Discover Your Dream Home: For Sale and Rent in Marbella, Estepona, and Neighboring Costa del Sol Gems

Roll up your sleeves and put on your best sun hat because at One Marbella Real Estate, we're playing matchmaker for folks and their dream homes under the ever-sunny skies of the Costa del Sol. Our cup of offerings overflows with the most tantalizing properties for sale and rent in Marbella, Estepona, and their vibrant neighbourhoods - each one more inviting than the last. Our website is as fresh as the morning paella, updated daily with the latest, tastiest slices of the real estate pie from us and our reputable amigos along the coast.

But wait, there's more! Our sales department not only has its hat in the ring, but our long-term rentals division is also up to its sombrero in terrific properties. If you're in the market for a long-term rental in the trendiest spots of Costa del Sol, say hola to options in The Golden Mile, San Pedro, Sierra Blanca, and Nueva Andalucía. And let's not forget the vivacious, always-in-vogue Puerto Banús - where life's a permanent fiesta!

We've got a magic carpet ride of a network here on the Costa del Sol, working hand in hand with all reputable companies. This gives us the golden key to the city's property treasure chest, be it for sales or rentals. Your wildest property dreams – a charming villa, a sleek apartment, a cosy townhouse, or even a spot in a brand new development – all can be found under the welcoming banner of One Marbella, your genie-in-a-bottle property shop.

Now, if you're toying with the idea of selling or renting your Marbella gem or your piece of paradise elsewhere on the Costa del Sol, fear not! One Marbella is at your service. With our trusted property appraisal expertise, we'll help you unlock the best value for your abode. Plus, we have a throng of eager clients chomping at the bit to set roots in Benahavís, San Pedro, Nueva Andalucía, and The Golden Mile. With One Marbella, you're not just getting a service; you're joining a community under the sunniest skies!

Discover Your Dream Home: For Sale and Rent in Marbella, Estepona, and Neighboring Costa del Sol Gems

Roll up your sleeves and put on your best sun hat because at One Marbella Real Estate, we're playing matchmaker for folks and their dream homes under the ever-sunny skies of the Costa del Sol. Our cup of offerings overflows with the most tantalizing properties for sale and rent in Marbella, Estepona, and their vibrant neighbourhoods - each one more inviting than the last. Our website is as fresh as the morning paella, updated daily with the latest, tastiest slices of the real estate pie from us and our reputable amigos along the coast.

But wait, there's more! Our sales department not only has its hat in the ring, but our long-term rentals division is also up to its sombrero in terrific properties. If you're in the market for a long-term rental in the trendiest spots of Costa del Sol, say hola to options in The Golden Mile, San Pedro, Sierra Blanca, and Nueva Andalucía. And let's not forget the vivacious, always-in-vogue Puerto Banús - where life's a permanent fiesta!

We've got a magic carpet ride of a network here on the Costa del Sol, working hand in hand with all reputable companies. This gives us the golden key to the city's property treasure chest, be it for sales or rentals. Your wildest property dreams – a charming villa, a sleek apartment, a cosy townhouse, or even a spot in a brand new development – all can be found under the welcoming banner of One Marbella, your genie-in-a-bottle property shop.

Now, if you're toying with the idea of selling or renting your Marbella gem or your piece of paradise elsewhere on the Costa del Sol, fear not! One Marbella is at your service. With our trusted property appraisal expertise, we'll help you unlock the best value for your abode. Plus, we have a throng of eager clients chomping at the bit to set roots in Benahavís, San Pedro, Nueva Andalucía, and The Golden Mile. With One Marbella, you're not just getting a service; you're joining a community under the sunniest skies!

