# Formula Properties

## About
Formula Properties is a Danish real estate agency specializing in buying, selling, and investing in residential properties on the Costa del Sol, Spain. We serve primarily Danish-speaking clients with expert, end-to-end guidance through every step of the Spanish property purchase and sale process.

## Languages
- Danish (primary)
- English
- Spanish
- German, French, Dutch, Swedish, Norwegian, Finnish, Polish (via translation)

## Contact
- Website: https://formulaproperties.com
- Email: info@formulaproperties.com
- Phone Denmark: +45 93 84 12 28
- Phone Spain: +34 604 47 70 01
- Address: Calle Rio Chillar 2, Jardines de Las Lagunas, 29651 Mijas, Andalusia, Spain

## Services
- Buyer representation (buyer's agent) — property search, viewings, negotiation, coordination with lawyer and notary through to handover
- Property sales on Costa del Sol — valuation, marketing, negotiation
- New development / off-plan property consulting — developer vetting, bank guarantees, contract review
- Investment property advisory — rental yield analysis, tourist licence guidance
- Mortgage and financing guidance — referrals to Spanish banks and mortgage brokers
- Post-purchase support — renovation partners, rental setup, community integration

## Areas Covered
Costa del Sol, Spain:
- Marbella (including Nueva Andalucía, Puerto Banús, Elviria)
- Mijas (including La Cala de Mijas, Mijas Pueblo, Mijas Costa)
- Estepona
- Fuengirola
- Benahavís
- Benalmádena
- Nerja
- Torremolinos
- Málaga
- Manilva

## Team
- Elizabeth Marx Hoe — Partner & Licensed Real Estate Agent. Background in Denmark and USA. Specialises in helping clients find their dream home and assisting with property sales.
- Jonas Brask — Partner & Licensed Real Estate Agent. Background in Denmark and USA. Entrepreneur since age 18, focused on stress-free buying and selling experiences.
- Lauren Taylor — Real Estate Agent in Spain. Over 20 years on Costa del Sol. Originally from the UK, brings deep local market knowledge and an international perspective.
- Philius Højbo — Sales & Marketing Coordinator. Supports the sales process and strengthens the company's digital presence.

## Key Pages
- / — Homepage with featured properties, Google reviews, team presentation
- /boliger — All resale properties for sale on Costa del Sol (20,000+ listings)
- /nybyg — New development projects and off-plan properties on Costa del Sol
- /nybyg/vores-favoritter — Formula Properties' hand-picked new development projects
- /koeb-med-os — Why buy with Formula Properties (9 reasons)
- /saelg-din-bolig — Sell your property with us
- /om-os — About us, our story, values, and team
- /faq — Frequently asked questions about buying property in Spain
- /guides — Guides for buying and selling property in Spain (PDF downloads)
- /finansiering — Mortgage and financing options for Danes buying in Spain
- /laanberegner — Mortgage calculator (Habeno widget)
- /omkostningsberegner — Purchase cost calculator (transfer tax, notary, registration, legal fees)
- /udlejningsberegner — Rental yield calculator for Costa del Sol properties
- /omraader — Overview of all areas on Costa del Sol
- /omraader/marbella — Marbella area guide and properties
- /omraader/mijas — Mijas area guide and properties
- /omraader/estepona — Estepona area guide and properties
- /omraader/fuengirola — Fuengirola area guide and properties
- /omraader/benahavis — Benahavís area guide and properties
- /omraader/benalmadena — Benalmádena area guide and properties
- /omraader/nerja — Nerja area guide and properties
- /omraader/malaga — Málaga area guide and properties
- /blog — Blog articles about the Costa del Sol property market
- /kontakt — Contact us

## Frequently Asked Questions

Q: What does Formula Properties help with?
A: We help with everything from needs analysis, property selection, booking viewings, negotiation, buying process guidance, and coordination with lawyer/notary/bank — through to handover. We also assist after purchase with renovation partners, rental setup, and community integration.

Q: Does it cost anything to use Formula Properties as a buyer's agent?
A: In most transactions, the commission is paid by the seller (via a built-in provision). We always explain transparently how we are compensated before you commit. Buyers typically pay nothing directly.

