Land For Sale in Marbella

If you wish to purchase a plot and build your own home, it is crucial to ensure that the plot is located within an urbanization or an area zoned for such use according to the Municipal Plan. In such cases, outline planning permission for constructing a detached home is typically already granted. However, building regulations, which vary significantly, dictate the permissible size of the villa based on the plot size. Therefore, it is essential to verify that your desired home can be constructed on the land before finalizing the purchase.

While a building survey, as understood in the U.K., is not mandatory for mortgage purposes in Spain, it is advisable, especially when purchasing an older property. Important aspects to check include the condition of plumbing and electrical systems, waterproofing, and roofing. These inspections, as well as a full structural survey, can be conducted by a Spanish technical architect (aparejador) or a qualified British Chartered Surveyor. Any associated fees will be the responsibility of the prospective buyer.

Spanish banks are competitive in offering mortgages for both new and resale properties. Many banks provide mortgage options to non-residents, with some banks offering a broader range of financing packages than others. Typical terms include mortgages ranging from 5 to 15 years, often up to 70% of the purchase price, at around 1 point above current EURIBOR rates. Applicants must qualify for the loan, particularly in terms of sufficient income to cover monthly payments, and the bank must appraise the property value, which generally aligns with the market value.

Marbella is renowned as one of the most glamorous holiday destinations in southern Europe, offering a taste of luxury living. Located at the western end of the Costa del Sol, Marbella boasts stunning scenery, vibrant culture, and exclusivity. The resort faces south onto the Mediterranean and is backed by the impressive Sierra Blanca mountain range.

Marbella offers modern infrastructure, excellent private schools, luxury restaurants, prime golf courses, world-class beach clubs, nightlife, and designer shops. With a minimum of 320 days of sunshine per year, Marbella provides a paradise for sun worshippers, making it one of the most sought-after property destinations in Europe.

Yes, foreigners can purchase land in Marbella without any restrictions. There are no specific residency requirements for owning property, making it accessible to international buyers. However, if you plan to stay in Spain for more than 90 days within a 180-day period, you may need to apply for a visa or residency permit. Additionally, purchasing a property worth €500,000 or more may qualify you for a Golden Visa, granting you and your family residency in Spain. Consulting with an immigration lawyer can provide further guidance on available residency options.