New Build vs. Resale Property Spain – Pros & Cons
Buying a property in Spain involves a major decision: Should you choose a modern new build or an existing resale home?
Both options appeal to different types of buyers. New builds offer contemporary design, energy efficiency and low maintenance, while resales stand out for their charm, established neighborhoods and negotiation opportunities.
Along Spain’s coastlines – from the Costa Blanca to the Costa del Sol – property markets feature a mix of sleek new developments and traditional homes. Understanding the differences between them is key to making a secure and profitable investment.
This guide explains what to look for when comparing new builds and resale properties in Spain. You’ll learn about costs, taxes, legal aspects, and practical advice to help you make an informed choice for your purchase.
What are the main advantages of new build properties?
- Modern design: Contemporary layouts, energy-efficient standards.
- Low maintenance: Few repairs in the first years.
- Warranty: 10-year builder’s guarantee (“Seguro Decenal”).
- Customization: Options to select finishes during construction.
Checks: permits, developer’s reputation, and bank guarantees.
Why choose a resale property in Spain?
- Authentic character: Traditional houses with unique details.
- Established areas: Developed neighborhoods with services.
- Ready to move in: No construction waiting period.
- Negotiation: More flexible on price reductions.
Checks: legality of extensions, renovation needs, registry debts.
How do the costs compare?
- Price: New builds are more expensive but higher standard.
- Taxes: VAT 10% (new build), ITP 6–10% (resale).
- Maintenance: Resale may require higher renovation costs.
Which legal documents are essential?
- Nota Simple: Registry extract – ownership and debts.
- Permits: Required in all cases.
- Energy Certificate: Mandatory for sales.
- Occupancy License: Often needed for resales.
Final decision: new build or resale?
- New build: modern, secure, low-maintenance.
- Resale: charming, established, negotiable price.
Always seek professional legal and technical advice.
Notice
The content of this page and the detailed pages containing specific information has been created with the utmost care. However, this content is only for informative purposes and does not constitute legal or tax advice. For legal or tax questions, you should always consult with a qualified expert such as a lawyer or tax advisor. We assume no responsibility for the legal validity of the information provided at any given time or at a later date.