Question 1

What are the purchase costs on top of the asking price?

Accepted Answer

As a new build in Andalucía, this purchase carries IVA (VAT) at 10% of the purchase price plus AJD stamp duty at 1.2%. ITP does not apply. Both rates are set by the autonomous region of Andalucía. Additional costs include notary fees (typically EUR 600–1,200), land registry fees (typically EUR 400–800), and legal fees of around 1% of the purchase price plus VAT. Reduced rates and local allowances may apply if you meet this region's conditions — for example age, large-family or disability status, or buying a primary residence — worth checking before you budget.

Question 2

Can non-residents get a mortgage on this property?

Accepted Answer

Spanish lenders typically offer non-residents a loan-to-value of 60–70%, meaning a deposit of 30–40% of the purchase price is required. Current variable and fixed mortgage rates for non-residents are broadly in the range of 3.5–4.5% per annum, though individual offers vary by lender and applicant profile. We can refer you to independent mortgage brokers with experience in cross-border financing.

Question 3

What are the ongoing running costs?

Accepted Answer

Community fees for this development are currently zero. IBI (annual council tax) and basura (refuse collection charge) figures have not yet been confirmed for this new-build property — your solicitor can request these from the Benalmádena town hall once the catastro reference is registered. Budget for utility standing charges on top of consumption.

Question 4

Can I view the property remotely?

Accepted Answer

Yes. We offer video viewings via WhatsApp or video call at a time that suits you, as well as in-person viewings by appointment. For new-build developments we can also arrange a site visit with the developer's representative to view show units or the finished specification.

Question 5

What is the rental potential in this area?

Accepted Answer

Zona Centro Comercial Torrequebrada benefits from proximity to the beach, the commercial centre, and good road and transport links, generating demand from both short-stay holiday renters and longer-term tenants. New-build penthouses with parking in this zone are well positioned for the rental market. A Junta de Andalucía tourist licence is required for holiday lets; your solicitor can advise on the application process and local regulations.

Question 6

What does the purchase process look like?

Accepted Answer

You will first need an NIE (Número de Identificación de Extranjero), which is your Spanish tax identification number — obtainable at a Spanish consulate abroad or at a police station in Spain. Once agreed, a reservation contract is signed and a holding deposit paid to take the property off the market. This is followed by a private purchase contract (contrato de arras or contrato privado de compraventa) with a further stage payment. Completion takes place before a notary, at which point the balance is paid and the title deeds are signed. A Spanish conveyancing solicitor should be appointed independently before you commit to any payment.

Property Type	Penthouse
Bedrooms	3
Bathrooms	2
Built Area	143 m²
Floor	2
Energy Certificate	G
Reference	93145470-02

Second-Floor New-Build Penthouse in Zona Centro Comercial Torrequebrada, Benalmádena

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