The Spanish province of Málaga includes the municipality of Marbella, which has become a popular destination for real estate investment over the past year. Local developers have responded to the increased demand and increased the pace of construction of new developments. However, local properties are not cheap, and to meet demand, developers are often offering to buy a house in Marbella off-plan, which is cheaper in the long run than buying a ready-made house.
The Peculiarities of Purchasing New Buildings in Marbella
Real estate in Marbella from developers must meet all EU housing standards, especially energy efficiency. Thanks to solar panels and recycling systems, average utility costs are 20–30% lower than those of existing properties.
- Personalization. During the construction phase, you can choose the window placement, finishing materials, or even combine several apartments into one.
- Infrastructure. Most complexes include golf courses, fitness centers, and direct access to beaches, which is especially prized in areas such as the Golden Mile or Los Monteros.
- Financial flexibility. Developers in Marbella provide bank guarantees during the construction phase and often agree to installment plans.
New Build Prices in Popular Areas of Marbella
The new-build market offers a variety of new homes in Marbella: apartments with panoramic terraces, villas with private pools, townhouses, and penthouses. The average price per square meter is approximately €3,400. Buying a property in Marbella off-plan can save you up to 20%.
Average house prices by major areas:
| District | Property type | Average price per square meter (euro) |
| Golden Mile (Milla de Oro) | Apartments, villas, penthouses | 4500–7000 |
| Nueva Andalucía | Apartments, townhouses | 3200–4500 |
| Puerto Banus | Penthouses, apartments | 5000–10,000 |
| San Pedro de Alcántara | Apartments, townhouses | 2800–4000 |
| Los Monteros and Elviria | Apartments, villas | 2700–4000 |
The Best Areas to Buy New Property in Marbella
The municipality of Marbella comprises several districts, each with its own unique characteristics. Here are the top 5 areas for buying property in Marbella:
- Golden Mile. An elite area with premium villas and apartments.
- Nueva Andalucía. An ideal choice for families and golf enthusiasts.
- Puerto Banus. A neighborhood for those who want to be at the center of social life.
- Sierra Blanca. A relatively inexpensive secluded area in the foothills.
- Elviria. An affordable area with sandy beaches and golf courses.
Frequently Asked Questions about Buying a New Build in Marbella
What types of new properties are available for purchase in Marbella?
New developments in Marbella include:
- Apartments. Modern apartments with 1–4 bedrooms, often with terraces ranging from 20 to 100 sq. m.
- Penthouses. Two-level units with solariums and panoramic views.
- Villas. Private homes with plots from 500 sq. m and swimming pools.
- Townhouses. Houses with common walls, ideal for families.
Why is it profitable to buy real estate under construction in Marbella?
Purchasing a new home in Marbella provides capital growth (5-7% annually) and rental income (up to 6% annually). New buildings offer all modern amenities, including air conditioning, smart home systems, and energy-saving systems.
Is it possible to buy a new home in Marbella remotely?
Buying local real estate is possible online. Developers offer 3D tours and video presentations. A NIE number and a Spanish bank account are required for the transaction, and it's best to conduct all transactions through a notary.
Can foreigners buy a house in Marbella under construction?
Foreigners can freely purchase both completed and off-plan properties in Marbella without restrictions. The process requires obtaining an NIE and having the property inspected by a lawyer.
What is the minimum price per square meter for a new building in Marbella?
The minimum price per square metre in new developments in Marbella starts from €2,700 in the Elviria and Las Chapas areas.
What are the most popular areas for buying apartments and houses in new residential complexes in Marbella?
The most popular new residential developments in Marbella are located in the Golden Mile area. There, as in Nueva Andalucía and Puerto Banús, villas and apartments lead the sales. Penthouses and townhouses sell slightly worse. For those looking for a budget-friendly option, Sierra Blanca and Elviria are a better choice, as their apartments and flats are among the most affordable in the municipality.
