Lyxig 1-rums takvåning i El Higuerón, Fuengirola, Costa del Sol

As this is a new-build, VAT (IVA) applies at 10% rather than ITP resale transfer tax. On a price of EUR 499,000 that means EUR 49,900 in VAT. On top of that, allow approximately EUR 600–1,200 for notary fees, EUR 400–800 for land registry fees, and around 1% of the purchase price plus VAT for legal representation. Total acquisition costs typically fall between 12% and 14% of the purchase price.

Spanish banks generally lend non-residents up to 60–70% of the purchase price or valuation, whichever is lower. On EUR 499,000 you would need a deposit of at least EUR 149,700 to EUR 199,600. Current variable and fixed mortgage rates are broadly in the range of 3.5% to 4.5%, though your individual rate will depend on your financial profile and the lender. We can refer you to an independent mortgage broker with experience in cross-border lending.

Community fees are currently listed as EUR 0 per month; buyers should confirm this directly with the community administrator before exchange. The annual IBI (council tax) and refuse collection charge are not available in the listing data and must be requested from the vendor or Fuengirola town hall. The property carries an energy rating of G, so utility costs are likely to be higher than a more efficient-rated property of similar size.

Yes. We offer video viewings via WhatsApp or video call for buyers who cannot travel to Fuengirola immediately. Our local agent can walk through the property live and answer questions in real time. In-person viewings can be arranged with advance notice; please contact us to confirm availability.

El Higuerón attracts both short-term holiday visitors and longer-term residents, given its proximity to Benalmádena and the Higuerón Resort. The large build size of 302 m2 is unusual for a one-bedroom unit and could appeal to renters seeking generous living space. A tourist rental licence would be required for short-term lettings in Andalusia; eligibility and local availability of licences should be confirmed before purchase. We recommend obtaining independent rental appraisals rather than relying on projected figures.

The first practical step is obtaining an NIE (Número de Identificación de Extranjero), the tax identification number required for all Spanish property purchases. Once you have agreed terms, a reservation contract is signed and a holding deposit paid, typically EUR 3,000 to EUR 6,000, to take the property off the market. This is followed by a private purchase contract (arras or contrato de compraventa), at which point around 10% of the purchase price is usually paid. Completion takes place before a notary, at which point the remaining balance, taxes and fees are settled and the title deed (escritura) is signed.