Spacious 17,020 m² Plot near Pina Village, Algaida
€325,000
Algaida, Algaida, Spain
17 m²
plot
Land
property type
2 weeks ago
listed
The Habio take
AI summaryExplore this expansive 17,020 m² plot situated just outside the picturesque village of Pina in Algaida, a convenient short drive from Palma. This area offers a blend of peaceful rural living with easy access to urban amenities.
- countryside
- investment
- quiet
Highlights
- Large plot size of 17,020 m²
- Close proximity to Palma
- Quaint local village atmosphere
- Potential for residential development
Worth knowing
- Development approvals may be required
- Car likely needed for daily errands
Good fit for: Ideal for buyers seeking a spacious plot for a bespoke home or investment project.
Lifestyle scores
- Beach
- 30
- Walkable
- 40
- Remote work
- 50
- Family
- 65
- Retirement
- 70
- Airport access
- 70
- Investment
- 60
- Luxury
- 50
- Value
- 75
About this place
Discover this generous plot of 17,020 m² located just outside the charming village of Pina, within the municipality of Algaida, only a short drive from Palma.
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
