Sun, beach, tranquillity, dozens of leisure options, the finest dining, luxury and entertainment. These are just a few of the reasons to choose Marbella as your place of residence. In recent years, the city has become a significant tourist destination in Spain and Europe.
Below, you will find details about some of the best areas in Marbella to buy property. We will also cover how to choose an area, find an apartment, and conclude a deal in Marbella.
Contents:
- Choose the purpose behind your purchase: investment, vacation or permanent residence
- Characteristics of Marbella areas
- How to buy an apartment as a foreigner in Marbella?
- Is it worth buying property in Marbella?
- The best areas of Marbella to stay in
- We will help you buy an apartment in Marbella
Choose the purpose behind your purchase: investment, vacation or permanent residence
Typically, real estate is purchased for investment, rental or residence.
Real estate in Spain in the city centre is suitable for investment.
Accommodation in famous commercial and tourist areas are usually rented out.
For permanent residence, it is essential to consider the infrastructure.
Characteristics of Marbella districts
Prices in different areas depend on location, Marbella attractions, level of infrastructure, availability of parking spaces and condition of the property.
Let us compare in more detail, where you might want to buy an apartment in Marbella.
1. Golden Mile
Geographical location
Golden Mile is an area on the Costa del Sol, located between Marbella and Puerto Banus, at the foot of La Concha Mountain - the symbol of Marbella.
Infrastructure
Cultural institutions: Marbella Mosque, Rally Museum.
Entertainment: Six Senses Spa, Michelin-starred gourmet restaurants.
Commercial objects: fine art galleries, shops, including Brioni, the best furniture brands (El Cort Ingles decor store), interior design and architecture studios.
Hotels: Marbella Club and Puente Romano.
Sports facilities: golf courses, marinas, and a tennis club.
Development and property type
The real estate market is represented by villas, penthouses, apartments and townhouses.
The houses on the Golden Mile of Marbella are characterized by the excellent quality of the materials used in construction, as well as the high level of comfort of the properties. All the houses on Marbella Golden Mile are distinguished by their unique and modern design.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per m2 - 4079 € / m2 | Average price per m2 - 16 € / m2 |
| Average property price - 698 444 € | Average property price - 2228 € |
| Price per m2 for the number of rooms: | Price per m2 for the number of rooms: |
| Price for a studio or 1 room - 3316 € / m2 | Price for a studio or 1 room - 975 € / m2 |
| Price for 2 rooms - 3769 € / m2 | Price for 2 rooms - 1833 € / m2 |
| Price for 3 rooms - 4518 € / m2 | Price for 3 rooms - 2481 € / m2 |
| Price for 4 rooms - 4428 € / m2 | Price for 4 rooms - 2603 € / m2 |
| Price per m2 for services: | Price per m2 for services: |
| With terrace - 3994 € / m2 | With terrace - 2375 € / m2 |
| Furnished property - 4000 € / m2 | Furnished property - 2140 € / m2 |
| With elevator - 4275 € / m2 | With elevator - 2473 € / m2 |
| For a parking space - 4175 € / m2 | For a parking space - 2478 € / m2 |
Advantages and disadvantages
Advantages include: a quiet area, well-developed entertainment and recreational infrastructure.
The disadvantages include the high cost of real estate.
2. La Zagaleta
Geographical location
La Zagaleta is located on the Costa del Sol, next to Puerto Banus in the direction of Ronda, 15 km north of San Pedro de Alcantara.
Infrastructure
Transport links: coastal road N-340 / A7, toll expressway AP7, helipad.
Entertainment: restaurants, bars, game parlors (bridge, bowling, billiards, etc.), swimming pool, high fashion stores.
Sports facilities: equestrian club, 2 golf courses, tennis courts.
Development and property type
The real estate market is represented by mansions, which vary in price from 5 to 25 million euros. House designs are exclusive and developed by renowned designers. The minimum area of each plot is 3000 m2.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per m2 - 3101 € / m2 | Average price per m2 - 11 € / m2 |
| Average property price - 444 605 € | Average property price - 1630 € |
| Price per m2 for the number of rooms: | Price per m2 for the number of rooms: |
| Price for a studio or 1 room - 2391 € / m2 | Price for studio or 1 room - € / m2 |
| Price for 2 rooms - 2829 € / m2 | Price for 2 rooms - 1492 € / m2 |
| Price for 3 rooms - 3348 € / m2 | Price for 3 rooms - 1838 € / m2 |
| Price for 4 rooms - 3436 € / m2 | Price for 4 rooms - 1838 € / m2 |
| Price per m2 for services: | Price per m2 for services: |
| With terrace - 3187 € / m2 | With terrace - 1683 € / m2 |
| Furnished property - 3284 € / m2 | Furnished property - 1469 € / m2 |
| With elevator - 3294 € / m2 | With elevator - 1536 € / m2 |
| For a parking space - 3312 € / m2 | For a parking space - 1417 € / m2 |
Advantages and disadvantages
Advantages include: high levels of comfort, developed infrastructure and beautiful landscapes.
