Frequently Asked Questions about Marbella Real Estate Market

If you're looking to invest in Marbella’s real estate market, this Frequently Asked Questions about Marbella Real Estate Market guide covers everything you need to know. From the average selling price in Marbella to the best areas for investment, market trends, new developments, and legal requirements — this resource provides clear, data-driven insights. Whether you're a first-time buyer or a seasoned investor, you'll find essential information to navigate the Marbella property market with confidence.

What are the best areas to buy property in Marbella?

Marbella offers several prime areas for property investment, each with unique appeals:

La Zagaleta: An exclusive gated community offering privacy and luxury, with large villas, private golf courses, and an equestrian center, favored by high-net-worth individuals.
Sierra Blanca: Offers elevated properties with stunning Mediterranean views, known for its exclusive villas and gated communities.
Golden Mile: Known for luxury villas, 5-star hotels, and exclusive beach clubs, it is one of the most prestigious and expensive areas.
Nagüeles: Located near the Golden Mile, Nagüeles is known for its large villas and serene environment, offering a blend of luxury and tranquility, with close proximity to Marbella's amenities and beaches.
Nueva Andalucía: Known as Golf Valley, it features numerous golf courses and a range of properties from apartments to large villas, ideal for a quieter lifestyle with excellent amenities.
Marbella Club Golf Resort: This area offers luxurious properties within a gated community, featuring an 18-hole golf course, equestrian center, and beautiful natural surroundings.
Guadalmina: Known for tranquility and high-end properties, including beachfront villas and luxury apartments, with a commercial center and golf courses.

These areas offer a range of luxurious lifestyles, from beachfront living to serene, secluded settings, catering to diverse preferences and investment goals in Marbella's real estate market.

We've prepared detailed area guides so you can choose wisely.

What is the average selling price in Marbella?

As of mid-2024, the average sales price for properties in Marbella exhibits significant variation depending on the specific area and the type of property. Generally, the average price per square meter in Marbella is around €5,054. However, this figure can fluctuate considerably across different neighborhoods.

Milla de Oro (Golden Mile): Prices can reach as high as €5,969 per square meter, reflecting the exclusivity and luxury of the properties.
Marbella East: More affordable options, with prices averaging around €4,292 per square meter.

This disparity highlights the diverse real estate market in Marbella, catering to a wide range of budgets and preferences. The overall trend shows a steady increase in property prices, driven by high demand and limited supply, making Marbella a hotspot for real estate investment.

Check out our Sales & Trends tool.

How was the real estate market in Marbella in 2024?

The real estate market in Marbella in 2024 is characterized by:

High demand, limited supply, and rising prices.
Prime locations like the Golden Mile, Nueva Andalucía, and La Zagaleta continue to attract strong interest from international buyers.
Year-on-year price increases of up to 15%, driven by limited availability and rising construction costs.
Strong foreign buyer presence, ensuring a robust market.

More details you can find here.

Are there any new developments in Marbella?

Marbella boasts several new luxury real estate developments that cater to discerning buyers:

UNO: The most exclusive gated beachfront development along Marbella’s Golden Mile in the last 20 years.
Design Hills by Dolce & Gabbana: Luxury villas designed in collaboration with the iconic fashion brand.
Elie Saab Villas: High-end villas with elegant architecture by renowned designer Elie Saab.
Fendi Villas: Sophisticated, stylish villas showcasing the luxury and innovation of Fendi.
Karl Lagerfeld Villas: Unique architectural elements combined with top-tier amenities.
Tierra Viva: A new exclusive residential community featuring 53 contemporary-style villas developed in collaboration with Lamborghini.

Read more here.

Is Marbella a good place to invest in real estate?

Marbella is an excellent place for real estate investment due to:

Strong demand for luxury properties from international buyers.
Resilient market trends with steady property value increases.
New luxury developments enhancing Marbella’s appeal.
A strong rental market that offers attractive yields.

Discover more advantages of Marbella here.

What are the property taxes in Marbella?

When purchasing property in Marbella, several taxes and costs apply:

Transfer Tax (ITP): 7% for resale properties. New properties have a 10% VAT + 1.2% stamp duty.
Municipal Property Tax (IBI): Annual tax based on cadastral value.
Plusvalía (Capital Gains Tax): Paid by the seller, based on the property’s cadastral value increase.
Non-Resident Income Tax: 24% on rental income for non-EU residents; 19% for EU residents.
Wealth Tax: Applicable to properties over €700,000 for residents and €3 million for non-residents.

Find out more about property taxes in Marbella in our guide.

How can I find a reliable real estate agent in Marbella?

A good real estate agent should provide:

Expertise & Local Knowledge: Deep market understanding and investment insights.
Comprehensive Support: Assistance with legal, financial, and logistical aspects.
Negotiation Skills: Ensuring you secure the best deal.

We've prepared a purchase guide to help you buy property in Marbella.

What are the legal requirements for buying a property in Marbella?

To legally buy property in Marbella:

Obtain an NIE (Foreigner Identification Number).
Open a Spanish bank account.
Perform due diligence.
Hire a lawyer.
Sign preliminary and final agreements.
Pay taxes and fees.

More legal details can be found here.

How to get a mortgage for a property in Marbella?

To secure a mortgage:

LTV for non-residents: 50-70%; for residents: up to 80%.
Required documents: NIE, Spanish bank account, proof of income, credit report.
Mortgage types: Fixed and variable rates (2.4%-3%).
Additional costs: Valuation fees, insurance, stamp duty, notary fees.

Does the real estate agency earn a commission from the buyer?

No, agents earn commission from the seller. Buyers do not pay extra fees for real estate services.

We are always happy to assist you in buying a home in Marbella.