How much does it cost to build a house in Marbella?
In response to the high demand of new homes, Marbella’s established real estate market has expanded significantly, offering an unparalleled selection of villas. While fully renovated classic Andalusian luxury villas cater to traditional preferences, a strong wave of technologically advanced and contemporary properties set in private gardens cater to nowdays tastes. But, how much does it cost to build a house in Marbella?
Many of our clients were wondering whether it is more profitable to build a home from scratch by custom designing it or to buy an old property and adapt it to their needs. Taking into account the current situation and the recent price increases in both building materials and plots and in the fees of the various professionals and licenses and taxes needed to complete the project. To design, build and equip a bespoke luxury villa in Marbella with gardens and swimming pool, technical installations and furnishings currently costs around five million euros (including the plot of land) but it will vary depending on the level of customization.
On average, the cost to build a luxury villa in Marbella ranges from €2,500 to €4,500 per square meter for construction alone. However, this figure can escalate substantially depending on the complexity of the design, the quality of materials chosen, and the inclusion of premium features such as infinity pools, home automation systems, and landscaped gardens.
Property Investment in Marbella
Investing in a property in Marbella isn’t just about acquiring a piece of paradise; it’s also a wise financial decision. The city’s real estate market has shown consistent growth and stability over the years, making it an attractive option for savvy investors.
Plot Location.
The cost of land acquisition in Marbella’s prime residential areas, such as the Golden Mile or Sierra Blanca, can also significantly impact the overall project budget. Prices for land in these exclusive neighborhoods can range from a million to several million euros per plot, depending on factors such as size, location, and views.
Cost to build a Medium-sized bespoke house in Marbella.
The total cost of the operation can be increased or reduced depending on the the size of the property, quality of the materials chosen, or the extras added during the process. Taking into account the current market situation, the price for the construction of a 600 m2 build luxury villa is around 2 million euros.
it’s essential to factor in expenses such as architectural and engineering fees, permits, taxes, and utilities. These ancillary costs can add another 10% to the total project budget. As for the interior design of a luxury villa, the design project costs around 35,000 euros, high-end furniture ranges from 500,000 to 600,000 euros and the designer kitchen usually costs around 60,000 to 70,000 euros on average.
Most of these luxury villas operate with intelligent home automation systems that allow their owners to manage areas such as lighting, temperature, music and security from app in their phones anywhere in the world. Equipping a home of these characteristics with Smart Home technology systems costs around 475,000 euros.
The electrical system costs around 80,000 euros in addition to other installations such as air conditioning (200,000 euros), underfloor heating (85,000 euros) and intelligent lighting inside and outside the property (120,000 euros).
The landscaping project to design a tailor-made garden costs around 5,000 euros, creating the green areas is around 50,000 euros and the construction of a swimming pool can reach 250,000 euros for the top tier ones.
While building a luxury villa in Marbella demands a considerable financial commitment, the result is a bespoke residence that epitomizes elegance, sophistication, and exclusivity, offering homeowners the ultimate in Mediterranean living.
We at LuxuryForSale.Properites engineers team and partners know that your successful property search means connecting you with your goals and achieving what you have strived for. We have all Marbella and its surrounds firmly in our sights, delivering in up to several languages.