Spain remains the top holiday destination for those seeking quality of life, sunshine and stunning landscapes. With access to both sea and mountains, world-renowned cuisine, and vibrant culture and entertainment year-round, it’s no surprise that Spain also has one of the highest numbers of second residence in Europe.
More and more international investors and homebuyers are choosing Spain, especially the Costa del Sol, as the location for their second residence. And it’s not just because of its natural beauty. The relaxed lifestyle, safety, and excellent flight connections with Europe’s main capitals make it an unbeatable option.
What is considered a second residence in Spain?
When we talk about a second residence, we are referring to a property destined for a non-regular use. Typically, it serves holiday purposes, as an investment, or for occasional stays throughout the year.
For international buyers, especially non-residents, this definition is even more relevant. You’re considered a non-resident if you spend less than 183 days per year in Spain and your main economic or personal ties are elsewhere.
Requirements to buy a second residence as a non-resident
- Obtain an NIE (Foreigner Identification Number)
First of all, before you can buy property in Spain, you must apply for an NIE. You can do this at a local police station or the Spanish consulate in your country.
- Open a Spanish bank account
Second, you’ll need a Spanish bank account to manage taxes, utility bills and other property-related expenses. This is a standard procedure for international buyers.
- Hire a legal advisor or an administrator
Hiring a legal expert or administrative agency is highly recommended for non-residents in Spain. They’ll handle paperwork, tax matters and legal checks, so you can proceed with confidence.
- Sign at the notary or grant power of attorney
To complete the purchase, you must sign the deed before a Spanish notary. If you can’t be there in person, you can authorise someone with power of attorney to do it on your behalf.
Is it worth buying a second residence in the Costa del Sol?
Yes, and international buyers know it. In fact, Málaga was named the best city in the world to live in 2023, according to the Expat City Ranking by InterNations. Locals’ friendliness, quality of life, climate, leisure options and affordable housing were among the top reasons.
If you’re still wondering why investing in a second residence on the coast of Malaga, here are the reasons why:
Year-round sunshine
Over 300 days of sun a year make places like Marbella, Estepona, Fuengirola, Casares, Benalmádena and Mijas ideal for seasonal or permanent stays.
A relaxed and healthy lifestyle
From beaches and golf courses to luxury spas and fine dining, the Costa del Sol is perfect for those seeking a balance of wellbeing, work and leisure. It’s also a haven for remote workers and digital nomads.
A strong, internationally-driven property market
Our market research shows that Polish, Belgian, Dutch and British buyers dominate key areas in the Costa del Sol. Most sought-after properties fall in the €500,000 to €2,000,000 range.
High-end property options
Choose from beachfront apartments, designer villas or turnkey homes in private residential complexes. Demand is rising for properties that are move-in ready, with sea views, premium finishes and modern amenities.
Tips for buying a second residence in Spain as a non-resident
Buying a property in the Costa del Sol from abroad is easier than ever, but it still requires planning. Here are some key tips to ensure a smooth and profitable process:
- Secure your NIE first. You can’t complete the sale or open a bank account without it.
- Surround yourself with experts. A legal, tax and property advisory team experienced with non-residents is essential. At Prime Invest Club, we work with specialists who guide you through every step.
- Check the legal status of the property. Make sure there are no outstanding debts, the paperwork is up to date, and all legal documents are in order.
- Consider your financing options. While many international buyers pay in cash, Spanish banks also offer mortgages to non-residents under competitive terms.
- Explore the area (in person or virtually). Many clients start with online property tours or remote consultations. Whether it’s Marbella, Estepona, Mijas or Benalmádena, each location has its own charm.
Buy your second residence in the Costa del Sol with Prime Invest Club
For those looking to enjoy the sun, fine gastronomy, the sea and the mountains, an active lifestyle and a rich cultural scene, this region is a truly smart choice. What’s more, with predictable taxation, a mature property market and an exclusive portfolio of new developments on the Costa del Sol, buying a second residence in Spain is both a wise investment and a deeply rewarding decision.
At Prime Invest Club, we guide international buyers every step of the way, offering access to exceptional properties and personalised support to ensure a seamless purchase experience..
