Premium 3-rums takvåning med stora terrasser i Los Pacos, Fuengirola

As a new-build property, VAT (IVA) applies at 10% rather than transfer tax (ITP), which adds EUR 84,995 to the purchase price of EUR 849,950. Notary fees are typically EUR 600 to 1,200, land registry fees EUR 400 to 800, and legal fees approximately 1% of the purchase price plus VAT (around EUR 10,200 including VAT). In total, budget for roughly EUR 97,000 to EUR 98,000 in additional costs.

Yes. Spanish banks generally lend up to 60-70% of the purchase price to non-residents, meaning a deposit of 30-40% is typically required. On EUR 849,950 that equates to roughly EUR 255,000 to EUR 340,000 upfront. Current variable and fixed mortgage rates from Spanish lenders range from approximately 3.5% to 4.5% APR, though terms vary by lender and applicant profile.

Community fees are currently registered at EUR 0 per month, though this may be updated once the development is complete. Annual IBI (council tax) figures are not yet available from the local authority, as is common with new-build properties prior to their first catastral valuation. There is no basura (waste collection) charge registered at this stage.

Yes. OceanHome offers video viewings for buyers who cannot travel to Fuengirola in person. Contact our team to schedule a live video walkthrough of the property. In-person viewings at Los Pacos can also be arranged at a time that suits you.

Fuengirola is a licensed tourist municipality and properties in the area can qualify for a holiday rental licence (Vivienda con Fines Turísticos) subject to meeting Junta de Andalucía requirements. Los Pacos attracts year-round residential demand due to its proximity to amenities and transport links. We recommend speaking to a local letting agent to assess achievable rental income before committing.

First, obtain a Spanish tax identification number (NIE), which your legal representative can apply for on your behalf. Once you agree 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) with 10% of the price usually paid at that stage. Completion takes place before a notary, at which point the remaining balance, taxes, and fees are settled and keys are handed over.