How to Buy Property in Málaga: A Complete Guide for Foreign Buyers

By Vivi Real Estate | 1 de April de 2025 |

If you're dreaming of a sun-soaked home in southern Spain, you're not alone—many international buyers are setting their sights on the Costa del Sol. And one of the most popular destinations in the region? Málaga. Known for its Mediterranean charm and growing real estate market, Málaga has become a prime location for those interested in property investment Costa del Sol offers—whether it's a vacation home, a rental property, or a long-term relocation. Whether you’re searching for a vacation home, investment property, or planning to relocate, buy property in Málaga can be a smart move. But the process involves more than just falling in love with a Mediterranean view.

This guide will walk you through everything you need to know about buying property in Málaga as a foreigner—step-by-step.

Why Buy Property in Málaga?

Málaga offers the perfect mix of warm weather, beach access, vibrant culture, and growing economic development. It’s one of Spain’s fastest-growing cities and a key destination for digital nomads, retirees, and holidaymakers alike.

Key benefits of buying in Málaga:

• Great value for money compared to other major European cities
• High rental demand year-round
• Excellent healthcare, infrastructure, and international schools
• Access to a well-connected international airport
• Rich history, art, and food scene
  

Whether you're looking for a luxury villa in the hills, a beachfront apartment, or a cozy home in the historic city center, Málaga has something to suit every lifestyle and budget.

Can Foreigners Buy Property in Spain?

Yes—Spain has no restrictions on foreigners buying property. In fact, Spain actively welcomes foreign buyers and investors. Whether you're an EU citizen or from outside the EU, you have full ownership rights.

The only requirement is to obtain a NIE (Número de Identificación de Extranjero)—a foreigner identification number used for all legal and financial transactions in Spain.

Step-by-Step Guide to Buying Property in Málaga

Let’s break the process down so you know exactly what to expect.

1. Set Your Budget (Include All Costs)

In addition to the property price, factor in the extra costs, which typically amount to 10–13% of the property price. These include:

• Property transfer tax or VAT (IVA)
• Notary fees
• Land registry fees
• Legal and agent fees

If you're financing the purchase with a mortgage, also include bank-related costs and mortgage setup fees.

2. Get Your NIE Number

Before you can legally buy, sign contracts, or pay taxes, you’ll need to get an NIE number. You can apply for it in Spain or through a Spanish consulate in your home country.

3. Choose the Right Area in Málaga

Málaga is diverse, and each neighborhood offers something different:

• Centro Histórico – Great for walkability, history, and culture
• El Limonar – An upscale residential area
• Pedregalejo – A charming beachside neighborhood popular with expats
• Teatinos – Modern, family-friendly area with new developments

Your choice will depend on your goals—living full-time, renting out, or investing for long-term capital growth.

4. Work with a Local Real Estate Agent

A trustworthy real estate agent can make the process significantly easier. They help you:

• Identify the best properties within your budget
• Negotiate price and terms
  
• Liaise with sellers and legal professionals
  

Choose an agent who knows the local market and has experience working with foreign buyers.

5. Hire a Spanish Property Lawyer

A lawyer ensures all legal aspects are covered:

• Verifies property ownership and land registry status
• Ensures there are no debts, charges, or urban planning issues
• Reviews contracts before signing
• Coordinates the notary and registration process
  

Hiring a bilingual lawyer is highly recommended if you're not fluent in Spanish.

6. Open a Spanish Bank Account

You'll need a local bank account to:

• Transfer funds
• Pay taxes
• Cover utility bills and other ongoing costs

Opening an account is usually straightforward with a passport and NIE.

7. Make an Offer and Sign the Reservation Contract

Once you find the right property, you can make an offer. If accepted, you’ll sign a reservation contract and typically pay a deposit (usually around €3,000–€6,000) to take the property off the market.

8. Sign the Private Purchase Contract

This is a legally binding agreement between you and the seller. At this stage, you’ll pay a down payment—usually 10% of the purchase price. If you back out after this point, you may lose your deposit.

9. Finalize at the Notary and Register the Property

The final step is signing the Escritura de Compraventa (title deed) in front of a public notary. This officially transfers ownership. After signing, the deed is registered at the local Land Registry.

Additional Tips for Foreign Buyers

Get Pre-Approved for a Mortgage (If Needed)

Many Spanish banks offer mortgages to non-residents, often financing up to 60–70% of the property value. Get pre-approved before you start house hunting—it makes you a more competitive buyer.

Understand Taxes and Ongoing Costs

Owning property in Málaga comes with annual obligations:

• IBI (Property Tax)
• Basura (Waste Collection Tax)
• Community fees (if applicable)
  

You’ll also need to file a non-resident income tax return annually, even if you don’t rent out the property.

Consider Currency Exchange Strategies

Currency fluctuations can impact the total cost of your purchase. Use a currency exchange service to lock in favorable rates or reduce fees.

Why Buying with the Right Support Makes a Difference

The Spanish real estate market can be complex—especially for foreigners. Working with a trusted, local real estate company ensures a smoother experience and better results.

That’s where Vivi Real Estate comes in.

Work with Vivi Real Estate to Buy Property in Málaga with Confidence

At Vivi Real Estate, we specialize in helping international clients buy property in Málaga and the Costa del Sol. From finding the right neighborhood to handling contracts and legal steps, our experienced team supports you at every stage of the process.

Why choose Vivi Real Estate?

• Deep local market knowledge
• Bilingual support
• Transparent pricing and guidance
• Personalized property matching
• End-to-end buying assistance
  

Ready to start your journey?

Let Vivi Real Estate help you turn your dream of owning a property in Málaga into reality.

Contact us today for a free consultation or to explore available properties in Málaga.