The disadvantages include the high cost of real estate.
3. Sierra Blanca
Geographical location
Sierra Blanca is located in the northern part of the Golden Mile at the foot of the mountain range.
Infrastructure
Transport: AP7 motorway, Malaga airport.
Education: Private schools at an international level.
Entertainment: bars and restaurants in the immediate vicinity, supermarkets, shops.
Healthcare: medical centers.
Sports facilities: golf courses: Las Brisas, Los Naranjos, and gyms, indoor pool.
Development and property type
The main properties represented here are villas and gated complexes with apartments and penthouses.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per m2 - 4391 € / m2 | Average price per m2 - 16 € / m2 |
| Average property price - 826 804 € | Average property price - 2228 € |
| Price per m2 for the number of rooms: | Price per m2 for the number of rooms |
| Price for a studio or 1 room - 2748 € / m2 | Price for a studio or 1 room - 975 € / m2 |
| Price for 2 rooms - 4542 € / m2 | Price for 2 rooms - 1833 € / m2 |
| Price for 3 rooms - 4483 € / m2 | Price for 3 rooms - 2481 € / m2 |
| Price for 4 rooms - 4453 € / m2 | Price for 4 rooms - 2603 € / m2 |
| Price per m2 for services: | Price per m2 for services: |
| With terrace - 4361 € / m2 | With terrace - 2375 € / m2 |
| Furnished property - 4843 € / m2 | Furnished property - 2140 € / m2 |
| With elevator - 4533 € / m2 | With elevator - 2473 € / m2 |
| For a parking space - 4512 € / m2 | For a parking space - 2478 € / m2 |
Advantages and disadvantages
Advantages include: panoramic views of the Mediterranean Sea and the resort of Marbella, as well as high levels of security.
4. Los Monteros
Geographical location
Los Monteros is located 6 km east of Marbella.
Infrastructure
Hotel Los Monteros.
Entertainment: the restaurants of Los Sardinales and El Mangaleta; an entertainment complex consisting of a restaurant, bar and beach club; Trocadero Arena and Marbella beach clubs (La Cabane).
Sports facilities: golf courses: Los Monteros, Rio Real, Santa Clara; kitesurfers and surfers clubs, and a rugby club.
Healthcare: main hospital of the Costa del Sol, several clinics.
Development and property type
The property market is represented by elegant villas and exclusive private residential complexes.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per m2 - 2920 € / m2 | Average price per m2 - 13 € / m2 |
| Average property price - 488 757 € | Average property price - 1508 € |
| Price per m2 for the number of rooms: | Price per m2 for the number of rooms: |
| Price for a studio or 1 room - 2295 € / m2 | Price for a studio or 1 room - 901 € / m2 |
| Price for 2 rooms - 2829 € / m2 | Price for 2 rooms - 1255 € / m2 |
| Price for 3 rooms - 3046 € / m2 | Price for 3 rooms - 2179 € / m2 |
| Price for 4 rooms - 3051 € / m2 | Price for 4 rooms - 2149 € / m2 |
| Price per m2 for services: | Price per m2 for services: |
| With terrace - 2993 € / m2 | With terrace - 1616 € / m2 |
| Furnished property - 3117 € / m2 | Furnished property - 1454 € / m2 |
| With elevator - 2961 € / m2 | With elevator - 1495 € / m2 |
| For a parking space - 3181 € / m2 | For a parking space - 1633 € / m2 |
Advantages and disadvantages
Advantages: Quiet area. High level of security. Beautiful landscapes. World-famous beach clubs and golf courses nearby, commercial centers, supermarkets, banks, international schools, and bars.
5. Nueva Andalusia
Geographical location
Nueva Andalusia is a region of Spain located north of Puerto Banus.
Infrastructure
Entertainment: beach club Hao Pool Club (Nao Pool Club), casino.
Restaurants of various cuisines of the world: Magna Café, Vovem Asador, Taj Mahal Marbella, La Fontina, La Sala.
