Why Buy a Newbuild Property in Spain?

Increased Demand and Price Rise for New Builds on Costa Blanca and Costa del Sol

In the past ten years, the sale of new builds on both Costa Blanca and Costa del Sol has significantly increased. The demand for modern, new properties has led to a considerable price rise, especially in the most popular locations near the coast and in urban areas. This is due to a combination of heightened interest from international buyers and a limited number of plots in attractive areas.

On Costa del Sol, prices for new builds have risen markedly, particularly in cities like Marbella, Estepona, and Fuengirola. New exclusive projects are often offered at higher prices in line with the increasing demand for quality homes near the beach and golf courses.

Similarly, price increases on Costa Blanca, especially in areas like Alicante, Torrevieja, and Orihuela Costa, have been driven by the growth of new build projects. Although prices here are still somewhat lower than those on Costa del Sol, several properties have seen significant value increases over the past few years.

Buying new builds in Spain offers several advantages, many of which are similar to those you find at home. You benefit from the latest building technology, and often you can influence the design of your new home. Perhaps you wish to choose materials, make customizations, or adjust the layout to suit your needs?

When your property is completed, the developer will first conduct a thorough inspection. An architect must then approve the property before handover. You have a duty to inspect before signing the title deed.

Spaniabosted offers a detailed review of the property on your behalf, but if desired, you can also hire an external inspector. After handover, you can settle in and make a list of any adjustments.

Should you discover any faults or defects in your new home, you have up to one year to report this to the developer. Additionally, you receive a 10-year guarantee on structural issues when purchasing new builds in Spain.

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