Cost of Buying Property in Marbella: The Complete 2026 Breakdown

Table of Contents

• The Main Acquisition Tax: ITP vs VAT
• Fixed Costs on Every Purchase
• Currency Exchange Costs
• Annual Costs After Purchase
• Full Cost Examples at 4 Price Points
• FAQ

The Main Acquisition Tax: ITP vs VAT

When buying a resale property in Marbella, you will pay 7% ITP (Impuesto de Transmisiones Patrimoniales) or Property Transfer Tax. For new build properties, you will pay 10% IVA (Value Added Tax) plus 1.2% AJD (Stamp Duty), totaling 11.2%. It's important to be aware of the "Valor de Referencia" (Reference Value), which is a new cadastral value used as the minimum taxable base for ITP and AJD. If the purchase price is lower than this reference value, taxes will be calculated based on the higher reference value.

ITP Calculation Examples (Resale)

New Build Calculation Examples (VAT + AJD)

Fixed Costs on Every Purchase

• Notary Fees: Approximately €600–€1,200. These are regulated fees for the public deed of sale.
• Land Registry Fees: Approximately €400–€800. These fees are for registering the property in your name at the Land Registry.
• Legal Fees: Typically around 1% + VAT of the purchase price. A lawyer will conduct due diligence and manage the legal aspects of the purchase.
• Gestoría Fees: €300–€600 (optional). A Gestoría can assist with administrative tasks post-purchase.

Currency Exchange Costs

For non-euro buyers, currency exchange rates and fees can significantly impact the total cost. Banks often offer less favorable rates than specialist foreign exchange services. It's advisable to explore options beyond traditional bank transfers to mitigate FX risk and costs.

Annual Costs After Purchase

• IBI (Impuesto sobre Bienes Inmuebles): This is the local council tax, similar to council tax or property tax in other countries. It varies based on the cadastral value of the property.
• Community Fees: If the property is part of a community (e.g., an apartment in a complex with shared facilities), you will pay monthly or quarterly community fees for maintenance of common areas, gardens, and pools.
• Non-Resident Income Tax (IRNR): If you are a non-resident owner, you are liable for an annual imputed income tax, even if you don't rent out the property.
• Property Management: If you plan to rent out your property, you might incur property management fees.

Full Cost Examples at 4 Price Points

Note: Notary & Registry fees are estimates. Legal fees are based on 1% + 21% VAT. Gestoría fees are not included in these examples.

Frequently Asked Questions

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