Located between the vibrant town of Marbella and the glamorous marina of Puerto Banús, The Golden Mile is not just a location. It is a global property phenomenon. With average property prices now exceeding €1.5 million and surging demand from international investors, it is no surprise this luxurious stretch of Costa del Sol coastline continues to attract high-net-worth individuals and discerning buyers.
If you have been dreaming of owning a beachfront property in Spain, or you are eyeing a strong investment in Marbella luxury homes, this is your opportunity. Whether you are a first-time buyer, seasoned investor, or retiree looking to enjoy a premium coastal lifestyle, this comprehensive guide will walk you through everything you need to know about buying property on The Golden Mile in 2025. From current market trends and legal considerations to lifestyle benefits and viewing tips, this article is designed to help you make confident, informed decisions.
Why The Golden Mile Is a Prime Location in 2025
The Golden Mile occupies a strategic position along the Mediterranean coastline, offering close proximity to both Marbella Old Town and Puerto Banús. This prime location provides residents with easy access to high-end shopping, world-renowned restaurants, yacht marinas, and entertainment venues, all within a short drive or pleasant walk.
What sets The Golden Mile apart is not only its luxury but also its unmatched blend of natural beauty and urban convenience. Palm-lined boulevards, expansive beaches, and panoramic sea views create an idyllic setting for both full-time living and holiday retreats. The area is also known for its high concentration of five-star resorts and luxury landmarks such as the Marbella Club Hotel and Puente Romano.
International demand has grown steadily, driven by the area's global reputation and consistent appreciation in property value. With limited land for new development and increasing interest from overseas buyers, properties on The Golden Mile are seen as both lifestyle upgrades and stable long-term investments.
Types of Properties Available on The Golden Mile
The Golden Mile offers a variety of high-end property options to suit different lifestyles and investment goals. Beachfront villas are among the most prestigious, often featuring private access to the sea, landscaped gardens, and stunning views of the Mediterranean. These homes typically offer spacious layouts, modern amenities, and exceptional privacy.
Luxury apartments are also highly sought after, especially within gated communities. These residences offer 24-hour security, concierge services, swimming pools, gyms, and beautifully landscaped communal areas. They are ideal for buyers seeking convenience, security, and a community-oriented lifestyle.
Buyers can choose between gated communities and standalone properties. Gated communities offer enhanced security and often attract families and retirees who value peace of mind and shared facilities. Standalone homes, on the other hand, provide greater independence and often include larger plots and more private outdoor space.
The eastern section of The Golden Mile is more established, characterised by traditional Andalusian-style homes and mature neighbourhoods. The western end, closer to Puerto Banús, features more modern developments with sleek, contemporary designs and smart home technologies. This range allows buyers to choose between timeless charm and cutting-edge sophistication.
The Property Buying Process in Spain
Buying property in Spain involves several key steps, especially for foreign buyers. The first requirement is obtaining a Número de Identificación de Extranjero (NIE), which is a foreign identification number used for all legal and financial matters.
Spanish banks offer mortgage options to both residents and non-residents. In 2025, interest rates for non-residents typically range from 2.5 to 3.5 percent, depending on financial background and loan structure. It is advisable to compare rates and consult with a mortgage adviser to secure the best deal.
Engaging a qualified solicitor and a notary is essential. The solicitor ensures all documentation is in order, checks for outstanding debts or planning issues, and assists with contract negotiation. The notary oversees the final signing and ensures the transaction complies with Spanish law.
Taxes and fees should also be taken into account. For resale properties, buyers must pay the Impuesto de Transmisiones Patrimoniales (ITP), which is generally between 7 and 10 percent. New-build homes are subject to 10 percent VAT (IVA), along with a stamp duty of around 1 to 1.5 percent. Notary and registration fees usually total 1 to 2 percent of the purchase price.
Investment Potential and Market Trends
Property values along The Golden Mile have shown strong and steady growth over the past decade. This appreciation is driven by limited supply, a highly desirable location, and a high level of demand from both domestic and international buyers.
Rental yields in the area are favourable. Short-term holiday lets are especially profitable during peak seasons, thanks to Marbella's appeal as a luxury destination. Long-term rentals provide stable income and are increasingly popular with expatriates, digital nomads, and families relocating to Spain.
In 2025, the outlook remains positive. Analysts expect prices to continue rising, albeit at a slightly more moderate pace, due to continued interest from European, Middle Eastern, and North American buyers. Areas near iconic landmarks such as Puente Romano and the Marbella Club are expected to outperform the wider market due to their enduring prestige and limited availability.
Lifestyle and Community Overview
The Golden Mile offers a lifestyle that blends luxury with tranquillity. Gated communities are common and provide residents with security, privacy, and beautifully maintained surroundings. These areas often include shared amenities such as swimming pools, sports courts, and social spaces.
Families relocating to the area will find several respected international schools, including Swans International School and Aloha College Marbella. These institutions offer British and international curricula and cater to a diverse student population.
Healthcare facilities are excellent, with access to both public and private services. Hospitals such as Hospiten Estepona and Marbella’s Quirónsalud provide comprehensive medical care.
For leisure, the area offers a range of activities including championship golf courses, beach clubs, high-end spas, and fine dining establishments. Outdoor enthusiasts can enjoy hiking, cycling, and water sports. The region’s sunny climate and scenic beauty make it an ideal place for both relaxation and recreation.
The Golden Mile is also highly accessible. Málaga International Airport is just 40 minutes away by car, offering frequent connections to major European cities. This makes it easy for residents to travel and for property owners to host visiting friends and family.
