For sale · Costa del Sol · Vélez-Málaga
Available18-Bed Apartment for Sale in Costa del Sol East, Vélez-Málaga
€530,250
18 beds · 9 baths · 677 m² built · 459 m² plot
Ref HT4246246Updated daily · Last sync 23 June 2026
About this property
Overview
18-bedroom Apartment with private pool in Costa del Sol East, Vélez-Málaga, Costa del Sol. This is a development opportunity with approved planning for nine independent apartments, complete with an indoor pool and sauna facilities. The 677sqm built area sits on a 459sqm plot and requires full restoration, offering investors the chance to create a boutique residential scheme in an elevated position with commanding views across Vélez-Málaga.
The approved project includes 11 dedicated parking spaces and 11 storage rooms distributed across the development. Each of the nine planned apartments will benefit from access to the communal indoor pool and sauna area, adding leisure amenities that appeal to both permanent residents and holiday rental markets. The existing structure provides the shell and approved permissions, reducing the typical planning timeline for investors looking to enter the Costa del Sol market. The plot configuration allows for private outdoor space alongside the shared facilities.
The property occupies an elevated site in Costa del Sol East, approximately 4 kilometres from Torre del Mar beach and its seafront promenade. Vélez-Málaga town centre, with its historic quarter and weekly market, lies within a 10-minute drive. The location offers access to the Axarquía region's network of whitewashed villages and hiking routes, while Málaga airport sits 40 kilometres to the west. The approved plans include 11 storage rooms integrated into the basement level.
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Features
What this home includes
- Pool
Property details
Specifications
- Property type
- Apartment
- Subtype
- Middle floor apartment
- Bedrooms
- 18
- Bathrooms
- 9
- Built area
- 677 m²
- Plot size
- 459 m²
- Levels
- 1
- Condition
- Restoration Required
- Pool
- Yes
- Area
- Costa del Sol East
- City
- Vélez-Málaga
- Postcode
- 29700
- 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 apartment 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.
