New Development · Fuengirola
Price: €366,700
Edificio Perseo in Fuengirola offers 2 to 3-bedroom new homes from €366,700, located near the sea, marina, and shops, with delivery in Q3 2027.
Delivery: Q3 2027
Edificio Perseo is a contemporary off-plan development located in Fuengirola, offering two to three-bedroom apartments from 56 to 62 square metres. Scheduled for completion in Q3 2027, this new construction is built to modern standards for lower maintenance costs. Starting from €366,700, these residences offer refined urban living by the sea.
Situated in the heart of central Fuengirola, the project enjoys prime positioning surrounded by commercial areas and shops. Residents can easily walk to the Mediterranean seafront, sandy beach, and marina. Everyday necessities are readily accessible thanks to nearby supermarkets and local amenities.
Every home features a welcoming open-plan layout connecting the kitchen, dining, and lounge spaces. Floor-to-ceiling double glazing opens to private and covered terraces, filling the interiors with natural light. The apartments are delivered fully finished with fitted wardrobes, modern kitchen appliances, and hot and cold air conditioning.
Edificio Perseo is conveniently located near public transport links providing direct access to Malaga and the international airport. Families will appreciate the close proximity to international schools and essential services. The building also includes a lift serving all floors alongside secure accessibility features.
Positioned in a high-demand rental zone, the development offers strong potential for both short-term holiday lets and long-term tenants. Investing off-plan provides the lasting benefits of contemporary construction and reduced upkeep.
Edificio Perseo is a new off-plan residential project situated in the urban centre of Fuengirola. Scheduled for delivery in Q3 2027, this new construction provides a selection of two and three-bedroom apartments, each featuring two bathrooms. The properties range in size from 56-62 m2 built. Prices start at €366,700 and rise to €403,900 for the highest specifications available in the building. As a new development rather than a resale, the project is designed to meet modern building codes, ensuring energy efficiency and lower daily running costs. The central location places residents directly within a commercial area, offering immediate walking access to shops, the town centre, and the Mediterranean Sea.
The architectural layout of every apartment connects the kitchen, dining, and lounge spaces into a single open-plan environment. Floor-to-ceiling double glazing allows natural light to enter the interiors while providing thermal and acoustic insulation from the urban surroundings. These glass doors open directly onto private covered terraces, extending the living space outdoors. Each property is delivered fully fitted, complete with modern kitchen cabinetry and appliances. The bedrooms include fitted wardrobes to maximise storage space. Climate control is managed through integrated hot and cold air conditioning systems. The building itself is equipped with a lift serving all residential floors, ensuring secure and easy access for all residents.
Purchasing a new build property in Andalucia involves specific tax structures that differ from resale transactions. Buyers at Edificio Perseo do not pay the standard Property Transfer Tax, known as ITP. Instead, new homes are subject to a 10% Value Added Tax, known as IVA, alongside a 1.2% Stamp Duty, known as AJD. Based on the entry price of €366,700, the applicable IVA amounts to €36,670, while the AJD adds €4,400 to the purchase costs. Buyers should also budget for independent legal representation. Legal fees typically run at about 1% of the purchase price plus IVA, which equates to roughly €3,667 on the lowest priced unit. Additional administrative costs, including notary and land registry fees, generally total between 0.5% and 1% of the property price.
Because Edificio Perseo is an off-plan development, the purchase process involves staged payments rather than a single lump sum. Buyers begin with a reservation deposit to remove the property from the open market. Following this, buyers pay construction instalments at agreed milestones, with the final balance due upon completion and key handover in Q3 2027. Under Spanish law, specifically Ley 38/1999 as amended by Ley 20/2015, every payment made before completion must be secured. The developer is legally required to provide a bank guarantee or an insurance policy to protect these funds. The final and binding delivery date for each apartment is the specific date written into the private purchase contract.
While the exact community fee and the annual municipal property tax, known as IBI, are not yet recorded for this off-plan project, they can be estimated based on the amenities provided. Community fees in Edificio Perseo will be driven primarily by the maintenance of the lift, the cleaning of communal hallways, and the upkeep of the building facade. Because the development does not include expansive landscaped gardens, a communal swimming pool, or a full-time concierge, the monthly community charges are expected to remain highly competitive for an urban property. The IBI will be calculated by the Fuengirola Ayuntamiento based on the cadastral value of each specific apartment once the building is completed and registered.
Connectivity is a primary driver of property demand in central Fuengirola. Edificio Perseo is located near major public transport links, making a car entirely optional for daily life. The Fuengirola train station is the final stop on the C-1 Cercanias line. This commuter train provides a direct, reliable route to Malaga International Airport in exactly 33 minutes. The same line continues into Malaga city centre, terminating at Centro Alameda, which connects passengers to the high-speed AVE network to Madrid. For drivers, the A-7 coastal highway and the AP-7 toll road are accessible within a five-minute drive. These arterial routes place Marbella 25 minutes to the west and the centre of Malaga 30 minutes to the east. The central bus station also operates routes down the coast towards La Cala de Mijas, Calahonda, and Estepona.
