Property to Buy in Mijas, Spain – A Foreigner’s Complete Guide

This charming coastal town up the Costa del Sol reflects the best of traditional Andalusian culture with beautiful landscape and a lively expatriate community. Be it holiday homes, investment, or retirement homes; there’s something in store for everyone in Mijas.

This guide will help you understand the special charm of Mijas, the process of buying property, and the applicable taxes.

Why Invest in Mijas Real Estate?

Find out why Mijas looks so tempting:

Year-Round Good Weather

Mijas enjoys more than 300 days of sun yearly, and its mild winters and warm summers make it ideal to spend time in.

Low Lost of Living

Despite the popularity and the high quality of life, Mijas is a more affordable region than the majority of European cities for having a better living style.

High Rent Receipt

Mijas, being famous among tourists, keeps self-catering apartments in good demand, and therefore the estates here bring good income from letting – especially during high tourist seasons.

Reasonable Property Prices

Compared to other parts of Western Europe, Mijas provides an excellent value for your investment. Buyers here can find modern apartments, traditionally updated Andalusian houses, and also expensive villas at unbeatable prices.

Long-Term Capital Appreciation

Real estate in Mijas features stable demand, mostly because of international buyers. This has proved to be a very good position for those interested in long-term value increase for a property.

Excellent Connectivity

Mijas has good connections with Malaga International Airport, with direct flights to many cities worldwide. The accessibility of the town makes living and going on tourism easy in this area.

Can Foreigners Buy Property in Mijas?

Yes, foreign investors can buy a house in each and every part of Mijas, Spain, due to no restriction. The Spanish government effectively encourages foreign investment, so there are few legal barriers for Brits and other people looking to buy houses in Mijas.

With the Spanish Golden Visa system, where a renewable residence permit awaits those meeting the investment mark of €500,000, the deal gets even sweeter. This has attracted several foreign investors into Mijas in search of the Mediterranean lifestyle and residency in Spain.

Still, there are some important practical aspects of buying property in Mijas that foreigners have to be aware of. In other words, non-residents may get a mortgage only for a bigger deposit, and opening a Spanish bank account might help to facilitate all the financial parts of the transaction. 

A local lawyer and estate agent who knows the Mijas market is highly recommended for this process to go smoothly.

Finding an Apartment in Mijas

Mijas offers everything from five-bedroom villas with sea views to typical townhouses right in the heart of the traditional village. It is relatively quite easy to find a property since many well-reputed real estate agents run their businesses within the area.

Popular websites include options such as: 

• Fotocasa

• Idealista

• Kyero

Reputed agencies like Rightmove, along with several local specialists, will comfortably take you through the process and advise on the prospects of every market that may be offered.

It certainly helps if you view the property physically or send some trusted delegate to inspect the property in Mijas to avoid all forms of surprises. 

Among the attractive areas to the buyers are Mijas Pueblo, with its white-washed buildings and its breathtaking mountain views, or La Cala de Mijas facing the beach, a lively central point.

Upscore’s Benefits

Upscore’s Finance Passport streamlines the whole mortgage application process for foreign buyers and provides personal support, invaluable in each particular case:

Various Lenders: Compare the best mortgage deals available from local lenders.

Remote Application: Apply online from anywhere, streamlining the process for international buyers.

Personalised service: Enjoy one-point-of-contact service from an expert agent throughout your mortgage journey.

Free to Use: Upscore services are free; a lender pays the fees when you get your loan.

Upscore sweetens financial dealing in buying property in Mijas until it’s totally painless, so that you can invest your time in finding your dream house.

FAQs

How Much Does Property Cost in Mijas, Spain?

Property prices vary in Mijas, depending on their location and type. Prices begin at approximately €150,000 for apartments, while luxury villas may exceed €1 million.

Is Residency Required to Buy a Property in Mijas?

Not necessarily, because there are no restrictions for non-residents buying a property in Spain.

What are the Taxes That Come Along with Buying Property in Mijas?

The classic buyer pays property transfer tax, 6 to 10% of the acquisition price, notary stamps, and registration.

Can I Let My Property in Mijas?

Yes, you can let your property. Since it is so popular with tourists, Mijas has great status for vacation rentals.

Is Getting a Mortgage Against Buying Property in Mijas Easy?

Yes, foreign buyers can obtain a mortgage in Spain, but non-residents may be asked for a higher deposit of about 30-40% of the selling price.