Benefits of Buying a Resale Property on the Costa del Sol

The Costa del Sol, Spain's world-famous 'sunshine coast', has long captured the hearts of those dreaming of a life filled with golden beaches, vibrant culture, and endless sun. When searching for your perfect Spanish home, you'll encounter two main options: modern new builds and charming resale properties. While new developments have their appeal, resale homes offer a unique blend of character, value, and prime location that is hard to match. Choosing a pre-owned property means you can embrace authentic Spanish living in an established home, often getting more for your money without the long wait for construction to finish.

Why Choose a Resale Property on the Costa del Sol?

Opting for a resale home is about more than just buying a house; it's about buying into a lifestyle. These properties are woven into the fabric of their communities, offering a chance to immediately immerse yourself in the relaxed and welcoming culture of southern Spain. Let's explore the distinct advantages that make resale properties a compelling choice for so many international buyers.

Benefit 1: Prime Locations & Established Communities

One of the most significant advantages of a resale property is its location. These homes were often built when the most desirable plots of land were still available, meaning you'll find them in prime spots with stunning sea views or right in the heart of bustling towns.

• Resale homes are often situated in the most sought-after and convenient areas.
• You can immediately enjoy the benefits of mature gardens, established local shops, and authentic restaurants right on your doorstep.
• Becoming part of a welcoming, existing neighbourhood makes it easier to settle in and feel at home from day one.

Benefit 2: Unique Character and Authentic Charm

If you're looking for a home with a story and personality, a resale property is the perfect choice. These homes move beyond the uniform look of some new developments, offering unique features and a genuine connection to the region's heritage.

• Discover beautiful traditional Andalusian architecture, from whitewashed walls to terracotta roof tiles and charming courtyards.
• Each property has its own history and personality, making your home truly one-of-a-kind.
• You can avoid the 'cookie-cutter' feel of some newer complexes and find a home that reflects your individual style.

Benefit 3: Excellent Value and Proven Investment

From a financial perspective, resale properties offer outstanding value. You can often secure a larger property or a better location for your budget compared to a new build, all while making a sound investment for the future.

• Resale homes typically have a lower price per square metre than brand-new properties.
• There is fantastic potential to add significant value through renovation and personalisation.
• Buyers benefit from paying a lower property transfer tax (ITP) instead of the higher VAT that applies to new builds.

Benefit 4: Move In and Start Your Dream Immediately

Perhaps the most exciting benefit of a resale property is the immediacy. There are no construction delays or uncertainties; you can unlock the door and start living your Spanish dream right away.

• There is no need to wait months or even years for construction to be completed.
• What you see during your viewing is exactly what you get, from the views to the finishes.
• You can start enjoying the sun, the sea, and the incredible lifestyle from the moment you receive the keys.

Best Areas on the Costa del Sol for Resale Properties

The Costa del Sol is a diverse region, with each town offering a unique atmosphere. Finding the right location is key to loving your new life in Spain. Here’s a quick guide to some of the most popular areas for expats looking for resale homes.

Marbella & The Golden Mile: For Luxury Seekers

Marbella is the epitome of luxury and sophistication. If you're looking for a glamorous lifestyle with world-class amenities, this is the place to be. The resale market here is rich with incredible properties in unbeatable locations.

• This iconic destination is famous for its glamorous villas, exclusive apartments, and sprawling estates.
• Enjoy access to world-class golf courses, the famous Puerto Banús marina, and high-end designer boutiques.
• The vibrant, cosmopolitan atmosphere is present all year round, making it a lively and exciting place to live.

Estepona & Mijas: For Authentic Andalusian Charm

For those who dream of a more traditional Spanish experience, the areas of Estepona and Mijas offer a perfect blend of coastal living and authentic charm. Here, you can find beautiful homes that feel truly Spanish.

• Explore picturesque whitewashed villages (pueblos blancos) and wander through beautiful, flower-filled old towns.
• Enjoy a more relaxed pace of life with traditional tapas bars, local markets, and friendly communities.
• The property market includes charming townhouses, apartments with sea views, and rustic country homes known as 'fincas'.

Benalmádena & Fuengirola: For Families and Entertainment

These bustling coastal towns are incredibly popular with families and anyone seeking a lively atmosphere with everything at their fingertips. The infrastructure is excellent, catering to a large international community.

• You'll find fantastic amenities, including international schools, medical facilities, and long sandy beaches.
• The area is known for its lively promenades, award-winning marina in Benalmádena, and a huge variety of restaurants and bars.
• There is a great selection of spacious and affordable resale apartments and townhouses, many within walking distance of the sea.

How We Make Buying a Resale Property Simple and Safe

At Red Rose Property Spain, we understand that buying a home abroad can feel daunting. Our entire process is designed to provide you with a transparent, simple, and stress-free experience, offering expert guidance for international buyers every step of the way.

Finding Your Perfect Match

Your journey begins with us listening carefully to your dreams and requirements. We don't just sell properties; we help you find a home that perfectly matches your lifestyle and budget.

• We take the time to understand your needs to shortlist only the most suitable homes for you.
• Gain access to our extensive portfolio of over 19,000 properties across the Costa del Sol and beyond.
• We manage and arrange all property viewings to fit your schedule, making the search process efficient and enjoyable.

Full Legal and Financial Support

We ensure you are fully supported throughout the legal and financial stages of your purchase. Our network of trusted professionals is here to protect your interests and ensure a secure transaction.

• We connect you with experienced, independent lawyers who speak your language.
• Our team provides hands-on assistance with obtaining your essential NIE number and opening a Spanish bank account.
• You will receive a clear, upfront breakdown of all purchasing costs, so there are no surprises. To prepare, you can Download our free Spanish Property Buyers Guide for a comprehensive overview.

Frequently Asked Questions

Here are answers to some common questions we receive from clients interested in resale properties.

What are the buying costs for a resale property in Spain?
Typically, you should budget for 10-12% of the purchase price to cover costs. This includes the Property Transfer Tax (ITP), which varies by region, as well as notary fees, land registry fees, and legal fees.

Is it difficult for a foreigner to get a mortgage in Spain?
No, it is quite common. Spanish banks are very accustomed to lending to non-resident buyers. We can introduce you to independent mortgage advisors who can help you find the best rates and guide you through the application process.

What is an NIE number and why do I need one?
The NIE (Número de Identificación de Extranjero) is a unique tax identification number for foreigners in Spain. It is legally required for any major financial transaction, including buying property, opening a bank account, or setting up utilities.

How long does the process take to buy a resale property?
The process is usually quicker than buying a new build. Once you have an offer accepted, the transaction can typically be completed within 6 to 8 weeks, depending on the legal checks and your financing arrangements.

Are older properties on the Costa del Sol a good investment?
Absolutely. Properties in established, prime locations tend to hold their value well and have strong rental potential. Furthermore, any renovations or updates you make can significantly increase the property's value, offering an excellent return on investment.

Finding your dream home on the Costa del Sol is an exciting journey, and choosing a resale property can unlock a world of character, value, and authentic Spanish living. With the right guidance, the process can be seamless and rewarding. Our multilingual team is here to be your trusted partner, ensuring every detail is handled with professionalism and care. Start your search for the perfect resale home today.