Monthly payment
€911/mo
Under construction · current release
Los Olivos Residencial Fase III
Vélez-Málaga · Vélez-Málaga
Prices from
€259,950
Available
15 of 48
Bedrooms
2–4en-suite
Delivery
1st Trimester 2027
Type
Apartments
Size from
79 m²
Total homes
48 homes
Phase
Under construction
Licensed agency · est. 2017
AIPP member
500+ active developments
Project lifecycle
Coming soon
Off-plan
With licence
You are hereUnder construction~22% saving
Completed
Roccabox · the editorial
Los Olivos Residencial Fase III, in context.
Los Olivos Residencial Fase III is a residential apartment development in Vélez-Málaga, the historic inland capital of the Axarquía comarca, positioned for owner-occupiers and investors seeking quality new-build stock at a meaningful discount to the Costa del Sol's western axis. This third phase comprises 48 homes across seven four-storey blocks, ranging from 79 m² two-bedroom apartments to 196 m² configurations, priced between €259,950 and €409,950 — with garage and, in most cases, a storage room included.
Construction is already under way, with completion targeted in the first quarter of 2027. Of the 48 units, 32 have already sold, leaving 16 available — a sell-through rate of approximately two-thirds that speaks to sustained local demand. All homes are delivered with ducted air conditioning throughout and fully fitted kitchens with integrated appliances. The development sits adjacent to Parque María Zambrano and within walking distance of schools, healthcare facilities, and daily retail.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
48-unit development, construction started — 32 of 48 homes already sold
02
Priced from €259,950 to €409,950, garage and storage included as standard
03
Built areas from 79 m² to 196 m², 2–4 bedroom configurations across 7 blocks
04
Completion scheduled Q1 2027, with ducted A/C and fully fitted kitchens throughout
05
Walking distance to Parque María Zambrano, schools and healthcare centres
The current release
The 15 remaining apartments
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| Unit | Block | Floor | Beds | Baths | Interior | Outside | Garage | |
|---|---|---|---|---|---|---|---|---|
| — | 1 | P02 | 2 | 2 | 85 m² | — | 1 | |
| — | 1 | P02 | 2 | 2 | 83 m² | 5 m² terrace | 1 | |
| — | 1 | P03 | 2 | 2 | 84 m² | 9 m² terrace | 1 | |
| — | 1 | P03 | 2 | 2 | 86 m² | 6 m² terrace | 1 | |
| — | 1 | P03 | 2 | 2 | 79 m² | 9 m² terrace | 1 | |
| — | 1 | P01 | 2 | 2 | 106 m² | 19 m² terrace | 1 | |
| — | 1 | P01 | 3 | 2 | 102 m² | 8 m² terrace | 1 | |
| — | 1 | P01 | 3 | 2 | 117 m² | 23 m² terrace | 1 | |
| — | 1 | P03 | 3 | 2 | 102 m² | 8 m² terrace | 1 | |
| — | 1 | P04 | 3 | 2 | 146 m² | 10 m² terrace | 1 | |
| — | 1 | P04 | 3 | 2 | 146 m² | 10 m² terrace | 1 | |
| — | 1 | P04 | 3 | 2 | 160 m² | 9 m² terrace | 1 | |
| — | 1 | P04 | 3 | 2 | 156 m² | 11 m² terrace | 1 | |
| — | 1 | P04 | 3 | 2 | 157 m² | 11 m² terrace | 1 | |
| — | 1 | P04 | 4 | 2 | 196 m² | 11 m² terrace | 1 |
Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.
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Ask anything about Los Olivos Residencial Fase III.
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Live availability
15 of 48 apartments remain
Live data refreshed nightly from our multiple independent sources.
2-bedroom apartments
79–106 m²
From
€259,950
6 available
3-bedroom apartments
102–160 m²
From
€289,950
8 available
4-bedroom apartment
196 m²
From
€409,950
1 available
The off-plan discount curve
The off-plan discount, stage by stage
Off-plan entry typically offers the largest pricing headroom at the earliest stages. The advantage narrows as construction progresses — at completion the unit is priced at market. Los Olivos Residencial Fase III currently sits in the Under construction band.
