2 Bedroom Middle Floor Apartment For Sale In Nueva Andalucía
€510,000€4,595/m²
Andalusia, Spain
2
bedrooms
2
bathrooms
111 m²
interior
Apartment
property type
6 days ago
listed
About this place
This is a great opportunity to buy an apartment in the popular El Dorado urbanisation in Nueva Andalucia at a reduced price compared to other apartments for sale in the complex. The apartment is in need of modernisation and is therefore at least €40k less than more modern apartments in the complex. It has 2 bedrooms, 2 bathrooms and a front and rear terrace, one with partial sea views. While the parking is on the street, there is always ample space. The apartment is within easy reach of shops, bars, restaurants and Puerto Banus. For the right buyer willing to invest some money in modernising the apartment, there could be a good return available.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
