Новая квартира с 3 спальнями в Лас-Лагунас-де-Михас, Коста-дель-Соль

As a new-build property in Andalusia, you pay IVA at 10% rather than ITP. On a price of EUR 501,900 that equates to approximately EUR 50,190 in VAT. Additional costs include notary fees (EUR 600–1,200), land registry fees (EUR 400–800), and legal fees of around 1% of the purchase price plus VAT, which adds roughly EUR 6,023. Budget for total acquisition costs of around 12–13% on top of the purchase price.

Non-resident buyers can typically borrow up to 60–70% of the purchase price from Spanish lenders, meaning a deposit of 30–40% is required. On EUR 501,900, that deposit would be between EUR 150,570 and EUR 200,760. Current variable and fixed mortgage rates from Spanish banks are broadly in the range of 3.5–4.5%. We recommend speaking to an independent mortgage broker before reserving.

Community fees are currently listed as EUR 0, though buyers should verify the final figure with the developer as the building is new and service charge budgets may not yet be set. IBI (council tax) has not been assessed yet for this new-build property. Once assessed, IBI for an apartment of this size in Mijas typically falls in the range of EUR 300–600 per year, though the actual figure will depend on the final cadastral valuation.

Yes. OceanHome can arrange a video viewing via WhatsApp or video call at a time that suits you, with one of our agents walking through the property and the development in real time. In-person viewings at the Las Flores development can also be arranged with 48 hours' notice.

Las Flores is within the Mijas Costa area, which falls under the Andalusia tourist licence framework. New-build apartments in this zone are eligible to apply for a Vivienda con Fines Turísticos (VFT) licence, subject to meeting regional requirements. The proximity to Fuengirola and Málaga Airport makes short-term holiday letting a viable option. We recommend confirming licence eligibility with your legal adviser before purchase.

The first step is obtaining a NIE (Número de Identificación de Extranjero), the tax identification number required for all property transactions in Spain. Once you have agreed to proceed, a reservation contract is signed and a deposit (typically EUR 3,000–6,000) is paid to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), where a further deposit of around 10% is paid. The transaction completes at a notary, where the title deed (escritura) is signed and the balance is transferred.