Buy an Apartment in Marbella in 2026: Prices by Area and Tips for Foreign Buyers

If you want to buy an apartment in Marbella , the median asking price in November 2026 is €690,000, or about €5,900 per m², based on the 1,253 flats, penthouses and studios for sale in our catalogue across the municipality. The figure varies widely by area and number of bedrooms: from around €3,500/m² in Reserva de Marbella to more than €7,000/m² in Puerto Banús and the Golden Mile.

In this guide we look at what an apartment in Marbella costs by size and by area, how it compares with neighbouring towns, which costs you need to add to the price and which steps a foreign buyer follows.

How much does an apartment in Marbella cost in 2026?

Size matters more than anything else. A two-bedroom apartment, the most common type for sale, costs around €585,000; with three bedrooms the median rises to €825,000. Studios are scarce: only 15 in the whole catalogue, with a median of about €300,000.

Data: apartments, penthouses, duplexes and studios for sale in the municipality of Marbella in the EVS Property Group catalogue, November 2026. These are asking prices, not sale prices.

Apartment prices in Marbella by area

Within Marbella the price per square metre almost doubles from one area to another. This table shows the areas with at least 15 apartments for sale in our catalogue.

The most expensive areas per square metre are Puerto Banús, the Golden Mile and Sierra Blanca; the most affordable are Reserva de Marbella, Guadalmina Alta and Altos de los Monteros. Half of Marbella's apartments are listed at between €4,500 and €7,800 per m².

Which area of Marbella should you choose for an apartment?

• Puerto Banús and the Golden Mile: the marina, the shops and the beachfront between Marbella town and Puerto Banús. The most expensive and most sought-after areas for second homes and rentals.
• Nueva Andalucía: the golf valley behind Puerto Banús. It has the largest supply of apartments and prices slightly below the Marbella average.
• San Pedro de Alcántara: a town with its own year-round life, schools and services. It suits families and people moving to live here, not just holidaymakers.
• Elviria, Cabopino and the east side: residential developments next to wide beaches, quieter, with lower prices per square metre than in the west.
• Reserva de Marbella, Altos de los Monteros and Guadalmina Alta: the lowest prices per square metre in the table, often with views in exchange for relying more on the car.

Marbella compared with neighbouring towns

If your budget does not stretch to Marbella, the neighbouring coast offers similar apartments for considerably less. According to our November 2026 market report (all homes, not only apartments), Marbella has the highest price per square metre on the Costa del Sol.

Estepona and Mijas are the most common alternatives for buyers who want to be close to Marbella while paying 20-30% less per square metre. We compare every town in our guide to the best areas to buy on the Costa del Sol.

What costs are there when you buy an apartment in Marbella?

On top of the price you need to add the purchase taxes and costs. On a resale property you pay Andalusia's transfer tax (ITP), 7%, and on a new build 10% VAT plus 1.2% stamp duty (AJD). With notary, land registry and administration fees, the total is around 7.5-8% on resale and 12% on new builds.

Example: on a resale apartment at €585,000, the two-bedroom median, the ITP comes to €40,950. We break down every item in our guide to purchase costs.

How to buy an apartment in Marbella as a foreigner

A foreigner buys in Marbella under the same rules and taxes as a Spanish buyer. The usual steps are:

1. Get your NIE, the foreigner identification number required by the notary, the bank and the tax office.
2. Open a Spanish bank account and, if needed, apply for a mortgage: banks usually lend non-residents a lower share of the price.
3. Check the property: Land Registry extract, community fees and IBI arrears, licences and the condition of the development.
4. Sign the reservation and the deposit contract (arras), usually with a 10% deposit.
5. Sign the deed before a notary, pay the taxes and register the purchase at the Land Registry.

How to choose an estate agent in Marbella

Hundreds of agencies operate in Marbella and many advertise the same apartments. It pays to choose one that knows the specific area, speaks your language, shows you real prices in the development and stays with you until the notary. At EVS Property Group we work in Spanish, English and Russian from our office in Benalmádena.

Conclusion

An apartment in Marbella in 2026 starts at around €370,000 for one bedroom and easily exceeds a million in Puerto Banús or on the Golden Mile. Choosing the right area can almost halve the price per square metre. If you are looking for an apartment in Marbella, tell us your budget and we will show you what is available now.

FAQ