New Build 3-Bedroom Penthouse in El Higuerón, Fuengirola
El Higuerón, Fuengirola · Malaga
3 Bed2 Bath218 m²Energy: G
Description
This 3-bedroom penthouse in El Higuerón occupies the top floor, with 218 m2 of interior space and 2 bathrooms. El Higuerón is a residential area within Fuengirola. The closest airport is 20 min (Málaga AGP). The price of EUR 1,110,000 works out to EUR 5,092 per square metre. The energy rating is G. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax.
Features
- Near beach
- Terrace
- Garden
- Panoramic views
Property Details
| Property Type | Penthouse |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Built Area | 218 m² |
| Floor | 3 |
| Energy Certificate | G |
| Reference | 30526456-11 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
✈️
Location
El Higuerón, Fuengirola · 36.5829, -4.5993
About El Higuerón, Fuengirola
Fuengirola is one of the most popular destinations on Spain's Costa Blanca for international property buyers. With over 300 days of sunshine per year, excellent healthcare facilities, and a large expat community, the area offers an outstanding quality of life.
Frequently Asked Questions
What are the total purchase costs?
For this new build at EUR 1,110,000, you will pay 10% IVA (EUR 111,000), stamp duty of 1.5%, notary fees around EUR 1200, land registry approximately EUR 800, and legal fees of about EUR 13,431. Total estimated costs come to approximately EUR 143,081.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 1,110,000, a 60% mortgage would be EUR 666,000, requiring a deposit of EUR 444,000. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 3515. Spanish banks require proof of income, tax returns, and a credit report from your home country.
What are the running costs?
Annual running costs for this penthouse include: IBI property tax is estimated at EUR 500-900 per year; community fees are typically EUR 40-100 per month for apartments in Fuengirola; home insurance runs EUR 200-400 annually; utility bills (electricity, water, internet) average EUR 150-250 per month. Non-resident owners also pay annual income tax (IRNR) on a deemed rental value, typically EUR 300-600 per year for a property at this price level.
How can I arrange a viewing?
Contact Aino-Kaisa Lonka to arrange an in-person viewing of this penthouse in El Higuerón. Video viewings are also available for overseas buyers who cannot visit immediately. Viewings can usually be arranged within 24-48 hours.
Is this a good rental investment?
Fuengirola has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 3-bedroom penthouse in El Higuerón can attract bookings year-round. You will need a tourist licence from the regional government. Note that rental income is subject to Spanish tax for non-residents.
What is the buying process in Spain?
The Spanish buying process starts with obtaining an NIE (foreigner identification number). After agreeing a price, you sign a reservation contract with a deposit (typically EUR 3,000-6,000). The next step is the arras contract, where you pay 10% of the price. Completion takes place at a notary, where the escritura (title deed) is signed and the balance paid. The whole process typically takes 6-10 weeks from reservation to completion.
Maya Kallio💚
The Heart of Our Operations
Co-founder of OceanHome. Helping international buyers find their dream property in Spain since 2004.
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Key Details
- Type
- penthouse
- Bedrooms
- 3
- Bathrooms
- 2
- Build Size
- 218 m²
- Energy Rating
- G
