Investing in real estate in Spain: is it more interesting to buy a new property or to build it?

In love with Spain, you have decided to take the plunge and acquire a foothold in this beautiful country. While it is important to choose the region in which you want to invest, another question quickly arises: are you going to buy new or build?

Real Estate Costa Brava helps you to see more clearly.

New home: the solution for buyers in a hurry

Buying a home in Spain can be relatively quick, especially if you don't need to apply for a bank loan. Indeed, while it is strongly recommended to have all administrative documents checked by a professional, the law does not provide for a pre-emption period as in France. The search for the ideal property and the negotiation can go quickly if you are accompanied by a competent professional. It is therefore possible to become an owner in a few months, and to quickly benefit from your new home!

A construction project is generally much longer: between the purchase of the land, the realization of the plans and the building, and the interior design, you will need more than a year.

Choose the ideal location

Location is often a determining factor. In fact, whether in town or in the countryside, if you want to be close to the center, shops and transport, you will probably have to opt for an existing accommodation. On the contrary, if you dream of peace and tranquility, great opportunities are available to you both in new construction and in construction. It is also essential to take the time to define the characteristics of the property you wish to acquire. The surface, the typology, the equipment, the existence of a garage, a swimming pool, a garden, a terrace… This will allow your real estate advisor to refine his research and to propose the corresponding offers to you. in the building or, if necessary, to direct you towards a construction project.

Have a house built in your image

Opting for construction brings you the guarantee of tailor-made accommodation, designed according to your aesthetic expectations and your practical needs. Orientation, arrangement of rooms, energy consumption: your future living space is tailor-made by your architect in accordance with your desires. Buying a new house involves projecting yourself into an already existing space, with its strengths and constraints. Whether it is a new home or a construction, you are guaranteed to benefit from good energy efficiency and insulation that meets the latest standards. The recommendations of your real estate agency on site will be invaluable in identifying the right builders.

Focus on off-plan buying in Spain

The acquisition of a modern design apartment in Spain often involves buying off plan. These projects generally offer housing that meets thermal and acoustic insulation standards and benefit from a ten-year guarantee. Buying off-plan housing is generally financially attractive compared to second-hand housing. In addition, financing plans allow you to benefit from a certain flexibility: the bulk of the purchase price is paid on delivery. The main disadvantage of this formula is the waiting times, since it can take up to 24 months before you can enter your apartment. As with any construction project, it is necessary to be able to plan before the purchase! However, developers generally have a show apartment to show clients. Otherwise, the presentation is made on a model, using photos or videos and samples of the materials and equipment used for the final project. It is also possible to make virtual tours from abroad for this type of project. We nevertheless recommend that you never commit to a real estate purchase without having visited the place in question first. In order to avoid major disappointments (fraudulent constructor, poor location, etc.), contact a local expert who will be able to guide you towards reliable projects in the sector.

The financial aspect

By choosing to build a new home, you save up to 30% of the price compared to buying a new home already built. You also save yourself the unpleasant surprises of a construction for which you are not responsible, and choose the materials that suit you. You thus offer yourself financial peace over many years.

Investing in new buildings or building a property, both possibilities exist in Spain and each have their advantages and disadvantages. Whatever your project, it is essential to be well supported. Contact Real Estate Costa Brava now: our team of real estate advisers offers you a tailor-made service for your real estate investment project in Spain. Thanks to our network of local partners and our perfect knowledge of the Spanish real estate market, we will be able to offer you a selection of accommodation to suit your desires.