€219,950
Third-Floor 1-Bedroom Apartment in El Tomillar, Vélez-Málaga
Vélez-Málaga · El Tomillar
1 bed1 bath50m²
Communal poolCommunal gardensLift+8
Properties for Sale in Vélez-Málaga
Browse 20 properties for sale in Vélez-Málaga on the Costa del Sol.
New-Build & Off-Plan
New-Build Properties in Vélez-Málaga
20 new-build properties in Vélez-Málaga
€264,950
Second-Floor 2-Bedroom Apartment in Camino Viejo de Málaga, Vélez-Málaga
Vélez-Málaga · Camino Viejo De Malaga
2 beds2 baths67m²
New buildSecond-floor apartment2 bedrooms+6
€269,950
Second-Floor 2-Bedroom New-Build Apartment, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
2 beds2 baths92m²
New buildSecond floorLift+6
€269,950
First-Floor 3-Bedroom New-Build Apartment, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
3 beds2 baths102m²
New buildFirst floor3 bedrooms+6
€273,000
Ground-Floor 3-Bedroom Apartment in Caleta de Velez, Vélez-Málaga
Vélez-Málaga · Caleta de Vélez
2 beds2 baths90m²
Communal poolCommunal gymLift+10
€274,950
Fifth-Floor New-Build 1-Bedroom Apartment, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
1 bed1 bath
New buildFifth floorLift+4
€279,950
New-Build 2-Bedroom Apartment in Centro, Torre Del Mar
Vélez-Málaga · Centro
1 bed1 bath76m²
New buildFirst floor96 m2 build+6
€289,950
Fifth-Floor 1-Bedroom New-Build Apartment, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
1 bed1 bath94m²
New buildFifth-floor apartment1 bedroom+5
€290,900
Top-Floor 2-Bedroom Penthouse in Vélez-Málaga, Vélez
Vélez-Málaga · Velez Malaga
1 bed1 bath46m²
New buildTop-floor penthouse5th floor+6
€315,700
First-Floor 3-Bedroom New-Build Apartment, Caleta de Vélez
Vélez-Málaga · Caleta de Vélez
3 beds2 baths109m²
New buildFirst floor3 bedrooms+7
€324,950
Fourth-Floor 3-Bedroom Apartment, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
3 beds2 baths99m²
New build3 bedrooms2 bathrooms+6
€339,950
Fourth-Floor 2-Bedroom Penthouse, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
2 beds2 baths128m²
New buildPrivate solariumCommunal pool+8
€359,950
Fourth-Floor 3-Bedroom Penthouse, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
3 beds2 baths115m²
New buildPrivate solariumCommunal pool+7
€359,950
Fifth-Floor 2-Bedroom Penthouse in El Tomillar, Vélez-Málaga
Vélez-Málaga · El Tomillar
2 beds2 baths104m²
New buildCommunal poolLift+9
€364,950
Top-Floor 2-Bedroom Penthouse, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
2 beds2 baths140m²
New buildFifth floorCommunal pool+5
€390,900
First-Floor 2-Bedroom New-Build Apartment, Vélez-Málaga
Vélez-Málaga · Velez Malaga
2 beds2 baths88m²
New buildCommunal poolAir conditioning+8
€399,950
3-Bedroom New-Build Penthouse, Camino Viejo de Málaga
Vélez-Málaga · Camino Viejo De Malaga
3 beds3 baths123m²
New build5th floor3 bedrooms+6
€438,000
Ground-Floor 2-Bedroom Apartment in Torre del Mar, Vélez-Málaga
Vélez-Málaga · Velez Malaga
2 beds2 baths79m²
Communal poolCommunal gymPrivate terrace+9
€516,000
First-Floor 3-Bedroom New-Build Apartment, Vélez-Málaga
Vélez-Málaga · Velez Malaga
3 beds2 baths112m²
New build3 bedrooms2 bathrooms+8
€759,500
Top-Floor 3-Bedroom Penthouse in Vélez-Málaga, Vélez
Vélez-Málaga · Velez Malaga
3 beds2 baths114m²
New buildTop-floor penthouse5th floor+8
Costa del Sol· Property Market
Why Buy in Vélez-Málaga?
Vélez-Málaga is the capital of the Axarquía, the eastern half of the Costa del Sol where mass tourism never fully arrived. The historic town sits 4 km inland beneath its Moorish fortress, while its seafront district, Torre del Mar, runs along one of the longest promenades on the coast. Next door, Caleta de Vélez pairs the Axarquía's main fishing harbour with a working marina, and the hills behind grow most of Europe's mangoes and avocados.
This is the lowest-cost new-build coastline on the Costa del Sol: apartments start at €219,950, the median across our 22 current listings is €320,000, and nothing exceeds €745,000, at about €3,530 per built m². The stock is apartments and penthouses in small modern developments around Camino Viejo de Málaga, the town centre and Caleta de Vélez. Málaga airport is 35 to 40 minutes west on the A-7.
The Costa del Sol Entry Point
New-build apartments from €219,950, median €320,000, nothing above €745,000. The lowest coastal prices on the Costa del Sol at about €3,530 per m².
Torre del Mar Promenade
A seafront paseo among the coast’s longest, backed by a real Spanish town whose shops and restaurants stay open all winter.
The Axarquía
Fishing boats at Caleta de Vélez, subtropical mango and avocado country behind, and white villages like Frigiliana and Cómpeta within half an hour.
35–40 Minutes to Málaga
The A-7 runs straight to Málaga airport and the city, and the eastern direction misses the worst of the western-coast traffic.
