Buying property in Marbella is an exciting investment, but many international buyers focus only on the purchase price and overlook the additional costs involved.

Whether you’re buying a holiday apartment, a luxury villa or an investment property, understanding the full cost of purchasing real estate in Spain will help you budget correctly and avoid unexpected expenses.

In this guide, the Atlas Real team explains every major cost associated with buying property in Marbella, Benahavís and Estepona.

Quick Answer

Buying a resale property in Marbella usually requires an additional budget of around 8–10% on top of the purchase price, while new-build properties typically require around 10–13%, depending on taxes and legal fees.

What Are the Hidden Costs of Buying Property in Marbella?

In addition to the agreed purchase price, buyers should normally budget between 8% and 13% of the property’s value to cover taxes, legal fees and other acquisition costs.

The exact amount depends on whether the property is a resale or a new-build home.

1. Property Transfer Tax (ITP)

If you are purchasing a resale property, the largest additional cost is the Property Transfer Tax (Impuesto de Transmisiones Patrimoniales – ITP).

The tax rate depends on the region and current legislation in Andalucía.

For most buyers, this represents the biggest expense after the purchase price itself.

2. VAT (IVA) on New-Build Properties

When purchasing a newly built property directly from a developer, buyers usually pay:

• VAT (IVA)
• Stamp Duty (AJD)

Instead of the Property Transfer Tax.

Your lawyer will confirm which taxes apply before completion.

3. Notary Fees

Every property purchase in Spain must be completed before a Spanish Notary.

The notary prepares and certifies the official purchase deed.

Typical cost:

Approximately €800–€2,500

depending on the property value.

4. Land Registry Fees

Once the purchase has been completed, ownership must be officially registered with the Spanish Land Registry.

Typical cost:

Approximately €500–€2,000

depending on the purchase price.

5. Legal Fees

Using an independent property lawyer is highly recommended when purchasing property in Spain.

A good lawyer will:

• perform legal due diligence;
• verify ownership;
• check planning permissions;
• review debts or charges;
• prepare contracts;
• coordinate completion.

Typical legal fees:

Around 1% of the purchase price (+ VAT)

6. Mortgage Costs

If you finance your purchase through a Spanish bank, there may also be additional costs related to:

• property valuation;
• mortgage administration;
• bank fees;
• insurance requirements.

These vary depending on the lender.

7. Property Valuation

Spanish banks normally require an independent valuation before approving a mortgage.

Typical cost:

€300–€800

8. Currency Exchange Costs

Many international buyers transfer funds from pounds sterling, US dollars or other currencies.

Even small exchange rate differences can affect the overall purchase price by thousands of euros.

Using a specialist currency exchange provider may help reduce transfer costs.

9. Community Fees

If you purchase an apartment or townhouse within a residential development, you will normally pay annual community fees.

These cover:

• gardens;
• swimming pools;
• security;
• maintenance of communal areas.

Typical annual cost:

€1,000–€10,000+

depending on the development.

Luxury communities may charge significantly more.

10. Annual Property Tax (IBI)

IBI is Spain’s equivalent of local council tax.

It is payable every year by property owners.

The amount depends on:

• municipality;
• cadastral value;
• property type.

11. Non-Resident Property Tax

Owners who are not Spanish tax residents may also be required to submit an annual non-resident tax declaration.

Your lawyer or tax adviser can explain your individual obligations.

12. Home Insurance

Most buyers arrange building and contents insurance immediately after completion.

Annual premiums vary depending on:

• property size;
• location;
• insured value.

Example: Buying a €1,500,000 Villa

Estimated total additional costs: €125,000–€170,000

The exact figures depend on the property’s legal status, financing method and individual circumstances.

Can These Costs Be Reduced?

Some expenses are fixed by Spanish law.

However, buyers may reduce overall costs by:

• comparing mortgage options;
• arranging financing in their home country;
• using competitive currency exchange providers;
• obtaining professional legal advice before signing any contracts.

Planning ahead often saves both money and time.

Frequently Asked Questions

How much extra should I budget when buying property in Marbella?

Most buyers should allow approximately 8%–13% above the purchase price.

Do new-build properties have different taxes?

Yes.

Instead of Property Transfer Tax, buyers generally pay VAT and Stamp Duty.

Do I need a lawyer?

Although not legally required, using an independent lawyer is strongly recommended for international buyers.

Can Atlas Real help estimate my total purchase costs?

Yes.

We work with experienced lawyers, tax advisers and financial specialists who can provide an accurate estimate before you commit to purchasing.

Related Guides

• Spanish Mortgage vs UK Finance
• What Property Do British Buyers Choose in Marbella?
• Marbella Golden Mile Guide
• Puerto Banus Guide
• How to Buy Property in Marbella
• How Long Does It Really Take to Buy Property in Marbella? A Step-by-Step Timeline

Conclusion

Understanding the true cost of buying property is just as important as choosing the right home.

By budgeting for taxes, legal fees and ongoing ownership costs in advance, buyers can avoid unexpected expenses and complete their purchase with confidence.

Thinking About Buying Property in Marbella?

The Atlas Real team helps international buyers every day. We can introduce trusted lawyers, mortgage specialists and tax advisers while providing a clear breakdown of the full costs involved before you make your investment.