- From
- €410,000
- Developer
- Kronos Homes
- Area
- La Cala De Mijas
- Status
- Off-plan
Quick answer: The Kove in La Cala de Mijas, Costa del Sol is off-plan and enters at €410,000 on the June 2026 price list from Kronos Homes. Purchase tax is 10% IVA plus 1.2% AJD in Andalucía, with notary, registry and independent legal fees adding a further 1.5% to 2%. Stage payments must sit behind a Ley 57/1968 bank guarantee, and the guarantee certificate has to name the exact amount transferred. Foreign buyers also need an NIE and a Spanish bank account before notary. Compare it against the Mijas market guide.
What Is The Kove by Kronos Homes?
The Kove is Kronos Homes off-plan apartments in La Cala de Mijas from approximately €410,000, walkable beach and coastal path access, marketing completion 2027 to 2028, Ley 57/1968 bank guarantee checks on every stage payment across a multi-year build. Foreign buyers can use this overview as a pre-reservation checklist.
Kronos Homes positions The Kove as new-build apartments targeting Costa del Sol lifestyle and rental demand in a walkable pocket. Buyers purchase into Málaga province where foreign buyers accounted for roughly 32.80% of 2025 Registradores transactions, concentrated in exactly this mid-band where walkable stock has consistently outpaced the wider Mijas market.
Considering this development? Our Spain advisors can verify bank guarantees, compare units, and connect you with independent lawyers before you reserve.
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What Are the Key Facts for The Kove?
The Kove Mijas enters at €410,000 as an off-plan scheme by Kronos Homes in La Cala de Mijas, Costa del Sol. Andalucía charges 10% IVA plus 1.2% AJD on new build, with notary, registry and legal fees adding 1.5% to 2%. Foreign buyers need an NIE and independent legal representation before signing the arras contract.
| Factor | Detail |
|---|---|
| Developer | Kronos Homes |
| Location | La Cala de Mijas, Costa del Sol |
| Entry price | From €410,000 (June 2026 marketing) |
| Status | Off-plan |
| Completion | 2027 to 2028 (marketing estimate) |
Insider tip: ask Kronos Homes for the aval bancario certificate number covering The Kove Mijas and confirm it directly with the issuing bank. A collective guarantee named in the contract is not the same document as an individual certificate in your name, and only the second one pays out if the build stalls.
Read the full Kronos Homes developer review for delivery history and guarantee checks before you reserve.
What Should You Know About Location and Area?
Checklist: confirm on the ground rather than from the brochure: commute, licence rules, and resale comps before modeling rent. The Kove sits in La Cala de Mijas beach, coastal path, and town strip within 5 to 20 minutes walk, 35 to 55 minutes to Málaga airport, walk-driven short-let demand that inland Mijas schemes cannot replicate, 32.80% foreign-buyer share in Málaga province, and tourist licence scrutiny that can shift between reservation and 2027 to 2028 delivery.
- Airport access: Málaga (AGP), 35 to 55 minutes, plan peak-season traffic tests
- Beach: 5 to 20 minutes walk to promenade and coastal path
- Walkability: Town strip generates demand inland Mijas blocks lack
- Liquidity: Resale depends on walkable pocket pricing versus €410,000 entry band
Pair location due diligence with the property for sale in La Cala de Mijas and cost of buying property in Spain.
What Should You Know About Design and Units?
Design at The Kove Mijas means The Kove include contemporary apartments with parking and storage options priced on request, community fees estimated €120 to 220 per month depending on amenities, energy ratings A or B typical on new build, communal pool and security common, and finish standards that differ between Kronos delivered phases more than marketing renders suggest, which foreign buyers verify by visiting Ipanema nearby at €425,000 delivered.
- Community fees: Budget €120 to €550 per month depending on amenities
Standard off-plan payment stages split price across reservation, private contract, construction milestones, and completion. Every transfer before escritura must be covered by a bank guarantee under Ley 57/1968 or equivalent insurance naming the promoting SPV across the multi-year build window.
| Stage | Typical share | What to verify |
|---|---|---|
| Reservation | €6,000 to €12,000 | Refund terms in writing |
| Private contract (arras) | 10% | Lawyer review before pay |
| Construction milestone 1 | 20 to 30% | Guarantee issued and valid |
| Construction milestone 2 | 10 to 20% | Guarantee updated to new total |
| Completion balance | Remainder + IVA 10% | Snagging list annexed to deed |
The full stage ladder for any Spanish new build is in the off-plan payment schedule guide.
What Should You Know About Investment Case?
At €410,000 entry versus €425,000 delivered Ipanema in the same walkable pocket, illustrative gross short-let yield 5.5% to 7.0% before costs, net yield 4.0% to 5.5% after IBI, community, 22 to 28% management, and NRIT at 19% EU or 24% non-EU gross, if you confirm a long-let fallback at 4.5% to 5.5% gross because VFT rules in Mijas can shift before 2027 to 2028 delivery.
| Metric | Figure |
|---|---|
| Entry price | From €410,000 |
| Gross short-let yield | 5.5% to 7.0% (marketing band) |
| Net yield after costs | 4.0% to 5.5% (illustrative) |
| Management fee | 22 to 28% of gross bookings |
| IBI band | €450 to 900 annually |
| Community fees | €120 to 220 per month |
Buyer scenario. A non-resident buying into The Kove Mijas at €410,000 completes at €451,000 to €463,300 all-in, once acquisition costs of 10% to 13% are added. At the bottom of the gross band (5.5%) the unit bills €22,550 a year, and the stated net band leaves €16,400 to €22,550 after IBI, community, management and non-resident tax. Against the all-in figure rather than the list price, the conservative case returns about 3.5%: that is the number to carry into a comparison.
