Is it worth buying a property in Marbella?

Find out if it's worth the investment in this article. Market trends, benefits, risks & tips!

The question "Is it worth buying a property in Marbella?" is increasingly common, both among foreign investors and people dreaming of a second home in southern Spain. And rightly so. Marbella is one of the most iconic and desirable locations on the Costa del Sol - known for its sunny climate, luxurious lifestyle and stable property market.

But what makes Marbella really interesting? And are there any risks you should consider before you decide to buy? In this comprehensive article, we answer these questions and more. Whether you are looking for an investment, a holiday home or a permanent residence: this is what you need to know.

1. Why Marbella is so popular with property buyers

Marbella is not just any place on the Spanish coast. It is an established destination with international allure. Here, epicureans, businessmen, retirees and investors from all over Europe (and beyond) gather to enjoy:

- More than 320 days of sunshine a year

- Miles of sandy beaches

- World-class golf courses

- A vibrant social and culinary life

- International schools & medical facilities

Whether you love marinas, sea-view yoga, fine dining or hiking in the mountains, Marbella offers a lifestyle that few other European cities can match.

Living in Marbella: lifestyle and amenities

Health and education

Marbella offers excellent healthcare and education facilities:

- International hospitals and clinics with multilingual staff

- A wide range of international schools (English, German, French, etc.)

- Well-accessible public and private institutions

Sport and recreation

The region is a paradise for sports lovers:

- More than 70 golf courses (Costa del Golf)

- Water sports facilities such as sailing, diving and windsurfing

- Beautiful hiking and cycling routes in the countryside

Gastronomy

Marbella has a rich culinary scene:

- Tapas bars and traditional Spanish cuisine

- Multiple Michelin-starred restaurants

- Chiringuitos (beach restaurants) for fresh fish and sea views

2. Is Marbella a good investment?

The key question: Is it worth buying a property in Marbella?

The short answer: yes, provided you buy smart. Marbella has seen a steady rise in property prices for years, thanks in part to constant demand from international markets.

Some facts:

According to figures from Spain's Ministry of Housing, property prices in Marbella have risen by an average 4-6% per year over the past 10 years.

- Luxury property - especially in areas such as the Golden Mile, Nueva Andalucía and Sierra Blanca - is particularly stable in value.

- The rental market is strong: both in high season (holiday rentals) and long-term rentals (expats, remote workers, retirees).

- Investors who choose well-located, energy-efficient new construction or refurbished properties often see strong returns and quick rentability.

3. What to look out for when buying?

Although Marbella is a safe market, there are points of interest. Those who buy blind may face surprises later. Beware:

- Location is everything - Property in prime location retains its value. Avoid remote projects with no amenities.

- Check permits - In the past, construction projects have been started without full approval. Get a local lawyer to check everything.

- Fees and taxes - Consider purchase costs (10-13%), community fees, IBI (property tax) and possibly wealth tax as a non-resident.

Tip: work with a reliable estate agent and lawyer who has experience with international buyers and knows the local market.

4. The most popular neighbourhoods to buy in

The question "Is it worth buying a property in Marbella?" also depends on where you buy. Some top locations:

🔹 Golden Mile

Between Marbella centre and Puerto Banús. Pure luxury with world-class beach villas, penthouses and hotels.

🔹 Nueva Andalucía / Golf Valley

Perfect for golf lovers. Lots of modern villas, flats and a strong rental market.

🔹 Sierra Blanca

Exclusive hillside neighbourhood with villas and sea views. Quiet and safe, popular with families and investors.

🔹 Marbella East (Elviria, Los Monteros)

Lovely beaches, good restaurants and residential atmosphere. Ideal for families and long-term stays.

🔹 Marbella centre

Flats with sea views and the old town within walking distance. Increasingly popular with young buyers and digital nomads.

5. The advantages of buying in Marbella

✅ Stable property market

✅ Strong international demand

✅ Valuable and lettable

✅ High living comfort & quality of life

✅ Excellent accessibility via Málaga Airport

For those looking for an investment with emotional as well as financial value, Marbella is hard to beat.

6. Who is Marbella suitable for?

Investors - looking for returns and value retention

Second stayers - looking to escape winter

Remote workers - who want to live in an inspiring environment

Families - thanks to international schools and safe residential areas

Pensioners - seeking quality of life with sunshine and care close by

7. Are there any drawbacks?

Although Marbella offers many advantages, there are some points of interest:

- Higher entry prices than surrounding towns such as Estepona or Mijas

- The tourist rental market of traditional existing properties is competitive. In contrast, there is a growing shortage of modern properties for short- and long-term rentals. 

Want to buy purely for short-term rental profit? Then it pays to get good advice on which zones and property types are most profitable

8. New construction vs existing property

 Both have their advantages and disadvantages.

New construction:

- Energy-efficient

- Modern finishing

  - Builder's warranty

  - Usually higher price per m²

  - Less character

Existing property:

- Greater choice

- More charm/character

- Often better location

  - Renovation costs possible

  - More paperwork and monitoring required

Types of properties in Marbella

Marbella offers a diverse range of properties, from modern flats to exclusive villas.

 Luxury villas

Located in prestigious neighbourhoods such as Sierra Blanca and La Zagaleta:

- Large plots with gardens and swimming pools

- Privacy, luxury finishes and breathtaking views

 Modern flats

Ideal for those who want to live centrally:

- Close to shops, restaurants and beaches

- Communal swimming pools, gym, concierge service

 Traditional houses

For those who love charm and tranquillity:

- Andalusian style, often in old town areas

- Authentic, with patios and terraces

9. Tips for foreign buyers

- Open a Spanish bank account for the purchase

- Apply for a NIE number (mandatory as a foreigner)

- Have a lawyer review all documents before signing

- Consider wills and estates, especially with second residence

- Don't forget to factor in annual costs and taxes

10. The value of a good estate agent

An experienced, reliable estate agent is worth its weight in gold. They offer:

- Market knowledge and understanding of emerging neighbourhoods

- Guidance on legal aspects

- Bargaining power and access to exclusive listings

- Network of notaries, architects, contractors and financial advisers

Conclusion: Is it worth buying a property in Marbella?

Yes - absolutely, provided you are well informed. Marbella remains one of the most attractive property markets in southern Europe. Its mix of lifestyle, stability and international appeal make it an excellent place to live as well as invest.

Are you considering buying a property in Marbella? Get professional guidance and find out how you can make the most of this unique location - both privately and financially.