Buying Property in Benahavis Spain: Nestled in the hills of the Costa del Sol, Benahavis is a hidden gem that attracts property buyers from all over the world. Known for its picturesque landscapes, stunning villas, and proximity to some of the best golf courses and beaches in Spain, Benahavis offers a unique blend of tranquillity and luxury. Whether you’re looking for a holiday home, a permanent residence, or a lucrative investment opportunity, Benahavis offers a range of properties to suit your needs.
This guide delves into everything you need to know about buying property in Benahavis, from the types of homes available and legal processes to tips for making the most out of your investment.
Why Buy Property in Benahavis?
Before diving into the buying process, it’s essential to understand why Benahavis has become a sought-after destination for property investment.
1. Buying Property in Benahavis Spain: Prime Location
Benahavis is strategically located just a short drive from Marbella, Puerto Banús, and Estepona. This means you can enjoy the peace and tranquillity of a small Andalusian village while being close to bustling coastal towns. The region boasts stunning views of both the Mediterranean Sea and the surrounding mountains.
For golf lovers, Benahavis is heaven. The village is home to some of the best golf courses in Spain, including La Zagaleta, Los Arqueros, and Atalaya Golf & Country Club. Many properties offer direct access to these courses or breath-taking views.
2. Buying Property in Benahavis Spain: Scenic Beauty and Nature
Benahavis is renowned for its lush green hills, rivers, and nature trails. The Guadalmina River cuts through the area, creating dramatic gorges and natural pools. Nature lovers can enjoy hiking, canyoning, and bird watching right on their doorstep. The town itself retains much of its traditional Andalusian charm, with whitewashed houses and winding cobblestone streets.
3. Buying Property in Benahavis Spain: Luxury Living
Over the years, Benahavis has developed a reputation as a hub for luxury real estate. The area is home to some of the most prestigious gated communities in Spain, including La Zagaleta, El Madroñal, and Marbella Club Golf Resort. These exclusive enclaves offer high-end villas, mansions, and estates, often with private pools, expansive gardens, and world-class amenities such as spas and golf courses.
4. Buying Property in Benahavis Spain: Expat Community and Lifestyle
Benahavis has a sizable international community, particularly among British, Scandinavian, and German expatriates. As a result, the village has developed a cosmopolitan vibe without losing its Andalusian roots. You’ll find a variety of restaurants, including those serving international cuisine, but Benahavis is particularly famous for its fine dining. The village is often referred to as the “dining room of the Costa del Sol” thanks to its abundance of gourmet restaurants.
5. Buying Property in Benahavis Spain: Stable Real Estate Market
Despite the ups and downs in global property markets, Benahavis remains one of the most stable real estate markets in Spain. Property prices in Benahavis have generally trended upwards, making it a safe bet for investors. The combination of limited development (due to the region’s focus on preserving nature), luxury offerings, and demand from both foreign and domestic buyers keeps the market buoyant.
Types of Properties Available in Benahavis
When buying property in Benahavis, you’ll encounter a variety of options, from luxury villas and mansions to modern apartments and townhouses. Here’s a breakdown of the main property types:
1. Buying Property in Benahavis Spain: Luxury Villas
Benahavis is synonymous with high-end villas. These homes often feature modern or Mediterranean architecture, large plots of land, and top-tier amenities like private swimming pools, gyms, and cinema rooms. Many villas are located in exclusive gated communities such as La Zagaleta or El Madroñal, offering a high level of privacy and security.
Prices for luxury villas vary widely depending on location, size, and features. While a smaller, more modest villa may cost around €1-2 million, larger estates in prestigious locations can easily reach €10 million or more.
2. Buying Property in Benahavis Spain: Apartments
Not all properties in Benahavis are multimillion-euro mansions. The area also offers modern apartments, many of which are situated in luxurious complexes with communal pools, gardens, and gyms. These apartments are a great option for those looking for a second home or investment property, with prices starting at around €250,000.
Some apartment complexes are located near golf courses, offering stunning views and easy access to amenities. Popular areas for apartments include Los Arqueros and La Quinta, both known for their beautiful surroundings and top-notch facilities.
3. Buying Property in Benahavis Spain: Townhouses
Townhouses in Benahavis offer a balance between the space of a villa and the convenience of an apartment. These properties are often located in small, well-maintained communities and feature private gardens and terraces. Townhouses typically range from €300,000 to €800,000, depending on location and size.
4. Buying Property in Benahavis Spain: Plots of Land
For those looking to build their dream home, Benahavis offers the opportunity to purchase plots of land in various locations. Whether you want a secluded plot in the hills or a plot near a golf course, there are options available. However, it’s essential to understand the local building regulations and restrictions before purchasing land.
