Land For Sale In Cómpeta
€226,000
Andalusia, Spain
1
bedroom
1
bathroom
Land
property type
4 days ago
listed
About this place
The location of this large, south-west facing plot offers beautiful views to the village of Competa (Malaga), towards the sea, the bay of Torre del Mar, and on clear days the North African Coastline. This plot is conveniently situated, within walking distance to the main square and all amenities of the village, located just off the tarmac road, borders with the urban part of the village and is ideal for developers to build a Residential Care Home or Nursing Home for the elderly people. This plot of approximately 30,000 m2 consists of 3 individual and adjoining plots, each with its own title deed and own plot number. Please note that there is a high demand for Residential Care Homes in this area. Investors may be interested in building a Residential Care Home, to cover up 6 nearby villages, making this an excellent investment. This project could serve the local Spanish people, as well as other nationalities, who live in this area. Different building projects could be taken into consideration: * Residential Care Home * Nursing Home * Assisted Living * Large Residential Home * Community Recreation Center * Spa Retreat Center * Commercial space * Urbanisation Also, other investment project possibilities could be taken into consideration. For example a Rural Hotel with small, adjoining chalet units for individuals with a large community pool, etc. DISCLAIMER Please note that the above mentioned project examples are just ideas who possibly could be realised on this plot. For any building project, planning permission is required and we assume no responsibility and give no guaranty if no building permit will be granted. It is the investor's responsibility to check with the Town Hall about terms and conditions in order to obtain planning permission. The plot will be sold as-is and does not include taxes, building license, costs for the building project, etc. All information contained on this website is provided without any warranty of any kind and you use the information at your own discretion. Information on this website can be changed at any time.
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.
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
