Prime Development Plot for Luxury Villa in Portals Nous
€3,480,000
Spain
Land
property type
6 days ago
listed
The Habio take
AI summaryThis premium development plot offers a unique opportunity to build a bespoke luxury villa in the prestigious Portals Nous, renowned for its upscale residences and beautiful coastal scenery. Enjoy partial sea views and abundant sunlight in this highly sought-after Mallorca location.
- coastal
- investment
- luxury
Highlights
- Prime residential location
- Rare opportunity for a bespoke build
- Partial sea views
- Abundant sunlight exposure
- Close to upmarket amenities
Good fit for: Ideal for buyers seeking a luxury investment in a prime location.
Lifestyle scores
- Beach
- 80
- Walkable
- 60
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 70
About this place
A rare opportunity to secure a prime development plot in the prestigious residential enclave of Portals Nous, Mallorca. This exclusive site represents one of the few remaining opportunities to build a bespoke luxury villa in one of the island’s most desirable coastal addresses. Positioned to capture partial sea views and abundant sunlight, the plot offers […]
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
