Penthouses for Sale in New Golden Mile

• The New Golden Mile features stylish apartments and penthouses with spacious terraces and panoramic sea or mountain views, often within luxury complexes.
• Townhouses offer multi-level living in gated communities, complete with communal pools and landscaped gardens.
• Detached villas range from ultra-modern new builds to classic Andalusian estates, each boasting private pools, gardens, and easy access to golf courses and beaches.

Prices vary by type and location:

• Apartments/townhouses: €200,000–€250,000
• Detached villas: €300,000–€800,000+
• Fincas/rustic plots: €200,000–€600,000
  Proximity to the golf courses, coast (Manilva/Estepona), and panoramic views can push prices toward the top end.

Yes—there are no restrictions on non-EU buyers. You’ll need to obtain a Spanish NIE number (foreigner ID), open a Spanish bank account, and appoint a solicitor (abogado) to handle legal due diligence, contracts, and conveyancing.

• Transfer tax (ITP) for resale homes: 8%–10% of purchase price
• VAT (IVA) on new builds: 10% of purchase price
  Stamp duty (AJD): ~1%
• Notary, land registry & gestoría fees: ~1%–2%
• Legal fees: ~1%–1.5%
• Annual costs: IBI (council tax), community fees (if applicable), utilities

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.