Townhouses For Sale in Marbella

The process of buying a townhouse in Marbella involves several key steps. Firstly, it’s important to determine your budget and secure financing, if necessary.

Next, engage a reputable real estate agent, like Buy Rent Marbella, to help you find the perfect property that meets your needs.

Once you’ve identified a townhouse, make an offer and negotiate the terms. Upon acceptance, a reservation contract is typically signed, followed by a private purchase contract, and finally, the public deed is signed before a notary.

Throughout this process, legal and financial due diligence, such as property inspections and ensuring clear title, are essential.

When purchasing a townhouse in Marbella, it’s crucial to be aware of several legal considerations. First, hire a qualified lawyer who specializes in Spanish real estate law to conduct due diligence, ensuring there are no legal issues with the property, such as debts or encumbrances. Verify the property’s registration in the Land Registry and check for any planning or building restrictions.

Also, review the terms of the sale contract carefully, and ensure all agreements are documented. Understanding local regulations and tax obligations, including property transfer tax, VAT, and notary fees, is also essential to avoid any legal complications.

Several taxes and fees are associated with buying a townhouse in Marbella. The primary taxes include the Property Transfer Tax (ITP), which ranges from 8% to 10% for resale properties, or VAT (IVA) at 10% for new properties. There is also Stamp Duty, which is typically 1.5% of the purchase price.

Other costs include notary fees, registration fees, and legal fees, which can add approximately 1% to 2% of the property price. It’s important to budget for these expenses to ensure you have a clear understanding of the total cost involved in the purchase.

Yes, foreigners can buy property in Marbella without any restrictions. There are no specific residency requirements for property ownership, making it accessible to international buyers.

However, if you plan to spend more than 90 days in Spain 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 the residency options available to you.