Buying a property in Marbella can be an exciting and rewarding investment — but it’s not just about the purchase price. Many buyers get surprised by additional costs that aren’t always mentioned upfront.
At Echelon Estates, we want to make sure you have all the information you need so your experience is clear and free of surprises. Here are the hidden costs you should be aware of when buying a home in Marbella, from taxes to unexpected fees.
VAT and Stamp Duty: For new-build or off-plan properties, expect to pay 10% VAT plus 1.2% stamp duty on the purchase price.
Transfer Tax: For resale properties, the transfer tax is 7% of the purchase price.
Plusvalía Municipal: This municipal tax charges the increase in land value since the last sale. Usually, the seller pays it, but sometimes buyers take it on in negotiations.
Notary and property registry fees are mandatory to formalize the sale and secure your ownership. These usually range between 0.5% and 1% of the property’s value, depending on the complexity of the transaction.
In Spain, the seller typically pays the agency commission, but sometimes buyers may cover part of this fee, especially in exclusive deals or special arrangements. It’s important to clarify this before moving forward.
If you’re taking out a mortgage, expect additional costs such as:
Official property appraisal.
Loan application and processing fees.
Bank commissions and mandatory insurance.
These can add up to 1-2% of the loan amount.
If your property is in a gated community or complex, you’ll have to pay monthly or yearly community fees for upkeep of common areas, pools, gardens, security, and other services. These fees vary widely and can range from a few hundred to several thousand euros annually.
Even if you buy a move-in-ready home, you may want to make personal adaptations or upgrades. Remember to budget for renovations, furniture, décor, and in some cases, permits for works.
Hiring a lawyer specializing in Spanish property law is essential to avoid legal issues, review contracts, verify there are no debts or liens on the property, and ensure the purchase is risk-free. These services usually cost between 1-2% of the purchase price.
Ownership comes with ongoing costs such as:
IBI (Property Tax): A yearly municipal tax that varies by location and property characteristics.
Garbage and Other Local Taxes: Additional municipal charges for services.
Insurance: Home insurance is recommended, and if you have a mortgage, life or payment protection insurance may be required.
Buying in Marbella is a dream that can come true with the right preparation. But understanding and anticipating hidden costs is key to avoiding financial headaches and ensuring a smooth, satisfying experience.
At Echelon Estates, we guide you through every step with expert advice and personalized support so you can buy with confidence.
Contact Echelon Estates today for a free consultation.
11th Aug 2025
11th Aug 2025
11th Aug 2025
11th Aug 2025
