New Developments
in Vélez-Málaga

Not through the property route. The Spanish Golden Visa for real estate closed on 3 April 2025 under Organic Law 1/2025, so buying a home no longer qualifies you for residency on its own. Non-EU buyers can still own property freely, and you can stay up to 90 days in any 180 as a visitor, depending on your nationality. Longer stays require a separate visa, such as non-lucrative residence or a work-based permit. Speak to an immigration lawyer about the option that matches your situation, as Roccabox does not give immigration advice.

It depends on your timeline and tolerance for waiting. Of the six developments we track in Vélez-Málaga, two are off-plan or licensed, three are under construction and one is completed. Off-plan usually offers lower entry pricing and more unit choice, but you wait 18 to 30 months and rely on the contract and guarantees. A completed home lets you inspect finishes and move in quickly, with less choice. If you need keys within a year, the available pool is small, so decide early.

Most purchases start with a refundable reservation deposit, often a few thousand euros, while your lawyer checks the paperwork. At the private contract you usually pay a first instalment, commonly around 20 to 30 percent of the price in total across the build, with further payments linked to construction milestones. The remaining balance is due at completion before the notary. Exact schedules vary by project, so confirm the figures in the contract. Spanish law requires staged payments to be covered by a bank guarantee.

All six tracked developments sit in the Vélez-Málaga sub-area, so the choice is about the individual plot rather than the neighbourhood. Compare distance to the coast, elevation and views, proximity to town services, unit size and build stage. Developments closer to the town centre suit buyers who want walkable daily life, while those further out can offer larger layouts and quieter surroundings. Prices start from €265k and run to €655k, so position and size account for most of the spread.

On new-build property, VAT (IVA) is 10 percent and Stamp Duty (AJD) in Andalucia is currently 1.2 percent, both on the purchase price. Add notary, land registry and legal fees, with legal fees typically 1 to 1.5 percent. As a planning figure, allow roughly 12 to 14 percent above the price in total, then confirm the exact amount with your lawyer. Ongoing costs include annual property tax (IBI), community fees and utilities. Rates can change, so verify before you commit.

Yes, Spanish banks lend to non-residents, but terms are tighter than for residents. Expect loan-to-value of around 60 to 70 percent, so a deposit of 30 to 40 percent plus costs is typical, with income and credit checks from your home country. Approval takes several weeks, so start before signing a private contract. Mortgage on off-plan can be more complex because funds are only drawn at completion. An independent mortgage adviser can compare lenders for you, and this is not financial advice.