Rincon de la Victoria. Credit: Diputación de Malaga
Property developers and investors can now have the chance to snap up valuable buildable land rights in Rincon de la Victoria through a new online auction starting at symbolic €1.
The auction relaunch follows no bids in the initial round
Specialist platform Escrapalia relaunched the sale of development rights tied to Finca Registral 3219 within sector UR R-3 Los Algarrobos in the Malaga area. Auctioneers originally set the starting auction price last month at just over €33,000 with no offers received. They now value the asset at €63,700 and list it for symbolic bids from €1.
Substantial buildable space awaits the successful bidder
Rights cover more than 360 square metres of floor area dedicated entirely to free housing without any social housing quota. This factor boosts appeal compared to similar zones along the Malaga coastline. The original plot size reached 1,796 square metres and accounted for 2.23 per cent participation in the sector.
Auctioneers handled the land sale through economic reparcelling since it fell short of minimum size for an independent plot of land. Such measures transform the holding into a liquid and transferable asset suitable for various uses.
Urbanisation expenses form a key part of acquisition
The successful bidder will take on proportional urbanisation costs estimated at over €33,700 based on provisional sector accounts. Participants in the auction can apply this right as compensation currency in allocation surpluses or view it as a financial investment linked to final land value.
Bidding window closes early July
The current auction runs until 12.30pm on July 7. If you’re interested, registration on Escrapalia requires an €8,000 guarantee deposit, fully refundable for unsuccessful bidders.
The asset stems from the company liquidation process
Rights originate from the winding up of the company Promociones Barranco y Carrillo under the supervision of the Commercial Court in Cordoba. Potential buyers include promoters seeking to complete buildability on nearby plots, institutional investors focused on low-risk urban assets with strong liquidity, and funds targeting land appreciation across the Malaga metropolitan area.
Sector reaches advanced development stage
The Los Algarrobos area sits in the final urban development phase with an approved urbanisation project and completed environmental procedures. Council officials stand ready to issue building licences immediately. Location north of the A-7 motorway places the zone near established residential communities such as Montesol.
This opportunity delivers a low-entry route into Malaga province property development amid ongoing demand for housing stock in prime coastal locations. Participants benefit from full ownership flexibility and potential for swift project advancement once acquired.