The Buying Process in Spain
The process of buying property in Benahavis, like elsewhere in Spain, involves several legal steps to ensure the transaction is secure and that you, as the buyer, are protected. Below is a step-by-step guide to the process:
1. Buying Property in Benahavis Spain: Find a Property
Begin by researching available properties in Benahavis. It’s advisable to work with a local real estate agent who understands the area and can help guide you through the process. Century 21 Benahavis, for example, specializes in luxury real estate and offers an extensive portfolio of properties in the area.
2. Buying Property in Benahavis Spain: Obtain a NIE Number
The NIE (Número de Identificación de Extranjeros) is a tax identification number that non-residents must obtain to carry out any property transaction in Spain. You can apply for this number at a Spanish consulate or directly in Spain.
3. Buying Property in Benahavis Spain: Legal Advice and Property Checks
Hiring an independent lawyer is crucial when buying property in Spain. Your lawyer will check the legal status of the property, including verifying the title deed, ensuring there are no outstanding debts or mortgages, and checking for any building restrictions or planning permissions.
It’s also essential to conduct a survey of the property, especially for older homes or those located in rural areas, to ensure there are no structural issues.
4. Buying Property in Benahavis Spain: Reservation Agreement and Deposit
Once you’ve found a property and agreed on the price, you’ll typically sign a reservation agreement and pay a small deposit (usually around 1-2% of the purchase price). This step takes the property off the market while the legal checks are carried out.
5. Buying Property in Benahavis Spain: Private Purchase Contract
After the legal checks are complete, you’ll sign a private purchase contract (Contrato de Compraventa) and pay a deposit of 10% of the property’s value. This contract outlines the terms of the sale and is legally binding for both parties.
6. Buying Property in Benahavis Spain: Final Payment and Notary
The final step is signing the deed of sale (Escritura) before a Spanish notary. At this point, the remaining balance is paid, and the property is officially transferred to your name. The notary will also register the property with the Land Registry.
Taxes and Fees When Buying Property in Benahavis
When buying property in Benahavis, it’s essential to factor in additional costs beyond the purchase price. Here’s a breakdown of the main taxes and fees:
1. Buying Property in Benahavis Spain: Property Transfer Tax (Impuesto de Transmisiones Patrimoniales)
This is the most significant tax for buyers and applies to resale properties. The rate varies depending on the purchase price but generally ranges from 8% to 10%. If you’re buying a newly built property, you’ll pay VAT (IVA) at 10% instead.
2. Buying Property in Benahavis Spain: Notary and Land Registry Fees
Notary fees are typically around 1% of the purchase price, while Land Registry fees are between 0.5% and 1%.
3. Buying Property in Benahavis Spain: Lawyer’s Fees
Lawyer’s fees are usually around 1% to 1.5% of the purchase price. It’s crucial to hire a reputable lawyer to ensure the buying process is handled smoothly.
4. Buying Property in Benahavis Spain: Ongoing Costs
After purchasing your property, you’ll need to budget for ongoing costs such as property tax (IBI), community fees (if the property is in a complex or gated community), and utilities.
Financing Your Property in Benahavis
If you’re not paying in cash, you’ll need to secure financing for your property purchase. Spanish banks offer mortgages to non-residents, although the loan-to-value ratio is typically lower than for residents, usually around 60% to 70%. Interest rates in Spain are competitive, and it’s worth shopping around to find the best deal.
To apply for a mortgage, you’ll need to provide documentation, including proof of income, bank statements, and a copy of the property reservation agreement.
Tips for Investing in Benahavis Property
Benahavis is a prime location for property investment, but like any investment, there are risks and rewards. Here are some tips for making the most out of your investment:
1. Buying Property in Benahavis Spain: Choose the Right Location
Benahavis offers a variety of locations, from secluded mountain retreats to properties near golf courses. Consider your priorities, whether it’s proximity to amenities, views, or privacy.
2. Buying Property in Benahavis Spain: Consider Rental Potential
If you’re buying a property as an investment, consider the rental market. Benahavis is popular with tourists, particularly golf enthusiasts, and renting out your property can provide a good return on investment. Luxury villas, in particular, can command high rental prices during the summer months.
3. Buying Property in Benahavis Spain: Think Long-Term
While property prices in Benahavis have remained stable, real estate is generally a long-term investment. Think about how the property fits into your long-term goals, whether it’s a holiday home, retirement property, or pure investment.
Buying Property in Benahavis Spain: Conclusion
Benahavis offers an exceptional opportunity for those looking to buy property in Spain. With its stunning scenery, luxurious lifestyle, and stable real estate market, it’s no wonder this Andalusian village has become a hotspot for property buyers. Whether you’re seeking a holiday retreat, a permanent residence, or a sound investment, Benahavis has something to offer.
