For sale · Costa del Sol · Vélez-Málaga
Available2-Bed Finca for Sale in Costa del Sol East, Vélez-Málaga
€398,000€420,000
2 beds · 1 bath · 314 m² built · 85 m² plot
Price reduced
Ref HT5209351Updated daily · Last sync 16 July 2026
About this property
Overview
Two-bedroom finca with private pool in Costa del Sol East, Vélez-Málaga, Costa del Sol. This 314sqm property in Atalayas Bajas sits on productive agricultural land planted with 300 Osteen mango trees and 400 Verdial olive trees, giving you a working smallholding alongside a rural residence. The front porch frames uninterrupted views across the Mediterranean and inland mountain ranges.
Inside, the open-plan kitchen connects directly to the living and dining area, anchored by a working fireplace. The layout includes two bedrooms, one full bathroom with shower, and a separate pantry for storage. Outside, a private swimming pool occupies the garden, with a dedicated barbecue area positioned for outdoor cooking and dining. The estate includes its own well and water tank, providing independent irrigation for the fruit and olive groves. The plot measures 85sqm of built footprint within the larger agricultural holding.
Atalayas Bajas lies in the eastern hills above Vélez-Málaga, 8km from Torre del Mar's beachfront and marina. The working agricultural land surrounds the residence on all sides, with the mango and olive plantations forming the immediate landscape. The property operates as both a rural home and a small-scale fruit and oil producer, with the Osteen mango harvest running from late summer and the Verdial olive crop maturing through autumn and winter.
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Features
What this home includes
- Pool
Property details
Specifications
- Property type
- Finca
- Subtype
- Finca - cortijo
- Bedrooms
- 2
- Bathrooms
- 1
- Built area
- 314 m²
- Plot size
- 85 m²
- Levels
- 1
- 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 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.
