How overseas buyers buy property in Spain (Marbella)

What to know first

• Marbella Golden Mile — one of Europe's most coveted luxury addresses
• EUR-denominated asset with Schengen access (90 days/180 as tourist)
• EUR pricing with strong EUR stability vs EM currencies
• International airport connectivity: Málaga is one of Europe's fastest-growing hubs
• Established ultra-high-net-worth buyer market from UAE, UK, Russia, Scandinavia

The general process

1. Confirm what foreigners may own in Spain (Marbella) and in which areas.
2. Set your budget in EUR, including taxes, fees and currency costs.
3. Shortlist areas and check the developer or seller.
4. Appoint an independent local lawyer before paying anything substantial.
5. Reserve, sign the contract, and pay through the approved channel.
6. Complete registration, and take tax advice in both countries on any rent or sale.

The exact steps and order differ by country and by project.

Financing for foreign buyers

Maximum loan to value

60–70% for non-residents

Typical rate

3.5–5.5% p.a.

Notes

Spanish banks actively lend to non-residents; EURIBOR-linked rates competitive as ECB cuts

Residency through property

Programme

Non-Lucrative Visa (NLV) — Golden Visa closed April 2025

Threshold

€2,160+/mo passive income required (NLV); no property-linked residency pathway

Timeframe

Annual renewal; PR after 5 years; EU citizenship after 10 years

Taxes and running costs

Income tax on rent

19% (EU residents) · 24% (non-EU) on gross rental income — no expense deductions for non-EU

Capital gains tax

19% (EU/EEA) · 24% (non-EU) on net gain; 3% buyer retention at completion

Transfer tax or fees

6–10% ITP on resales (Andalucía 7%); VAT 10% + AJD 1.2% on new builds

Annual property costs

IBI property tax (€500–3,000/yr) + community fees + imputed income tax if vacant