Investments
Buying a New Home in málaga
Your new life under the Spanish sun STARTS here
Thinking about buying a property in Málaga or the Costa del Sol?
Whether it’s your first home, a sunny getaway, or an investment, this guide walks you through the process of buying a new development in southern Spain — step by step, with everything you need to know.
Your Easy Guide to Buying a New Home in Málaga, Spain
Why Buy in Málaga?
– Sunshine & Lifestyle: Málaga enjoys over 300 days of sunshine a year, beautiful beaches, outdoor dining, and a relaxed pace of life — perfect for holidays or full-time living.
– High-Quality New Homes: The region is full of modern, well-designed new builds with great features like pools, gyms, and smart layouts.
– Strong Demand & Growth: Málaga has seen steady demand from international buyers and locals alike, making it a smart choice for rental income or long-term investment.
– Excellent Connections:You’re just minutes from Málaga International Airport, high-speed trains, and well-maintained roads — ideal for travel and mobility.
Why Choose a New Development?
– Modern, Energy-Efficient Living: New builds meet the latest standards and offer great insulation, lighting, and materials — reducing bills and maintenance.
– High Peace of Mind: New homes come with up to 10 years of structural warranty, plus guarantees for fixtures and finishes.
– Great Amenities: Most developments include pools, gardens, gyms, spas, co-working spaces, social clubs, parking, and 24-hour security.
– Payment in Stages: If buying off-plan (under construction), you pay in instalments over time — making it easier to manage finances.
– Customisation: Early buyers can choose materials, finishes, or upgrades to personalise the home.
What Are the Costs and Taxes?
When buying a new build in Andalucía, expect these additional costs:
– 10% VAT (IVA) on the property price
– 1.2% Stamp Duty (AJD)
Notary, legal, and registration fees: around 2%
-Total costs = approx. 10–13% extra on top of the price
Financing? Spanish banks usually offer up to 70% mortgage for non-residents. We can help you connect with trusted mortgage brokers.
What Documents Do You Need?
To buy your property, you’ll need:
– Passport
– NIE (Número de Identificación de Extranjero) – a Spanish tax ID
– Proof of funds
– Spanish bank account for payments and utilities
A lawyer (highly recommended for contract and legal checks)
Simple Steps to Buy Your Property
- Plan your Budget
- Choose the Right Property
- Reserve the Property
- Hire an Independent Lawyer
- Sort Key Documents Early
- Sign the Purchase Contract
- Make Stage Payments (if off-plan)
- Complete the Sale
Include the property price plus an extra 10–13% for taxes, legal fees, notary, and registration.
Work with a local agent (like us!) who understands the market and can show you the best new developments.
Pay a small reservation fee (€6,000–€15,000) to take the unit off the market while your lawyer runs checks.
A local lawyer will protect your interests, review all contracts, and ensure all licenses and permits are in place.
You’ll need a NIE (tax ID number) and a Spanish bank account — both essential for the purchase.
essential for the purchase.
Once everything checks out, sign the private contract and pay the first instalment (approx. 30% to 40%)
Pay in agreed instalments. Spanish law requires a bank guarantee to protect your payments.
Final payment is made, and the sale is completed at a notary’s office. You get the keys and become the legal owner!
Include the property price plus an extra 10–13% for taxes, legal fees, notary, and registration.
Work with a local agent (like us!) who understands the market and can show you the best new developments.
Pay a small reservation fee (€6,000–€15,000) to take the unit off the market while your lawyer runs checks.
A local lawyer will protect your interests, review all contracts, and ensure all licenses and permits are in place.
You’ll need a NIE (tax ID number) and a Spanish bank account — both essential for the purchase.
essential for the purchase.
Once everything checks out, sign the private contract and pay the first instalment (approx. 30% to 40%)
Pay in agreed instalments. Spanish law requires a bank guarantee to protect your payments.
Final payment is made, and the sale is completed at a notary’s office. You get the keys and become the legal owner!
Let Us Help You FIND Your Place in the Sun
We specialise in new developments across Málaga and the Costa del Sol. Whether you’re looking for a modern holiday apartment, a smart investment, or your new home in Spain, we’re here to guide you from start to finish.
Reach out anytime — we’ll make it easy.
