View the gallery: Best terrace views in Marbella
Margareta Stjernstrom
Margareta Stjernstrom
Founder & owner, MAS PROPERTY Marbella

Today, buyers in Costa del Sol include owners of 30-meter yachts moored in the port of Puerto Banús and entrepreneurs wishing to invest spare 2-3 million euros in real estate. What can the luxury property market in Marbella offer them this year?

Though the classic addresses such as the Golden Mile, Puerto Banus and Benahavis remain unchanging pearls they are now joined by increasingly fashionable areas such as La Alquería, Atalaya, El Paraíso and Marbella East.

All-time classic: Nueva Andalucía, the Puerto Banus marina, and the Golf Valley

Nueva Andalucía is an upmarket community situated at the foot of the Sierra Blanca mountain range.

That’s where many famous and exciting spots are located including the iconic Puerto Banús marina, boasts designer boutiques, 5-star restaurants, and, of course, luxury villas with the best terrace views in Marbella.

A combination of 5 golf courses in the Golf Valley and the direct connection to the A7 highway leading to the airport make Nueva Andalucía an enviable place to invest in and live.

Homes to buy – Puerto Banus and the Golf Valley:

  • Villa #1, luxury property located in proximity to the best Marbella’s golf courses (Los Naranjos Golf and Las Brisas Golf) within minutes drive from Puerto Banus, € 3,600,000
  • Villa #2, a contemporary residence in the golf valley, € 3,695,000
  • Villa #3 with a large private garden, € 3,300,000
  • Villa #4 with an infinity pool and views over  La Concha mountain € 3,650,000

Golden Mile, the original Marbella

Marbella has come a long way since the 1950s when Prince Alfonso von Hohenlohe opened The Marbella Club. High-end beachside villas began to be constructed in and around the club, this area is now referred to as the Golden Mile.

Golden Mile beachside district is very much the original Marbella with its high-end luxury beachside villas with prices of up to €60 million. No wonder – the properties are nestled in protected pine forests that line the Mediterranean Sea.

This area has a significant ‘old style’ feel to it, but the beachfront itself has been remodeled, and Marbella Town Hall has invested in a new promenade that links Marbella to Puerto Banús.

Homes to buy – the Golden Mile:

  • Property #1: One of the most stunning luxury villas in Marbella with panoramic sea and mountain views, located in one of the sought-after gated community on the Golden Mile, € 6,900,000
  • Property #2: Exclusive palatial Andalusian style mansion located in La Quinta de Sierra Blanca, € 10,900,000
  • Property #3: Penthouse with direct access to a huge terrace offering chill out and al fresco dining areas and lovely sea views, € 6,900,000
  • Property #4: Villa in one of the most prestigious areas of New Golden Mile, just 100 meters far from the beach, € 3,900,000

Benahavis and La Zagaleta

La Zagaleta was founded in 1991.

Located in the Benahavís hills at approximately 400 meters above sea level, it is surrounded by impressive views of the Mediterranean, of the Strait of Gibraltar and of the Serranía de Ronda.

A special micro-climate with soothing temperatures in winter, a wonderful natural environment, exclusive status, a private riding club, and two 18-hole golf courses make La Zagaleta the chosen spot for a privileged few to enjoy a dream home.

Homes to buy – Benahavis, La Zagaleta:

  • Property #1: Luxury villa in Marbella situated on an elevated plot in privileged south facing position offering panoramic views towards the Mediterranean Sea, Gibraltar, mountains and the golf course. € 14,500,000
  • Property #2: Villa boasting spectacular Mediterranean sea and mountains views, situated in the prestigious La Zagaleta country estate, price on request
  • Property #3: Amazing luxury villa project, €8,900,000
  • Property #4: Luxury Italian style mansion, € 16,400,000

Marbella East: the best beaches of the Costa del Sol

Marbella East includes the areas of Rio Real, Los Monteros, El Rosario, Las Chapas, Marbesa and Elviria.

The area is known all around the world for the best beaches on the Costa del Sol, luxury resort hotels and villas, championship golf courses, racquets clubs, spa and wellness centers.

Marbella East also supports an active professional population, private colleges, a wide variety of sports and an active social life.

Homes to buy – Marbella East:

Property #1: One of the most extraordinary south-west facing palatial mansions in Marbella, € 9,800,000

Property #2: Exclusive front line beach penthouse, Los Monteros Playa, €4,450,000

What 1M euros can buy in Marbella?

In Marbella, one million euros will buy you a 159 sp meter (1,711 sq ft) home with three bedrooms, a 224 sqm (2,411 sq ft) terrace and access to all the amenities of Palo Alto. Or even a villa located in the New Golden Mile. with stunning views over the sea and the hills of Andalusia.

Average sale prices for properties with five bedrooms in Marbella total €3m.

One of the most exclusive properties in Marbella – a 2,438 sqm (26,242 sq ft) nine-bedroom luxury villa set on 1 hectare (112,299 sq ft) of land at the foot of a mountain range – is for sale for €23,300,000.

Spanish property sales are on the rise today. You can delve deeper into the subject in our Insider’s guide to luxury property in Spain.

Here let’s just say that the number of Spanish home sales in October 2018 rose by 17% compared to the same month last year, according to the Spanish Land Registry.

New home sales were up 15% totaling 7,971 units and resales were up 17%, totaling 43,536 units. Sales growth was particularly strong in Murcia (+53%) and the Seville province (+50%). Growth was also strong in Catalonia, and Barcelona in particular (+31%).

The only regions that registered a fall in the sale were the Canary and Balearic Islands – due to a shortage of homes for sale. So the demand for homes in Spain continues to grow robust.

The mix of property investors

The mix of property investors in Marbella is truly international.

Their top eight countries of origin are the United Kingdom, France, Belgium, Sweden, Germany, the Netherlands, Russia, and Norway. Most buyers are couples or families, from late 30s to mid-60s, and the majority are lifestyle or end-user buyers, with a smaller number buying purely for investment.

They tend to have similar requests: sea views, walking distance to amenities, south or south-west orientation and privacy. Gated communities with security are also a popular request, and new areas becoming more popular than before.

The most popular properties are the Nueva Andalucía apartments ranging in price from €250.000 up to €1 million and villas from €1 million to €3 million. The sweet spot is apartments worth around €500.000 in prime locations close to services. Three-bedroom villas in prominent areas close to beaches and amenities cost up to €2 million.

Property tax in Spain for non-residents

New-Build or Off-Plan Property

  • VAT (IVA): 10 %
  • Stamp Duty: 0.5 – 1.5 %
  • Land Registry fees: 0.1 – 2 %
  • Notary Public fees: 0.1 – 2 %
  • Lawyer’s fees: 1%
  • Mortgage loan (if finance is required) a few hundred euros

Resale Property

  • Property Transfer Tax (ITP): 6 to 11 %
  • Land Registry fees: 0.1 – 2 %
  • Notary Public fees: 0.1 – 2 %
  • Lawyer’s fees: 1 %
  • Mortgage loan (if finance is required) a few hundred euros

More inspiration from JamesEdition:

All homes available for sale in Marbella

Luxury villas for sale in Marbella

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