Price ascending Price descending Location Latest updated Oldest updated Latest listed Oldest listed
Properties

Share Property Search

Copy link for this search to clipboard

Purchasing a resale property on the Costa del Sol offers a unique opportunity to own a piece of Spain’s sun-drenched southern coast. Whether you’re seeking a vacation home, a permanent residence, or an investment property, the Costa del Sol provides a diverse range of options to suit various preferences and budgets.

Why Choose a Resale Property on the Costa del Sol?

Resale properties often come with several advantages:

  • Established Locations: Many resale properties are situated in well-developed areas with mature infrastructure, offering easy access to amenities such as shops, restaurants, and public transport.

  • Immediate Availability: Unlike new developments, resale properties are typically ready for immediate occupancy, allowing you to settle in without construction delays.

  • Potential for Value Appreciation: Investing in a resale property in a sought-after area can offer potential for property value appreciation over time.

Popular Areas for Resale Properties

The Costa del Sol spans a variety of towns and cities, each with its unique charm:

  • Marbella: Known for its luxury lifestyle, Marbella offers upscale villas and apartments. 

  • Estepona: Estepona’s property prices remain attractive, offering a blend of Andalusian charm and modern infrastructure. 

  • Mijas: Offering a variety of property types to suit different budgets, Mijas provides a balance of tradition and modernity. 

  • Benahavís: A picturesque village known for its gastronomic delights and proximity to golf courses. 

Steps to Purchasing a Resale Property

  1. Define Your Requirements: Determine your budget, preferred location, property type, and essential features.

  2. Engage a Reputable Real Estate Agent: Partner with an experienced agent familiar with the Costa del Sol market to guide you through the process.

  3. Property Viewings: Schedule visits to shortlisted properties to assess their condition and suitability.

  4. Legal Due Diligence: Hire a local solicitor to verify the property’s legal status, ensuring there are no encumbrances or legal issues.

  5. Make an Offer: Once you’ve selected a property, your agent will assist in negotiating the purchase price with the seller.

  6. Sign a Reservation Agreement: This document secures the property and outlines the terms of the purchase.

  7. Private Purchase Contract: A more detailed contract specifying all conditions, usually accompanied by a deposit payment.

  8. Completion: The final step involves signing the deed before a notary, paying the remaining balance, and registering the property in your name.

Costs Associated with Buying a Resale Property

When purchasing a resale property, consider the following costs:

  • Transfer Tax (ITP): Varies by region; in Andalusia, it’s typically between 8% and 10% of the purchase price.

  • Notary and Land Registry Fees: Approximately 1% to 2% of the purchase price.

  • Legal Fees: Solicitor fees are usually around 1% of the purchase price.

  • Additional Costs: Include property valuation, mortgage arrangement fees (if applicable), and insurance.

Financing Your Purchase

Spanish banks offer mortgage options to non-residents, typically financing up to 70% of the property’s value. It’s advisable to consult with financial institutions to understand the terms and ensure you meet the eligibility criteria.

Why Invest in the Costa del Sol?

The Costa del Sol remains a prime destination for property buyers due to its:

  • Climate: Over 300 days of sunshine annually.

  • Accessibility: Well-connected via Málaga-Costa del Sol Airport and an extensive road network.

  • Lifestyle: A blend of cultural heritage, modern amenities, and a relaxed Mediterranean lifestyle.

  • Investment Potential: A strong rental market driven by tourism and expatriate communities.

Embarking on the journey to purchase a resale property on the Costa del Sol can be both exciting and rewarding. With careful planning and the right professional guidance, you can find a property that meets your needs and serves as a valuable investment in this beautiful region of Spain.

Compare listings

Compare