For sale · Costa del Sol · Vélez-Málaga
Available5-Bed Finca for Sale in Costa del Sol East, Vélez-Málaga
€499,000
5 beds · 2 baths · 136 m² built · 136 m² plot
Ref HT4564216Updated daily · Last sync 23 June 2026
About this property
Overview
Five-bedroom finca in Costa del Sol East, Vélez-Málaga, Costa del Sol, set on 15,000 square metres of southwest-facing countryside. Built in 2006, the 136-square-metre residence combines traditional Andalusian architecture with modern living standards across two bathrooms and five bedrooms that capture natural light throughout the day. The generous plot offers space for cultivation, outdoor entertaining, or equestrian facilities.
Inside, the layout provides practical family accommodation with two full bathrooms serving the five bedrooms. The southwest orientation floods the living areas with afternoon sun, whilst the 136 square metres of built space includes a kitchen, living room, and bedrooms designed for year-round comfort. The property sits in good condition with traditional features intact, including exposed beams and terracotta flooring typical of rural Axarquía construction.
The finca occupies elevated terrain in Sayalonga, a whitewashed village 4 kilometres north of Algarrobo Costa on the eastern stretch of the Costa del Sol. Vélez-Málaga town centre lies 15 minutes by car, providing supermarkets, medical facilities, and the Thursday street market. The coastal N-340 motorway connects to Málaga Airport in 45 minutes, whilst the nearest beaches at Torre del Mar sit 20 minutes downhill. The surrounding Axarquía countryside supports almond and olive cultivation, with mountain trails accessible directly from the property boundary.
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Property details
Specifications
- Property type
- Finca
- Subtype
- Finca - cortijo
- Bedrooms
- 5
- Bathrooms
- 2
- Built area
- 136 m²
- Plot size
- 136 m²
- Levels
- 1
- Condition
- Good
- Orientation
- southwest
- Area
- Costa del Sol East
- City
- Vélez-Málaga
- Postcode
- 29752
- 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.
