Why Costa del Sol?
Spain has long been one of Europe’s most attractive real estate markets and the Costa del Sol – with Marbella at its heart – is the crown jewel. Sunshine almost all year round, Mediterranean lifestyle and international demand have made this region a hotspot for both private buyers and seasoned investors.
But before you fall in love with a sea-view villa or a charming apartment, it’s important to remember that the Spanish property market follows its own rules — and understanding them in advance will not only save you time and money but also spare you unnecessary stress.
Key rules of the Real Estate market in Spain
1. Foreigners can buy without restrictions
Spain allows foreigners to buy property freely – no residency or citizenship requirements. All you need is a NIE (Número de Identificación de Extranjero), a personal identification number for foreigners.
2. Property transactions go through a notary
Unlike in some countries, in Spain every property purchase must be formalized with a notarial deed (escritura pública). Only after this step can the property be registered in your name.
3. Due Diligence is essential
Before signing, the property must undergo a full legal check. This means verifying ownership, debts, mortgages, and compliance with planning regulations. Skipping this step is one of the most common mistakes foreign buyers make.
4. Taxes depend on the type of property
- New properties (from developers): 10% VAT + 1.2–1.5% stamp duty (AJD).
- Resale properties: 8–10% transfer tax (ITP), depending on value and region.
5. Buying costs are higher than just the price tag
In addition to taxes, expect notary fees, land registry fees, and legal representation costs – together around 10–12% of the property price.
6. Community fees and ongoing costs
If you buy in a residential complex, you will pay monthly community fees (cuotas de comunidad) for shared services like pools, gardens, or security. You’ll also face annual property tax (IBI) and insurance costs.
Why this matters for foreign buyers?
The Costa del Sol market is stable, dynamic and attractive – but without proper guidance, it can also be risky. Falling in love with a property is easy, but protecting your investment requires understanding:
- local laws,
- tax obligations,
- and the exact procedures behind each signature.
How The Lawyers can help you?
At The Lawyers, we make sure your dream property doesn’t turn into a legal nightmare. We:
- Verify every document before you commit.
- Explain all taxes and costs clearly.
- Represent you at the notary and with local authorities.
- Handle the entire process in your language.
Buying property on the Costa del Sol can be one of the best decisions of your life, especially if you enter the market with the right knowledge and, above all, with the right partner by your side.
Before you fall in love with a property, take the time to learn the rules of the game — and when you want everything to run smoothly from start to finish, The Lawyers will be right here to guide you every step of the way.
