cheap plots el madronal plot of land la zagaleta plots at el madronal plots for sale marbella villa plot sierra blanca a
Although there are many resale villas in Spain for sale, and a tempting choice of so-called distressed Spanish villas on the market, there are still plenty of discerning buyers who are finding that they can only truly get exactly what they really want by building it themselves.
The idea of self-build in Spain can at first seem terrifying, but it can be broken down fairly simply into its 3 component parts.
1. Purchase a plot of land in SpainThe first thing you need to do is to buy the land. Stick to the best areas and try to haggle the best deal, although remember that land may be in short supply in particularly attractive areas and developments. For instance, in the Marbella property market, we have noticed that although the aspirational mid-market dominated by the Brits has suffered from a lack of demand due primarily to the crises afflicting the economy, the supply of credit and sterling, the top end of the market has remained stable, as it hasn´t had to rely on volume purchasers and the buyers tend to come from a broader demographic spread. In Marbella, the 5 star areas that also offer a degree of security have remained popular with buyers, and there is always demand for plots in El Madronal, La Zagaleta and Sierra Blanca, the 3 jewels of the Marbella crown. As these areas are so well-established and there is a paucity of new-build villa stock to choose from, land is in short-supply and most buyers would prefer to start from scratch.
Although land prices in the Sierra Blanca estate can still extend to a mind-boggling €1,000 per square metre, and the community fees within La Zagaleta can dissuade many prospective purchasers from buying (there are 2 private golf courses to maintain and pay for, after all), the neighbouring estate of El Madronal currently looks like great value. Offering a natural habitat of pine forests and dramatic valleys, and with a minimum plot size of nearly 3,000 square metres, El Madronal appeals to those looking for a lavish, private hideaway amidst a scenic setting. Plots of land at El Madronal currently start from around €70 per square metre, and although the land is often steep and requires additional spending on retaining walls, investors can end up with a spectacular dwelling for a fraction of the market cost of a similar, completed villa….even in the current depressed market.
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