Real Estate in Marbella continues to boom in 2024 due to its commitment to luxury investment. Located along the so-called Costa del Sol, Marbella continues to seduce Spaniards and foreigners with its enviable climate and calm and luxurious lifestyle.
At Golden Partners we want to let you know more about the Real Estate market trends in Marbella this year, consider the profitability of your investment, together with its benefits for the purposes of residence, work and free movement through the Schengen area thanks to Golden Visa in Spain.
Investing in Real Estate in Marbella
Following the latest report from the prestigious Real Estate agency Engel and Völkers (which you can consult here), one of Marbella’s greatest strengths is the variety of properties on the market: from modern and spacious apartments to opulent villas of all styles. Regardless of the nationality of the investor, in this town in the south of Spain it is always very easy to find a property for all tastes.
- Privileged climate: Spring temperatures are not very different throughout the year. Enjoying the Mediterranean climate and being sheltered by mountains, it is not too cold in winter or too hot in summer, as is typical of Spain in general and that southern area in particular.
- Privileged location: Properties in exclusive enclaves such as Golden Hills, the Golden Mile, Puerto Banús or Nueva Andalucía, known for their luxury and high-end tourism. All of them are places with access to beaches, shopping centers or golf centers within a few minutes by car.
- High security: Marbella, like the rest of Spain, is a safe place where more and more wealthy families decide to move their habitual residence here.
- Great qualities and designs: Real Estate architecture in Marbella is known for its high-end finishes, cutting-edge technology and environmental sustainability.
- Future profitability: Real Estate in Marbella stands as one of the best investment options in all of Spain according to reports from various large Spanish Real Estate companies.
Is Marbella Real Estate expensive?
This is one of the questions most asked by large investors who hesitate between Marbella and other Spanish cities (i.e., Madrid, Seville, Barcelona, Alicante or the Baleares) and that they are about to start their investments in Spain.
In 2024, Real Estate in Marbella is characterized by large price fluctuations. Specifically, some areas of Marbella are in the midst of an upward trend in their prices, above all, due to the increase in demand. At a higher price, as we at Golden Partners explain to our clients, greater profitability is also generated for the owners who rent luxury real estate assets.
Despite the upward trend in prices generalized to all Real Estate in Spain, the particular rise of Marbella is due to one primary reason: the lasting appeal of Real Estate in Marbella as it is a destination for wealthy investors looking for residences to live or retire from high standing.
Golden Visa in Spain thanks to your Real Estate in Marbella
One of the great benefits that the investor can obtain thanks to considering acquiring Real Estate in Marbella is the possibility of access to the Golden Visa in Spain.
One of the possibilities dictated by Spanish Law to obtain the Golden Visa in Spain is that the foreign investor makes a minimum net investment of 500,000 euros in Spanish Real Estate such as apartments, premises or land. This Real Estate can be used by the owner for personal residence and rental, like a large part of the interested parties who acquire Real Estate in Marbella, as well as to generate profitability through other means.
Once all the requirements to obtain the Golden Visa in Spain have been met, both you and your family could enjoy the following benefits:
- Legal right to work and reside in Spain: For an initial period of two years, without requiring permanence in Spanish territory to obtain it.
- Freedom of movement through the countries of the Schengen area: The Golden Visa offers the possibility of traveling through up to 29 European countries. In addition, it is not necessary to comply with long periods of stay or to establish yourself as a tax resident in Spain, just continue meeting the requirement of initial investment.
- Extension to spouse and children under 18 years of age: This residence permit can also be requested by the applicant’s spouse and children under 18 years of age. Also, children over 18 years of age can be credited with financial dependence, which is very interesting for those foreigners who want their children to pursue, for example, university studies in Spain.
- Application for Spanish nationality: If you are a citizen of an Ibero-American nation, such as Peru, you can apply for Spanish nationality after obtaining the Residence Authorization and residing in Spanish territory for a minimum of two years.
- Access to tax benefits for impatriates: If the foreigner had resided outside of Spain during the previous 10 years, he, his spouse, and minor or adult children with disabilities could opt to pay tax on a tax rate lower than the marginal one in your Income Tax, that is; access the famous impatriate regime (the well-known Beckham Law).
Real Estate investment is a form of access to the Golden Visa that other countries such as Portugal have already eliminated and that the current Spanish Government also wants to eliminate but there are at least a few months ahead as the legislative process is long and complicated.
In short, the Golden Visa is the great unknown for many investors who make their first consultation with experts when they think about investing in the Spanish Real Estate market. A residence permit that can offer you great benefits.
More and more investors entrust the purchase and management of their Real Estate in Marbella and in the rest of Spain to Golden Partners to obtain high profitability through the rental of the homes acquired. We have extensive knowledge of Spanish legislation, registration and administrative practices and even languages, being able to assist you in Spanish, English or French.
Please feel free to contact us and a Real Estate lawyer from our team will contact you.
