
International Buyers’ Guide: How to Purchase a Luxury Property in Marbella
Marbella has been one of the most sought-after destinations for international buyers for decades. Its exceptional climate, security, Mediterranean lifestyle, and an offer of exclusive properties make this city a safe bet for those looking for a second home as well as for investors with a long-term vision.
If you are thinking about acquiring a luxury property on the Costa del Sol, this guide offers a clear overview of what you need to know, from legal requirements to the value of having an expert agency to assist you throughout the process.
Buying in Marbella as a Foreigner: The Essentials
The first step is obtaining the NIE (Foreigner Identification Number), essential for signing any contract in Spain. It can be processed either in your home country through the consulate or in Spain. It is also advisable to open a Spanish bank account, which will facilitate the payment of taxes, services, and financial management throughout the process.
Once you find the ideal property, whether a modern villa in Sierra Blanca or a seafront apartment in Puerto Banús, the usual process is to sign a reservation contract or earnest money agreement, which guarantees the property is held while legal checks are carried out. This contract is usually accompanied by an advance payment, typically 10% of the property value.
Legal Security and Procedures
A key part of the process is the due diligence, carried out by a specialized lawyer who verifies that the property is free of liens, has the correct urban licenses, and has a clear registry status. Afterwards, the public deed is signed before a notary, at which point the remaining amount is paid and the buyer officially becomes the owner.
The purchase costs usually amount to between 10% and 13% extra on top of the property price. These include taxes such as VAT (if it is new construction) or Property Transfer Tax (if it is resale), as well as fees for the notary, registry, management, and lawyers.
Why Trust an Agency Like Grupo Ibercosta?
The process of buying property in another country can seem complex, but with the right support, it can be simple, safe, and very rewarding. At Grupo Ibercosta we accompany our clients from the first contact to after the handover of keys. We offer multilingual advice, selection of exclusive properties (many not available on portals), and a deep knowledge of the Marbella market.
Living in Marbella: More Than an Investment
Buying a property in Marbella is not just a real estate transaction. It is a decision that connects with a lifestyle: breakfasts by the sea, quiet afternoons in private gardens, access to golf courses and top-level gastronomy, all in a safe and cosmopolitan environment. Every buyer has different needs, which is why we offer a personalized, confidential, and boutique service. If you are ready to take the next step, send us an email or call us. We will be delighted to assist you!