6.7% Gross rental yield6.7% Gross rental yieldJardines Homes in Mijas Costa, Málaga. 3-bed penthouses, 155 m², 6.7% gross yield. New-build property by the sea in Spain — €686,000.
This new-build is in Mijas Costa, Málaga (Costa del Sol). The nearest airport is AGP, convenient for lettings and personal visits. Strong local infrastructure, beaches and tourist demand support steady occupancy.
Buying in Mijas Costa is about golf courses, pine-forest urbanisations and sea panoramas from the hills. The coastal strip of Mijas is a quieter alternative to busy Marbella; the selection holds 4 new-builds, mostly apartments and penthouses.
Blue-Flag beaches, a dozen golf courses, the nearby Miramar shopping centre and proximity to Málaga airport (~25–30 minutes) cover the basics; for major shopping and healthcare, neighbouring Fuengirola and Marbella are close.
New-build in Mijas Costa →Estimated gross rental yield is 6.7%. This is an off-plan unit: pay in stages during construction, completion 2026 Q2. Buy at today’s price and complete at market value.
Worked through on this property’s real numbers: price €686,000, estimated gross yield 6.7%.
Net estimate: ~30% deducted from gross rent for non-resident tax, vacancy and management. A guide, not a guarantee.
Pre-filled with a €686,000 price and a 35% deposit. Adjust the inputs to your situation.
Loan €445,900 with a €240,100 deposit.
Indicative. Excludes bank arrangement fees, valuation and mandatory insurance. Confirm terms with the bank.
On top of the price, budget 10–14% for taxes and fees: VAT or transfer tax, notary, registry, lawyer. For €686,000 that is roughly €68,600–€96,040.
Get an exact figure in the costs calculator →
Off-plan · 2027 Q46.2% yield
Off-plan · 2027 Q44.7% yieldKey-ready · Completed5.2% yieldOff-plan · 2026 Q46.1% yieldOff-plan · 2027 Q26.7% yield
Off-plan · 2027 Q46.7% yield
Key-ready · Completed6.7% yieldOff-plan · 2026 Q46.7% yield