Marbella has long been one of Europe’s most prestigious real estate destinations. With its Mediterranean climate, refined lifestyle, and solid property market, it continues to attract discerning international buyers seeking both lifestyle and long-term value.

Purchasing property in Spain as a foreigner is a secure and transparent process — especially when guided by experienced professionals. This guide outlines everything you need to know before buying a home in Marbella.

1. Can Foreigners Buy Property in Marbella?

Spain has one of the most open property markets in Europe. There are no restrictions on foreign ownership, meaning international buyers enjoy the same rights as Spanish nationals.

This legal clarity, combined with Marbella’s established infrastructure, makes the area particularly attractive to overseas investors and second-home buyers.

2. The Importance of the NIE Number

The NIE (Foreigner Identification Number) is required for all legal and financial transactions in Spain, including:

Property purchase

Tax payments

Opening a Spanish bank account

Most buyers obtain it with the assistance of their legal representative, often before arriving in Spain.

3. Opening a Spanish Bank Account

A Spanish bank account is essential for managing:

• Purchase-related payments
• Community fees
  
  
• Utility bills and local taxes.

Banks in Marbella are highly experienced in working with international clients and offer tailored non-resident services.

4. Understanding the Full Purchase Costs

• Beyond the purchase price, buyers should budget approximately 10–13% in additional costs, which typically include:
• Property transfer tax or VAT (for new developments)
• Notary and land registry fees
• Legal representation
• Administrative expenses

Clear financial planning ensures a smooth and stress-free transaction.

5. Legal Due Diligence: A Crucial Step

A comprehensive legal review protects your investment. This includes verifying:

• Legal ownership and title deeds
• Absence of debts or charges
• Planning permissions and building licenses
• Compliance with local urban regulations

Professional due diligence is especially important in high-demand luxury areas.

6. The Buying Process Explained

1. Reservation Agreement – Secures the property.
2. Private Purchase Contract (Arras) – Usually accompanied by a 10% deposit.
3. Notary Completion – Title deed signing and final payment.
4. Land Registry – Property officially registered in your name.

The process typically takes 6–10 weeks, depending on circumstances.

7. Mortgages for Non-Resident Buyers

Spanish banks offer competitive mortgage options for non-residents, generally financing:

• Up to 60–70% of the property value
• Repayment terms of up to 25 years

Each case is assessed individually, making professional advice essential.

8. Why Marbella Remains a Prime Real Estate Destination

Marbella offers:

• Strong demand for luxury rentals
• High-quality new developments
• International schools and healthcare
• Long-term capital appreciation

It is a location that perfectly balances lifestyle enjoyment with financial security.

Final Thoughts

Buying property in Marbella as a foreigner is a safe and rewarding decision when handled correctly. With expert guidance and local knowledge, the process becomes seamless — allowing you to focus on enjoying everything this exceptional destination has to offer.

If you want to evaluate , sell, or buy land in Marbella, contact professionals for a no-obligation consultation:
info@levygoldman.com
+34 677 124 458