Residential Plot For Sale In Málaga
€650,000€1,210/m²
Andalusia, Spain
1
bedroom
1
bathroom
537 m²
interior
Land
property type
6 days ago
listed
About this place
OPPORTUNITY FOR DEVELOPERS & INVESTORS – PRIME DEVELOPMENT PLOT WITH BUILDING LICENSE GRANTED IN MÁLAGA CITY CENTER Exclusive investment opportunity in Lagunillas, one of the fastest-transforming and most promising areas within Málaga's Historic Center. Urban plot of 121 m² offered with an approved basic project for the construction of 6 residential units and 6 storage rooms, already benefiting from a granted building license, fully paid urban planning fees, and completed archaeological study with no findings, significantly reducing development times, costs, and urban planning uncertainty. The project includes a total built area of 537.53 m² distributed across basement, ground floor, and three upper floors. One of the key advantages of this investment is the flexibility of the project, which can be modified and adapted to suit the buyer's needs, allowing optimization of layouts, unit typologies, and investment strategy. Main Features: * Urban plot of 121 m² * Project for 6 apartments + 6 storage rooms * 537.53 m² built area * Building license already granted * Urban planning fees fully paid * Possibility of license extension in accordance with current regulations * Modifiable project * Archaeological study completed with no incidents * Next to renovated park areas and urban improvements * Prime location in Málaga city center Lagunillas is currently undergoing significant regeneration and appreciation, with increasing residential and investor demand, just a few minutes' walk from Málaga's Historic Center, Plaza de la Merced, and the city's main cultural and commercial areas. Potential for residential development and possible adaptation for tourist accommodation, subject to current urban planning regulations and technical assessment. Price: €799,000 Further information and full documentation available for qualified buyers upon proof of financial solvency.
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


