Marbella Property Market and Real Estate Guide

(Marbella, Costa del Sol, Spain)

Image depicting Marbella bullringMarbella, located in Andalusia, Spain, is one of the most popular vacation spots in the European Union. Commonly referred to as a playground for the rich and famous, Marbella boasts literally miles of stunningly beautiful beaches, and is a favourite spot for golf enthusiasts.

Property values have historically been very high, although recent development has brought about more reasonable prices, giving those who don't make movie-star salaries the option to live here. The Nueva Andalucia district is an attractive area for international visitors, and for a look at the most recent and largest developments in Marbella, check out the properties found in Sitio de Calahonda.

Renting is usually the preferred choice among visitors who plan on staying for less than 18 months, while those who will be here for two years or more are best served by purchasing a home or villa. The return on investments (ROI) rate in Marbella has been higher in recent years than that found in other areas of Spain.

Renting Serviced Apartments

There are many areas to find a serviced apartment in Marbella, almost all of which have the amenities necessary for a comfortable stay. Price is the major factor in determining where to live, and the Nueva Andalucia district is the most popular for expats.

If you opt to sign a contract for a term of less than a year, you will undoubtedly pay a much higher monthly rate than if you sign for a year or more. Regardless of the length of stay, expect to pay the equivalent of three months' rent up front. This cost includes the first and last month's rent, in addition to a deposit equal to one month's rent.

Buying Apartments and Houses

The 25 years leading up to 2006 saw real estate prices skyrocket in Marbella, but from 2006 to the middle of 2009, housing sales dried up considerably. The economic problems seen throughout the world have taken their toll on the real estate market all over Spain, and Marbella has not been immune. Nevertheless, there are signs that the sector is seeing improvement, particularly with lower-value estates.

Expats purchasing an abode in Marbella should make sure to take the transfer taxes, deed transfer and registration, as well as Spain's yearly wealth tax, into consideration. These extra charges are much more manageable when you are aware of them prior to making a purchase. UK expats are at a particular advantage since the British Pound (GBP) has been one of the stronger currencies in Spain, even with the advent of the Euro (EUR).

Real Estate Agents

Real estate agents in Marbella are not hard to find, especially since recent legislation has given anyone the opportunity to sell a home or rent property. In the past, qualified agents have been either Agentes de la Propiedad Inmobiliaria (API) or Gestores Inmobiliarios (GIPE), and since these qualifications are no longer necessary, finding the right agency is essential.

Check out the following Marbella real estate agents:

Address: Edificio Centro Expo, Boulevard Alfonso Hohenlohe, Marbella, 29620, Costa del Sol, Spain
Tel: +34 95 2774266
Panorama is the oldest agency in Marbella, celebrating its 40th anniversary in 2010.

Exclusive Housing
Address: Avenida Alay 4, Edificio Torremar, Benalmadena, Malaga, 29630, Costa del Sol, Spain
Tel: +34 95 2964312
Exclusive Housing has serviced apartments as well as listings for townhouses, homes, and villas all over the area. It also offers legal assistance in English.

Casa Marbella International
Address: Urb. Nueva Alcántara Edf. San Pedro del Mar, San Pedro de Alcántara, Marbella, 29670, Costa del Sol, Spain
Tel: +34 90 2021777
This agency offers an extensive array of available houses as well as serviced apartments to suit your rental needs. Agents are available who speak English, German and French.