Introduction
Buying property in Marbella as a foreigner can be a seamless and rewarding process—if you know the steps and regulations involved. Spain is one of the most attractive destinations for international property buyers, and Marbella, with its sunny climate, luxurious lifestyle, and investment potential, remains one of the top choices for overseas purchasers. This guide covers the entire process, from initial research to legal formalities, including costs, taxes, and essential tips for a smooth transaction.
Why Marbella Attracts Foreign Property Buyers
For non-residents, Marbella represents a unique blend of lifestyle and financial opportunity.
Mild Mediterranean Climate
Over 300 days of sunshine per year.
World-Class Amenities
Includes golf courses, beaches, international schools, and healthcare facilities.
Stable Property Market
Offers consistent demand and rental potential.
Accessibility
Easily reached from major European cities via Málaga-Costa del Sol Airport.
Step-by-Step Guide to Buying Property in Marbella as a Foreigner
Understanding the legal and procedural framework is critical. Here’s a comprehensive breakdown of the buying process:
1. Define Your Budget and Financing Options
Before beginning your property search, determine your total budget, including purchase price, taxes, and additional costs. Non-residents can obtain mortgages from Spanish banks, typically up to 70% of the property value. Have a pre-approval in place if financing will be required.
2. Obtain an NIE Number
The NIE (Número de Identificación de Extranjero) is a tax identification number mandatory for any property transaction in Spain. You can apply through a Spanish consulate in your home country or in person in Spain.
3. Hire a Local Real Estate Agent and Lawyer
Choose an agency experienced with international clients and fluent in your language. A reputable agent will help you find the right property and navigate negotiations. Your lawyer should be independent from the seller and will:
Verify the Property’s Legal Status
Conduct Due Diligence
This includes checking for debts, liens, and urban planning issues.
Draft or Review Contracts
Ensure legal compliance and protection.
Representation via Power of Attorney
Your lawyer can represent you in Spain if you’re abroad.
4. Property Search and Reservation Contract
Once you’ve found a property, you’ll sign a reservation contract and pay a deposit (typically €3,000–€20,000). This reserves the property and removes it from the market.
5. Sign the Private Purchase Contract
Within two to four weeks of the reservation, you’ll sign a private purchase contract. At this point, a 10% deposit is usually required. The contract outlines terms, conditions, and timelines.
6. Completion and Signing the Title Deed
The final step is signing the public deed of sale (escritura pública) before a Spanish notary. At this stage, the remaining balance is paid, and the property is officially registered in your name. The notary ensures the legality of the transaction and submits the deed to the Land Registry.
Costs and Taxes for Foreign Buyers
Transfer Tax (ITP)
7% for resale properties (Andalusia).
VAT (IVA)
10% on new-build properties, plus 1.2% Stamp Duty (AJD).
Notary and Land Registry Fees
Approximately 1% of the purchase price.
Legal Fees
Around 1% of the purchase price, plus VAT.
Mortgage Costs
Bank fees, valuation, and arrangement fees, if applicable.
Expect total additional costs to range between 10–13% of the property value.
Residency and Visa Options for Property Owners
Non-Lucrative Visa
Suitable for retirees or individuals with sufficient financial means, this visa requires proof of stable income and does not permit employment in Spain.
Digital Nomad Visa
Introduced to attract remote workers, this visa allows individuals employed outside of Spain to reside in the country while working remotely.
Entrepreneur Visa
Designed for individuals planning to start a business in Spain, applicants must present a viable business plan that contributes to the Spanish economy.
Key Considerations for Foreign Buyers
Currency Exchange
Lock in favorable exchange rates through specialist services.
Tax Planning
Consult an international tax advisor to understand double taxation agreements.
Rental Potential
If you plan to rent out your property, check local licensing requirements.
Inheritance Law
Spain has specific inheritance laws—seek legal advice for succession planning.
Working with CA Estates Marbella
At CA Estates Marbella, we specialize in helping international buyers find, purchase, and settle into their ideal home on the Costa del Sol. Our multilingual team provides:
Tailored Property Search
We help you find the perfect home based on your goals and preferences.
Legal and Financial Referrals
We connect you with trusted lawyers, banks, and advisors.
Paperwork Assistance
We guide you through the NIE application and all documentation.
After-Sales Support
Our services continue after purchase with property management and concierge solutions.
With years of experience in the Marbella market, we make the process of buying as a foreigner seamless and secure.
Schedule a ConsultationSources:
Carin Astrup - Real Estate Agent
Fluent in Swedish, English, Danish, and Norwegian, Carin Astrup works with an elite international clientele, expertly matching buyers and investors with some of Marbella’s most exclusive properties.
Ready to find your dream home or make a smart investment in Marbella? Contact Carin today for a private consultation and unlock access to the Costa del Sol’s finest properties.
