Premium Andalusia. The Golden Mile, Puerto Banús, Estepona, the city of Málaga. ITP just 7% — the lowest rate of the Mediterranean coastal regions. Wealth tax in Andalusia effectively zero.
A double advantage: ITP just 7% (vs. Balearics 8%, Catalonia 10%) and wealth tax effectively zero since 2022 — the cheapest premium region in Spain.
Up to 70% loan-to-value for non-residents. For premium purchases (from €1m) private banks, usually more conservative.
Mild climate, winters rarely below 12 °C; winter guests complement the summer market — effective lettability higher than at pure summer destinations.
Marbella lies in Andalusia, which since its tax reform offers one of Spain's most buyer-friendly regimes: ITP is a flat 7 % (on the higher of purchase price and cadastral reference); AJD is a buyer's cost only on a new build. The real advantage lies beyond that, in wealth tax: Andalusia grants a 100 % rebate, so wealth tax is effectively zero — a strong argument for wealthy buyers on the Costa del Sol. The ITP remains the largest single item; around 9 to 11 % in total costs. Marbella and Estepona form the premium segment; Málaga airport is about 40 minutes away. Important for financing: the bank finances the purchase price, not the 7 % ITP and the further incidental costs — you cover those from equity, on top of your own share. As of 07/2026.
The Golden Mile (Milla de Oro) — exclusive beachfront villas between Marbella and Puerto Banús. Puerto Banús — yacht-harbour glamour. Sierra Blanca — hillside villas with sea views. Price per square metre: €6,000–15,000.
Estepona — cheaper than Marbella, fast-growing, a new marina. Benahavís — an exclusive mountain village, golf settings. Mijas — an affordable family location, well connected.
The city of Málaga is one of the fastest-growing cities in Spain. Boutique hotels, the Picasso Museum, a gentrified old town. Young, international tenants. Lettable year-round.
Andalusia has a 7% flat ITP — cheaper than the Balearics (8–13% staggered) or Catalonia (10–13% staggered); only Madrid, at 6%, is lower. On a €500,000 purchase price: roughly €6,000 saved versus Mallorca.
Since 2022 Andalusia has effectively reduced wealth tax to zero. That makes Andalusia the most attractive region for premium buyers in Spain — even with assets from €5m, no wealth tax is due.
Spanish banks: 70% LTV for non-residents. For premium properties (from €1.5m) private banks with better terms. Term up to 25 years, all three models (fixed, variable, mixto).
Concrete sample calculations for typical foreign buyers — as a guide for your own plan.
| Item | Amount |
|---|---|
| Equity | €120,000 (32%) |
| Mortgage | €260,000 (68%) |
| Purchase costs (~10%) | ~€38,000 (ITP 7% Andalusia) |
| Loan-to-value | 68% LTV |
| Example payment (20 yrs, 3.1%) | ~€1,450/month |
| Bank type | Major Spanish bank · Costa del Sol |
Model calculations without guarantee. Not binding offers. Terms vary depending on credit profile, property and bank. No tax or legal advice.
| Item | Amount |
|---|---|
| Equity | €1,250,000 (50%) |
| Mortgage | €1,250,000 (50%) |
| Purchase costs (~10%) | ~€250,000 (ITP 7% Andalusia) |
| Loan-to-value | 50% LTV (premium, conservative) |
| Example payment (20 yrs, 3.1%) | ~€6,965/month |
| Bank type | Private bank · Marbella branch |
Model calculations without guarantee. Not binding offers. Terms vary depending on credit profile, property and bank. No tax or legal advice.
Pre-filled with typical values for this region — adjust and calculate.
Guide value without guarantee. Spain: max. 70%, Portugal: max. 80% loan-to-value for non-residents. Purchase costs = ITP/IMT + notary + land registry + lawyer + NIE/NIF. Total outlay = equity + purchase costs + all payments over the term. For a binding offer, contact us.
Model calculations without guarantee. Not binding offers. Terms vary depending on credit profile, property and bank. No tax or legal advice.
The complete breakdown with your exact figures — loan, equity required, total interest — straight to your inbox.
Marbella belongs to Andalusia. The Andalusian relief applies without a cap, including at the top end of the market. A paid-off property in Marbella does not have to be sold to free up capital — it can be mortgaged instead.
For inheritance, the rules of the autonomous community holding the highest value of the Spanish estate apply. With a single Spanish property that is simply its region. The relief must be claimed within the filing deadline — miss it and it becomes contentious.
How far a Spanish bank will go on an unencumbered property, what changes with the owner's age, and what the released money may be used for is set out in full under releasing capital from a Spanish property.
A gift of the released money to a child is taxed in Germany, not in Spain — see inheritance and gift tax in Spain. This is not tax advice; Inheritance tax, groups I and II (parents, children, spouses). Autonomous tax law changes; review quarterly.
Planning a purchase in Marbella or on the Costa del Sol? A free initial consultation in English — also German, French, Dutch, Spanish, Russian. I review your situation and find the right bank in Spain.
Monthly instalment, total cost and equity requirement for your exact figures.
Anonymised examples of how buyers financed their property on the Costa del Sol.