Q: Do you only work with Danish clients?
A: We specialise in helping Danes, but we also assist other Scandinavian and international buyers. Our team speaks Danish, English, Spanish, and has broad international experience.

Q: How does buying a property in Spain work?
A: Typically: needs analysis → property search → viewings → reservation agreement → due diligence by lawyer (title, debts, licences) → private purchase contract + 10% deposit → title deed at notary + payment of balance → registration. The full process takes 6–12 weeks on average.

Q: Do I need a lawyer?
A: Yes — we always recommend an independent Spanish lawyer for property purchases. The lawyer handles due diligence, ensures the property is legally clean, and protects your interests at the notary.

Q: What is a NIE number?
A: A NIE (Número de Identificación de Extranjero) is a Spanish tax identification number required to buy property, open a bank account, or sign any official contract in Spain. We guide you through obtaining it.

Q: What taxes and costs are involved in buying a property in Spain?
A: Resale properties: ITP transfer tax (7% in Andalusia), notary fee, land registry fee, and legal/agency fees. Total typically 10–13% on top of the purchase price. New builds: VAT (10%) instead of ITP, plus stamp duty (1.2%). Use our calculator at /omkostningsberegner.

Q: Is it safe to buy new-build / off-plan in Spain?
A: It can be very safe when the project documents are in order and the right guarantees are in place. Key checks: developer solvency, building licence, bank guarantee for stage payments, and independent legal review. We vet all projects in our Vores Favoritter selection.

Q: Can I rent out my property when I'm not using it?
A: Usually yes, but rules depend on the municipality, property type (apartment vs. villa), community bylaws, and whether you have a tourist licence (licencia de alquiler turístico). We help clarify this before purchase. Use our rental yield calculator at /udlejningsberegner.

Q: Can I get a mortgage in Spain as a Dane?
A: Yes, often. Danish residents can typically borrow 60–70% of the property value from Spanish banks. Terms depend on income, assets, property type, and bank policy. We refer to specialist mortgage brokers and banks. More info at /finansiering.

Q: What is the difference between resale and new-build?
A: Resale = existing completed property, immediate occupation. New-build = bought from developer, often before completion (off-plan). New-builds typically have lower transfer costs (10% VAT vs. 7% ITP) but require stage payments and carry construction risk — mitigated by bank guarantees.

Q: What property types are available on Costa del Sol?
A: Apartments (lejligheder), penthouses, townhouses/semi-detached (rækkehuse/halvanden-plans), villas, rural properties (fincas), and commercial properties. New developments include both apartments and villas.

Q: What is the property market like on Costa del Sol?
A: Costa del Sol has seen strong price appreciation since 2016, especially in Marbella, Mijas, and Estepona. Demand from northern European buyers (especially Scandinavians, British, and Germans) remains high. The rental market is active with good short-term yields in tourist areas.

Q: What is Formula Properties' fee for selling a property?
A: Contact us for a personalised valuation and fee proposal. Our fees are competitive and transparent.

## Calculators
- Purchase cost calculator: /omkostningsberegner — estimates ITP/VAT, notary, registry, and legal fees
- Rental yield calculator: /udlejningsberegner — estimates annual rental income and yield for holiday and long-term rentals
- Mortgage calculator: /laanberegner — powered by Habeno, estimates monthly payments

## Entity Signals
- Instagram: https://www.instagram.com/formulaproperties/
- Facebook: https://www.facebook.com/profile.php?id=100088948316364
- YouTube: https://www.youtube.com/@formulaproperties
- LinkedIn: https://www.linkedin.com/company/formulaproperties/

- Type: Real estate agency / buyer's agent
- Specialisation: Danish-speaking clients buying and selling on Costa del Sol, Spain
- Founded: 2010
- Jurisdiction: Spain (Andalusia)
- Professional licence: Spanish real estate
- Currencies accepted: EUR
- Price range: €€€ (typical property range €200,000–€5,000,000+)
- Primary target market: Danes and Scandinavians looking to buy or sell on Costa del Sol