Tips for Choosing the Right Property
When buying on The Golden Mile, it is important to establish a realistic budget. This should account not only for the purchase price but also for associated costs such as taxes, legal fees, and annual maintenance.
Clarifying your priorities can help streamline the search. For some, lifestyle benefits such as proximity to the beach or a golf course take precedence. Others may prioritise rental income or long-term capital growth. Understanding your goals will guide your property selection.
Selecting a reputable property agent is crucial. Look for professionals with deep local knowledge, excellent client feedback, and experience in guiding international buyers. Agencies like Dolan Properties are particularly well-suited to assist buyers with tailored advice and access to exclusive listings.
During viewings, inspect the property thoroughly. Check the quality of construction, investigate the surrounding area at different times of day, and ask about any planned developments nearby. Be wary of properties that appear heavily staged or drastically underpriced, as these may indicate hidden issues.
Why Choose Dolan Properties?
Dolan Properties is recognised for its expertise, integrity, and client-focused approach. With years of experience in the Marbella property market, they offer in-depth knowledge of The Golden Mile and provide strategic guidance that helps clients make the right decisions.
Their track record speaks for itself, with hundreds of successful transactions and many returning clients. The firm’s reputation is built on transparency, trust, and exceptional service.
Dolan Properties provides personalised service tailored to each client’s needs. Whether you are searching for a holiday home, investment property, or permanent residence, their multilingual team ensures you feel supported and informed every step of the way.
The agency embraces modern technology, offering virtual tours, digital documentation, and video consultations. This is especially valuable for international clients purchasing remotely.
Above all, Dolan Properties offers comprehensive support from the initial search and negotiation to post-sale services such as utility registration and property management. They are more than agents; they are trusted partners in your property journey.
Legal and Tax Considerations for Foreign Buyers
Foreign buyers need to be aware of Spain’s residency and tax regulations. The Golden Visa programme allows non-EU citizens to gain residency by investing a minimum of €500,000 in Spanish property. This visa grants residency rights for the investor and their immediate family and allows travel within the Schengen Area.
Non-residents must file annual tax declarations in Spain, even if the property is not rented out. This may include taxes on imputed income. It is advisable to work with a local tax adviser to ensure compliance and optimise your tax position.
Ongoing costs such as property tax (IBI), rubbish collection, and community fees will vary depending on the location and type of property. These costs should be factored into your financial planning.
Wealth tax may also apply based on the value of your assets in Spain. Inheritance laws and taxes depend on residency status and the relationship between the deceased and the heir. Spanish inheritance laws differ significantly from those in the UK and other countries, so legal advice is essential.
It is important to conduct due diligence before purchasing, including checking zoning status, reviewing planning permissions, and confirming the property is legally registered. Rustic and urban land have different rules, and unregulated developments can pose long-term problems.
Final Steps Before Purchase
The purchase process begins with signing a reservation contract, which involves a deposit to take the property off the market. This provides a degree of commitment while legal checks are conducted.
Next comes the Private Purchase Contract (PPC), typically signed within a fortnight. This contract outlines the full terms of the transaction, including the timeline and payment structure. At this stage, a larger deposit is usually required.
The transaction concludes at the notary’s office, where the final contract is signed and the deed is transferred. The notary ensures the legality of the transaction, and the buyer officially becomes the property’s new owner.
After completion, there are several important steps. You must register the property, set up utility accounts, arrange home insurance, and notify local authorities. If the property is part of a community, you will also need to pay regular community fees and participate in owner meetings.
Frequently Asked Questions (FAQ)
Is The Golden Mile a good investment in 2025?
Yes, The Golden Mile remains one of the most desirable and stable investment zones in Spain. With its high demand, limited supply, and continued appeal to international buyers, it offers strong potential for both capital appreciation and rental income. Whether you are buying for lifestyle or profit, it provides long-term value and resilience against market volatility.
Can foreigners buy property in Marbella?
Yes. Spain welcomes foreign property buyers, and there are no restrictions on ownership for non-citizens. Buyers will need to obtain an NIE (foreigner identification number) and should engage a solicitor and notary to ensure a smooth transaction. Many professionals in Marbella specialise in helping foreign buyers, making the process relatively straightforward.
How much are property taxes in Spain?
Purchase taxes for resale properties range from 7 to 10 percent, while new properties are subject to 10 percent VAT plus stamp duty. Additional costs include notary and registration fees, annual property taxes (IBI), and community service charges. It is wise to budget an additional 10 to 13 percent of the property price for all taxes and associated costs.
What is the Golden Visa and do I qualify?
The Golden Visa is a residency scheme for non-EU investors who purchase property in Spain valued at €500,000 or more. It grants residence to the investor and their immediate family and permits free movement throughout the Schengen Zone. It is renewable and may lead to permanent residency or citizenship, depending on the duration of stay and compliance with other requirements.
Conclusion
Buying property on The Golden Mile in 2025 offers more than just bricks and mortar. It provides access to one of Europe’s most exclusive coastal lifestyles, combining elegance, security, and long-term value. With its prestigious address, luxury amenities, and solid market fundamentals, this is a location where lifestyle and investment go hand in hand.
By understanding the market, preparing properly, and choosing the right partners, you can secure a property that meets both your personal and financial goals. Dolan Properties is here to guide you every step of the way with expert advice, local insight, and personalised service.
If you are ready to explore The Golden Mile and find your ideal property, contact Dolan Properties today to begin your journey with confidence.
