Building Plot with Development Potential in Manacor
€160,000€2,222/m²
Manacor, Manacor, Spain
10
bedrooms
1
bathroom
72 m²
interior
128 m²
plot
Development
property type
2 weeks ago
listed
The Habio take
AI summaryThis versatile building plot in Manacor is perfect for constructing a single-family home or multiple apartments, offering various development options. Its central location provides easy access to city amenities and transportation links.
- investment
- walkable
- city
Highlights
- Development options for single-family home or apartments
- Central location with convenient access
- Walking distance to city centre and amenities
- Generous plot size of 128 m² for various projects
- Flexible plans suitable for investors
Worth knowing
- Limited internal area of 72 m² for immediate use
- Single bathroom may restrict larger group occupancy
Good fit for: Ideal for investors or developers looking for a central project.
Lifestyle scores
- Beach
- 0
- Walkable
- 80
- Remote work
- 60
- Family
- 50
- Retirement
- 50
- Airport access
- 70
- Investment
- 75
- Luxury
- 30
- Value
- 80
About this place
This excellent building plot offers the flexibility to construct a single-family home or multiple apartments, making it ideal for various development projects. The property is well-positioned with easy and convenient access, ensuring smooth transportation and connectivity. It is located in short walking distance from city center and all amenities.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
