Why buy property in Alcaidesa?
Alcaidesa is fast becoming one of the most attractive places to buy property on the southern Costa del Sol. With sweeping sea views, peaceful surroundings and two world-class golf courses, it offers a more tranquil, elegant lifestyle than its high-profile neighbours. Developments by One Eden have played a central role in this transformation, offering thoughtfully designed resort-style residences that combine natural beauty with modern living.
For those considering a purchase in Serenity or Infinity Alcaidesa, it is important to plan for purchase costs as well as the property itself to ensure a smooth transaction.
What are the taxes on new-build property in Alcaidesa?
The first major cost will depend on whether you are buying a new build or a resale property. One Eden’s developments in Alcaidesa are new build, which means you will be paying IVA (VAT) instead of transfer tax. In Spain, IVA on residential property is 10%. In addition to this, there is a stamp duty or AJD, which is currently 1.2% in Andalucía. This applies to all new properties and is paid at the time of signing the deeds.
Notary, land registry and legal fees
Next comes the notary and land registry fees. These are fixed government-regulated charges based on the property value and together they usually come to between €1,000-€1,500. These costs cover the official recording of the transaction and the entry of the new owner into the property registry.
Legal fees are another essential expense. It is strongly recommended to appoint a local lawyer with experience in Spanish property law to handle the conveyancing, draft or review contracts and carry out due diligence. Fees are usually calculated as a percentage of the purchase price, most commonly between 1-1.5%. Some firms offer fixed-fee packages, but in all cases, this is money well spent to ensure peace of mind and avoid any unexpected issues.
Mortgage-related charges
If you are planning to take out a Spanish mortgage, there are further costs to consider. The bank will charge a valuation fee, usually approx. €300-500. There may also be an arrangement fee, commonly around 1% of the loan value. The AJD tax also applies to the mortgage deed, usually between 0.5-1.5% depending on the region and the size of the loan. These charges are often overlooked, so it is important to discuss them early on with your lender or broker.
Ongoing ownership costs
Beyond the upfront costs, it is also important to factor in the regular ongoing expenses associated with owning a property in a resort-style development. These include community fees, which cover the upkeep of pools, gardens, shared spaces and security services.
Utility bills should also be considered. Electricity, water, internet and other services can vary depending on usage. If you intend to let the property as a holiday rental, the costs may be slightly higher, especially in the summer season.
Annual local taxes are another important consideration. IBI, the property ownership tax, is charged by the town hall and is based on the cadastral value of the property. It is usually between 0.4 -1.1%. Rubbish collection fees are charged separately and tend to be modest and paid annually.
Lifestyle additions and fit-out costs
Many owners in Alcaidesa are attracted to the nearby golf club, especially now that La Hacienda Links Golf Resort has joined the global network of luxury courses. Membership fees are an additional expense, but for golf lovers, they are well worth the investment and contribute to the appeal and rental potential of the property.
Lastly, for those purchasing off-plan, it is important to budget for furnishings. Properties are sold unfurnished and the cost of fully fitting out a two or three-bedroom apartment is a cost that needs to be factored in.
A clear path to ownership
Understanding these additional costs does not detract from the value of buying property in Alcaidesa. In fact, compared to other premium coastal areas such as Marbella or Sotogrande, the overall purchase and ownership costs remain very competitive. With prices still offering room for growth and the area undergoing a wave of investment and improvement, it is a smart time to secure a position in the market. The upcoming Gibraltar treaty, which is expected to bring greater fluidity and economic cooperation across the border, makes the location even more advantageous for both residents and investors.
If you are considering buying property in Alcaidesa and want clear guidance on all associated costs, the One Eden team is here to help. We offer detailed information tailored to each development and property. Get in touch today to begin your journey towards property ownership in one of the Costa del Sol’s most promising destinations.
