Buying a house in Manilva is an exciting step that will enrich your life with the sun, sea, and culture of the Costa del Sol. Whether you're looking for a permanent home, a holiday home, or an investment property, Manilva offers a wide range of options to suit various needs and budgets. In this blog post, we'll guide you through the most important aspects of buying a house in Manilva, so you can embark on this adventure well-prepared. Also check out buying an apartment in Benahavís .
Manilva is a charming municipality in the province of Málaga, located on the western Costa del Sol. The area is known for its beautiful beaches, authentic Andalusian atmosphere, and relaxed lifestyle. Unlike some busy tourist areas, Manilva has retained its traditional character, making it attractive to those seeking peace and authenticity.
The region boasts a mild Mediterranean climate with over 300 sunny days a year, ideal for outdoor enthusiasts. Manilva also boasts a rich history and culture, with numerous festivals, markets, and local events taking place throughout the year. Its proximity to both the Mediterranean Sea and inland Andalusia offers a diverse landscape and recreational opportunities.
The real estate market in Manilva is diverse and offers options for all tastes and budgets. You'll find everything from modern apartments with sea views to traditional fincas in the countryside. Prices vary depending on location, property type, and amenities. According to recent data, there are currently more than 1,800 properties for sale in Manilva, with prices ranging from €82,000 to €49,000,000.
In recent years, Manilva has experienced steady growth in both its real estate market and infrastructure. New developments and improvements to amenities have contributed to the area's appeal to both national and international buyers. This makes it an attractive time to invest in real estate in this region.
Manilva is made up of several neighborhoods and districts, each with its own unique characteristics and charm. Depending on your preferences and lifestyle, there are several areas worth considering.
La Duquesa is a popular neighborhood known for its marina, Puerto de la Duquesa. Here you'll find a vibrant community with restaurants, bars, and shops, as well as a variety of properties, from modern apartments to luxury villas. Its proximity to the marina and beaches makes it an attractive location for both permanent residents and holidaymakers.
Sabinillas is a coastal town in the municipality of Manilva. It offers a more traditional Spanish atmosphere with a beautiful promenade, local markets, and a wide range of amenities. Property options here range from apartments to single-family homes, often at slightly lower prices than in nearby areas.
Manilva Pueblo is the original village, located slightly inland. It retains its authentic Andalusian charm with narrow streets, whitewashed houses, and a relaxed atmosphere. For those seeking a traditional lifestyle, Manilva Pueblo offers a unique experience.
Buying a house in Spain differs in some respects from the process in other countries. It's important to be well-informed and follow the correct steps to ensure a smooth transaction.
First and foremost, it's advisable to hire a local real estate agent familiar with the Manilva market. An agent can help you find suitable properties, negotiate the price, and guide you through the legal process.
An important step in the purchasing process is obtaining a Número de Identificación de Extranjero (NIE) , an identification number for foreigners required for various transactions in Spain, including the purchase of real estate.
After finding a suitable property and agreeing on a price, a preliminary purchase contract, known as a Contrato de Arras , is usually drawn up. Upon signing this contract, a deposit of 10% of the purchase price is usually paid.
It's also advisable to engage an independent lawyer specializing in Spanish property law. The lawyer will conduct due diligence, including checking the title, verifying any debts on the property, and ensuring compliance with all legal requirements.
The final transfer takes place before a notary, where the Public Deed is signed and the remaining purchase price is paid. The new title deed is then registered in the Land Registry .
When buying a house in Manilva, there are various financing options available, depending on your personal situation and preferences.
Many foreign buyers choose to take out a mortgage with a Spanish bank. Terms and conditions vary, but generally, non-residents can finance up to 70% of the purchase price. It's important to note that banks have strict criteria, and the process can take time.
Another option is to obtain financing in your home country, for example, through a second mortgage on your existing home. This can be beneficial if interest rates are lower or if you have a strong credit history.
It is also possible to finance the purchase entirely with your own resources, which can simplify the process and strengthen your negotiating position.
Regardless of the financing method chosen, it's important to consider additional costs, such as notary fees, registration fees, taxes, and any real estate agent fees. These can amount to approximately 10-15% of the purchase price.
Living in Manilva offers a high quality of life with a relaxed lifestyle, beautiful natural surroundings and a welcoming community.
The local gastronomy is rich and varied, with a focus on fresh seafood, local wines, and traditional Andalusian dishes. There are numerous restaurants and tapas bars where you can enjoy the local cuisine.
For outdoor enthusiasts, Manilva offers a wide range of options, including golf at nearby courses, water sports along the coast, and hiking inland. The beaches are clean and well-maintained, ideal for relaxation and recreation.
The Manilva community is diverse, with both local residents and a growing international community. This creates a rich cultural mix and numerous social activities and events.
When buying a house in Manilva, there are several important considerations to keep in mind. Good preparation and a well-considered approach will help you avoid mistakes and ensure a smooth purchase process.
Research the market carefully:
Before buying a house, it's wise to thoroughly research the real estate market in Manilva. Explore the different neighborhoods, compare prices, and determine which type of property best suits your needs and budget. By having a clear understanding of the market, you can better assess whether a property is a good investment and avoid overpaying.
Hire a reliable real estate agent:
A local real estate agent with experience in the region can guide you through the entire buying process. A good agent knows the market, has access to exclusive properties, and can assist you with negotiations. Make sure you work with a reputable agent who is transparent about fees and contract terms.
Visit multiple homes:
It's advisable to view several properties before making a decision. Photos and descriptions online provide a first impression, but an in-person viewing allows you to truly experience the ambiance of a property and its surroundings. Pay attention to details such as the state of maintenance, the house's orientation, the noise levels, and the proximity of amenities.
Consider additional costs:
Besides the purchase price, you'll need to factor in additional costs, such as taxes, notary fees, real estate agent fees, and legal fees. Monthly expenses like community fees, property taxes, and maintenance costs can also impact your budget. Make sure you have a complete overview of all additional costs upfront so you're not faced with any surprises.
Check the legal status of the property:
It's important to have the property's legal status thoroughly reviewed by an independent lawyer. They can verify that the property was built legally, that there are no debts or mortgages on it, and that all permits are in order. Without this check, you run the risk of buying a property with hidden legal issues.
Explore financing options:
If you need a mortgage for your purchase, it's wise to research the available financing options beforehand. Spanish banks offer mortgages to foreigners, but the terms and interest rates can vary. A financial advisor can help you find the best option.
Take your time and be patient:
Buying a house is a big decision, so take your time to consider everything carefully. Don't let sellers or real estate agents rush you, and make sure you're completely confident in your choice before making an offer. Patience and a well-considered approach will ultimately lead to a successful purchase you can enjoy for years to come.
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