Valtocado - Marbella - Malaga

In the heart of the Costa del Sol, lie the charms of Fuengirola, a vibrant city full of history and style. Founded by the Phoenicians, admired by the Romans and fortified by the Moors, Fuengirola is a melting pot of cultures and traditions. Today, its splendid geographical location by the Mediterranean and its rich history are the foundations of its exclusive real estate market. Historical monuments like the Sohail Castle and the Bullring add a touch of authenticity and elegance to this charming location.

Exclusive Property Market in Fuengirola

The current market for exclusive properties in Fuengirola is notably stable, with a strong demand for luxury homes and apartments that balances the current supply quite well. The average real estate commission for buyers and sellers is usually around 5%, but can vary slightly. Additionally, when buying a luxury home in Fuengirola, costs such as transfer tax (which is around 8%), commissions, notary fees, and sometimes inspection costs should be considered.

Taxes and Costs in Fuengirola

The wealth tax in Fuengirola, although it can vary, usually fluctuates between 1%-2.5% and is applied to high-value properties. Gains obtained from the sale of a main residence are not subject to tax in Fuengirola, whereas gains from a second home are taxed at a general rate of 19%. Income tax for registered residents is set between 19% and 47%, depending on income, and corporate profit tax stands at 25%.

How to Buy a House in Fuengirola

Mortgage requirements for buying a house in Fuengirola vary depending on individual circumstances, but generally, you could qualify for a mortgage of up to 80% of the property value if you meet income and equity requirements.

Luxury Living in Fuengirola

Located in the province of Malaga, Fuengirola is a seaside gem with about 80,000 inhabitants. This wonderfully diverse environment offers a wide range of outdoor activities, from water sports to hiking and golf. The city hosts luxury boutiques and a number of elegant restaurants and hotels like El Oceano Beach Hotel, Puebla Lucia Restaurant, and Heaven Nightclub. Frequent cultural and sporting events, such as the International Fair of the Peoples and the Mediterranean Bicycle Festival, add charm to the local lifestyle. The City History Museum and the House of Culture are highlights in art and culture.

Facilities and Services in Fuengirola

From its excellent road and rail connections to its proximity to the airports of Malaga and Gibraltar, Fuengirola boasts a solid and high-quality infrastructure. Its prominent educational institutions, such as the Swedish School of Fuengirola and the University of Malaga, and robust health services, with hospitals like the Costa del Sol Hospital and the Quirónsalud Málaga Hospital, reinforce its reputation as an ideal place to live.