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Ready to turn your Eastern Costa del Sol property dream into a set of front-door keys? You’ve come to the right place! As one of the region’s most experienced, longest-standing estate agents and dedicated mortgage brokers, Villasol Real Estate is here to supercharge your buying power. We don’t just help you find the perfect slice of Andalusian paradise—we leverage decades of deep-rooted financial relationships to cut through the red tape and secure the unbeatable financing to match. Hand the paperwork over to the local experts, put your feet up in the sunshine, and get ready to say hola to your new home.
On the Eastern Costa del Sol (spanning coastal hubs like Nerja, Torrox Costa, and Rincón de la Victoria), the general rule of thumb for an average, well-maintained 2-bedroom apartment is roughly €250,000 to €280,000.
Because the eastern stretch is more geographically constrained and authentically Andalusian than the hyper-developed West (Marbella/Mijas), pricing holds strong but varies slightly by municipality:
Nerja: As the high-demand jewel of the east, prices average roughly €4,430 per m². A standard 2-bedroom resale apartment here typically sits between €270,000 and €310,000.
Torrox Costa & El Morche: Just down the road, you get slightly more buying power at roughly €4,100 per m², placing a comparable 2-bedroom unit at €230,000 to €265,000.
Note: Frontline beach views, massive terraces, or brand-new luxury builds in either town will quickly push the guide price toward €350,000+.
Putting down a 30% deposit means you are seeking a 70% Loan-to-Value (LTV) mortgage. In the Spanish banking system, 70% LTV is the absolute maximum ceiling granted to non-resident/expat buyers (fiscal residents of Spain can access up to 80%).
Following recent European Central Bank rate reductions, the mortgage market has stabilized. Over a 20-year repayment term, standard guide rates break down as follows:
| Mortgage Type | Non-Resident Buyer Guide | Spanish Resident Guide | Key Nuance |
| Fixed Rate | 3.50% – 4.50% | 2.50% – 3.20% | Locks in your payment. The lowest rates require taking on bank life/home insurance. |
| Variable Rate | Euribor + 1.25% | Euribor + 0.75% | Tracks the 12-month Euribor, meaning monthly payments adjust once per year. |
