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2,400m² of urbanisable land positioned within a larger approved residential development in Montemayor, Montemar.
The master development has already been passed, providing planning clarity and defined future use. However, the project has not yet been sold ,creating a genuine land bank entry point ahead of market maturity.
The parcel is currently divided into three individual 800m² plots, offering flexibility for phased resale or future development. Each plot allows construction across three levels, supporting single-family villa projects once the surrounding development progresses.
For investors, the fundamentals are clear:
• Approved wider development framework
• Entry before full market activation
• Three independent resale units
• Urban classification within structured growth area
• Panoramic views enhancing future end values
Acquire now, hold through progression, and exit into a more mature market.
Serious land bank investors only.
Property Features
- 0 bedrooms
- 0 bathrooms
- 2,400m² Plot size
Costing Breakdown
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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Mortgage Result
* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.