




Proa
Project lifecycle
Proa, in context.
Proa sits on a natural balcony above the sea at Castillo de Lagos, on the coastal fringe of Vélez-Málaga in the eastern Axarquía. It is a small community of semi-detached family houses with three or four bedrooms and 111 to 133 m² built. The houses suit buyers who want a permanent home or a well-kept second base on a quieter stretch of the Costa del Sol. Behind the project is a developer team with more than a century of history and press reports put its investment here at €14.6 million.
The architecture follows the slope rather than fighting it. Every house faces southeast, south or southwest, so the Mediterranean stays in view from the first coffee to the last light of the evening. The terraces are the real living rooms. 7 m² and almost 87 m², enough for a long lunch table, loungers and proper shade.
Every home has its own parking and the largest plots reach 241 m².
The specification behind the walls matters just as much. The homes carry an A energy rating for both consumption and emissions. They have aerothermal hot water, ducted air conditioning, thermally broken window frames and low-energy lighting. This is the kind of build quality you notice each month in lower running costs. Completion is scheduled for Q3 2028.
Of the 31 homes currently listed, 20 have already sold.
Key facts
The 11 remaining villas
Each one specified individually. Pricing released on enquiry.
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| Unit | Block | Floor | Beds | Baths | Interior | Outside | Garage | |
|---|---|---|---|---|---|---|---|---|
| 28 | — | — | 3 | 2 | 111 m² | 78 m² terrace · 79 m² garden · 197 m² plot | 1 | |
| 29 | — | — | 3 | 2 | 111 m² | 78 m² terrace · 81 m² garden · 199 m² plot | 1 | |
| 30 | — | — | 3 | 2 | 111 m² | 78 m² terrace · 82 m² garden · 200 m² plot | 1 | |
| 31 | — | — | 3 | 2 | 111 m² | 84 m² terrace · 74 m² garden · 206 m² plot | 1 | |
| 5 | — | — | 3 | 2 | 115 m² | 102 m² terrace · 37 m² garden | — | |
| 45 | — | — | 3 | 2 | 111 m² | 101 m² terrace · 98 m² garden · 241 m² plot | 1 | |
| 22 | — | — | 3 | 2 | 116 m² | 104 m² terrace · 50 m² garden | — | |
| 21 | — | — | 3 | 2 | 116 m² | 104 m² terrace · 50 m² garden | — | |
| 37 | — | — | 3 | 2 | 116 m² | 79 m² terrace · 93 m² garden | — | |
| 36 | — | — | 3 | 2 | 133 m² | 48 m² terrace · 105 m² garden | — | |
| 35 | — | — | 4 | 3 | 133 m² | 108 m² terrace · 71 m² garden · 231 m² plot | 1 |
Ask anything about Proa.
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11 of 31 villas remain
Live data refreshed nightly from our multiple independent sources.
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. Proa currently sits in the Under construction band.
Construction has started and keys are scheduled for Q3 2028. Buyers who commit now secure a sea-facing home before the last 11 of the 31 listed units are taken. Current listings start at €455,000. Launch pricing reported in July 2025 started at €388,000 plus VAT. To be candid, Casafari puts local resale stock at about €1,360/m², so Proa is not a bargain against older homes nearby. The case rests on something else: an A-rated new build with large terraces and protected views in an area the developer calls one of the most promising on this coast. Launch materials refer to 45 homes overall. We can confirm current release status on request.
Why buyers reserve at this stage
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.
Scarcity and specification
11 of 31 units remain. The plot sizes, orientation and amenity package on this scheme are not easily replicated in the immediate resale stock.
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.
The premium, contextualised
Useful context — not a substitute for unit-level valuation. Pricing data cross-referenced against live Costa del Sol market signals.
Proa 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 €4,099 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 €1,360/m².
Comparable confidence: 70% · Source: live market data, 08/10/2026
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What every unit receives
Living in Vélez-Málaga
Daily life at Proa follows the easy rhythm of El Morche, a small seaside village about three minutes away. Playa del Morche is the nearest stretch of sand. Around it you will find Pitufo's Costa Taperia, Café Bar Axarquía and the beach café La Playa, plus Farmacia El Morche for everyday needs. Annual average highs of around 22°C, with average lows near 16.5°C, mean the terrace is as useful in January as it is in July.
The weekly shop is a five-minute drive away at Mercadona. Torrox and Torre del Mar are both around 15 minutes away and offer a wider choice of shops and restaurants. The Puerto Deportivo Caleta de Vélez lies some 13 minutes along the coast for anyone who keeps a boat or simply likes lunch by the water. Yoga studios and a training gym are within six minutes.
Hospital Comarcal de La Axarquía is 17 minutes by car.

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.
Total cost of ownership
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.
Investment outlook
Three scenarios our analysts model on every Costa del Sol off-plan deal.
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 Proa a good investment compared to the local resale market?
What is the off-plan payment schedule in Spain?
Can a non-resident get a mortgage to buy at Proa?
Does buying at Proa qualify for Spanish residency?
How far is Proa from Málaga airport?
What is included in the purchase price?
Can I personalise the property?
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 11 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.