Penthouses for Sale in Cancelada

Cancelada offers a distinct choice between traditional and contemporary living:

• In the Village Core: Here you will find traditional townhouses (casas de pueblo) and older Spanish-style apartment blocks. These properties offer an authentic living experience, with local shops, tapas bars, and cafes right on your doorstep.
• New Developments (on the outskirts): The area surrounding the village is dominated by new-build and off-plan projects. These consist of modern apartments, penthouses with large terraces, and townhouses. They are typically located in secure, gated communities with extensive facilities like swimming pools, gyms, spas, and landscaped gardens.
• Villas: While less common in the village itself, a number of new, contemporary villas are being built in the surrounding area.

The area offers a broad spectrum of prices, reflecting the mix of older resale properties and premium new builds. As of mid-2025, you can expect the following approximate price ranges:

• 2-Bedroom Apartments: €280,000 (older resale) – €650,000+ (new-build penthouse).
• 3-Bedroom Townhouses: €400,000 (traditional village house) – €800,000+ (modern luxury townhouse).
• Villas: Starting from around €1,000,000 for new, contemporary builds in the vicinity.

Yes, definitely. There are no restrictions on any nationality buying property in Spain. The legal process is the same for all buyers.

Given the price of many new properties in the area, the Spanish "Golden Visa" program is a very relevant option. A real estate investment of €500,000 or more can qualify non-EU citizens for a residency permit, allowing them and their families to live in Spain and travel freely within the Schengen Area.

It is crucial to budget an additional 10% to 14% of the purchase price to cover all taxes and fees. In Cancelada, the applicable tax will depend on whether you buy a resale property or a new build from a developer.

• For New-Build Properties (very common in Cancelada):
  • 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 (in the village core):
  • Property Transfer Tax (ITP - Impuesto de Transmisiones Patrimoniales): 7% of the purchase price.
• For All Properties:
  • Notary & Land Registry Fees: Combined, usually between €1,400 – €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.