For sale · Costa del Sol · Álora
Available8-Bed Finca for Sale in Alora, Álora
€889,000
8 beds · 5 baths · 232 m² built · 7000 m² plot
Ref HT5343997Updated daily · Last sync 31 October 2026
About this property
Overview
Eight-bedroom Finca with private pool in Alora, Costa del Sol. This south-facing property spans 232 square metres across a 7,000-square-metre plot and offers immediate income potential through its established bed-and-breakfast operation. Renovated in 2022 with new water pipes, electrical systems and septic tank, the estate includes a three-bedroom main house with private terrace, a two-bedroom apartment, and three fully equipped guest rooms currently generating revenue.
The main residence features a spacious living room and kitchen alongside its three bedrooms and bathroom, whilst the separate two-bedroom unit provides a large kitchen and living area. All eight bedrooms benefit from double glazing and shutters fitted during the comprehensive renovation. The 30-square-metre terrace overlooks the mountain views that characterise this elevated position, and the private pool sits within grounds that include a 6,384-square-metre building plot with approved plans for an additional 300-square-metre residence. Five bathrooms serve the accommodation across the estate, with furniture available by separate negotiation.
The property sits in the hills above Alora, a white village known for its Moorish castle and weekly market. The centre of Alora lies 4 kilometres away, providing daily amenities, restaurants and access to the Caminito del Rey walking route. Málaga Airport can be reached in 45 minutes via the A-343 and A-357, whilst the coastal resorts of Torremolinos and Fuengirola sit 35 kilometres south. The approved building plans transfer with the sale at additional cost.
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Features
What this home includes
- Private pool
- Mountain view
- Barbecue
- Private garden
- Air conditioning
- Double glazing
- Fitted kitchen
- Guest apartment
- Storage room
- Utility room
- Fibre internet
- Near public transport
- Terrace
Property details
Specifications
- Property type
- Finca
- Subtype
- Finca - cortijo
- Bedrooms
- 8
- Bathrooms
- 5
- Built area
- 232 m²
- Terrace
- 30 m²
- Plot size
- 7000 m²
- Levels
- 1
- Condition
- Excellent
- Furniture
- Optional
- Pool
- Yes
- Orientation
- South
- Area
- Alora
- City
- Álora
- Postcode
- 29593
- Province
- Málaga
- Coast
- Costa del Sol
Location
Alora, Álora
Map shows the approximate Alora, Álora area. Exact address provided upon request. This property is in ÁloraCosta del Sol.
Embarcadero
37 mindrive
Hospital Valle del Guadalhorce
22 mindrive
Málaga Airport (AGP)
45 mindrive
9 questions answered
Buying this finca in Alora
Can foreigners buy property in Álora?
Yes. Spain places no restrictions on foreign buyers, EU and non-EU citizens can purchase freely in Álora. 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 Álora?
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.