Coming soon
~40% off
Off-plan
~32% off
With licence
~27% off
Under construction
YOU ARE HERE
~22% off
Completed
~16% off
Current entry
€260k
Under construction pricing
Projected key-ready benchmark
€333k
Indicative uplift modelled against comparable new-build completions
Roccabox analyst view
With construction already started and a confirmed Q1 2027 delivery, the principal off-plan risks — site viability and construction commencement — are behind the buyer. The market median in Vélez-Málaga currently sits at approximately €1,856 per m², yet new-build stock of this specification commands premiums above that benchmark; at the lower end of the range, entry here represents a credible position relative to local resale comparables. The two-thirds sell-through rate at this stage of construction indicates that available units are narrowing, and the remaining 16 homes span the full bedroom range.
Reserving early
Why buyers reserve at this stage
01
Personalisation window
Reserving during the Under construction phase gives buyers genuine input into layout, finishes and basement use ahead of handover — a window that closes as the build advances.
02
Scarcity and specification
15 of 48 units remain. The plot sizes, orientation and amenity package on this scheme are not easily replicated in the immediate resale stock.
03
Risk-managed entry
Spanish new-build buyers are protected by staged payments held under bank guarantee, ten-year structural warranty and full licence review. Roccabox brokers all of this through regulated counsel.
Market reality
The premium, contextualised
Useful context — not a substitute for unit-level valuation. Pricing data cross-referenced against live Costa del Sol market signals.
Los Olivos Residencial Fase III is not priced against average Vélez-Málaga resale stock. It is a premium new-build product with the specification, plot quality and amenity package that the broader resale market typically does not match. At €3,291 per built m² the relevant question is whether the premium is justified against comparable new-build completions — not whether it beats the area's median of €1,856/m².
Comparable confidence: 70% · Source: live market data, 15/05/2026
Vélez-Málaga apartments median (€/m²)
€1,856
Los Olivos Residencial Fase III (€/m² built)
€3,291
Premium reflects
new-build specification · scarcity · plot & orientation
Why buy with Roccabox
Your purchase is in safe hands
Licensed, regulated and trusted since 2017. We verify every development before listing it.
◆
Licensed agency
AIPP member · est. 2017 · Regulated by Spanish property law
◆
Plot verified
Spanish national land registry
◆
Live market data
Cross-referenced against the most credible Costa del Sol sources
◆
Buyer protections
Staged payments · bank guarantee · 10-yr warranty
79–196 m²
Internal area per unit
Specification
What every unit receives
Bedrooms
2–4 en-suite
Bathrooms
2
Built area
79–196 m²
Build stage
Under construction
Completion
1st Trimester 2027
Warranty
10-yr structural
Energy
Class A (new build)
Document
Vélez-Málaga
Living in Vélez-Málaga
Vélez-Málaga sits at the heart of the Axarquía, roughly 35 kilometres east of Málaga city and within easy reach of the pebbly coves and calmer waters of the Torre del Mar coastline. The town itself retains the cadence of an authentically Andalusian provincial capital — covered markets, a Moorish castle, and a calendar of local festivals that the costal tourist belt rarely replicates. Day-to-day living is genuinely walkable from this location: the development borders Parque María Zambrano, Vélez-Málaga's principal public park, and schools, supermarkets and a health centre are within a short walk. Málaga International Airport is accessible in under 45 minutes, making the area practical for both full-time residents and those splitting their time between Spain and northern Europe.
From your door
Marbella Old Town
1h 22m by car
75.1 km direct
Puerto Banús
1h 30m by car
82.1 km direct
Málaga Airport
40 min by car
36.6 km direct
Mijas Pueblo
56 min by car
51.2 km direct
La Cala de Mijas
1h 3m by car
57.3 km direct
Estepona
1h 49m by car
100.3 km direct
Gibraltar
2h 24m by car
131.9 km direct
Ronda
1h 43m by car
94.1 km direct
Shahd Sherif · Your Roccabox specialist
New Developments Desk · Marbella office
Every Roccabox specialist on the New-Developments Desk has walked the projects we represent and reviewed the architectural drawings. We will tell you honestly which of the remaining Los Olivos Residencial Fase III residences suits your brief, model the numbers in your currency, and arrange a private viewing within the week. Airport transfer arranged where helpful.
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Real numbers
Understand the full picture
Spanish purchases involve taxes and fees that catch first-time international buyers off-guard. We surface every figure that matters.
