Penthouses for Sale in Selwo

The property market in Selwo is overwhelmingly dominated by new and off-plan construction, featuring modern architectural styles.

• Modern Apartments and Penthouses: This is the most prevalent property type. They are located in luxurious, gated communities that boast extensive facilities like infinity pools, state-of-the-art gyms, spas, and co-working spaces. Penthouses with expansive terraces and breathtaking sea views are a signature feature of the area.
• Contemporary Townhouses: Many new developments offer modern townhouses, providing a family-friendly option with more space, private gardens, and access to all the high-end community amenities.
• Villas: The Selwo hills are home to a mix of older, traditional villas on large plots and a growing number of stunning, new-build contemporary villas designed to maximise the incredible views.

The influx of new luxury developments has established Selwo as a prime mid-to-high-end market on the New Golden Mile, offering excellent quality for the price. As of mid-2025, you can expect the following approximate price ranges:

• 2-Bedroom Modern Apartments: €350,000 – €800,000+. The higher end of the scale represents penthouses or premium units with the best panoramic views.
• Modern Townhouses: €500,000 – €900,000+
• Villas: Starting from around €900,000 for an older villa, with new contemporary villas typically starting from €1,500,000 and rising significantly.

Yes, absolutely. Spanish law places no restrictions on property ownership based on nationality. The buying process is the same for all nationalities.

The Spanish "Golden Visa" is highly relevant in Selwo, as many of the new apartments, townhouses, and villas easily meet the €500,000 investment threshold, providing a route to residency for non-EU buyers and their families.

It is crucial to budget an additional 10% to 14% of the purchase price for taxes and fees. Given that the Selwo market is dominated by new construction, VAT is the most common tax.

• For New-Build Properties:
  • VAT (IVA - Impuesto sobre el Valor Añadido): 10% of the purchase price.
  • Stamp Duty (AJD - Actos Jurídicos Documentados): 1.2% in Andalusia.
• For Resale Properties:
  • Property Transfer Tax (ITP - Impuesto de Transmisiones Patrimoniales): 7% of the purchase price.
• For All Properties:
  • Notary & Land Registry Fees: A combined total typically ranging from €1,400 to €4,000.
  • Legal Fees: Approximately 1% of the purchase price (+ 21% VAT on the fee).

Spanish banks typically lend up to 70 % of the purchase price to non-resident buyers (sometimes 80 % for EU citizens). Mortgage terms of 20–25 years are common; interest rates vary with the Euribor benchmark.

For developments with shared facilities (pools, gardens, gyms), expect €60 – €200 per month, depending on amenities and property size.

From making an offer to getting keys in hand typically takes 6–10 weeks, assuming financing and paperwork proceed smoothly.

• Visit in different seasons to gauge climate and community.
• Budget a 10 % contingency for unexpected costs.
• Hire an independent lawyer (abogado) to review contracts.
• Consider resale potential—properties with sea views and proximity to golf often hold value best.

From the luxury villas of Marbella and the marina-side glamour of Puerto Banús, to the charming old town of Estepona and the family-friendly beaches of Mijas Costa (with strong rental yields), plus the tranquil, value-priced hillside villages of Benahavís, Casares, Sotogrande and Manilva.