Marbella beachfront, palms and the marina at Puerto Banús

Costa del Sol · Málaga

Marbella: buying, living & renting

The Costa del Sol's prestige address — the Golden Mile, Puerto Banús and a mountain-backed old town, all in one of Europe's most desirable coastal markets. Here's how to buy and live in Marbella, from a team that has worked this coast since 1996.

27 km

Beaches

15+

Golf courses

~40 min

To the airport

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Marbella beachfront, palms and the marina at Puerto Banús

For sale

Homes for sale in Marbella

“Local expertise since 1996 — from the first viewing to the keys.”

27 km

Beaches

15+

Golf courses

Budget

Buying costs, explained ›

Just visiting?

Marbella travel guide ›

Living in Marbella

Marbella is the name the whole coast is measured against, and for good reason: 27 kilometres of coastline sheltered by the La Concha mountain, a microclimate that's mild even in winter, and a level of restaurants, beach clubs, golf and marinas you won't find concentrated anywhere else in Spain. But the cliché of glitz sells it short. Marbella is also a real Andalusian town with one of the prettiest old quarters on the coast, and its municipality runs from the charming, down-to-earth San Pedro de Alcántara in the west to the family beaches of East Marbella in the east.

For buyers, Marbella is a spectrum. At one end sit the villas of the Golden Mile and Sierra Blanca; at the other, apartments in Nueva Andalucía, townhouses in Elviria, and homes in the old town that put you steps from Orange Square. It is a prime market — internationally, one of the most sought-after on the Mediterranean — which is precisely why local guidance matters so much: the difference between streets, urbanisations and orientations is significant, and knowing it well is the whole job.

Everyday life

  • Puerto Banús — the famous marina: superyachts, flagship restaurants and nightlife, plus the beaches either side.
  • The Old Town — Plaza de los Naranjos (Orange Square), whitewashed lanes and the best of everyday Marbella life.
  • Golf & wellness — the courses of Nueva Andalucía's "Golf Valley", plus spas, beach clubs and marinas along the coast.
  • Getting around — Marbella needs a car; there's no coastal train, and the town stretches a long way east–west along the A-7 and AP-7.

Neighbourhoods of Marbella

The Golden Mile

The legendary stretch between Marbella town and Puerto Banús — gated villas, five-star hotels and beachfront apartments, backed by the exclusive Sierra Blanca and Nagüeles enclaves climbing the hillside. The coast's most prestigious address, for buyers seeking privacy, space and prime location.

Puerto Banús & Nueva Andalucía

Banús is the marina and its immediate surroundings; behind it, Nueva Andalucía — the "Golf Valley" — is a huge, popular residential area of apartments, townhouses and villas wrapped around several courses. A favourite for buyers who want proximity to Banús with more choice and value than the beachfront.

Marbella Old Town & centre

The historic heart around Orange Square — character apartments and townhouses, a genuine Spanish town on your doorstep, and the beach and promenade a short walk away. Ideal for buyers who want authentic day-to-day Marbella rather than a resort setting.

San Pedro de Alcántara

Marbella's likeable western town — more relaxed, more local and better value, with a revamped seafront boulevard, its own old quarter and easy access to Banús and the New Golden Mile. Increasingly popular with families and year-round residents.

East Marbella (Elviria, Las Chapas, Los Monteros)

The eastern side — some of the best beaches (and beach clubs), leafy villa urbanisations like Elviria and Los Monteros, and a calmer, greener, family feel. A strong choice for those wanting space and sand without the intensity of the Banús scene.

Buying in Marbella

Marbella offers the coast's fullest range, from apartments in Nueva Andalucía and the old town to landmark villas on the Golden Mile — and, increasingly, contemporary new-build developments through Nueva Andalucía and the eastern side. It is a prime, internationally traded market, which brings depth and liquidity but also real variation street by street: aspect, sea views, walkability and community quality all move value meaningfully.

That variation is exactly where a local agency earns its place. We help you read the difference between a good address and a great one, flag which communities are well run and which orientations catch the winter sun, and make sure the price reflects the property rather than the postcode. Whether you're buying a lock-up-and-leave apartment or a family villa, the brief comes first.

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Property for sale in Marbella

homes currently listed — updated live from our books and the MLS.

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Renting and holiday lets in Marbella

Marbella has one of the strongest rental markets in Spain, at both ends. Holiday demand is high and premium — Banús, the Golden Mile and the beachfront command excellent short-term rates through a long season — while long-term demand from international residents, remote workers and families is deep and year-round, particularly in Nueva Andalucía, San Pedro and East Marbella.

If you intend to let short-term, the property must be registered as a vivienda con fines turísticos (VFT) with the regional tourism authority before advertising, and many of Marbella's gated communities set their own rules on tourist letting — so we always check the community statutes before you commit to a rental-focused purchase. We handle registration and vetting for our owners and keep each licence private.

