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The Colinas Del Faro complex is located in the El Faro a residential complex of Mijas Costa and is in a privileged area of the Costa del Sol, between Fuengirola and Marbella. The development of new properties is only a few minutes walk to the beach & local shops, approx 20 minutes drive from Malaga airport and the capital of the province. Colinas Del Faro maintains the Andalusian style, with large sunny terraces. Brand new apartments selling quickly due to low prices. Fully fitted kitchens with high quality appliances & utility room. Underground parking spaces + storage included with 2 bedroom apartments. Walking distance to restaurants, shops, bars, bus stops and beaches. A short drive to the best International golf courses. Beautiful Mediterranean style complex with swimming pool and gardens. All with Stunning terraces. 1 and 2 bedroom apartments to choose from.
Property Features
- 2 bedrooms
- 2 bathrooms
- 68m² Build size
- Swimming Pool
- newly built
- fitted kitchen
- pre-installed air-conditioning
- community garden
- terrace
- parking
- underground parking
- communal pool
- unfurnished
- garden & pool views
- mountain views
- store room
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,500€
Final Payment of 90% on completion
202,500€
Property Purchase Expenses
Property price
225,000€
Transfer tax 10%
22,500€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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