Residential Plot For Sale In Torremolinos Centro
€740,000€4,901/m²
Andalusia, Spain
1
bedroom
1
bathroom
151 m²
interior
Land
property type
5 days ago
listed
About this place
Main urban characteristics: 1. Maximum permitted height: ground floor + 4 floors. 2. Estimated development: approximately 1,294.52 m² of residential space. 3. Allowed uses: residential construction or tourist apartments with a commercial space on the ground floor. 4. Reinforced area with high income potential for residential or mixed-use projects. 5. High demand in the region, making it ideal for developers and investors. A detailed technical report analyzing the urban planning feasibility and development potential of the site is available, facilitating decision-making. Don't miss this unique opportunity to build a building in a privileged location with great growth potential! Contact us for more information and a comprehensive analysis.
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
