Finding a brand-new home on the Costa del Sol for under €200,000 is becoming increasingly rare, but a new development in Mijas is aiming to do exactly that.

‘Lagoa Urban’ has been launched in Las Lagunas, one of the fastest-growing areas between Mijas Costa and Fuengirola, with prices starting from €166,000.

The development will consist of 15 newly built homes located on Calle San Lucas in Las Lagunas.

According to the developers’ listing on Idealista, the project has been designed both for permanent living and as an investment opportunity thanks to strong rental demand in the area.

The scheme includes one and two-bedroom apartments alongside three exclusive penthouses featuring large private terraces designed for year-round outdoor living in the Costa del Sol climate.

Developers say the homes have been designed to maximise brightness and functionality, with modern layouts making full use of the available space.

The properties will come equipped with centralised hot and cold air conditioning, fitted wardrobes, aerothermal hot water systems, high-quality insulation and white lacquered interior doors.

One of the biggest attractions is the location.

Las Lagunas has become one of the Costa del Sol’s busiest residential growth areas due to its proximity to both Fuengirola and Malaga while still offering comparatively lower prices.

Residents will be within walking distance of supermarkets, shopping centres, schools, parks, green areas and public transport links.

The development is also being marketed as an attractive option for investors seeking rental profitability in an area with consistently high housing demand.

Buyers can reportedly reserve a property with a €3,000 deposit plus VAT.