Typical off-plan payment schedule
Spanish new-build purchases are typically paid in three staged instalments, with every euro held under bank guarantee until completion.
On reservation
€26k10%
Refundable holding deposit until contract signing; locks the unit out of the open market.
Contract signing
€52k20%
First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.
On completion
€182k70%
Balance paid when keys are handed over and the licence of first occupation issued.
Total cost of ownership
VAT / IVA (10% new build)
€25,995
Stamp duty / AJD (1.2%)
€3,119
Notary + registry (~1%)
€2,600
Legal fees (~1%)
€2,600
All-in
€291,664
Annual IBI (property tax) ≈ 0.4–1.1% of cadastral value. Community fees vary. Your gestor confirms exact figures.
Spanish mortgage scenario
Indicative non-resident mortgage on the slider price above. Spanish banks typically lend 60–70% LTV to non-residents over 20–25 years.
Total repayable
€273,288
50%70%
10 yrs30 yrs
2.5%5.5%
Deposit required
€77,985
Loan amount
€181,965
Illustrative only. Actual Spanish mortgage terms depend on residency, income, tax history and the lender. Roccabox can introduce you to non-resident mortgage brokers.
Investment outlook
Three scenarios our analysts model on every Costa del Sol off-plan deal.
A · Hold and sell at key-ready
€46,791gross uplift
B · Rent long-term (gross/yr)
€7,279
C · Short-term rental (peak gross/yr)
€11,698
Capital growth · 8-yr area benchmark
+30–40%
Personal 5-year model
on request
Ranges are illustrative and gross. Short-term rentals require a tourism licence (VFT) and active management. Our investment analysts can model your specific scenario using current Marbella rental comparables.
Common questions
Buying off-plan in Spain, answered
Straight answers to the questions our specialists field most. For anything else, the assistant above answers in real time.
Is Los Olivos Residencial Fase III a good investment compared to the local resale market?
Los Olivos Residencial Fase III is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Vélez-Málaga on price-per-m², the premium reflects new-build standards, plot quality and amenity package not typically available in the resale market. Our market analysts model the projected key-ready value on request.
What is the off-plan payment schedule in Spain?
Spanish off-plan purchases are typically staged: 10% on reservation (refundable holding deposit), a further 20% on signing the private purchase contract, and the remaining 70% on completion. Every euro paid before completion is held under bank guarantee — if the developer defaults, your money is refunded under Spanish law.
Can a non-resident get a mortgage to buy at Los Olivos Residencial Fase III?
Yes. Spanish banks routinely lend 60–70% loan-to-value to non-residents on properties at this value, over terms of 20–25 years at competitive rates. Roccabox introduces vetted non-resident mortgage brokers at no cost.
Does buying at Los Olivos Residencial Fase III qualify for Spanish residency?
Spain's property-based Golden Visa route closed to new applicants on 3 April 2025 under Organic Law 1/2025. However, other residency routes remain available depending on circumstances — non-lucrative visa, digital-nomad visa, work or family-based permits. Roccabox introduces regulated Spanish immigration counsel.
How far is Los Olivos Residencial Fase III from Málaga airport?
Approximately 40 minutes' drive, with a direct route via the A-7 / AP-7 motorway.
What is included in the purchase price?
Price includes the unit as specified by the developer. Spanish purchase costs (VAT/IVA on new builds at 10%, AJD stamp duty at 1.2%, notary and registry around 1%, legal counsel typically 1%) sit on top of the headline price. The Roccabox team produces a personalised total-cost breakdown on request.
Can I personalise the property?
At the Under construction stage, Los Olivos Residencial Fase III buyers can typically influence layout details, basement configuration, finishes and specification ahead of handover. The window narrows as the build progresses. Our specialist will walk you through what's still negotiable on each remaining unit.
Speak with us
Speak with our team.
Our New-Developments Desk has reviewed every project on the Costa del Sol catalogue and can walk you through which of the remaining 15 units suit your brief, model the numbers in your currency, and arrange a viewing — including airport transfer where helpful.
Ask a question now via the assistant, or have the team follow up with the full brief.
Shahd Sherif
New-Developments Desk · Marbella
EN · ES · RU · FR · NL · SV
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