Land For Sale In Costabella
€930,000
Andalusia, Spain
1
bedroom
1
bathroom
Land
property type
6 days ago
listed
About this place
Currently, under the current urban development plan, the plot is classified as unconsolidated urban land, making construction unfeasible. It is awaiting a PERI (Special Interior Reform Plan), meaning it would need an urbanization project, and the initiative would be cooperative, which means it doesn't solely depend on the owner. It is worth mentioning that in the 2010 urban plan, which was annulled, this plot was designated for public facilities, but that doesn't mean the new plan being drafted will assign the same use. In summary, it is a plot with no approved planning or management, and in the current situation, construction licenses would not be granted. The plots in the same area that are being built either had a license before 2015 or are out of planning scope and fall under specific regulations. The new Marbella urban development plan is currently in the preliminary stage, which means it neither classifies nor qualifies the land yet. We will have to wait for the initial approval phase to know more about the classification of the plot in the new plan.
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
