The Process of Buying a Property in Marbella

Marbella is one of the most desirable places in the world to own property. Known for its year-round sunshine, stunning beaches, world-class golf courses, and vibrant social scene, Marbella is a dream destination for many. At NCH Dallimore Marbella, we’ve spent over 35 years helping clients from around the globe find their perfect home in this Mediterranean paradise.

If you’re considering buying a property in Marbella, this guide will walk you through the process and show how we can make the journey seamless and stress-free.

We will talk about the following aspects on how to buy property in Marbella:

  1. Understanding the Marbella Property Market
  2. Setting Your Budget
  3. Choosing the Right Property
  4. The Buying Process

1. Understanding the Marbella Property Market

The Marbella property market is diverse and offers something for everyone, whether you’re seeking a luxurious villa, a modern penthouse, or a charming townhouse. Each area in Marbella has its own unique character:

  • Golden Mile: Renowned for its exclusive beachfront properties and proximity to luxury hotels like Puente Romano and Marbella Club.
  • Nueva Andalucía: A golfer’s paradise, offering spacious villas and townhouses with spectacular mountain views.
  • Puerto Banús: Perfect for those seeking a lively marina lifestyle with luxury apartments near high-end shopping and nightlife.
  • La Zagaleta: For ultimate privacy and exclusivity, this gated community offers some of Europe’s most luxurious villas.
  • San Pedro de Alcántara: Family-friendly and charming, with a mix of modern apartments and traditional villas.

Our extensive knowledge of these neighborhoods ensures that we can match you with a property perfectly suited to your lifestyle and investment goals.

 

2. Setting Your Budget

When buying a property in Marbella, it’s crucial to factor in all costs associated with the purchase. Beyond the property price, additional expenses include:

  • Taxes: Transfer tax (7%), VAT (10% for new builds), and stamp duty (1.2%).
  • Legal Fees: Typically 1-2% of the purchase price.
  • Notary and Registration Fees: Around 1-1.5% of the purchase price.

READ MORE ABOUT TAXES & FEES WHEN BUYING A PROPERTY ON THE COSTA DEL SOL

At NCH Dallimore Marbella, we provide a clear breakdown of these costs upfront so there are no surprises. Additionally, if you require financing, we can connect you with trusted local banks and mortgage advisors.

3. Choosing the Right Property & Making An offer

Buying in a New Development

For properties in new developments, you’ll typically receive a price list and payment terms from the developer. Payments are usually structured in stages over the construction period, with the final payment made upon completion and possession of the property.

Key points to consider:

  • Stage Payments: Developers often require staged payments throughout construction. These terms can vary, with some requiring a larger initial deposit or more frequent payments.
  • Flexibility: Certain developers may be open to adjusting payment schedules to suit your financial situation.
  • Agent Support: Your real estate agent can help negotiate the best possible terms on your behalf.

Buying from a Private Owner

The process differs when buying from a private owner. Here, securing the property involves a legally binding agreement between the buyer and seller.

Steps in the Private Sale Process

  1. Making an Offer:

    Submit a written offer through your agent, ideally accompanied by a deposit (typically €6,000 to €20,000) to demonstrate your seriousness.
    This deposit is held in a secure client account during negotiations, usually for a few weeks. If the offer is not accepted, the deposit is returned.

    The Letter of Offer:
    The offer should include:The proposed purchase price.
    • A time limit for the offer’s validity.
    • Payment terms and a timeline for completion.
    • Details of what is included in the sale (e.g., furniture or fixtures).
    • Any contingencies, such as mortgage approval, necessary repairs, or inclusion of specific items.
  2. Seller’s Response:
    • The seller may accept, reject, or counter your offer.
    • Once the offer is accepted, a private purchase contract is prepared, requiring a down payment of at least 10% (less the initial deposit).
  3. Completion Timeline:
    • The sale typically completes within 30-45 days of signing the private contract.

 

4. The Buying Process

Here’s what the typical property purchase process looks like in Marbella:

1. Reserving the Property

Once you’ve chosen a property, a reservation agreement is signed, and a deposit (typically €6,000 – €20,000) is paid. This takes the property off the market while legal checks are carried out.

2. Legal Due Diligence

Your lawyer will conduct due diligence to ensure the property is free from debts or legal issues. At NCH Dallimore Marbella, we can recommend experienced lawyers who specialize in real estate transactions.

3. Private Purchase Contract (PPC)

Once the legal checks are complete, a Private Purchase Contract is signed. At this stage, 10% of the property price is usually paid.

4. Completion at the Notary

The final stage is signing the title deed at the notary, where the remaining balance is paid. At this point, you’ll receive the keys to your new home.

 

5. Why Choose NCH Dallimore Marbella?

As an award-winning real estate agency, we pride ourselves on delivering a bespoke service that goes beyond simply finding a property. Our team is here to:

  • Guide you through every step of the buying process.
  • Offer access to exclusive off-market listings.
  • Provide local expertise and market insights.
  • Recommend trusted legal, financial, and tax advisors.
  • Ensure a smooth transition with after-sales services, including interior design, renovations, and property management.

 

6. Benefits of Owning Property in Marbella

Owning a home in Marbella comes with countless benefits, including:

  • Lifestyle: Enjoy a relaxed Mediterranean lifestyle with access to world-class dining, golf, and cultural events.
  • Investment Potential: Marbella’s property market remains robust, with consistent demand for luxury homes.
  • Golden Visa Program: For non-EU buyers, properties above €500,000 qualify for Spain’s Golden Visa, offering residency benefits.

Ready to Find Your Dream Home?

At NCH Dallimore Marbella, we’re passionate about helping our clients find not just a property, but a home. Whether you’re looking for a holiday retreat, an investment, or a permanent residence, our team is here to make the process seamless and enjoyable.

Contact us today to start your journey to owning a property in Marbella. With our expertise and personalized approach, we’ll ensure you find the perfect match in this beautiful coastal paradise.

Your dream home in Marbella is just a call away. Let’s make it happen together!

Written by Bas de Boer

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