Frequently Asked Questions (Buying, Selling & Renting)
Clear, up-to-date 2026 answers prepared by Alros Investments S.L. (established in Benalmádena in 1992) for international buyers, investors, and property owners.
What taxes and fees do I pay when buying a property in Benalmádena (Costa del Sol)?
In Andalusia, resale properties are subject to a flat 7% Property Transfer Tax (ITP - Impuesto de Transmisiones Patrimoniales). For new-build properties bought directly from a developer, buyers pay 10% VAT (IVA) plus 1.2% Stamp Duty (AJD). Adding Notary fees, Land Registry fees, and legal representation, we recommend budgeting approximately 9% to 11.5% on top of the purchase price.
What documents do foreign buyers need to purchase property in Spain?
Every foreign buyer needs a Spanish NIE (Número de Identidad de Extranjero), which is your tax identification number in Spain. It can be obtained in person at a National Police station in Spain, via a Spanish Consulate in your home country, or through a legal representative via Power of Attorney. We also recommend opening a Spanish bank account to set up direct debits for utilities, community fees, and local property taxes (IBI).
Can non-residents get a mortgage in Spain?
Yes. Spanish banks regularly grant mortgages to international non-resident buyers (from the EU, UK, Nordic countries, USA, Switzerland, etc.), typically financing up to 60%–70% of the purchase price or official valuation (whichever is lower). At Alros Investments S.L., we assist you throughout the valuation and banking process.
How can I find out the current market value of my property in Benalmádena?
You can use our free 8-step Instant Valuation Calculator at alros.eu/en/tasacion to get an immediate on-screen sale price range and monthly rental estimate based on real price per m² data across El Higuerón, Benalmádena Costa, Benalmádena Pueblo, Torrequebrada, and Arroyo de la Miel. Our senior advisors can then carry out a complimentary on-site inspection to confirm the exact market value.
What taxes does a seller pay when selling a property in Spain?
Sellers are responsible for: 1) Municipal Capital Gains Tax (Plusvalía Municipal) charged by the local Town Hall, calculated using whichever official method (actual gain vs. objective cadastral coefficient) is most favorable to the taxpayer, and 2) Capital Gains Tax (IRPF for Spanish tax residents, or Non-Resident Income Tax for foreign residents, where the buyer retains 3% of the price on account of the seller's tax liability). A valid Energy Performance Certificate (CEE) is also mandatory.
What are the rental conditions and requirements for properties listed with Alros?
Specific rental conditions (contract duration, solvency requirements, guarantees, or pet policies) vary depending on each property owner and home. Our advisor will personally confirm the exact requirements for the property you are interested in prior to scheduling an in-person viewing.
Where is Alros Investments located and which areas of the Costa del Sol do you cover?
Our main office is located at Avenida Juan Luis Peralta 22, 29639 Benalmádena Pueblo (Málaga, Spain). Established in 1992, we have over 34 years of continuous experience across the Costa del Sol, specializing in Benalmádena Pueblo, Benalmádena Costa, Arroyo de la Miel, Reserva del Higuerón, Torrequebrada, Torremolinos, Fuengirola, and Mijas.
Have a specific question about buying or selling?
Our bilingual team in Benalmádena is happy to advise you with no obligation on property taxes, free valuations, or finding your ideal home on the Costa del Sol.