There are always opportunities to be found, even in times of crisis, which could make purchasing a building plot to develop property on the Costa del Sol a very good investment in the Coronavirus-hit market.
If you take the advice of Mark Twain, land is always a sound buy. Commodity values tend to increase over time when supply is limited.
If you add value by developing something new on top of an underlying asset, such as developing a new project on a plot, the potential for returns increases as risk decreases. And when you act as developer yourself, you not only get to build the house you want with the materials you choose, but stand to benefit directly, rather than contribute to an off-the-shelf developer’s profits.
At Terra Meridiana, an international real-estate agency based at the heart of the Costa del Sol, we regularly work with ARK Architects to help Spanish and foreign clients find the ideal plot of land to build the house of their dreams. We list and source all kinds of development plots, from more accessible options in towns and villages to more exclusive expanses overlooking world-class golf courses and the Mediterranean Sea.
All the properties ARK have designed for our clients are at the higher end of the market, including landmark Costa del Sol properties. These range from the construction of luxury residences in sought-after locations, such as Villa Camoján, to the creation of new-build contemporary homes in areas like La Zagaleta, such as Heaven 11 .
As the marketplace for building land begins to feel the effects of uncertainty due to the Coronavirus pandemic, any decline in interest for plots could well mean prices may become more negotiable for buyers with cash to hand or financing in place.
Our close relationship with ARK Architects enables us not only to offer our clients access to some of the most in-demand land in the very best locations, but also to provide an introduction to one of the leading and most innovative architectural practices in Spain. We’re proud of the projects we have helped make happen with our colleagues at ARK and look forward to helping you find the right plot for your property development plans.
Terra Meridiana currently has more than 50 building plots listed in urban areas and urbanisations from Marbella to Estepona and Benahavís to Sotogrande. Prices start at around 150,000€ and rise to well over 1,000,000€ for some of the largest and best-located pieces land to be found anywhere on the Costa del Sol.