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10 Mistakes to Avoid When Buying Property on the Costa del Sol

by | Sep 25, 2025

10 Mistakes to Avoid When Buying Property on the Costa del Sol : Spainpropertyadvisor.com

10 Mistakes to Avoid When Buying Property on the Costa del Sol

Guidance from SpainPropertyAdvisor.com:
10 Mistakes to Avoid When Buying Property on the Costa del Sol

Introduction

Buying a home in Spain, especially on the sun-soaked Costa del Sol, is a dream for many international buyers. With its world-famous beaches, luxury villa sales in Marbella, lively coastal towns like Estepona and Fuengirola, and excellent lifestyle options, the region remains one of Europe’s hottest property markets.

But while the idea of owning a Spanish villa or apartment on the Costa del Sol is exciting, the buying process can be complex. Legal pitfalls, hidden costs, and emotional decisions often trip up even experienced investors.

That’s why working with a specialist Spanish property advisor like SpainPropertyAdvisor.com is so important. They guide buyers step-by-step, ensuring you avoid mistakes and make a smart investment.

Here are the 10 mistakes to avoid when buying property on the Costa del Sol—whether you’re looking at luxury Marbella villas for sale, modern apartments in Málaga, or investment homes across southern Spain.

1. Skipping Local Expert Advice

👉 Relying only on seller-side agents or online listings can leave you exposed to legal and financial risks.
✅ Solution: Work with an independent property advisor who represents your interests.

2. Ignoring Legal Due Diligence

👉 Every property needs checks for debts, permits, and title registration.
✅ Solution: Use a trusted lawyer and advisor to review the Nota Simple and building licenses.

3. Underestimating the True Costs

👉 Expect 10–15% extra costs on top of the purchase price for taxes, notary fees, and ongoing community charges.
✅ Solution: Plan your budget with a detailed cost breakdown.

4. Not Inspecting the Property Thoroughly

👉 Glossy online photos often hide issues like damp, poor wiring, or seasonal noise.
✅ Solution: Visit in person and hire a technical inspector.

5. Overlooking Local Planning Regulations

👉 Pools, terraces, or extensions may be illegal without proper permits.
✅ Solution: Check compliance with the local urban plan (PGOU).

6. Delaying NIE and Mortgage Arrangements

👉 Without an NIE, you can’t legally buy property or open a bank account. Mortgages for non-residents take longer.
✅ Solution: Apply early and get mortgage pre-approval.

7. Overpaying Out of Emotion

👉 Falling for a sea view is natural—but overpaying makes resale difficult.
✅ Solution: Ask your advisor for comparative market analysis before bidding.

8. Forgetting About Resale or Rental Potential

👉 Even if you plan to live full-time, having strong rental/resale value is essential.
✅ Solution: Focus on areas with steady demand like Marbella, Estepona, or Málaga.

9. Ignoring Currency and Finance Risks

👉 Exchange rate swings and bank delays can inflate costs.
✅ Solution: Lock in favorable rates with currency services and secure finance early.

10. Forgetting to Test Lifestyle & Amenities

👉 A lively summer resort can feel isolated in winter.
✅ Solution: Visit different seasons and evaluate schools, hospitals, and transport before buying.

Why SpainPropertyAdvisor.com Is Your Best Ally

With decades of local expertise, SpainPropertyAdvisor.com helps international buyers purchase confidently by offering:

  • Independent buyer representation across the Costa del Sol.

  • Full legal and planning checks before you commit.

  • Guidance on financing, NIE applications, and mortgages.

  • Expertise in villa sales in Marbella, apartments in Málaga, and investment hotspots across southern Spain.

  • Market insight to prevent overpaying and ensure long-term value.

FAQs About Buying Property on the Costa del Sol

Is buying property on the Costa del Sol a good investment?

Yes. The Costa del Sol remains one of Spain’s most resilient property markets. Areas like Marbella, Estepona, and Málaga have strong demand for both holiday rentals and long-term living, making them attractive for investors.

How much are property taxes when buying a villa in Marbella?

Taxes depend on whether the property is new or resale:

  • New builds: 10% VAT + 1.5% Stamp Duty.

  • Resale properties: 7% Transfer Tax (ITP).
    On top of that, expect notary and registry fees (around 1%).

Can foreigners buy property in Spain?

Absolutely. There are no restrictions for non-residents buying property in Spain, whether you’re purchasing a holiday apartment in Fuengirola or a luxury villa in Marbella.

What are the best places to buy property on the Costa del Sol?

Popular hotspots include:

  • Marbella – luxury villas and vibrant nightlife.

  • Estepona – family-friendly and more affordable.

  • Málaga – city lifestyle with strong rental demand.

  • Nerja & Mijas – charming towns with authentic Spanish character.

Do I need a Spanish bank account to buy property?

Yes. A Spanish bank account is needed to pay taxes, utilities, and ongoing community fees. Your advisor can help set this up.

Final Thoughts

The Costa del Sol is a fantastic place to own property, but the process requires careful planning. Whether you’re browsing apartments for sale in Costa del Sol, looking at Marbella villa sales, or considering an investment property in southern Spain, the key is to avoid the common mistakes buyers make.

With the support of SpainPropertyAdvisor.com, you’ll have expert guidance every step of the way—ensuring your Spanish property dream is smooth, safe, and successful.

🌴 Ready to start your journey? Contact one our advisors directly today for further advice