Real Estate Marbella - Property for Sale - Short Term Rental Apartments

Rental of properties . For those wishing to visit Spain only for vacations we offer Apartments and Homes in the Costa del Sol for short and long term rental. “Short Term Rental” is an exceedingly popular way to take vacations in the Costa del Sol. Short term rental is the best alternative to hotels, especially for those who value peace and quiet, independence and privacy, as well as for whole families or groups of friends. We offer apartments around Marbella and Malaga in the Costa del Sol, nearby Golf Clubs and beautiful beaches. Perfect for sun and luxury lovers, water-sports buffs, golfers, Polo players as well as for those who just love to ride a horse in beautiful scenery. We also invite skiers and snowboarders. A short hour’s drive from Malaga takes you into the famed Sierra Nevada Mountains. In the winter you can choose between sunbathing in the beach and charging down snow-covered slopes on skis or boards.


Purchases of properties . If you are interested in purchasing a property in Spain’s Costa del Sol you are in the right place – we have many interesting, pre-selected properties in our offer. If you are searching for something unique do not hesitate to contact us – we will try to find what you are looking for. Now is the time – while the Spanish real estate market is down, to buy your piece of real estate; it is season here all year round.


Sales of Properties . If you wish to sell your property do not hesitate to assign this task to us – we cooperate locally with a number of realtors, who will be at your disposal.


Servicing of Properties . If you belong to the select group of happy homeowners with their apartment or villa in the Costa del Sol we have an offer for you too – we can assist in renting your place or to provide direct servicing and maintenance.





Tips for buying that dream property


Here are a few things to take into consideration when hunting for that place in the sun.


Location. Do you want to be near the beach, golf course, restaurants, amenities?


Budget. Prices in Spain have fallen considerably in the last few years and it really is a great time now to find that bargain property.  Some have existing mortgages which can sometimes be transferred to the new owner. And do remember to take into account the community fees, IVA, Basura (see Expenses of Ownership).


Views. Do you want sea view, or a nice view of the mountains, swimming pool. Which way the terrace faces is not just about the views but also determines the amount of sun. Do you like morning or afternoon sunshine or perhaps all day long?


Type of property.  Would you like to live in an apartment or perhaps a townhouse or villa? If an apartment is it to be ground floor or penthouse.


For holidays or permanent residence. Will this be a holiday property or for living all year round. Who will look after the property when you are not here? Many people choose to rent out there property as holiday rental and we at PandO apartments offer a full holiday letting service. To maximise rental income remember that tourists are often looking for sea views, walking distance to the beach, close to shops, restaurants and other amenities. The rental income is taxable which should be declared.




Choosing the location


What a choice! The Costa del Sol has a so many beautiful towns and villages stretching from the City of Malaga west to Gibraltar. Hugely popular holiday destinations, Torremolinos, Benalmadena, Fuengirola the Pueblo Blanco towns of Mijas, to the glitz and glamour of Puerto Banus and Marbella’s Golden Mile.


 Sunshine, beaches, superb restaurants and bars, fantastic quality shopping, golfing, relaxing. The Costa del Sol really does have something for everyone.


Benalmadena    A big town made up of 3 different areas, Benalmadena Pueblo, Benalmadena Costa and Arroyo de la Miel.  Benalmadena Pueblo is a typical beautiful Spanish village with narrow streets but still close to the main attractions o the area. Benalmadena Costa is the area that stretches from the sea front and the famous harbour Puerto Marina, several miles in both directions. Very lively in the summer  and great for those who enjoy water sports, sailing, water skiing diving, etc.Arroyo de la Miel almost a small town in itself with lovely shops and restaurants.


Fuengirola    Lovely golden beaches are really the trademark of this town. Very popular with tourists of all nationalities, and English is spoken almost everywhere.


Marbella    A fantastic combination of traditional Spanish in the beautiful Old Town of Marbella and a modern jet set life style of the rich and famous in Puerto Banus. The long Paseo Maritimo stretches the length of the Marbella coastline and is a fantastic place to enjoy an evening stroll, stopping in one of the many bars and restaurants for a coffee and tapas.



Spanish Property for Sale - Buying a property in Spain:


The Spanish legal system guarantees the legal security of property owners. Several actions have to be taken to inscribe the purchase of a property in the Land Registry, thus guaranteeing the right over the property.

There are three phases: 1.- Prior signing the title deeds before a Notary.
2.- Signing the title deeds before a Notary. 3.- After signing the title deeds.

In summary:

1.- Before signing the title deeds:

  • Obtaining the NIE.

  • Checking for any charges in the Land Registry.

  • Checking payment of the local taxes.

  • Checking payments to the resident's association.

  • Obtaining mortgages and other credits.

2.- Signing the title deeds:

  • Provide passport in force.

  • Provide NIE.

  • Written proof of payments done before the signing of the title deeds.

  • Written proof of means of payment when signing the title deeds.

  • If a non-resident foreigner, a bank certificate showing the origin of the money.

  • The vendor must provide a resident's association certificate.

  • The vendor must provide the last receipt of the local tax payment.

3.- After signing the title deeds:

  • Withdrawal of the title deeds from the Notary Office.

  • Tax settlement is required in a maximum of 30 days from the day the title deeds are signed.

