Did you know that luxury home sales in Marbella, Estepona, and Benahavís rose by nearly 6% in 2024, surpassing 8,700 high-end property transactions? Even more impressive, foreign buyers made up 14% of all purchases across Spain, with Marbella leading Málaga province as a top choice. The Costa del Sol is experiencing strong growth, and demand continues to rise as more international buyers recognise its investment potential. If you are considering a move to the Mediterranean, 2025 offers the right conditions to take action. In this article, we will explore why now is the right time to buy, what market trends mean for you, and why Marbella Estates is the trusted partner you need to make your property search a success.
Understanding Current Market Trends in the Costa del Sol
Marbella, Estepona, and Benahavís, often called the “Golden Triangle,” saw over 8,700 luxury property sales in 2024, marking a 5.6% increase compared to the previous year. Marbella accounted for 4,745 sales, followed by Estepona with 3,162 and Benahavís with 801. Foreign buyers are a key driving force behind this demand, with Málaga province recording more than one-third of its transactions involving international purchasers.
Property Prices and Appreciation
Prices across the Costa del Sol have shown steady growth, with Marbella commanding the highest values due to its prestige, lifestyle, and limited supply of prime locations. Properties in Estepona and Benahavís offer slightly more value but continue to appreciate strongly as demand outpaces supply.
Foreign Buyer Demand and Demographics
The international mix of buyers adds to Marbella’s cosmopolitan character. Purchasers come from across Europe, the Middle East, North America, and beyond, creating a vibrant and diverse community. This multicultural appeal strengthens long-term investment value by broadening the buyer base.
New Developments and Market Supply
While demand is high, supply remains carefully regulated. Around 9,000 new homes are planned under Marbella’s urban planning strategy, but many are still awaiting approval. This means existing prime properties retain their value and desirability, while new developments will enhance investment opportunities in the coming years.
Programmatic Benefits of Investing in Marbella Properties
Strong Resale and Rental Yield Potential
Properties in Marbella and its surrounding areas are not just lifestyle purchases but also financial investments. Many foreign buyers see significant returns on resale due to consistent appreciation. Rental demand is also strong, driven by holidaymakers seeking luxury accommodation and long-term tenants relocating for work or lifestyle. This makes owning property here attractive whether you plan to live in it or generate income.
Infrastructure and Urban Planning
Local authorities are actively improving essential infrastructure, including roads, utilities, and communication networks. While planning processes can take time, the long-term vision is to support sustainable growth and enhance quality of life for residents. These improvements are expected to further increase the area’s appeal to international buyers.
Sustainable, Long-Term Growth
The Costa del Sol benefits from a balanced approach to urban development. Efforts are being made to preserve natural beauty while introducing modern amenities. This careful planning ensures that the area will remain desirable in the future, making it a secure option for investment in 2025 and beyond.
Why Choose Marbella Estates?
When purchasing property in a competitive international market, working with the right agency makes all the difference. Marbella Estates offers unique advantages that set them apart.
Local Expertise and Market Knowledge
With more than 30 years of experience, Marbella Estates has deep knowledge of the Marbella, Estepona, and Benahavís markets. They understand not only current property values but also where future opportunities lie. This expertise ensures clients receive accurate advice and reliable insights.
Proven Track Record of Success
Established in 1989, Marbella Estates has built a strong reputation for professionalism and results. Their long-standing presence in the “Golden Triangle” means they are trusted by both buyers and sellers. Their history of successful transactions speaks to their reliability and skill.
Personalised, Multilingual Support
Marbella Estates is dedicated to providing tailored service. Their multilingual team understands the challenges foreign buyers face and offers clear communication in your preferred language. They listen closely to your needs and match you with properties that align with your goals.
Integrity, Transparency, and After-Sales Service
Buying property abroad can feel overwhelming, but Marbella Estates ensures a transparent and honest process. From the first viewing to the final signature, clients receive full guidance. Their after-sales support means the relationship does not end once the contract is signed. Whether it is helping with utilities, renovation contacts, or community registration, Marbella Estates continues to assist long after your purchase.dfg
What Foreign Buyers Should Know: Practical Tips
Purchasing property in Spain involves steps that can feel complex to international buyers. Here are key considerations to keep in mind.
Legal and Tax Processes
Foreign buyers must apply for an NIE (Número de Identificación de Extranjero) to complete property transactions. A local lawyer will guide you through due diligence, contracts, and tax implications. Taxes include property transfer tax, VAT on new builds, and notary fees. Understanding these costs upfront prevents surprises.
Financing Options and Cost Clarity
Mortgages are available for non-residents, often up to 70% of the property value. Buyers should also plan for additional expenses, such as community fees, insurance, and maintenance. Working with an agent like Marbella Estates helps ensure transparency so you can budget effectively.
Choosing an Agent You Can Trust
Not all agencies offer the same level of service. Marbella Estates provides reassurance through their decades of experience, local reputation, and client-first approach. Choosing a reliable agent prevents unnecessary stress and ensures a smooth transaction.
Cultural and Communication Insight
Understanding local practices and culture helps avoid miscommunication. Marbella Estates bridges the gap, ensuring foreign buyers feel confident throughout the process. Their ability to explain complex legal and financial terms in clear language makes all the difference.
Frequently Asked Questions (FAQ)
Q1: How much do property prices differ between Marbella, Estepona, and Benahavís?
A1: Marbella generally has the highest prices due to its international prestige, central location, and limited prime land. Estepona has seen rapid growth, with new developments offering excellent value while still being close to Marbella. Benahavís is known for its luxury villas and mountain views, and although prices are slightly lower than Marbella, they are rising steadily as demand grows.
Q2: Are there new projects or developments available now?
A2: Yes. Several developments are planned, particularly in Estepona and Marbella, with approximately 9,000 new homes awaiting approval. These projects are designed with sustainability and modern living in mind, offering options from luxury apartments to exclusive villas. Buying off-plan can provide advantages, such as lower initial pricing and opportunities to personalise your property.
Q3: Can foreign buyers get mortgages in Spain?
A3: Absolutely. Non-residents can typically secure mortgages covering 60 to 70% of the property price. The process involves providing proof of income, tax documentation, and credit history. Interest rates remain competitive compared to other European markets, making financing accessible for many international buyers. Marbella Estates can connect clients with trusted local banks and brokers to streamline this process.
Q4: What languages does Marbella Estates support?
A4: Marbella Estates offers multilingual service, including English, Spanish, and several other European languages. This ensures that international buyers can fully understand contracts, negotiations, and legal requirements without language barriers. Clear communication makes every stage of the process easier and more comfortable.
Q5: How competitive is the market for foreign buyers?
A5: The Costa del Sol is one of the most active markets for international buyers in Spain. In Málaga province, more than one-third of property purchases involve foreigners, and Marbella stands out as a top destination. While competition is high, there is a wide range of options available, from modern beachfront apartments to hillside villas. Working with an experienced agency like Marbella Estates helps buyers identify the right opportunities quickly before properties are sold.
Conclusion
The Costa del Sol has firmly established itself as one of Europe’s most attractive property markets. With prices rising, demand increasing, and new developments on the horizon, 2025 is the perfect time to make a move. For foreign buyers, choosing the right partner is essential. Marbella Estates combines decades of experience, local knowledge, and dedicated client service to ensure your property purchase is seamless and rewarding.
Are you ready to find your dream home in Marbella? Contact Marbella Estates today and take the first step toward your Mediterranean lifestyle.
