For many, the idea of owning a property in Spain is more than just a dream - it’s a smart lifestyle choice and a long-term investment. Among the most popular destinations for international buyers is Marbella, a luxury hotspot on the Costa del Sol that offers everything from high-end villas and modern apartments to new off-plan developments with strong return potential.
In 2025, Marbella continues to attract interest from buyers across Europe, the Middle East, and North America. So if you're searching online for answers like “Can foreigners buy property in Spain?” or “Is Marbella a good place to live?” - you’re not alone. This article breaks down what you need to know before purchasing a home in Marbella or the surrounding areas like Estepona, Cancelada, and Mijas.
Beyond lifestyle, Marbella has also proven to be a resilient property market. Even during uncertain global conditions, demand for high-quality real estate here continues to rise - especially among international buyers looking for a second home, a relocation destination, or a property with strong rental yield potential.
In recent years, there’s been a significant increase in interest around off-plan properties - newly built homes that are purchased before construction is completed. Buyers are often drawn to the modern architecture, energy-efficient design, and flexible payment plans that off-plan developments offer. In areas like Nueva Andalucía, Cancelada, and parts of Estepona, new residential communities are being built with international buyers in mind, offering stylish interiors, resort-style amenities, and excellent financing options.
One of the main benefits of buying off-plan is the ability to purchase at a lower price point, before the property is completed and its value increases. Developers often allow staged payments over the construction period, and many offer customisation options in terms of finishes and layout. Just be sure to work with a reputable agent and a qualified solicitor who can verify building licenses, timelines, and bank guarantees for your investment.
Just west of Marbella lies Estepona, one of the region’s fastest-developing towns. With a revitalised old town, a new promenade, and several contemporary off-plan developments, Estepona is a favorite among both families and investors. Prices here are often more competitive than in central Marbella, but the quality of life remains high.
Cancelada, a smaller village nestled between Marbella and Estepona, offers a peaceful, more residential setting. Many new off-plan projects have been developed here, offering excellent value for buyers who want modern homes without the premium price tag of Marbella.
Further to the east, Mijas offers a blend of coastal and mountain living. Mijas Pueblo, with it´s whitewashed houses and traditional feel, is popular with retirees and those seeking a slower pace of life, while Mijas Costa offers beachfront apartments and contemporary villas with stunning sea views.
While Spain previously offered a residency-by-investment scheme known as the “Golden Visa,” that program was officially discontinued in April 2025. However, purchasing property is still a viable and common path for international buyers, even without a residency tie. If you're looking to live in Spain full- or part-time, there are alternative visa options such as the Digital Nomad Visa or Non-Lucrative Visa, depending on your income and lifestyle plans. Buying property here remains a secure and well-regulated process, especially when working with a trusted real estate agent and legal advisor.
For off-plan properties, VAT (IVA) of 10% applies instead of the transfer tax, and you’ll also pay stamp duty, currently around 1.2% in Andalucía. It’s highly advisable to work with a local lawyer who can handle the entire purchase process, including due diligence, reviewing contracts, and registering the property in your name.
Whether you're considering a sleek new apartment near the beach, a spacious villa in the hills, or an off-plan investment in an emerging area, local knowledge is key. Working with an experienced real estate agent and lawyer will ensure a smooth purchase process and help you find the right property for your goals.
If you're ready to explore your options or simply want to learn more about what’s available, reach out today. Marbella might just be the lifestyle - and investment - you’ve been searching for.
31st Jul 2025
31st Jul 2025
31st Jul 2025
31st Jul 2025
