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Real Estate in Marbella, Spain | Digital Nomad Exchange
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Real Estate in Marbella, Spain

By Joshua Wood, LPC

Last updated on Jul 03, 2023

Summary: The most desirable neighborhoods in Marbella, Spain are Puerto Banus, Nueva Andalucia, Elviria, La Mairena, and La Quinta. The average cost to buy a nice 2 bedroom home in Marbella is around $400,000 USD and a nice 3 bedroom home is around $600,000 USD. These properties typically include modern amenities such as air conditioning, marble floors, and private terraces. There are no restrictions on foreign ownership for properties in Marbella. An expat should search for a home to buy in Marbella by researching the different neighborhoods and their amenities, researching the local real estate market, and consulting with a local real estate agent. It is also important to consider the local infrastructure, such as schools, hospitals, and transportation.

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How do I find a place to live in Marbella?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Marbella is a popular destination for tourists and expats alike, so finding a place to live in the area is relatively easy. One of the best ways to find a place to live in Marbella is to use online rental websites such as Idealista, Fotocasa, and Kyero. These websites allow you to search for properties in Marbella by location, price, and other criteria. Additionally, you can also contact local real estate agents who specialize in the Marbella area. They can provide you with more information about the local rental market and help you find the perfect place to live," remarked one foreigner who made the move to Marbella.

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What is a typical expat home or apartment like in Marbella?

"Expat homes and apartments in Marbella are typically luxurious and modern, with many featuring stunning views of the Mediterranean Sea. Many expat homes and apartments come with amenities such as private pools, terraces, and balconies, as well as access to nearby beaches and golf courses. Expat homes and apartments in Marbella are often located in gated communities, providing a sense of security and privacy," explained one expat living in Marbella, Spain.

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What is the average cost of housing in Marbella?

If you are thinking about moving to Marbella, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Marbella can vary greatly depending on the size and location of the property. Generally, the average cost of a one-bedroom apartment in Marbella is around €1,000 per month, while a three-bedroom apartment can cost up to €2,000 per month. Prices for larger properties can be significantly higher," said one expat in Marbella.

Should I buy or rent a home in Marbella?

If you have not spent a lot of time in Marbella, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Deciding whether to buy or rent a home in Marbella depends on a variety of factors. Buying a home in Marbella can be a great investment, as the area is known for its high property values. However, it is important to consider the cost of purchasing a home in Marbella, as well as the cost of upkeep and maintenance. Renting a home in Marbella can be a more cost-effective option, as it allows you to enjoy the area without the long-term commitment of buying a home. Additionally, renting a home in Marbella can provide more flexibility, as you can move to a different area or even a different country if desired. Ultimately, the decision to buy or rent a home in Marbella should be based on your individual needs and preferences," said one person in Marbella.

What do I need to know when buying property in Marbella?

When we asked expats what advice they would give a foreigner before buying a property in Marbella, they said:

"1. It is important to research the area you are interested in buying property in, as Marbella is a large and diverse area. 2. Make sure to get a good understanding of the local market and the current prices of properties in the area. 3. It is also important to consider the local infrastructure, such as transport links, schools, and other amenities. 4. Make sure to get a good understanding of the legal requirements for buying property in Spain, such as obtaining a NIE number and a Spanish bank account. 5. It is also important to consider the costs associated with buying property in Spain, such as taxes, fees, and other costs. 6. Make sure to get a good understanding of the local rental market, as this can be a great way to generate income from your property. 7. It is also important to consider the local climate and the potential for natural disasters, such as floods and earthquakes. 8. Finally, make sure to get a good understanding of the local culture and customs, as this can help you to make the most of your time in Marbella," explained one foreigner living in Marbella, Spain.

Are foreigners allowed to own property in Marbella?

When we asked expats what advice they would give a foreigner before buying a property in Marbella, they said...

"Yes, foreigners are allowed to own property in Marbella. Non-residents of Spain are able to purchase property in Marbella, and the process is relatively straightforward. The Spanish government has put in place a number of measures to make it easier for foreign buyers to purchase property in Spain, including the elimination of certain taxes and fees. Additionally, the Spanish government has also made it easier for foreign buyers to obtain mortgages in Spain," explained one person living in Marbella, Spain.

What appliances are typically included in a rental?

We asked foreigners in Marbella what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Marbella, rental properties typically include a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include a microwave, toaster, and coffee maker," said one person in Marbella.

Additional Information about Searching for a Home in Marbella:

We asked foreigners in Marbella what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats looking for homes in Marbella can search online for real estate listings, contact local real estate agents, or attend open houses to find the perfect home. They can also search for rental properties, such as apartments, villas, and townhouses, to find a short-term or long-term residence. Additionally, expats can look for homes in Marbella's many gated communities, which offer a variety of amenities and services," said one expat in Marbella.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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