Rebuild any yield quoted for The Kove Mijas before you rely on it. For a €410,000 unit, €26,650 gross at 6.5% collapses after IBI, community, management, insurance, and non-resident rental tax. Use the gross vs net yield Spain worksheet. Compare against Kosmos in Torremolinos at €405,000 for rail-link trade-offs.
The decision is a time-versus-price trade: an Ipanema buyer collects rent immediately while a Kove buyer waits years yet locks current pricing in a walkable pocket. Price that trade explicitly before reserving.
Who Is This For?
Buyer scenario: a non-resident reserving at €410,000 typically needs NIE, Spanish bank account, and independent abogado review before any stage transfer. The Kove suits foreign off-plan investors who accept a 2027 to 2028 completion window in exchange for €15,000 under delivered Ipanema, holiday-home buyers who want walkable beach access with occasional let potential, and portfolio buyers comparing mid-band Costa del Sol after verifying Kronos guarantee paper from delivered phases.
- Off-plan investor: Strong if delay buffer matches fund availability and you accept build risk
- Holiday home with occasional let: Strong if municipal VFT licence obtainable at delivery
- Pure long-let buyer: Moderate, compare resale stock; LAU 5-year lock-in applies after handover
- Portfolio buyer comparing Costa del Sol: Compare with Kosmos at €405,000
This is the wrong fit for a buyer needing rent within three months, refuse licence paperwork, or skip net yield modeling on brochure gross bands.
What Should You Know About Pros and Cons?
Strengths at The Kove: walkable La Cala pocket and €410,000 entry under delivered Ipanema. Trade-offs: multi-year build exposure until 2027 to 2028, tourist licence timing risk, marketing timeline slip risk, and net yield 2 to 3 points below gross brochures. Net yield typically sits 2 to 3 points below gross marketing once IBI, community fees, and management are deducted.
Red flag: paying a stage amount before the aval bancario names it on a €410,000 off-plan ticket.
| Factor | Advantage | Trade-off |
|---|---|---|
| Developer | Kronos Homes active Costa del Sol pipeline | Finish varies between phases |
| Price | From €410,000, €15,000 under Ipanema delivered | Off-plan capital locked for years |
| Location | Walkable beach and coastal path demand | Licence rules can shift before delivery |
| Rental | Walk-driven short-let premium | Multi-year build before any income |
| Off-plan | Staged payments with guarantees | Per-stage certificates across long timeline |
Pros
- Walkable La Cala pocket outpaces wider Mijas market
- Entry from €410,000 under delivered comparables
- Strong foreign-buyer liquidity at 32.80% provincial share
- Kronos Homes active pipeline on Costa del Sol
Cons
- Marketing dates can slip versus contract
- Tourist licence not automatic in every block
- Net yield lower than gross brochures suggest
- Rent forgone during 2027 to 2028 build window
What Should Foreign Buyers Verify Before Reserving?
Foreign buyers at The Kove should verify before reserving that the promoting entity matches the guarantee issuer on the reservation contract, every stage payment carries a valid Ley 57/1968 certificate updated across the multi-year build, tourist licence feasibility includes a long-let fallback model, net yield uses real IBI €450 to 900 and community €120 to 220 figures, and refund terms on the reservation deposit are stated in writing.
- Pull a nota simple on the exact The Kove unit and confirm the registered owner matches the party named on your reservation form.
- Request guarantee wording naming Kronos Homes or promoting SPV and special bank account.
- Model net yield with IBI €450 to 900, community €120 to 220, management 22 to 28%, and NRIT.
- Model long-let fallback at 4.5% to 5.5% gross in case VFT rules shift before delivery.
- Visit delivered Ipanema at €425,000; ask two owner references on Kronos finish quality.
- Compare two resale comps within 500 metres before treating render quality as proof of delivery.
Insider tip: The Kove risk concentrates in the multi-year build window. Per-stage Ley 57/1968 certificates are the core protection when staged payments sit exposed longer than on near-complete schemes.
Follow the due diligence on Spain property hub for sequencing, and check the Andalucía tourist licence guide before modelling short-let income. Read the developer delay risks guide before treating marketing completion dates as contractual certainty. Request a shortlist if you want broker-vetted alternatives in La Cala de Mijas.
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Get the current unit schedule, payment stages, and bank-guarantee checklist for The Kove. Our Spain advisors reply within one business day with lawyer-ready next steps.
Frequently Asked Questions
The Kove is developed by Kronos Homes. Confirm the promoting entity on the reservation contract matches the guarantee issuer before any transfer.
June 2026 marketing lists from approximately €410,000 plus VAT where applicable on new build. Verify live inventory and parking options before offer.
Yes. Non-residents need an NIE, Spanish bank account, and independent legal counsel. Off-plan buyers must verify Ley 57/1968 guarantee on each stage payment.
Illustrative gross short-let yields in La Cala de Mijas run 5.5 to 7.0% before costs. Net yields after IBI, community, management, and tax commonly fall to 4.0 to 5.5% depending on occupancy and licence status.
Lawyer review of contract, bank guarantee or insurance on stage payments, tourist licence feasibility for your unit, and a net yield model using real IBI and community figures.
The Kove by Kronos Homes is an off-plan apartment scheme in La Cala de Mijas, Costa del Sol, listed from €410,000 on the June 2026 price list with marketing completion 2027 to 2028. Stage payments must sit behind a Ley 57/1968 bank guarantee.
We do not publish owner ratings for Kronos Homes. The practical check is to visit delivered Ipanema, listed from €425,000 in the same La Cala pocket, and ask two owners about snagging response times and finish quality. Our Kronos Homes developer review covers the track record and guarantee practice.
Steps common to every Spanish new build are in the non-resident buyer checklist.
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