The buying process for foreign buyers

  • NIE number — your Spanish foreigner's tax ID; we help you get it.
  • Independent lawyer — searches, community and debt checks, deposit protection. Essential and separate from the agency.
  • Costs on top — roughly 10–13%: transfer tax (ITP) on resales or VAT + stamp duty (AJD) on new-builds, plus notary, registry and legal fees.
  • Mortgages — non-residents can usually borrow up to around 70% of value.
  • Notary & completion — signing the escritura before a notary, who registers it.

We coordinate the lawyer, notary and bank in your language. See our journal on the NIE and buying process, mortgages for non-residents and the Málaga market.

The cost of buying (and owning) in Marbella

Beyond the asking price, buying on the Costa del Sol carries a predictable set of taxes and fees. As a rule of thumb, budget around 10–13% on top of the price. Here's the detail, current for 2026.

Purchase tax (resale)

ITP 7%

New-build

10% IVA + 1.2% AJD

Budget on top

~10–13%

Non-resident mortgage

up to ~70% LTV

NIE

required

Buying timeline

~6–10 weeks

Purchase taxes

Resale — transfer tax (ITP, Andalucía)7% flat
New-build — VAT + stamp duty (AJD)10% + 1.2%
Notary~€600–1,200
Land Registry~€400–700
Lawyer (strongly recommended)~1%

Reduced ITP rates exist: 6% on a main home up to €150,000, and 3.5% for buyers under 36 and other protected groups.

Financing as a non-resident

  • Spanish banks typically lend non-residents up to 60–70% of the lower of price or bank valuation (less for non-EU buyers), so plan for a 30–40% deposit plus costs.
  • Terms are usually 20–25 years; you'll need an NIE and a Spanish bank account.

What it costs to own

  • IBI (council tax): ~0.4–1.1% of the cadastral value per year.
  • Non-resident imputed income tax (IRNR), if you don't rent it out: 19% (EU/EEA) or 24% (non-EU) applied to 1.1–2% of the cadastral value.
  • Rental income tax if you let it: 19% on net profit (EU/EEA, expenses deductible) or 24% on gross (non-EU).
  • Community fees, refuse (basura), utilities and home insurance.
  • Wealth tax: Andalucía applies a 100% rebate (effectively €0); a national solidarity tax can still apply to very large net worths (over €3m).

Residency

Spain's real-estate ‘Golden Visa’ was withdrawn on 3 April 2025, so buying a property no longer grants residency. Buying remains entirely open to non-residents; residency, if you want it, is a separate process (for example the non-lucrative or digital-nomad visa).

The buying process, step by step

  1. NIE and a Spanish bank account.
  2. Reservation contract and holding deposit to take the property off the market.
  3. Your lawyer's due diligence (title, debts, licences, community).
  4. Private purchase contract (arras) — typically 10% down.
  5. Completion at the notary; taxes and Land Registry.

Typical timeline: around 6–10 weeks.

This is general information, current for 2026, and is not tax, legal or financial advice. Rates and rules change and depend on your circumstances — always confirm with a qualified lawyer and tax adviser. GR Estates works alongside trusted local professionals and can introduce you.

Frequently asked questions

Is Marbella a good place to buy property? +

Marbella is one of the most sought-after coastal markets in Europe, with deep international demand, a mild winter microclimate and unmatched amenities. That supports both premium holiday rentals and steady long-term demand. The key is choosing the right neighbourhood and address for your budget and plans — which is exactly where local advice pays off.

Which area of Marbella is best? +

It depends on the goal. For prestige and space, the Golden Mile and Sierra Blanca; for golf and choice, Nueva Andalucía; for authentic town living, the Old Town or San Pedro; for family beaches and greenery, East Marbella (Elviria, Los Monteros). We'll match your budget and lifestyle to the right pocket.

Can foreigners buy property in Marbella? +

Yes — there are no restrictions on foreign buyers in Spain. You'll need an NIE and a Spanish bank account, and an independent lawyer is strongly recommended. We guide international buyers through every step in their own language.

Can I rent out my Marbella property to tourists? +

Usually, yes, and holiday demand is strong — but you must register the property as a tourist rental (VFT) with the Junta de Andalucía before advertising and check that the community permits short-term letting, as many gated communities restrict it. We verify this before you buy and handle the registration.

Do I need a car in Marbella? +

Generally yes. There's no coastal train, and the municipality stretches a long way from San Pedro in the west to Elviria in the east. Some central and old-town locations are walkable day-to-day, but a car is the norm for getting around Marbella.

How much does buying in Marbella cost on top of the price? +
Budget around 10–13% extra. On a resale the main item is transfer tax (ITP, a flat 7% in Andalucía); on a new-build it's 10% VAT plus 1.2% stamp duty (AJD). Add notary, Land Registry and a lawyer (~1%).
Can a foreigner get a mortgage in Spain? +
Yes. Spanish banks typically lend non-residents up to 60–70% of the lower of price or valuation (less for non-EU buyers), over 20–25 years. You'll need an NIE and a Spanish bank account.
Does buying a home give you residency (Golden Visa)? +
No. The real-estate Golden Visa was withdrawn on 3 April 2025. Buying is still fully open to non-residents, but residency is a separate process (e.g. the non-lucrative or digital-nomad visa).

Written with AI assistance and reviewed by the GR Estates team before publication. AI transparency

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