Apartment in Marbella for a residency permit
Explore a selection of apartments in Marbella for investment and residency opportunities, all available on the CBI website. These properties are sourced directly from reputable Spanish real estate agencies and developers. Spanish law permits foreigners to engage in property transactions with full protection of ownership rights. Investment options in Marbella vary in size, location, number of bathrooms and bedrooms, balcony availability, views, amenities and design. Our qualified legal team is ready to assist you with your decision to buy a flat in Marbella and the residency process.
Property in Spain is highly sought after by those interested in passive income or relocating to a European country with a warm climate, relaxed lifestyle and stable economy. Andalusia, a charming resort area, attracts affluent tourists and expats drawn to its tranquillity, natural beauty and elite sports offerings. The region boasts 27 kilometres of beaches with shallow water, some of Europe’s finest golf courses, a yacht marina and stunning views of the Sierra Blanca mountains. For expats, the area also offers a well-established community of fellow speakers, adding to its appeal.
Apartments prices in Marbella can reach up to EUR 2,200,000 for homes in gated communities featuring pools, 24/7 security and private golf courses. However, options are available starting from EUR 242,000 to EUR 380,000. The price of an apartment in Marbella, Spain, largely depends on its location, with high-end properties typically found along the "Golden Mile" near Puerto Banús. For rental income, the city centre offers more advantageous opportunities, while nightlife enthusiasts may prefer areas such as Las Torres, Puente Romano and Playa Casablanca.
Residence permit in Spain by buying an apartment in Marbella
Purchasing an apartment for sale in Marbella and obtaining a Spanish residency permit allows you to live in the country without time restrictions, work, open a business and travel visa-free across the Schengen Zone. After five years, you can apply for permanent residency and later for citizenship. Residency permits are available to adult investors who can prove financial solvency, requiring an annual income of at least EUR 28,800. An additional subsistence level is required for each dependent family member. Other key residency conditions include:
- A minimum property investment of EUR 500,000. Meeting this threshold is straightforward, as apartments for sale in Marbella’s upscale areas rarely fall below this amount;
- Applicants must provide a clear criminal record, obtain health insurance, prepare the necessary documents and pay applicable taxes;
- Applications must be submitted in person, so securing a visa for entry into Spain is necessary. It’s advisable to start the legalisation process early to ensure residency approval before the visa expires. The immigration office typically takes between 20 days and two to three months to issue a decision.
Investment apartment in Marbella
Investors are drawn to the area not only for a residence permit in Spain. This resort is favoured by high-income travellers, yielding rental income between 6% and 8% annually and offering strong resale potential. Exclusive resale properties and new developments are particularly attractive; while resale properties provide immediate income, new constructions often offer competitive prices per square metre and additional features.
The reputation of a prestigious location for affluent Spaniards and expats boosts its appeal to foreign investors. Additional factors supporting investment include straightforward transactions, low property tax, innovative construction projects and growing infrastructure.
Yes, foreigners can invest in apartments and flats in Marbella without restrictions, provided they comply with legal requirements. The process involves verifying the seller and the property, gathering the necessary documents, signing a preliminary agreement and paying a deposit. As property owners, foreigners must adhere to condominium rules, pay bills on time and settle the required taxes.
Yes, residency applicants must be of legal age, demonstrate sufficient annual income for themselves and any dependents, maintain a clear criminal record for the past five years and submit a legally mandated document package. There are also property value limits and additional requirements, including obtaining health insurance (starting from EUR 700), submitting documents in person and maintaining legal presence in Spain.
Purchasing apartments or villas in Spain worth a combined total of at least EUR 500,000 qualifies you for temporary residency, regardless of the number or type of properties acquired. The key is to meet the investment threshold and obtain the necessary ownership documentation.
The region is compact, making it easy to access beaches, restaurants, shops, parks, transportation and other amenities from virtually anywhere. Prestigious areas with flats in Marbella include the Golden Mile and Nueva Andalucía, along with additional options in the city centre, Old Town and Las Chapas.