Costa News Spain Breaking News | English News in Spain.
Marbella’s real estate is undergoing a transformation, as home prices have become more affordable following years of steep increases. A recent report from the Costa del Sol Real Estate Agents Association has confirmed this.
Behind this change is a new regulation that limits short-term tourist rentals in popular areas like Puerto Banús and the Golden Mile. Since April 20, 2025, three-fifths or more of the residents in a building must approve new tourist rental properties. This discourages investors who are interested in buying tourist rental properties, and has led to a notable price decline.
A broader economic context is also a factor. Although mortgage rates have dropped, making them more affordable, there are still more houses for sale than buyers. In May, Spain witnessed a 54 per-cent increase in mortgages signed, but sellers in Marbella continue to be forced to lower the price or offer flexible terms in order to attract buyers. It has opened up a window for potential homeowners who can now buy properties at lower prices and get better mortgage terms. Many opt for fixed-rate loan to protect themselves against future rate increases.
Local real-estate agencies adapt to the new reality by improving their online presence and offering more personalised service. They also put transparency first. Marbella is still attractive despite the changes in the market. This is a great opportunity for buyers who are savvy to get a better deal on one of Spain’s top destinations. Experts urge caution and encourage buyers to compare options and seek professional advice to make the most out of this changing market.