Market snapshot
The Vélez-Málaga property market in numbers
Vélez-Málaga currently has 20 properties for sale with OceanHome, 20 of them new-build. Asking prices for most homes run from €269,450 to €445,800, with a median of €320,325 and a typical €3,282 per m². 7 sales completed in the last 90 days, taking a median of 142 days from listing to sale, and 10% of the current listings have had their price reduced.
- For sale now
- 20
- 20 of which new-build
- Median asking price
- €320,325
- Typical range (10th–90th percentile)
- €269,450 – €445,800
- Median price per m²
- €3,282
- Sold in the last 90 days
- 7
- Median time to sell
- 142 days
- Listings with a price reduction
- 2
- 10%
Asking prices by band
| Type | Listings | Share |
|---|---|---|
| Under €150,000 | 0 | 0% |
| €150,000 – €250,000 | 1 | 5% |
| €250,000 – €400,000 | 16 | 80% |
| €400,000 – €700,000 | 2 | 10% |
| €700,000 and above | 1 | 5% |
By property type
| Type | Listings | Median price |
|---|---|---|
| apartment | 13 | €289,950 |
| penthouse | 7 | €359,950 |
Based on 20 live OceanHome listings and our completed sales; updated 19 October 2026.
Buying in Costa del Sol
Buyer’s Guide to Vélez-Málaga
Resale Market Overview
Vélez-Málaga is the Costa del Sol's lowest-cost new-build market: apartments from €219,950, a median of €320,000 across the 22 current listings, a ceiling under €745,000, and build prices around €3,530 per m². The stock is small apartment and penthouse developments around Camino Viejo de Málaga, the town centre and Caleta de Vélez rather than resort complexes. Buyers are mostly Spanish plus a growing northern-European contingent priced out of the western coast, and Torre del Mar's seafront economy runs all year.
Buying Costs in Vélez-Málaga
| Cost Item | Rate | Note |
|---|---|---|
| Transfer Tax (ITP) | 7% | Andalucía rate — among the lowest in Spain |
| Stamp Duty (AJD) | 1.2% | Only on new-build; not payable on resale |
| Notary Fees | 0.5–1% | Scaled by purchase price |
| Legal Fees | 1–1.5% | Independent lawyer strongly recommended |
| Land Registry | 0.5–1% | Registro de la Propiedad inscription |
| NIE Application | €10–15 | Foreigner ID number — required before purchase |
| Estimated Total Costs | 10–12% | On top of the purchase price |
Non-resident buyers can typically obtain a mortgage for 60–70% LTV from Spanish banks. Budget 2–3 months for the full NIE → lawyer → notary → registry process.
Investment & Rental Potential
Yields of 5 to 7% gross are achievable on stock within walking distance of Torre del Mar, supported by Spanish domestic summer demand that books early and cancels rarely. Winter lets to northern-European long-stayers are an established pattern on this stretch. The appreciation case rests on the eastern coast's catch-up: prices remain 30 to 40% below the western Costa del Sol for equivalent beachside quality.
Insider Tip
Judge walking distance to Torre del Mar's promenade on foot, not on the map, since crossing the old N-340 shapes letting appeal. Caleta de Vélez offers marina frontage at prices no western marina town can approach. The long-discussed coastal rail extension for the Axarquía would reprice the whole area if it ever gets firm funding, so treat it as upside, never as part of the purchase case.
Buying in Vélez-Málaga: the questions we get asked
Read before you buy
Guides and articles about Vélez-Málaga
About Vélez-Málaga
Vélez-Málaga is the market town and capital of the Axarquía, the eastern Costa del Sol. The historic centre sits 4 km inland under a Moorish fortress, with a proper Spanish commercial life that owes nothing to tourism. Its seafront district, Torre del Mar, runs behind one of the longest promenades on the coast, and neighbouring Caleta de Vélez pairs the region’s main fishing harbour with a leisure marina.
The hills behind grow most of Europe’s mangoes and avocados, and the white villages of the Axarquía, Frigiliana and Cómpeta among them, are within half an hour. Property here costs 30 to 40% less than the western Costa del Sol, and the current new-build stock is small apartment developments rather than resort complexes.
The Basics
☀️
Climate
Summer 27–31°C · Winter 12–18°C
✈️
Airport
35–40 min from Málaga (AGP)
🌊
Beaches
Torre del Mar, Caleta, Benajarafe
⚓
Harbour
Caleta de Vélez fishing port & marina
🥭
Best Known For
The Axarquía & its promenade
🗣️
Languages
Spanish first, English understood
Things to Do
🚶
Torre del Mar Promenade
A palm-lined paseo running the length of the beach, busy with Spanish families on summer evenings and walkers all winter. The beach bars serve espetos, sardines grilled on boat spits.
🏰
The Fortress & Old Town
Climb through the historic quarter to the restored Alcazaba tower for views over the Axarquía. The Thursday market below is one of the region’s biggest.
⚓
Caleta de Vélez
The working fishing port lands the catch that supplies half the coast’s restaurants. Eat at the harbourside marisquerías, then walk the marina.
🏔️
White Villages of the Axarquía
Frigiliana, repeatedly voted among Spain’s prettiest villages, and wine-making Cómpeta are 25 to 35 minutes into the hills. The mango and avocado terraces line the whole route.
Frequently Asked Questions
Maya Kallio
Co-Founder & Business Consultant · Based in Torrevieja since 2018
Maya founded OceanHome and oversees operations across 40+ properties on the Costa del Sol. Every tip in this guide comes from years of first-hand experience helping guests from all over the world.
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