New Build 1-Bedroom Penthouse in Las Flores, Mijas
Las Flores, Mijas · Malaga
1 Bed1 Bath262 m²Built 2008Energy: G
Description
This 1-bedroom penthouse in Las Flores occupies the top floor, with 262 m2 of interior space and 1 bathroom. The building dates from 2008. Las Flores is a residential area within Mijas. The closest airport is 20 min (Málaga AGP). The price of EUR 368,900 works out to EUR 1,408 per square metre. The energy rating is G. Parking is included. The building has a lift. As a new build, buyers pay 10% IVA (VAT) instead of transfer tax.
Features
- Communal pool
- Near beach
- Parking
- Lift
- Gymnasium
- Built-in wardrobes
- Terrace
- Gym
Property Details
| Property Type | Penthouse |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Built Area | 262 m² |
| Floor | 4 / 5 |
| Year Built | 2008 |
| Energy Certificate | G |
| Reference | 39125271-03 |
Distances & Nearby
- airport
- 20 min (Málaga AGP)
✈️
Location
Las Flores, Mijas · 36.5368, -4.6421
About Las Flores, Mijas
Mijas 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 368,900, you will pay 10% IVA (EUR 36,890), stamp duty of 1.5%, notary fees around EUR 900, land registry approximately EUR 650, and legal fees of about EUR 4,464. Total estimated costs come to approximately EUR 48,438.
Can I get a mortgage?
Non-resident buyers can typically borrow up to 60-70% of the purchase price. For this penthouse at EUR 368,900, a 60% mortgage would be EUR 221,340, requiring a deposit of EUR 147,560. At current variable rates around 4%, monthly repayments over 25 years would be approximately EUR 1168. 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 Mijas; 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 Marco Elsinger to arrange an in-person viewing of this penthouse in Las Flores. 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?
Mijas has strong holiday rental demand, particularly from Northern European visitors during the winter months and Spanish tourists in summer. A 1-bedroom penthouse in Las Flores 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.
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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
- 1
- Bathrooms
- 1
- Build Size
- 262 m²
- Energy Rating
- G
