Spacious Urban Plot for Development in Palomares
€125,000
1,176 m²
plot
Land
property type
29 Jul 2026
listed
The Habio take
AI summaryThis expansive 1,176 m² urban plot in Palomares offers a prime opportunity for building new homes. Located in the heart of the village, it provides easy access to essential services and amenities.
- investment
- new build
- quiet
Highlights
- 1,176 m² urban plot
- Located in the heart of Palomares
- Ideal for multiple single-family homes
- Access to essential services
- Strategic location for development
Good fit for: Ideal for investors or developers looking to build residential properties.
Lifestyle scores
- Beach
- 60
- Walkable
- 80
- Remote work
- 50
- Family
- 60
- Retirement
- 60
- Airport access
- 60
- Investment
- 70
- Luxury
- 40
- Value
- 75
About this place
This remarkable 1,176 m² urban plot is situated in the centre of Palomares, making it an ideal location for your building project. The land is classified as urban, allowing for the construction of new homes, providing a versatile space that can accommodate several single-family houses or a private residential complex.
The plot's strategic location ensures easy access to all basic services, enhancing its appeal for future development. This is an excellent opportunity for investors or builders looking to create a new residential project in a thriving area.
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
