Under construction · current release

Proa

Vélez-Málaga · Vélez-Málaga · Ref: RDEV2361

Prices from

€435,000

Available

11 of 27

Bedrooms

3–4en-suite

Delivery

Q3 2028

Type

Villas

Size from

111 m²

Total homes

27 homes

Phase

Under construction

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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

Proa, in context.

Proa is a scheme of semi-detached houses on the eastern Costa del Sol, built into a natural balcony above the coast at Castillo de Lagos, in the municipality of Vélez-Málaga. It is aimed at buyers who want a sea-facing house with its own plot rather than an apartment, at a price point below Marbella's coastal equivalents.

Homes run to three and four bedrooms, with 111–133 m² of interior space on plots of 197–297 m², priced from €435,000 to €635,000. Layouts follow the topography and face southeast, south and southwest, each with surface parking and terraces that on some units exceed 100 m². The development carries an A energy rating and the developer's own sustainable building standard, with aerothermal hot water and ducted climate control.

One caveat: the developer's marketing describes a total of 45 houses, while the release data available to us covers 27 units, 16 of them already sold. Construction is under way, with completion scheduled for Q3 2028.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
Three- and four-bedroom semi-detached houses, 111–133 m² built on plots of 197–297 m²
02
Prices from €435,000 to €635,000; 11 of 27 released homes remain available
03
Playa del Morche 217 m away; village restaurants and pharmacy within 200 m
04
A-rated energy performance, aerothermal hot water, terraces up to 107 m² on larger units
05
Under construction now, completion scheduled for Q3 2028

The current release

The 11 remaining villas

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 11 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
28	—	—	3	2	111 m²	78 m² terrace · 79 m² garden · 197 m² plot	1
6	—	—	3	3	115 m²	112 m² terrace · 36 m² garden · 238 m² plot	1
31	—	—	3	2	111 m²	92 m² terrace · 74 m² garden · 206 m² plot	1
23	—	—	3	2	115 m²	116 m² terrace · 59 m² garden · 208 m² plot	1
3	—	—	3	2	115 m²	116 m² terrace · 49 m² garden · 203 m² plot	1
20	—	—	3	2	115 m²	121 m² terrace · 72 m² garden · 221 m² plot	1
8	—	—	3	3	115 m²	113 m² terrace · 34 m² garden · 226 m² plot	1
25	—	—	3	2	133 m²	74 m² terrace · 127 m² garden · 297 m² plot	1
38	—	—	3	2	111 m²	76 m² terrace · 144 m² garden · 260 m² plot	1
17	—	—	3	2	115 m²	113 m² terrace · 68 m² garden · 205 m² plot	1
35	—	—	4	3	133 m²	108 m² terrace · 71 m² garden · 231 m² plot	1

Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.

Roccabox AI

Ask anything about Proa.

Our AI concierge knows every unit, every spec, every price, the off-plan timeline, the local market and how to compare this development against the others nearby. Answers in your language, instantly, any time.

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Live availability

11 of 27 villas remain

Live data refreshed nightly from our multiple independent sources.

3-bedroom Villas 111–133 m²

From

€435,000

10 available

4-bedroom Villa 133 m²

From

€635,000

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. Proa 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

€435k

Under construction pricing

Projected key-ready benchmark

€558k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With 16 of the 27 released houses already sold and completion set for Q3 2028, the remaining eleven represent the last choice of plot size, terrace and orientation. Buying now fixes the price and spreads payments across three years of construction. Vélez-Málaga resale stock currently averages €1,364/m² and sells in a slow 209 days, so Proa asks a clear new-build premium — the case rests on the A energy rating, the private plot and sea views, none of which the local resale market reliably offers.

Reserving early

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 27 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.

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.

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 €3,919 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 €1,364/m².

Comparable confidence: 70% · Source: live market data, 09/09/2026

Vélez-Málaga villas median (€/m²)

€1,364

Proa (€/m² built)

€3,919

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

◆

Live market data

Cross-referenced against the most credible Costa del Sol sources

◆

Buyer protections

Staged payments · bank guarantee · 10-yr warranty

111–133 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

3–4 en-suite

Bathrooms

2–3

Built area

111–133 m²

Plot size

197–297 m²

Build stage

Under construction

Completion

Q3 2028

Warranty

10-yr structural

Energy

Class A (new build)

Vélez-Málaga

Living in Vélez-Málaga

Beach

217 m

Playa del Morche

Beach club

10.8 km

Solarium Almanat

Airport

45.2 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

86 m

Pitufo's Costa Taperia

Café

481 m

La Playa

Bar

1.5 km

Chez Christel

Supermarket

2.4 km

Mercadona

Pharmacy

199 m

Farmacia El Morche

Hospital

8.6 km

Hospital Comarcal de La Axarquía

Gym

2.8 km

Yoga Vidya / Ayurveda Oasis

Marina

6.7 km

Puerto Deportivo Caleta de Vélez

This is the Axarquía rather than the Golden Mile: a working stretch of coast where fishing villages have absorbed a long-established international community.

Playa del Morche is 217 m from the site, and the village itself supplies the daily essentials — Pitufo's Costa Taperia and Café Bar Axarquía sit within 100 m, a pharmacy at 199 m, and a Mercadona five minutes by car.

Torrox and Torre del Mar are around 15 minutes away, the marina at Caleta de Vélez 13 minutes, and Hospital Comarcal de La Axarquía 17 minutes. Málaga airport lies roughly 45 km west, reached via direct access to the A-7.

From your door

Marbella Old Town

1h 31m by car

83.3 km direct

Puerto Banús

1h 38m by car

90.2 km direct

Málaga Airport

50 min by car

45.6 km direct

Mijas Pueblo

1h 5m by car

59.6 km direct

La Cala de Mijas

1h 10m by car

64.3 km direct

Estepona

1h 58m by car

108.5 km direct

Gibraltar

2h 31m by car

138.6 km direct

Ronda

1h 54m by car

104.4 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 Proa 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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WhatsApp the team +34 951 12 04 67

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

€44k10%

Refundable holding deposit until contract signing; locks the unit out of the open market.

Contract signing

€87k20%

First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.

On completion

€305k70%

Balance paid when keys are handed over and the licence of first occupation issued.

Total cost of ownership

Purchase price · drag to model

€435,000

From €435,000€635,000

VAT / IVA (10% new build)

€43,500

Stamp duty / AJD (1.2%)

€5,220

Notary + registry (~1%)

€4,350

Legal fees (~1%)

€4,350

All-in

€492,420

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.

Monthly payment

€1,524/mo

Total repayable

€457,320

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€130,500

Loan amount

€304,500

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

€78,300gross uplift

B · Rent long-term (gross/yr)

€12,180

C · Short-term rental (peak gross/yr)

€19,575

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 Proa a good investment compared to the local resale market?

Proa 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 Proa?

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 Proa 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 Proa from Málaga airport?

Approximately 50 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, Proa 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 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.

Shahd Sherif

New-Developments Desk · Marbella

EN · ES · RU · FR · NL · SV

Call the team · +34 951 12 04 67 WhatsApp the team Ask the assistant

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