The Costa del Sol is known for its mild climate, spectacular beaches and vibrant culture. The region offers excellent real estate investment opportunities, with a stable and constantly growing market. Property investment on the Costa del Sol is ideal for those looking to generate rental income or benefit from property appreciation. We estimate that the return on investment can be made in about 10 years, thus providing you with a solid and profitable long-term opportunity.

The costs of buying a property in Spain vary depending on several factors, such as the purchase price, whether it is a new or resale property and whether it is purchased with cash or a mortgage. The listing price of a property is the net price to the seller, so taxes and acquisition costs must be calculated on top of the price agreed with the seller. In the Costa del Sol, you can expect to pay between 9% and 13.5% of the purchase price, as follows:

Lawyer’s fee: 1%, plus 21% VAT.
Notary fee: 0.30% – 0.65% of the purchase price

For new properties:

10% VAT
1.2% stamp duty.

For resale properties:

7% ITP – Transfer tax.

Consulting a specialist is recommended to get a clear picture of the costs.

Yes, it is possible to get a mortgage to buy a property in Spain. Most Spanish banks also offer financing to non-residents, provided you meet certain eligibility criteria. In general, the person or group of persons wishing to obtain credit should have an income of at least 48,000 euros from dividends or salaries in the previous year. On average, the Spanish bank will lend 50% of the value of the property. We can put you in touch with our banking partners to help you in this process.

Buying a property is a big decision and can be overwhelming, especially in a foreign country. Working with a real estate agent brings a sense of security and peace of mind, providing you with support and expertise every step of the way. Here’s why it’s essential to have a trusted real estate agent by your side:

Personalized and human assistance: A real estate agent is not only an expert in the real estate market, but also a reliable ally who understands your needs and wishes. He will listen carefully and work closely with you to find the perfect property that fits your lifestyle and budget.
Local guidance: An agent knows the areas and communities of the Costa del Sol very well and can provide you with valuable information about amenities, schools, transport and more. Thus, you will be able to make an informed and safe decision, ensuring that the property you choose is the most suitable for you and your family.
Save time and reduce stress: The process of buying a property can be long and complex. The realtor will handle all the searching and negotiating for you, saving you time and reducing the stress associated with the process. You will be able to focus on the joy of finding your new home, without worrying about the administrative details.
Protection and Security: The real estate agent will make sure that every aspect of the transaction is in order and that you are protected from any risks or legal issues. With their experience, agents can identify potential pitfalls or difficulties and advise you accordingly to avoid possible complications.
Access to an extensive network: Real estate agents have extensive contacts with other professionals, such as lawyers, appraisers, and property inspectors. This means you’ll have quick access to a wide range of trusted resources and services, all under the guidance of a trusted expert.
Professional negotiation: A real estate agent has fine negotiation skills and will represent you to get the best deal possible. They will ensure that your interests are protected and that you get the maximum value for your investment.

In conclusion, working with a real estate agent helps you make the process of buying a property a pleasant and worry-free experience, giving you the support you need to make a wise and safe investment.

How does the process of buying a property in Spain work?

The process of buying a property in Spain is simple and starts with finding the right estate agency you want to work with. It involves several steps: finding the right property, negotiations, signing a booking contract, obtaining a NIE number (Foreigner Identification Number), making payments and finally concluding the transaction at the notary. We are here to guide you through every step of the process, ensuring that all legal and financial procedures are completed correctly and efficiently.

Among the most sought after areas are Marbella, Estepona, Fuengirola, and Benalmádena. Each area has its own unique advantages, from great beaches and luxury amenities to excellent infrastructure and easy airport access. Choosing the right area depends on your personal preferences and investment goals.

Yes, the Costa del Sol is a top tourist destination, which makes renting a property a very profitable option. Both we and our collaborators offer the option of property management (short-term rental), ensuring that your property is occupied throughout the year and generates constant income. We can offer advice on managing rentals and maximizing income from these investments.

Foreign investors can benefit from certain tax deductions and Spanish law offers various tax facilities for property investors. In addition, there are certain annual fees to consider:

IBI (Real Estate Tax): It is the equivalent of property tax and is paid annually at the local town hall. Its value varies depending on the location and cadastral value of the property.
Garbage tax (Basura): It is an annual fee for waste collection, which is paid separately and varies between 50 and 150 euros per year, depending on the municipality.
Community charges: If the property is part of a community, you will also have to pay a maintenance fee which covers the costs of common areas such as gardens, pools and other facilities. These expenses vary according to the type and size of the property, but can be, on average, between 50 and 300 euros per month.

At Privo Imobiliare, unlike other agencies, the purchase commission is 0% of the transaction value. This gives you significant savings and total transparency in the purchasing process, ensuring that every step is done in your best interest.

We have a vast portfolio of over 20,000 offers for resale and we work with absolutely all major developers on the Costa del Sol. We offer a wide range of properties, from luxury apartments and villas to holiday homes, hotels and building plots. Our team is dedicated to finding the ideal property to suit your needs and preferences, whether you are looking for a holiday home, a new home or a profitable investment.

If you purchase a project stage property in Spain, the advance paid is guaranteed by the bank, which becomes the developer’s guarantor. This means that your money is safe and protected against any risks such as project completion delays or non-completion. According to Law 20/2015, developers are required to take out insurance or submit a bank guarantee for all amounts paid in advance by buyers. This law provides additional protection for investors by ensuring that funds are used properly and that projects are carried out as planned.