lifestyle buyers.

Non-resident property owners in Marbella are subject to several taxes. A non-resident income tax is levied on potential rental income, whether you rent the property or not, typically at a rate of 24% of the property's cadastral value or actual rental income. Owners must also pay an annual property tax (IBI), which varies depending on the municipality but usually falls between 0.4% and 1.1% of the cadastral value. Additionally, capital gains tax applies if you sell the property at a profit, currently set at a flat rate of 19% for non-residents.

Marbella is renowned for its sunny climate, with over 300 days of sunshine per year, and offers a cosmopolitan lifestyle with a mix of cultural influences. The city boasts an array of amenities including fine dining restaurants, luxury boutiques, and a vibrant nightlife. Marbella is also home to numerous golf courses and marinas, appealing to golf and sailing enthusiasts. The health care facilities are world-class, and international schools offer multiple curriculums, making it an ideal location for families. Additionally, the city's picturesque coastline and natural parks provide ample opportunities for outdoor activities.

Marbella presents unique investment opportunities, especially in the high-end luxury segment. Areas such as Sierra Blanca, Nueva Andalucía, and the Golden Mile are particularly popular for their luxury villas and apartments. The rental yield in these areas can be attractive, especially during the peak tourist season, with short-term rentals fetching premium rates. Additionally, Marbella's continuous infrastructure development and its appeal as a year-round destination enhance its potential for capital appreciation. Investors may also explore opportunities in off-plan developments, which offer the potential for significant returns upon completion.

When purchasing property in Marbella, it's essential to consider factors such as location, property type, and proximity to amenities. Conduct thorough research on the neighborhood, including its safety, accessibility to transport links, and future development plans. Buyers should assess whether they prefer the vibrancy of central Marbella or the tranquility of suburbs like Elviria or Los Monteros. Additionally, understanding community fees and maintenance costs is crucial for budgeting. Due diligence is also important regarding potential property renovations, ensuring compliance with local building regulations and acquiring necessary permits.

Foreign buyers in Marbella can finance their property purchase through a Spanish mortgage, typically offering loans up to 70% of the property's value for non-residents. Spanish banks require documentation such as proof of income, tax returns, and a bank reference letter, which should be notarized and translated into Spanish. Interest rates in Spain can be both fixed and variable, with current rates ranging from 2.5% to 4% depending on the type and term of the mortgage. It's advisable to consult with a mortgage broker specializing in foreign clients to navigate the best options available.

Some of the most popular neighborhoods in Marbella for foreign buyers include Puerto Banús, known for its luxury marina and high-end boutiques; the Golden Mile, which offers exclusive villas and proximity to five-star hotels; and Nueva Andalucía, often referred to as 'The Golf Valley' due to its proximity to several top golf courses. Sierra Blanca is also favored for its gated communities and panoramic views, while Elviria is popular for its peaceful beachside setting. Each area offers a unique lifestyle, catering to different preferences, from vibrant nightlife to serene coastal living.