La Zagaleta - Great Potential Plot

There are some exclusive areas in the Costa Del sol area of Spain, but none more than the La Zagaleta estate in the mountains of Benahavis. Villas range in price in this development from approximately €3 million through to €20 million and everything in between. There have been some interesting price reductions there lately, but generally at this level of real estate real bargains are difficult to find. There is another way of ensuring you have sufficient equity in a property within La Zagaleta and that can be achieved by buying a plot and constructing a house from scratch. There are several plots available and one with good sea views can be obtained for around €1.3 million. If you look at an approximate build cost of €2500 per m2 and a further €300,000 for the retaining walls. Constructing a 700m2 house with bring the overall cost of a completed house at approx. 30% cheaper than the current market value properties are transacting at.

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