New Developments
in Mijas Pueblo

The Spanish Golden Visa property investment route closed on 3 April 2025 under Organic Law 1/2025. Applications submitted before that date under the prior rules continue to be processed, but new applications based on property purchase are no longer accepted. Non-EU buyers who require a Spanish residency route should take independent legal advice on alternatives such as the Non-Lucrative Visa or the Digital Nomad Visa, neither of which is linked to property ownership value. Roccabox does not provide immigration advice.

Off-plan means purchasing before construction has started, typically on the basis of drawings, specifications, and a build programme. One development in Mijas Pueblo is currently at this stage. Nine are already under construction, meaning structure, external works, or fit-out are visible and progressing. The practical difference is lead time and certainty: an under-construction unit is closer to handover, and a buyer can often inspect the site. Off-plan carries a longer wait but sometimes offers access to the earliest-phase indicative pricing. Neither is inherently superior, the right choice depends on your own timeline and tolerance for build-programme uncertainty.

The structure varies by developer but follows a broadly consistent pattern. A reservation deposit, typically €6,000 to €20,000, secures the unit while legal checks are completed. A private contract is then signed, with a further payment of roughly 20 to 30 percent of the price due at that point. Some developers add intermediate construction-stage payments. The balance is paid at notarial completion. Under Spanish law, all stage payments on off-plan or under-construction purchases must be covered by a bank guarantee or insurance policy, so your lawyer should verify this protection is in place before you commit any funds.

The four sub-areas differ on altitude, access, price level, and character. Buenavista offers the widest choice, six developments from €590,000, with easier road access and a more conventional residential feel. El Maro runs from €995,000 and tends toward more privacy and views. Los Espartales starts at €2,000,000 and suits buyers prioritising elevated terrain and larger plots. The Mijas Pueblo village entry from €2,300,000 is for buyers who want genuine proximity to the historic core, accepting that land scarcity drives pricing and access roads are narrower. Sub-area selection should be tested on a site visit, not resolved on a map.

New-build properties in Andalucía attract IVA at ten percent of the purchase price. AJD (stamp duty) is charged at 1.2 percent in the region. Notary fees and Land Registry inscription combined typically fall between €1,000 and €2,000. An independent lawyer will charge roughly €1,000 to €2,500 depending on the contract's complexity. Taken together, buyers should plan for total acquisition costs of approximately 12 to 13 percent above the headline price. Your legal adviser will produce a specific cost estimate once the purchase contract is reviewed.

Yes, Spanish banks do lend to non-residents, though the terms differ from resident mortgages. Non-residents are typically offered loan-to-value ratios of up to 60 to 70 percent of the assessed value, compared with up to 80 percent for residents. Interest rates and arrangement conditions vary between lenders. One important timing consideration for new-build purchases is that mortgage drawdown usually only occurs at notarial completion, not at the private contract stage, meaning stage payments during construction normally need to be funded from personal liquidity. Roccabox can introduce buyers to mortgage brokers who operate in the Spanish market, but does not provide mortgage advice directly.