The proximity to the sea is a defining feature of this development. Residents are a short walk from the Paseo Maritimo Rey de Espana, a coastal promenade that stretches for seven kilometres along the Mediterranean. This flat, paved walkway is heavily used by runners, cyclists, and families. Directly accessible from the town centre are several wide, sandy beaches. Playa de San Francisco and Playa de los Boliches offer calm waters and are regularly awarded Blue Flag status for cleanliness and safety. Further west, Playa del Castillo sits beneath the historic fortress and features a designated dog beach. The beachfront is lined with traditional chiringuitos where residents can eat fresh seafood directly on the sand. The Fuengirola Marina, located at the midpoint of the promenade, provides berths for leisure craft and hosts various water sports operators.
Edificio Perseo offers apartments with 2 to 3 bedrooms and 2 bathrooms. The built areas range from 56-62 m2. Current availability shows prices starting at €366,700 and going up to €403,900. These are new construction properties sold off plan directly by the developer.
Buying a new build in Andalucia incurs 10 percent IVA and 1.2 percent AJD stamp duty, meaning there is no ITP to pay. On the entry price of €366,700, the IVA amounts to €36,670 and the AJD is €4,400. You should also budget roughly €3,667 for legal fees, which is about 1 percent. Finally, notary and land registry fees combined will add another 0.5 to 1 percent to your total costs.
Payments are staged, beginning with a reservation deposit, followed by instalments during construction, and concluding with the final balance at completion. Under Spanish law, specifically Ley 38/1999 as amended by Ley 20/2015, every payment made before completion must be secured. The developer provides a bank guarantee or an insurance policy for these funds. This ensures your capital is protected if construction halts or fails to complete.
The developer has stated an expected delivery timeframe of Q3 2027 for this project. However, the legally binding delivery date is the specific one written into your private purchase contract. If the developer fails to meet this contractual deadline, the bank guarantees allow you to reclaim your deposited funds with statutory interest. Construction timelines can vary, so your lawyer will monitor the progress against this contracted date.
The developer has not yet recorded an exact community fee figure for Edificio Perseo. The final amount will be determined by the maintenance costs of the shared amenities once the community of owners is formed. Because this is an urban building with lifts and no large swimming pools or extensive gardens, the fees should remain relatively moderate. You will primarily be paying for lift maintenance, building insurance, and the cleaning of the communal hallways.
Your main annual local tax is the IBI, which is calculated by the Fuengirola Ayuntamiento based on the cadastral value of the finished property. Since the building is a new development, the exact IBI is not yet assigned. Other running costs will include your private electricity and water bills, which depend on your usage of the hot and cold air conditioning systems. Non residents will also need to pay the annual imputed income tax.
Fuengirola has strong rental demand due to its coastal location and commercial areas. To rent your property for short term holiday lets, you must register it with the Junta de Andalucia to obtain a tourist licence. The Fuengirola Ayuntamiento also enforces local zoning regulations, so your lawyer must verify that the community statutes do not prohibit holiday rentals. Properties close to the sea and transport links typically achieve high occupancy rates during the summer months.
Edificio Perseo is located close to several educational facilities in the urban centre. For international curriculums, St. Anthony's College is a short drive away in the Mijas Costa direction. Swedish families often utilize the Svenska Skolan Marbella, which has a branch in Fuengirola. Public Spanish schools like CEIP Cervantes are also within walking distance for younger children.
Malaga Costa del Sol Airport is the closest international travel hub to Fuengirola. Driving from the development to the airport takes approximately 25 minutes via the AP 7 highway. Alternatively, you can take the C 1 Cercanias train from the Fuengirola station directly into the airport terminal. The train journey takes about 34 minutes and offers a highly reliable schedule.
While Edificio Perseo is an urban beachfront development, several golf courses are easily accessible. Mijas Golf, featuring the Los Lagos and Los Olivos courses, is just a 15 minute drive inland. Chaparral Golf Club is also located roughly 10 minutes away along the N 340 coast road. These nearby options provide 18 hole courses without requiring a long commute from the town centre.
The development is classed as a beachfront project in the urban centre. Residents can walk to Playa de San Francisco or Playa de los Boliches in just a few minutes. The Fuengirola Marina is also located right on the doorstep, offering boat moorings and water sports facilities. This close proximity to the sea means you do not need a car to enjoy the Mediterranean coastline.
Fuengirola is a highly developed, working coastal town rather than a seasonal resort. It features a large commercial area, a busy high street, and the Miramar Shopping Centre for everyday retail needs. The town is flat and highly walkable, with an extensive eight kilometre seafront promenade known as the Paseo Maritimo Rey de Espana. This infrastructure ensures that shops, medical centres, and restaurants remain open and active throughout the winter.