House Buying in Spain VS the USA

As an American home buyer, there are a variety of tools at your fingertips, such as Trulia and Zillow.

With these platforms, you have access to all the information you could ever need as an interested new home shopper. Everything from the current asking price, when it was last sold, for how much it was last sold, if it has a mortgage, with who it has a mortgage... A ton of information that sometimes may seem too public. By typing in a zip code, you can find the average prices that houses have sold for.

However, in Spain, the process is very different. Since information is not made public, home buyers do not have much information or context to be able to base their decisions on. Without this information, home buyers are left wondering if they are making a good investment or not.

It is for this reason that working with an experienced local real estate agent can pay dividends. Moreover, the home buyer has nothing to lose since there is no cost to them to ask for the help of a real estate agent when searching for a new home. The real estate agent is compensated through the seller of the property, not the buyer.

Additionally real estate agents have access to certain portals that allow them to gain a more accurate insight into the local markets economic situation.

If interested in purchasing a home in the area of Marbella in Spain, you can refer to the table below to gain an idea of estimates of the local villa prices.

Location of Villa	Average Sales Price (€)	Price per m2 (built)
Nueva Andalucia	€ 1,373,903	€ 3,673
The Golden Mile	€ 1,860,660	€ 4,041
Benahavis	€ 1,532,532	€ 3,005
The New Golden Mile	€ 753, 369	€ 2,562
San Pedro de Alcantara	€ 949,030	€ 2,603
Marbella	€ 873,720	€ 2,459

Again, there are many factors that play into determining the final price of a home.

Get in touch with our real estate team today to help you with your house search in Marbella, Spain!