Property in Marbella for a residency permit
We offer a selection of properties in Marbella, Spain, on the Citizenship-By.Investments website, where you can find the best deals. Collaborating with reliable developers and agencies, we assist investors in finding the best options that may lead to a residence permit for the main buyer and their family members. You can invest in:
- New developments.
- Penthouses.
- Apartments with various numbers of bedrooms and bathrooms.
- Villas.
- Land plots.
When searching for an apartment or house in Spain with ideal locations and features, expatriates are increasingly drawn to smaller resorts along the Mediterranean coast. Marbella, a city in Andalusia, is considered an elite vacation spot. Visitors come for the beaches, which stretch for 27 km, the Sierra Blanca Mountains, and the golf courses. There’s also a marina, making it popular among yachting enthusiasts.
Property prices in Marbella are comparable to those in major Spanish cities due to the area's prestigious status. It's a relatively small location with a population of about 150,000, a significant portion of which are expatriates from Russian-speaking countries. Important points regarding neighbourhood selection:
- The most expensive investing property in Marbella is located in the area known as the "Golden Mile," which adjoins Puerto Banús. Here, you can buy property in Marbella starting at €500,000 (third line). Many units come with access to exclusive business clubs and the best golf courses.
- Those who enjoy nightlife should look into housing in Puente Romano and Las Torres, with the bonus of proximity to the Nagüeles beach.
- For year-round rentals and comfortable living, apartments in the city centre are an excellent choice.
- For more privacy, consider purchasing a home in San Pedro de Alcántara, where real estate prices are half those of the Golden Mile. For example, a 2-bedroom apartment starts at €250,000.
Residence permit in Spain by buying property in Marbella
A major incentive for expatriates to purchase an apartment, house, or other real estate on the Spanish coast is the opportunity to obtain a residence permit. The country offers a program that allows investors to receive a 3-year residence permit in Spain through real estate purchases, with the visa granted not only to the buyer but also to their family members. Key conditions for receiving a temporary resident card include:
- The applicant must be over 18 years old.
- Minimum annual income of €28,800.
- The property for sale in Marbella or any other region of Spain must be valued at over €500,000.
- There is no limit on the number of housing units that can be bought.
- Additional requirements include being free from life-threatening diseases and not having violated the country’s immigration laws.
After 5 years of living in the country, it's possible to apply for permanent residency, and after another 5 years, you may qualify for Spanish citizenship, provided certain conditions are met (such as passing an exam and not spending more than 10 months total, or 3 consecutive months, outside the country).
Investment real estate in Marbella
Advantages of investing in real estate in this area include:
- An elite community.
- A large expatriate population, including Russian speakers.
- High-quality housing on both the primary and secondary markets.
- Consistently high demand among buyers, driving property price growth.
- A steady influx of wealthy tourists, allowing for significant rental income.
- Smooth transaction processes when working directly with a verified agency or developer
- A low municipal property tax.
- The opportunity to quickly obtain a residence permit
When selecting properties in Marbella for investment purposes, be sure to consider the development prospects of the area and current urban planning initiatives.
Yes, non-residents can buy apartments, penthouses, villas, and land plots, as well as sign agreements with developers. The rights and obligations when entering a purchase agreement are the same as for local residents. This means you can earn income by renting out the property and later selling it, but you must pay the required taxes and cover utility costs.
A temporary resident card is issued to foreign citizens who purchase real estate (commercial and/or residential) worth at least €500,000 and submit a corresponding application with supporting documents to the immigration office. At the time of the request, the transaction must be completed and registered, and the applicant's annual income must be at least €28,800. The immigration office also checks for any past violations of the country’s visa regulations. The residence permit, granted for 3 years, covers both the property buyer and their immediate family members (including adult dependent children who are unmarried). During the residence permit period, the property cannot be sold, as this would revoke the temporary resident status.
To qualify for a residence permit, villas or apartments in Spain must be purchased for a minimum of €500,000. In 2024, this amount remains the threshold for applying for temporary resident status. The immigration service only verifies the total investment value; the number of units, their size, and location do not matter. If you're planning to move to the coast and simultaneously generate income, you can own several apartments, villas, or penthouses to rent out to tourists for short or long terms.
The area has 4 main areas: Las Chapas, Old Town and Center, Nueva Andalucía, and the Golden Mile. In the city centre, housing units can be rented year-round, making it the ideal location for rental income. For long-term investments, real estate in gated communities along the coast is a good choice. If you're looking to relocate while minimizing initial investment costs, consider real estate for sale in Marbella in San Pedro de Alcántara, where there are both ready-to-move-in homes and numerous plots for development.