Drumelia @marbella - The Blog -

Properties in the Golden Mile, Marbella Drumelia Real Estate

Welcome to the spiritual home of sophistication and luxury living in Marbella. Often compared to the eccentric and lavish playground of Miami, Marbella is the jewel of the Mediterranean. But in reality, thanks to its glamourous appeal and timeless elegance, Marbella is more akin to Beverly Hills; and together with the fabulous local climate, both visitors and residents can enjoy the relaxing and leisurely environment for which the Costa del Sol has been renowned for over five decades.

Villa Cullinan plot

Well, we just thought the whole team, that it would be nice to tell a little more about us, because you see a lot of information on the Internet and our Instagram, YouTube channel, Facebook, website. But that’s just one of the ways to get to know us. And there’s a lot of things behind it. And we thought, Hey, why not? Let’s tell you a little bit more about us.

Follow us on Instagram if you like the lifestyle of Marbella and inspirational posts Watch our property tour videos in the best villas of Marbella

First of all, what you need to know is that any property prices that you see no matter where the brochures on the internet or anywhere else, it’s all net price to the vendor, and the purchase taxes and costs go on top of that price. And most of them are paid by the buyer, unfortunately, so if you don’t want to get into details, you have to keep in mind something around 13% on top of any price that you see anyway. So if that’s the case you can stop reading this blog, you’ve got the main information there but if you want to get into details, let’s get to it.

Property taxes in Marbella

All these taxes and costs will be calculated on the basis of the purchase price, the location of the property – municipality, and its size and cadastral value. Let’s break it into different parts. You’ve got taxes and costs related to the property itself, and then you got taxes related to the owner…

The British in Spain after Brexit

Brexit is now a reality. Since the start of 2021, the British have definitively lost their status as EU citizens and are considered as third-country nationals. This means that the general immigration regime regulations will apply to them, without prejudice to the possibility that at some point a special mobility regime may be agreed for them, which remains to be seen.

Traspaso en Marbella

Many foreigners moving to Marbella think about starting their own business. If you are thinking about opening a bar, a restaurant, a shop, B&B, parlour salon, language classes or any other business it might be a good idea to buy an existing business via traspaso.

Villa in Zagaleta, Marbella

Now you are a proud owner of a property in Marbella. You already know what expenses you will be facing. Another expense is the cost of insurance. If there is a mortgage involved, it is mandatory, and you will be obliged by many banks to insure not only the acquired property, but also your life (Seguro de vida).

Mortgages in Marbella, Spain

Many Spanish mortgages have no restrictions on purchase price or nationality, though ‘EL Pais’ informs that “Spanish banks prefer the United States and EU members. However, it is still possible for many banks to work with people from other countries, and some banks have begun specializing in operations with people from the north and east of Europe, and China.”

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Artur Loginov
Artur Loginov Sales Director