Key insights into the Marbella property market based on current data:
House Prices at Record Levels: The average asking price in Marbella reached €5,162/m² in May 2025, a new all-time high representing a 9.8% year-on-year increase. Verified sale prices from Tinsa confirm an average of €3,421/m² across all transactions, with Marbella sitting 29% above the Málaga average. Property prices in the Nagüeles and Milla de Oro area command around €6,422/m², while Marbella East neighbourhoods such as El Rosario and Las Chapas recorded 14.1% growth in twelve months, demonstrating the breadth and momentum of the market across all areas.
What It Costs to Buy Property in Marbella: When buying property in Marbella, buyers should budget approximately 10 to 15% above the purchase price to cover all associated taxes and fees. For resale properties in Andalusia, the Property Transfer Tax (ITP) is fixed at 7% of the purchase price. For new build properties purchased directly from a developer, buyers pay 10% VAT plus 1.2% stamp duty. Additional costs include legal fees of approximately 1% of the purchase price, notary and land registry fees averaging €1,000 to €3,000, and bank transfer charges. Wealth Tax in Andalusia is currently 100% subsidised, representing a significant advantage for buyers compared to other Spanish regions.
A Market Driven by International Demand: Foreign buyers account for over 60% of Marbella property purchases, with British buyers leading at 13% of the foreign market share, followed by Scandinavian, Dutch, German, and increasingly American buyers. The end of Spain’s Golden Visa programme in April 2025 has had minimal impact on the Marbella luxury real estate market, with buyers continuing to be motivated primarily by lifestyle, capital preservation, and long-term investment value rather than residency incentives.
New Build vs Resale: Resale properties represent 86.4% of all purchases in the greater Marbella area, offering buyers a wider selection and more immediate availability. New build properties command a premium of 25 to 35% over comparable resale homes but offer contemporary design, energy efficiency, and resort-style amenities as standard. With over 170 active new development projects in the Marbella area, buyers have strong options across both segments across Golf Valley, Las Brisas, La Cerquilla, RÃo Real, and Reserva de Marbella.
