Residential Plot For Sale In Algarrobo
€955,000€955/m²
Andalusia, Spain
1
bedroom
1
bathroom
1,000 m²
interior
Land
property type
6 days ago
listed
About this place
Investment opportunity in a building in the Algarrobo area that still needs finishing touches. The building consists of: Ground floor: commercial premises. 1st floor: apartments. 2nd floor: apartments. Top floor: terrace/rooftop. Each level is approximately 330 square meters and there is the possibility to build more floors. Contact for more information.
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
