Monthly payment
€1,594/mo
Under construction · current release
Proa
Vélez-Málaga · Vélez-Málaga · Ref: RDEV2361
Prices from
€455,000
Available
12 of 31
Bedrooms
3–4en-suite
Delivery
Q3 2028
Type
Villas
Size from
111 m²
Total homes
31 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
Proa, in context.
Proa occupies a natural balcony above the eastern Costa del Sol, in the Castillo de Lagos area of the Vélez-Málaga coast. It is a residential complex of semi-detached homes with three and four bedrooms. It is designed for buyers who want a permanent base or a second home with the Mediterranean in full view and direct access to the A-7.
The architecture follows the slope rather than fighting it. Homes face southeast, south or southwest, so light moves across the terraces from breakfast until the last of the evening. The sea stays in view throughout. Interiors run from 111 to 133 m² built, with the largest plots reaching 241 m². Every home includes parking and generous terraces, the natural setting for long lunches in a climate where the average daytime high across the year is 22.3°C. Landscaped communal gardens frame a shared swimming pool, a quiet place to spend the hottest hours.
The specification is where Proa quietly earns its place. Homes carry an A energy rating for both consumption and emissions. Aerothermal hot water, low-consumption lighting and thermally broken window frames keep running costs in check through the summer. The developer behind the scheme has more than a century of history.
Construction is under way with completion scheduled for Q3 2028 and prices start from €455,000 plus VAT.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
Three and four-bedroom semi-detached homes, 111 to 133 m² built
02
Southeast, south and southwest aspects with open sea views
03
A energy rating with aerothermal hot water and thermally broken frames
04
19 of 31 homes sold, completion scheduled for Q3 2028
05
From €455,000 plus VAT, three minutes by car from El Morche
The current release
The 12 remaining villas
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| 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 | |
| 23 | — | — | 3 | 2 | 115 m² | 116 m² terrace · 59 m² garden · 208 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 |
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.
Answers will appear here. Try a starter question above, or type your own.
Live availability
12 of 31 villas remain
Live data refreshed nightly from our multiple independent sources.
3-bedroom Villas
111–133 m²
From
€455,000
11 available
4-bedroom Villa
133 m²
From
€655,000
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
€455k
Under construction pricing
Projected key-ready benchmark
€583k
Indicative uplift modelled against comparable new-build completions
Roccabox analyst view
Proa is past the paper stage. Construction has started and completion is scheduled for Q3 2028, which gives buyers time to plan while the homes take shape. Our current inventory shows 19 of 31 homes sold and 12 still available. Launch material refers to 45 homes in total, so we will confirm exact phasing and the remaining choice of orientation on request.
On price, the entry level of €455,000 plus VAT works out at just over €4,000 per m² built. The local resale median is near €1,370. That premium buys an A-rated new build with sea views, not the mixed resale stock behind the median, where listings average 213 days on the market.
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
12 of 31 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.
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 €1,368/m².
Comparable confidence: 70% · Source: live market data, 27/10/2026
Vélez-Málaga villas median (€/m²)
€1,368
Proa (€/m² built)
€4,099
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
Build stage
Under construction
Completion
Q3 2028
Warranty
10-yr structural
Energy
Class A (new build)
Document
Vélez-Málaga
Living in Vélez-Málaga
Daily life here turns towards the coast. The beach village of El Morche is three minutes away by car, with Playa del Morche, a beach café, a pharmacy and a handful of tapas bars all within a few streets of one another. Torrox and Torre del Mar are around 15 minutes away when you want a larger town.
The weekly shop is a five-minute drive to Mercadona. Yoga studios and a training gym sit around six minutes from home, while the marina at Caleta de Vélez is 13 minutes along the coast for those who sail. For a long afternoon on a sunbed, Solarium Almanat is a 22-minute drive.
The climate makes outdoor living the default rather than the exception, with an average daytime high of 22.3°C and an average low of 16.5°C across the year. Terraces facing south get the full benefit. Hospital Comarcal de La Axarquía is 17 minutes by road. The A-7 is close at hand and Málaga airport lies around 45 km to the west.
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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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
€46k10%
Refundable holding deposit until contract signing; locks the unit out of the open market.
Contract signing
€91k20%
First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.
On completion
€319k70%
Balance paid when keys are handed over and the licence of first occupation issued.
Total cost of ownership
VAT / IVA (10% new build)
€45,500
Stamp duty / AJD (1.2%)
€5,460
Notary + registry (~1%)
€4,550
Legal fees (~1%)
€4,550
All-in
€515,060
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
€478,346
50%70%
10 yrs30 yrs
2.5%5.5%
Deposit required
€136,500
Loan amount
€318,500
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
€81,900gross uplift
B · Rent long-term (gross/yr)
€12,740
C · Short-term rental (peak gross/yr)
€20,475
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 12 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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