Investing in Marbella Real Estate 2025: Constans Group’s Guide to Profitability

At Constans Group, we have spent more than a decade guiding clients across the Marbella market. Every year, the same question arises: is it still worth investing in Marbella? In 2025, our answer is a clear yes.

Marbella today is not simply a resort town — it is an international hub of lifestyle, culture, and capital growth. The city has matured into a real estate market that consistently rewards both families looking for a permanent home and investors seeking reliable returns. In this article, we want to share our perspective on why Marbella remains one of Europe’s most profitable property destinations.

Marbella 2025: A Market Built on Stability

The past decade has proven Marbella’s resilience. While many European markets slowed down, Marbella maintained a steady rhythm. Luxury villas, frontline beach apartments, and mountain estates continued to attract buyers from all over the world.

What makes Marbella unique is its diversity of demand. Buyers arrive not only from Spain, but from Northern Europe, the Middle East, and increasingly North America. This global audience means that property here is less exposed to regional fluctuations — and that is exactly what investors value.

Why Marbella Is a Profitable Investment

So why does Marbella stand out compared to other Mediterranean cities? From our experience, there are four decisive factors.

First, limited supply. The Golden Mile, Sierra Blanca, and La Zagaleta are almost fully developed. New projects are rare, and that scarcity guarantees long-term value.

Second, international demand. From golfers in Nueva Andalucía to families in Estepona and ultra-high-net-worth buyers in Benahavís, the range of buyers ensures constant activity.

Third, a favorable tax environment. Since the wealth tax was abolished in Andalucía, the region has become one of the most attractive in Europe for high-net-worth buyers. Add reduced inheritance taxes and Spain’s Golden Visa program, and the fiscal logic is stronger than ever.

And finally, lifestyle value. Marbella offers something no spreadsheet can capture: 320 days of sunshine, Michelin-starred dining, world-class golf, and international schools. It is this lifestyle that underpins demand and secures liquidity.

Rental Yields and Passive Income

One of the strongest arguments for investing in Marbella property is rental potential. Holiday rentals remain highly profitable, especially on the Golden Mile and around Puerto Banús. Villas with pools and modern apartments with sea views can achieve 6–8% gross annual yields, particularly in peak season.

Long-term rentals are also gaining traction. Digital nomads, families relocating, and retirees are creating stable demand for homes year-round. While yields are lower — around 3–4% annually — they provide reliable income with less turnover.

At Constans Group, we often advise clients on a mixed strategy: enjoying their property part of the year while generating rental income during high season. This way, your home is not just a retreat, but also a financial asset.

The Best Areas to Invest in 2025

Every client asks us: where should I buy? The truth is, Marbella offers several distinct investment landscapes.

The Golden Mile remains the benchmark. Its name alone carries international prestige, and properties here enjoy unmatched liquidity.

For rental yields, Nueva Andalucía — the so-called Golf Valley — is unbeatable. Surrounded by courses like Las Brisas and Aloha, it attracts a steady flow of golfers and families.

If privacy is your priority, Benahavís is home to Europe’s most exclusive gated communities, including La Zagaleta. These estates are scarce and command high appreciation.

For those looking at growth markets, Estepona has transformed over the last five years. With new developments and infrastructure, it offers better entry prices and strong potential.

And finally, Ojén and Mijas Pueblo represent the charm of the white villages — authentic, quieter, and still close to Marbella. For some buyers, that balance is priceless.

Taxes and the Legal Framework

For investors, numbers matter. And in 2025, Andalucía is one of Europe’s most tax-friendly regions.

• The wealth tax has been abolished, saving significant sums for high-value property owners.

• Inheritance and gift taxes have been drastically reduced.

• Spain’s Golden Visa program continues to attract investors seeking residency through property purchases above €500,000.

• And crucially, Spain imposes no restrictions on foreign buyers.

At Constans Group, we support our clients not only in finding a property, but also in structuring their purchase. We collaborate with trusted tax advisors and legal professionals to ensure every transaction is optimized.

Looking Ahead: The Future of Marbella Real Estate

What does the future hold? From our perspective, Marbella will remain an evergreen market. Infrastructure continues to improve, Málaga airport is adding new long-haul routes, and the city’s international schools attract families from around the globe.

Demand is not just seasonal anymore — Marbella has become a year-round destination. This means your investment is not tied to holiday cycles, but backed by a diverse, permanent community.

Marbella in 2025 offers what few destinations can: profitability, security, and lifestyle in one package. Whether your goal is rental income, long-term capital growth, or a home that doubles as an investment, this city delivers.

At Constans Group, we see every property as more than bricks and mortar. It is part of a strategy, a lifestyle, and a future. If you are considering investing in Marbella, our team is ready to guide you through every step — from selecting the right area to securing the strongest returns.

Your next opportunity in Marbella begins with Constans Group.