By understanding the buying process, being aware of the associated costs, and choosing the right property, you can enjoy all the benefits of owning a home in one of the most beautiful and sought-after locations in Spain.
Buying Property in Benahavis Spain: How Century 21 Gibraltar Estate Agents Can Help You Buy Your New Home in Benahavis, Spain
Buying a property in a prestigious location like Benahavis, Spain, can be an exciting but complex process, especially for international buyers. Partnering with the right real estate agent can make all the difference. Century 21 Gibraltar Estate Agents offer a professional, customer-focused approach, providing expert guidance through every step of purchasing your dream home in Benahavis.
Here’s how Century 21 Gibraltar Estate Agents can assist you in making the process of buying your new home in Benahavis smooth and successful:
Buying Property in Benahavis Spain: Tailored Property Search
Century 21 Gibraltar takes a personalized approach to help you find your ideal home in Benahavis. They start by understanding your preferences, whether it’s a contemporary villa with panoramic views, a peaceful townhouse in a charming village setting, or a luxury estate in one of Benahavis’ exclusive gated communities. They consider factors such as your budget, lifestyle needs, and long-term investment goals to curate a selection of properties that suit your desires.
Their personalized service saves you time by presenting you with homes that match your specific criteria, cutting down on the overwhelming choices and focusing on what truly fits your needs.
Buying Property in Benahavis Spain: 5-Bedroom Villa For Sale in Benahavis Spain
Welcome to an extraordinary Andalusian Villa, a true paradise of luxury and refinement, where every detail has been meticulously designed for an unparalleled living experience.
With awe-inspiring views and a wealth of exclusive amenities, this property is a haven of serenity and opulence. Step into a world of indulgence as you encounter the expansive overflow swimming pool, complete with a mesmerizing waterfall and a soothing Jacuzzi.
Whether you desire a refreshing dip or a relaxing soak, the pool and Jacuzzi can be individually heated to suit your preferences, ensuring year-round enjoyment.
Inside, the villa boasts five double bedrooms, four of them exquisitely adorned with its own en-suite bathroom, offering a sense of privacy and comfort. The master bedroom is a sight to behold, featuring a large scraping turret ceiling which is load bearing so can easily be converted for into a unique additional space and a truly luxurious round Jacuzzi bath, inviting you to unwind in style.
No expense has been spared in the creation of this splendid abode. The bespoke kitchen, handcrafted by a renowned company in Ronda, is a culinary masterpiece. Italian marble graces the internal staircase and dining room columns, exuding an air of timeless elegance.
Every room is a testament to luxury and sophistication, with Italian-made curtains and furniture crafted by a prestigious company in Ibiza.
From the carefully selected fabrics to the intricate details, every element speaks of refined taste and craftsmanship.
Parking is a breeze with a secure garage that accommodates up to five cars, supplemented by a vast basement area that can easily be converted into a cinema or games room. An additional off-road driveway provides space for six more cars, ensuring ample parking for residents and guests.
Accessibility is made effortless with a lift that serves all levels, granting direct access to a well-stocked larder store for added convenience with your shopping. As you explore the property, you’ll be captivated by the sweeping rear views of the golf course, the majestic La Concha mountain, and the glistening sea. The rooftop terrace offers a vantage point like no other, boasting panoramic views that stretch from Gibraltar to North Africa.
Safety and security are paramount, with a comprehensive system in place, including video entry at the front gates and armoured glass for added protection. The entire urbanization is further safeguarded by monitored surveillance cameras and regular patrols by Cofer Security. As you arrive through the grand wrought iron gates, two majestic pineapple palm trees flank the staircase leading to the front lawn. The entrance hall sets the tone for the villa’s grandeur, leading to a spacious lounge with a functional fireplace and patio doors that open to the terrace, pool, and garden. The adjacent dining room, graced with internal marble pillars, is the perfect setting for elegant gatherings.
This villa caters to all your needs, featuring a versatile study that can be easily converted into a fifth bedroom, as well as a guest room/forth bedroom with an en-suite bathroom on the ground floor. The first floor houses three generously appointed bedrooms, each with terrace access, allowing you to savour the scenic views.
A true gem of the property is the upper roof viewing terrace, accessed via an enchanting external spiral staircase and gantry, providing an idyllic retreat to savour the breath-taking surroundings. Also providing ample space to use for solar panel installation.
This Andalusian villa is a harmonious blend of beauty and functionality, offering an unrivalled lifestyle for those seeking the finest in luxury living. Prepare to be captivated by the splendour and elegance that await within these walls
Buying Property in Spain vs. Gibraltar in 2024