Brand stores of many world fashion houses: Cartier, Bulgari, Salvatore Ferragamo, Dior, Gucci, Louis Vuitton.
Education: International school for children aged 3 to 18 – Aloha College.
Sports facilities: Las Brisas, Los Naranjos, Aloha Golf, La Dama de Noche; The Aloha Gardens Sports Club offers daily tennis, netball, basketball and football lessons.
Development and property type
High-quality real estate is represented in this area: large villas on plots of more than 5000 m2, and apartments.
Average price per square meter
| Purchase | Rent |
|---|---|
| Average price per m2 - 3638 € / m2 | Average price per m2 - 14 € / m2 |
| Average property price - 554 176 € | Average property price - 1638 € |
| Price per m2 for the number of rooms: | Price per m2 for the number of rooms: |
| Price for a studio or 1 room - 3387 € / m2 | Price for a studio or 1 room - 765 € / m2 |
| Price for 2 rooms - 3431 € / m2 | Price for 2 rooms - 1375 € / m2 |
| Price for 3 rooms - 3892 € / m2 | Price for 3 rooms - 2434 € / m2 |
| Price for 4 rooms - 3882 € / m2 | Price for 4 rooms - 2331 € / m2 |
| Price per m2 for services: | Price per m2 for services: |
| With terrace - 3625 € / m2 | With terrace - 1622 € / m2 |
| Furnished property - 3976 € / m2 | Furnished property - 1556 € / m2 |
| With elevator - 3698 € / m2 | With elevator - 1612 € / m2 |
| For a parking space - 3775 € / m2 | For a parking space - 1502 € / m2 |
Advantages and disadvantages
Advantages: Favorable climate. Well-developed infrastructure.
How to buy an apartment as a foreigner in Marbella?
Requirements:
- Real estate selection.
- Find a lawyer and translator.
- For real estate booking - signing a prepayment agreement, which guarantees compliance with the Terms of purchase, previously agreed on by both parties.
- Get an NIE.
- Prepare documents.
- Check real estate documents.
- If necessary, issue a mortgage.
- Sign a purchase and sale agreement.
- Pay tax for the real estate purchase. If secondary housing is purchased, then the property transfer tax (ITP) is applied, the tax base of which is the purchase and sale price:
- up to 400,000 € - 8%;
- from 400,000 to 700,000 € - 9%;
- from 700,000 € and above - 10%.
Due to tax cuts approved on April 27, 2021, the buyer must pay 7% in ITP regardless of the house price. However, this only applies to house purchases made before December 2021.
If the dwelling is newly built, 10% VAT and 1.5% stamp duty are payable. Note that until December 31 of this year, there is a reduction in stamp duty, to 1.2%.
| Taxes and costs of buying property | |
|---|---|
|
Property Transfer Tax (ITP) Mandatory for buying a second home |
7%, valid from April 27 to December 31, 2021 |
|
VAT and Stamp Duty (AJD) Mandatory for the purchase of new buildings |
10% VAT + 1.2% stamp duty |
| Notary and registration costs | At about 3000 € |
|
Legal costs (Lawyer's fee) |
1% of the total ownership cost + VAT |
|
Surplus value Salesman |
It depends on the property’s cadastral value and the municipality where it is located, as well as the amount of time the seller owned it |
Is it worth buying property in Marbella?
Reasons for buying a home in Marbella:
- Rising property prices.
- Expanding real estate rental market.
- Low-interest rates on mortgage loans.
- Good deals in new buildings for buyers looking for spacious houses.
- Marbella is ideal for telecommuting.
Most foreign buyers of real estate in the Marbella region are from Germany, Scandinavia, Great Britain, France and the Netherlands.
The best areas of Marbella to stay in
So, where is the best place to buy an apartment in Marbella?
You should choose the area of Marbella for buying and renting real estate that best aligns with your preferences, lifestyle and budget.
Recommendations to choose an apartment in Spain for living in will depend on the personal needs of the buyer.
Los Monteros is an area where it is better to live for a Russian and/or buy an apartment for a pensioner.
If you are looking to buy an apartment to rent out as an investment, the best area is Sierra Blanca.
The Golden Mile is the best place to buy real estate by the sea.
It is better to live in Nueva Andalusia for a longer period of time.
We hope that our guide to the different areas of Marbella will help you with your choice of property.
We will help you buy property in Marbella
Marbella is the ideal place for you if you prefer a high standard of living and dream of premium real estate. Spain-Real.Estate has the best deals on the Spanish housing market. With us, the dream of living in Marbella will come true.