New Developments
in Mijas

The Golden Visa property-investment route closed on 3 April 2025 under Organic Law 1/2025, so purchasing real estate in Spain no longer grants residency or a long-stay visa pathway for non-EU nationals. If you are a non-EU buyer, you will need a separate residency basis, employment, non-lucrative visa (requires proof of passive income and health insurance, does not permit work), student visa, or entrepreneur visa, independent of your property ownership. You may still buy, own, rent out, and sell Spanish property as a non-resident, but ownership alone does not confer residence rights or extended stay permissions beyond the 90-in-180-day Schengen tourist allowance.

Off-plan purchases offer the widest selection of units, floor levels, and orientations, and payment is staggered across 12 to 24 months as construction progresses, which spreads cash outflows. The trade-offs are construction risk, delays, contractor issues, or specification changes, and the inability to see or walk the finished apartment before you commit. Completed units eliminate timing uncertainty, let you inspect the actual build quality and orientation, and allow immediate occupation or rental income, but inventory is limited to whatever remains unsold, and you typically pay the full balance within 30 to 60 days of signing the private contract. For Mijas, where 13 of 24 projects are under construction and two are already completed, your decision hinges on whether you prioritise selection and payment flexibility (off-plan or early construction) or certainty and speed (completed stock).

The standard sequence is: reservation deposit of €5,000 to €10,000 to hold the unit, followed within two to four weeks by a private contract requiring 20 to 30 percent of purchase price. For off-plan or early-stage projects, the remaining 70 to 80 percent is split into two or three instalments tied to construction milestones, foundation, structure, licence, with the final payment due at notary signing when you take title. Projects that are nearly complete or already finished typically compress the schedule: you may pay 30 percent at private contract and the remaining 70 percent at completion 30 to 90 days later. Every developer's schedule differs, so Roccabox provides the exact payment grid, milestone definitions, and expected notary-signing window for each project before you reserve, and your lawyer verifies that milestone triggers are objective and documented.

Las Lagunas holds 22 of Mijas's 24 new developments because it has schools, supermarkets, health centres, and direct access to both the A-7 and AP-7, making it the practical choice for full-time residents or families who need infrastructure and amenities within five minutes. Pricing starts at €205,000 and inventory is broad. El Lagarejo has one development starting at €399,000; it is quieter, more hillside, and still within ten minutes of the coast, suited to buyers who want a residential feel without the density of Las Lagunas. Mijas Jardín has one ultra-high-value project at €3.0 million, offering larger plots and privacy, intended for buyers treating the purchase as a private-capital allocation rather than a primary-residence decision. If you need schools and daily services, Las Lagunas is the only sub-area with the required density. If you want a quieter profile and are comfortable with a longer drive to supermarkets, El Lagarejo or Mijas Jardín may fit, but understand that inventory in those two sub-areas is minimal.

For new builds, expect IVA (10 percent for most residential properties, subject to specific thresholds and square-metre valuation), Actos Jurídicos Documentados (1.2 to 1.5 percent in Andalucía), notary fees (€800 to €1,800), land-registry inscription (€400 to €900), and legal fees (typically one percent of purchase price plus IVA). If financing, add bank arrangement fees, valuation (€300 to €600), and mortgage-deed notary charges. As a rough guide, budget an additional 12 to 14 percent of purchase price for taxes and transaction costs on a non-financed new-build purchase, and 13 to 15 percent if you are taking a mortgage. Your independent lawyer will produce a detailed closing-cost estimate once you have selected a unit and confirmed the purchase price.

Spanish banks lend to non-resident buyers, typically offering loan-to-value ratios of 60 to 70 percent (versus 80 percent for residents) and requiring proof of income, tax returns from your home country, and a clean credit history. Interest rates for non-residents are usually 30 to 80 basis points higher than resident rates, and the bank will insist on life insurance and home insurance as conditions of the loan. Processing takes six to ten weeks, and you will need an NIE (foreign-identity number), a Spanish bank account, and an independent valuation of the property arranged by the lender. Roccabox can introduce you to mortgage brokers who specialise in non-resident financing, but the final credit decision and rate are determined by the bank based on your financial profile and the property's appraised value.