New-build property in Spain
New-build property in Spain means apartments, townhouses and villas that the buyer receives directly from the developer: off plan, under construction or completed. The Alegria Premium catalogue brings together more than 1,500 such homes on the Costa Blanca, the Costa del Sol and the Costa Calida, as well as in Valencia. New homes are built to the current Spanish building code, so they are better insulated and cheaper to run than homes of earlier decades. Many developments have gated grounds with a pool, parking and leisure areas.
Buying a new-build home in Spain
A citizen of any country can buy a new-build home in Spain: the purchase requires a foreigner's identification number (NIE) and a Spanish bank account. Payment is usually made in stages: the reservation, instalments on a schedule during construction and the balance when the deed is signed before a notary. Under Spanish law the developer must secure every amount paid before completion with a bank guarantee or an insurance policy. Alegria Premium specialists select the property, check the developer's documents and support the buyer until the keys are handed over.
Prices of new-build property in Spain
The price of a new-build home in Spain depends on the region, the distance to the sea, the type of property and the stage of completion: at an early stage of construction a home usually costs less than a completed one. On top of the price the buyer pays 10% VAT and stamp duty, the rate of which depends on the region, as well as notary fees and the registration of ownership. The current price of every property is shown in the catalogue: use the filter by town, property type and budget.
New-build homes sold directly by developers
Alegria Premium sells new-build homes directly from developers, with no commission for the buyer. Alegria has worked in Spain since 2011 both as a real estate agency and as the developer of its own residential complexes, so it knows the market from both sides. The buyer of a new home is protected by law: the developer is liable for structural defects of the building for ten years. We help to open a bank account, obtain an NIE and arrange a mortgage, and we stay in touch after the purchase.
Investing in new-build property in Spain
New-build homes in Spain are bought not only to live in or for holidays, but also as an investment. A new home is easier to rent out: it needs no renovation and meets what tenants expect today. Buying during construction lets you spread the payments and choose the best layout and floor. The property management department of Alegria can take over the rental and the upkeep of the home.
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