Urban Plot with Project to Build in Santa Margalida
€199,000
Santa Margalida, Santa Margalida, Spain
159 m²
plot
Land
property type
7 Jun 2026
listed
The Habio take
AI summaryThis 159m² urban plot in Santa Margalida offers a unique opportunity to develop a property with a project for a house of approximately 182m². Set on the outskirts of the charming village, this location provides a serene lifestyle while being close to the beauty of Mallorca's north-eastern coast.
- countryside
- walkable
- investment
Highlights
- Urban plot with building project included
- Potential for a three-storey house
- Idyllic village atmosphere
- Close to the north-eastern coast of Mallorca
- Opportunity to design your own home
Worth knowing
- Building regulations must be adhered to
- Plot size may limit certain designs
Good fit for: Ideal for those looking to build a bespoke home in a tranquil setting.
Lifestyle scores
- Beach
- 40
- Walkable
- 60
- Remote work
- 50
- Family
- 60
- Retirement
- 75
- Airport access
- 50
- Investment
- 70
- Luxury
- 45
- Value
- 80
About this place
This urban solar can be found on the outskirts of the idyllic village of Santa Margalida, in the North East of Mallorca. The property consists of 159m2 and disposes of a project to build a house of approximately 182m2 with a ground floor plus two storeys on top according to regulations.
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.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
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
