For sale · Costa del Sol · Vélez-Málaga
Available1-Bed Finca for Sale in Costa del Sol East, Vélez-Málaga
€288,000€299,000
1 bed · 1 bath · 39 m² built · 12407 m² plot
Price reduced
Ref HT4780105Updated daily · Last sync 23 June 2026
About this property
Overview
One-bedroom finca in Costa del Sol East, Vélez-Málaga, Costa del Sol, set on 12,407 square metres of productive irrigated land with 900 mango trees, 350 prickly pear cacti, and 190 Muscat of Alexandria grapevines. The mango plantation comprises 650 trees already in full production, with the remaining 250 due to yield within two years.
The prickly pears produce figs annually, whilst the nine-year-old grapevines provide a steady harvest. For personal use, the land supports pomegranate, fig, orange, lemon, lime, loquat, persimmon, mandarin, pear, apple, apricot, flat peach, and nectarine trees, alongside three additional grape varieties.
The 39-square-metre cottage offers loft-style living with one bedroom and one bathroom across a single level. The compact interior provides functional space for seasonal stays or year-round rural living. The plot's irrigation classification ensures consistent water access for the established crops, which follow a regular production cycle. The land's layout accommodates both commercial cultivation and personal orchards, with clear divisions between the productive zones and residential footprint.
The finca sits near Benamargosa, approximately 8 kilometres from the village centre where local services and amenities cluster. Vélez-Málaga town lies 20 kilometres to the southwest, providing supermarkets, healthcare facilities, and transport links. The property's elevation affords open views across the surrounding agricultural valley, with neighbouring fincas maintaining similar crop patterns. The access track connects to the main road via a 400-metre unpaved lane suitable for standard vehicles year-round.
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Property details
Specifications
- Property type
- Finca
- Subtype
- Finca - cortijo
- Bedrooms
- 1
- Bathrooms
- 1
- Built area
- 39 m²
- Plot size
- 12407 m²
- Levels
- 1
- Area
- Costa del Sol East
- City
- Vélez-Málaga
- Postcode
- 29718
- Province
- Málaga
- Coast
- Costa del Sol
Location
Costa del Sol East, Vélez-Málaga
Map shows the approximate Costa del Sol East, Vélez-Málaga area. Exact address provided upon request. This property is in Vélez-MálagaCosta del Sol.
Nearest beach
10 mindrive
Puerto Deportivo Caleta de Vélez
11 mindrive
Hospital Comarcal de La Axarquía
9 mindrive
Málaga Airport (AGP)
58 mindrive
9 questions answered
Buying this finca in Costa del Sol East
Can foreigners buy property in Vélez-Málaga?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in Vélez-Málaga. You will need a Spanish NIE (foreigner tax number) before signing the title deed, plus a Spanish bank account for the transfer. The full purchase typically completes 6 to 10 weeks from signing the reservation contract.
What is an NIE and how do I get one?
The NIE (Número de Identificación de Extranjero) is your Spanish tax ID and is mandatory for buying property, opening a bank account or paying taxes. You can apply at a Spanish consulate in your home country or in person in Spain. Your lawyer can also obtain it on your behalf with a power of attorney, typically 2 to 4 weeks.
Do I need a Spanish lawyer?
Strongly recommended. An independent lawyer (abogado), separate from the agent and seller, verifies title, checks for debts and planning issues, drafts contracts and represents you at the notary. Typical fee is 1% of the purchase price plus VAT, with a minimum around €1,500.
How long does completion take?
From accepted offer to keys: 6 to 10 weeks for a resale, 30 to 45 days from reservation if no mortgage is needed. New-build off-plan completes when the development is delivered, often 18 to 36 months after reservation, with staged payments along the way.
What taxes will I pay buying a property in Vélez-Málaga?
Resale property in Andalucía: ITP (transfer tax) at 7%. New-build: 10% IVA + 1.2% AJD (stamp duty). Plus notary, land registry and legal fees of roughly 1 to 2%. Budget 10 to 13% on top of the asking price for total acquisition costs.
What ongoing costs should I expect?
Annual IBI (council tax) is typically 0.4 to 1.1% of cadastral value. Community fees on apartments and gated villas range €100 to €600/month depending on amenities. Non-resident owners pay an annual income tax based on cadastral value, plus utilities and home insurance.
Are agent fees paid by the buyer or seller?
In Spain the seller pays the agent commission (typically 3 to 6% + VAT), already baked into the asking price. Buyers do not pay agent fees on resale or new-build.
Can non-residents get a Spanish mortgage?
Yes. Spanish banks lend to non-residents at typical LTVs of 60 to 70% of the lower of purchase price or valuation (vs 80% for residents). Rates are competitive with the rest of the eurozone. You will need 6 months of bank statements, tax returns and proof of income, pre-approval takes 2 to 4 weeks.
Should I get pre-approval before viewing?
Recommended for serious buyers. A mortgage in principle confirms your budget, signals credibility to sellers and shortens completion. We can introduce you to specialist non-resident mortgage brokers familiar with the local market.