  • Presentation and register of deeds in the Property Registry Office.

  • Communicate the property register the change of name of the property.

  • Communicate the Community of Owners of the change in ownership.

  • Hiring of supplies.

4.- Expenses:

  • Notary.- Approximately 0,25% of the sale price.

  • Registry.- Approximately 65% of the notary expenses.

  • Lawyers.- Their intervention is not obligatory and is usually 1% of the price, plus VAT.

1. Procedures before signing the title deeds:

In the case the buyer is a foreigner non resident in Spain, a resident card must be issued, even if their residence is in a European Union (EU) country, and he must be registered in the Spanish Treasury, paying taxes in Spain as a resident. In addition, he must have a passport in force when signing the deeds and the Foreigner Identification Number (NIE), document that has to be applied for at the local Police Station of the area in which the property is situated.

The NIE is an administrative control number issued by the Home Office, essential to pay the taxes inherent to the purchase of the property. The NIE has to be applied for directly by the interested person, or by a representative specially authorized through a power of attorney granted abroad, as the ones granted in Spain are not admitted to apply for the NIE in the name of the interested person. As well as the specific form, the following documents should be presented to apply for the NIE; the original and a copy of the power of attorney if it is applied for through a representative, the original and a copy of the passport (being valid either a consular or a notary copy) and a copy of the document that proofs why the person interested is applying for a NIE, which in this case would be the private purchase contract, however, if the person is from the EU there is no need to provide the copy of the contract.

If the buyer is a foreign company, a CIF (company registration number) should be provided to purchase a property, with no significant differences in respect to a single person buying a property. The most significant one will be the possibility to decide regarding the application of VAT when the company sells the property owned, if both parts agree and it is of interest to both, for which each case should be studied separately.

Before signing any documents that may link us to the property, we have to assure there are no pending charges, for which we should request a certificate from the Land Registry (Nota Simple Informativa) where the property is registered, providing Volume, Book, Sheet and number of the plot. If the property is of new construction and the contract is signed before the individualization of the different apartments, you will only be able to request the information of the plot where the promotion is being built, to know of any existing charges that the apartments or plots could inherit in the future.

It is advisable to check if the property is subjected to the payment of community fees, if there are any due and have been paid (generally this is not the case in properties of new promotion), as well as the corresponding payments to the Town Hall, to assure there are no debts in the Property Tax, Rubbish Collection Rates or any other rate or tax set by the Town Council.

The corresponding procedures should be done to obtain mortgages or other credits, if needed to finance the purchase of a property.

It is necessary to sign, prior to the title deed, a contract of sale and purchase, of call option or of deposit, where the price is established, the property bought is settled and the conditions (deadline for title deeds, distribution of expenses,...), clearly stating if VAT has to be added to the price, as in the case of newly built properties, and the applicable rate according to the type of the property and its characteristics.

2.- Signing of title deed by Notary

This phase consists in signing the title deed before a Notary, allowing us to register the property in our name. The stated document has to include the conditions agreed for the sale and the following documentation must be presented to attach to the title deed:

  • Valid passport.

  • NIE.

  • Proof of the payments made before the signing of the deeds, to certify its real existence, legal obligation set to avoid money laundering.

  • Written proof of the means used for the payments made when the deeds are signed (cheques, bills of exchange, promissory notes, bank transfers, mortgages, ...).

  • In the case of being a non-resident foreigner, including an EU citizen, proof of the origin of the total funds used in the purchase should be presented, both in payments prior to the signing and when the deeds are signed. The bank that has received the funds must certify its origin from a non resident account, to whom they have been credited to and the property involved, identifying it (certificate of investment).

  • The vendor must provide the last receipt of the property tax payment (IBI), with an expired paying date, clearly showing the property reference at the Land Registry.

3. - After signing the title deeds.

Independently from the fiscal obligations of the vendor, who has to pay the Capital Gains Tax (Plusvalía), it is usually the buyer who runs with the legal expenses involved in the property purchase. However, both parties can previously agree a different distribution of the charges generated till the moment the purchase is registered in the Land Registry. Nevertheless, the procedures followed after the signing of the title deeds are:

  • Withdrawal of the title deed from the Notary office. The notary expenses of the purchase procedure usually represent a 0,25 % of the sale price (mortgage aside), however, they can vary depending on the number of pages of the deed, the number of sellers and buyers and on the number of properties involved.

  • Tax settlement is required in a maximum of 30 days from the date of the signing of the title deed, made payable in the Settlement Office (Oficina Liquidadora) of the Local Government (Junta de Andalucía) situated next to the Land Registry Office where the property is located, having to pay:
    a 1% of the purchase price in properties with added VAT (AJD);
    a 7% of the price in properties with no added VAT (ITP);

  • Presentation and registration of deeds in the Land Registry Office where the property is located. The registry expenses are approximately a 65 % of the notary expenses.

  • Communication at the Land Registry Office of the change in ownership of the property.

  • Communication to the Community of Owners of the change in ownership.

  • Hiring of supplies.

The lawyer's fees, in the case this service is used, usually involve a 1% of the purchase price plus VAT, however, these fees are variable, and so a previous agreement of the total amount for the entire transaction is recommended.






Real Estate Marbella - Property for Sale - Short Term Rental Apartments in Malaga