Complete guide to buying a property on the Costa del Sol
Everything you need to know to buy your property on the Costa del Sol: from the initial search to the notary signing, step by step and without surprises.
Buying a property on the Costa del Sol is the dream of thousands of people every year, both Spanish and foreign. However, the process can be complex if you don't know the steps, the real costs and the legal particularities. This guide accompanies you from the very first moment until you have the keys in your hand.
Why the Costa del Sol remains a safe bet
Before getting into the buying process, it's worth understanding what makes this region special:
- Exceptional climate: More than 320 days of sunshine per year and mild temperatures in winter
- Connectivity: Malaga airport offers direct flights to over 120 European destinations
- First-class infrastructure: Quality healthcare, international schools, prestigious golf courses
- Established market: Sustained demand for both residential and holiday rental
- Quality of life: Gastronomy, culture, nature and leisure all in one setting
If you want to know which areas offer the best potential for your goal, we recommend consulting our analysis of the best areas to invest in Malaga in 2026.
The buying process step by step
Step 1: Define your real budget
Don't just focus on the property price. You need to calculate the total budget including:
| Item | Percentage/Amount |
|---|---|
| Property price | 100% |
| Taxes (ITP or VAT + AJD) | 8-11% |
| Notary | 0.5-1% |
| Land Registry | 0.2-0.5% |
| Administrative agent | 300-600 EUR |
| Valuation (if mortgage) | 300-500 EUR |
| Lawyer (recommended) | Approx. 1% |
Rule of thumb: Add 12-14% to the property price for costs. If you buy for 300,000 EUR, you will need 336,000-342,000 EUR in total.
If you need financing, banks typically lend between 70-80% of the appraised value (60-70% for non-residents). This means you need to have saved at least 20-30% of the price plus costs. To understand how to get the best conditions, see our guide on how to get the perfect mortgage.
Step 2: Get your NIE (if you are a foreigner)
The NIE (Foreigner Identification Number) is essential for any real estate transaction in Spain. Without it, you cannot buy, open a bank account or sign before a notary.
Step 3: Find the right property
Once your budget is clear, start the search. Visit properties in person, check the area, and investigate the neighbourhood thoroughly.
Step 4: Legal checks before committing
Before signing anything, your lawyer should verify: Land Registry extract, IBI tax payments, community certificates, energy certificate and occupancy licence.
Step 5: The deposit contract (arras)
Once you have chosen the property and completed checks, you sign the deposit contract. This typically involves paying 10% of the price as a deposit.
Step 6: Arrange financing (if needed)
If you are applying for a mortgage, this is the time to formalise the application. Approval can take 2-6 weeks.
Step 7: Signing before the notary
On the deed day, buyer and seller meet at the notary's office to sign the public deed of sale. The notary reads the deed, identities are verified, the deed is signed, payment is made and keys are handed over.
Step 8: Post-purchase formalities
After signing, you still need to pay the tax within 30 days, register the property, change utility accounts and arrange home insurance.
Common mistakes to avoid
- Not hiring a lawyer: The notary certifies the signature but does not defend your interests.
- Relying only on photos: Always visit the property in person before signing the deposit.
- Ignoring encumbrances: An outdated registry extract may hide recent liens.
- Not calculating all costs: Many buyers run short on budget by forgetting taxes, notary and admin fees.
- Signing the deposit without conditions: If you need a mortgage, include a clause to recover the deposit if the bank doesn't approve it.
- Rushing for fear of losing the opportunity: A good purchase requires time and verification.
Buying a property on the Costa del Sol is one of the best decisions you can make, but it requires preparation. Take the time to understand the process, surround yourself with trusted professionals and don't rush. Your future home is waiting for you.
Frequently asked questions about buying on the Costa del Sol
Can a foreigner buy a property in Spain?
Yes, any person of any nationality can buy a property in Spain without restrictions. You only need an NIE (Foreigner Identification Number), which you can obtain at a Spanish consulate or in Spain. You do not need to be a resident to buy.
How much do purchase costs amount to on the Costa del Sol?
Additional costs amount to between 10% and 14% of the property price. They include taxes (7% ITP for resale or 10% VAT for new build), notary (0.5-1%), registry (0.2-0.5%), admin agent (300-600 EUR) and lawyer (approx. 1%).
How long does the complete purchase process take?
From starting your search to getting the keys, the process usually takes between 2 and 5 months.
Is it mandatory to hire a lawyer to buy?
It is not legally mandatory, but highly recommended. The notary certifies the signature but does not defend your interests. A real estate lawyer reviews encumbrances, contracts and protects the buyer. Its cost is around 1% of the price.
What is the deposit contract and how much is paid?
The deposit contract (arras) is an agreement prior to the deed that reserves the property. A deposit is paid, usually 10% of the price. With penitential deposits (the most common), if the buyer withdraws they lose the deposit; if the seller withdraws, they must return double.
Ready to take the step?
At SolProp we accompany you throughout the entire process: from finding the perfect property to coordinating lawyers, administrators and the notary signing. Our team knows every corner of the Costa del Sol and can advise you according to your needs, whether you are a resident or coming from abroad.
Search properties on the Costa del Sol → Contact an advisor →