Costs of Purchasing Property in Spain: Taxes and Fees for 2024

Costs of Purchasing Property in Spain: Taxes and Fees for 2024

Understanding the Costs of Acquiring Property in Spain in 2024 Exploring the financial landscape of property purchase in Spain for the year 2024 reveals a blend of excitement and complexity, particularly for expatriates embarking on purchasing real estate abroad for the first time. This journey, while thrilling, brings with it a set of challenges and differences from the property buying process in other countries. It's crucial for potential buyers to not only consider the property's price but also to account for additional expenses such as property tax in Spain and various mortgage-related fees. This guide aims to demystify the taxes and fees associated with purchasing a home in Spain in 2024. Securing a Mortgage and Other Essential Expenses The path to homeownership in Spain involves navigating beyond just the mortgage. Spanish banks typically offer financing up to 80% of the property's value for primary residences, necessitating buyers to have at least 20% of the property's value for the down payment. However, the financial planning doesn't stop there. Buyers must also prepare for additional expenses including property taxes and various fees, which are crucial for completing the home buying process. Depending on the property's location and value, experts recommend setting aside an extra 10% to 12% of the property's price to cover these costs, in addition to the down payment. Breakdown of Property Purchase Costs Key Fees and Taxes for Property Acquisition The acquisition of Spanish real estate comes with a myriad of fees and taxes. Buyers must be prepared for costs such as the property transfer tax or VAT, which varies from 6% to 10% for resale properties and is fixed at 10% for new constructions. Stamp duty also applies, generally ranging from 1% to 1.5% of the property price. Notary fees, land registry charges, legal costs (typically 1-2% of the property price), and additional expenses such as mortgage fees, real estate agent commissions, property survey fees, utilities setup, and home insurance should also be factored into the budget. Notarial Fees In Spain, notaries perform tasks akin to those of solicitors in the UK during property transactions, with their fees being government-regulated to ensure uniformity. The cost of notarial services can vary depending on the property's value, generally falling between €600 and €875. Land Registry Costs Registering the property deeds is another step that incurs fees, which are set according to Spanish law and vary based on the property's price, typically ranging from €400 to €700. Taxes on Property Purchases Taxes represent a significant portion of the additional costs when buying property in Spain. New properties are subject to VAT (IVA), which is 10% in 2024, with variations for special cases like the Canary Islands or public subsidised housing. Stamp duty (IAJD) is also applicable for new constructions, with rates varying by autonomous community. Resale properties incur the Property Transfer Tax (ITP), with rates also varying but generally lying between 6% and 10%. Optional Advisor Costs Hiring an adviser or 'gestor' is optional but can be incredibly helpful for expats, especially for those who are not fluent in Spanish. The cost for such services is approximately €300, often utilized for managing mortgage applications and related paperwork. Mortgage-Related Expenses Even without the need for a mortgage, all the aforementioned taxes and fees apply. However, mortgage applicants must consider additional costs such as property valuation fees (€250 to €600 in 2024) and potential bank fees for opening an account or the mortgage itself, which can be up to 2% of the loaned capital. Total Acquisition Costs The combined total of taxes and fees for purchasing property in Spain can range from 10% to 12% of the property's purchase price, varying by the property's value and the location of the purchase. For instance, buying a €200,000 property in Marbella could result in the following estimated costs, accounting for notary fees, professional fees, and taxes, among others: This detailed overview aims to provide a clearer understanding of the costs involved in purchasing property in Spain in 2024, highlighting the importance of thorough financial planning for prospective buyers.
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Malaga Ranks as Fifth Most Preferred City Globally for Second Home Purchases

Malaga Ranks as Fifth Most Preferred City Globally for Second Home Purchases

Malaga ranks as the world’s fifth most popular destination for those looking to buy a second home, as revealed in recent global rankings. Valencia is the subsequent Spanish city on the list, positioned at number 18, based on the latest international data. According to recent findings, Malaga stands out as a leading global choice for purchasing secondary residences. This Spanish city is the only one from the country to make it into the top five, according to an analysis by the real estate comparison service GetAgent. The surge in interest towards Malaga, a prime Costa del Sol spot, is attributed to its booming tourism, drawing millions for its scenic beaches, pleasant weather, and cultural richness. GetAgent highlights Malaga's appeal, noting its abundance of museums and galleries that art enthusiasts will enjoy, alongside its picturesque beaches, offering a splendid retreat for both property owners and visitors. The Gold Coast in Australia secures the top position, renowned for its beautiful beaches and amusement parks, which has contributed to a marked rise in property values. The top five cities, based on property searches, are: Gold Coast, Australia (49,200 property searches) Melbourne, Australia (44,900 searches) York, United Kingdom (33,800 searches) Cape Town, South Africa (32,900 searches) Malaga, Spain (26,200 searches) Property prices in Malaga have seen a 20% increase over the last year, pushing the cost to 3,300 euros per square meter, as per Fotocasa data. Following Malaga, Valencia is ranked 18th. GetAgent's country-specific analysis reveals Ireland as the top country for second home interest, with New Zealand, the United Kingdom, Equatorial Guinea, Italy, Portugal, and Spain (seventh with 29,200 annual searches) trailing behind.
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Four Andalusian cities ranked among Spain's top destinations for sightseeing.

Four Andalusian cities ranked among Spain's top destinations for sightseeing.

A renowned travel blog has featured four Andalusian cities in its selection of Spain's 16 top destinations for visitors. In its latest guide, the travel blog The Planet D has highlighted Seville, Malaga, Cordoba, and Granada as among Spain's finest cities for explorers. These Andalusian gems are celebrated for their contribution to Spain's rich history and as key tourist attractions. The Planet D's review sheds light on the unique cultural and architectural wonders that define each city. Seville is lauded for its deep-rooted flamenco culture, particularly in the Triana neighbourhood, where visitors can experience authentic flamenco performances. The blog also recommends visiting Seville's Alcázar, the Maestranza Bullring, and the cathedral, noting the Alcázar's blend of historical and architectural styles and its significance in Spain's royal history. Malaga, a coastal city known for its vibrant beach scene, is recognized for much more than just its parties and water sports. The Planet D emphasizes Malaga's architectural beauty and cultural depth, suggesting that visitors explore beyond the beaches to discover the city's historical richness. Cordoba is presented as a city that seamlessly blends its Roman past and Islamic glory. The blog focuses on the city's mosque, which has evolved over centuries from a key Islamic center to a Catholic church, reflecting Cordoba's layered history. Granada is described as offering a tranquil yet exciting experience, with stunning views of the Alhambra and the Sierra Nevada. The blog encourages outdoor activities, nightlife exploration, and visiting the Alhambra to appreciate the city's Islamic heritage. Through The Planet D's insights, these four Andalusian cities are depicted as essential stops for any traveler seeking to immerse in Spain's cultural and historical richness.
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