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Buying property in Spain is very easy

Spain is the number one destination for tourists in Europe. So, not a surprise that many foreigners decide to buy property there.

Buying a property in Spain is not too difficult: you can do it alone, but it is strongly advised to work at least with a local real estate lawyer. Of course, local professionals like local property hunters are nice to have.

Before starting our full review on how to buy your Spanish property, we give you three easy-to-use summaries on the subject:

• Our downloadable step-by-step infographic with all the issues we will cover
• Our summary of the key insights you will learn in this article
• Our 2-minute video on the subject (if you are on the go)

 

Our downloadable step-by-step guide on how to buy your property in Spain

Buying property in Spain? Here is our step-by-step guide. Click on the picture or on this link for the pdf downloadable version.

 

Too busy? Here is our quick-read summary and our 2-minute video:

 

How to buy a property in Spain?  Our key insights

1. Eligibility for foreigners: Expats can buy property in Spain. It’s advisable to consult a legal professional throughout the process to ensure compliance with Spanish laws. For certain foreigners, a Golden Visa is available to facilitate living in Spain.
2. Cost of Property: The cost of buying property in Spain averages at about 15% of the property’s value, which includes taxes.
3. Best Places to Buy: Choice of location depends on personal preference and intended use of property. Popular regions include Andalusia, the Valencian Community, Catalonia, and the Balearic and Canary Islands.
4. Spanish Property Market: The Spanish property market has seen a recovery in recent years. By early 2024, property prices in Spain averaged €1.835 per square meter.
5. Homeownership Vs Renting: Deciding between buying or renting in Spain involves considering income level, interest rates, rental prices and the general economic situation. Each individual’s circumstances will determine the best choice.
6. Finding Property: Several resources are available to aid in finding the ideal property in Spain. These include guides on starting a Spanish property search, determining the best places to buy, and checklists for different buyer profiles.
7. Working with a Property Hunter: A local property hunter can offer expertise, negotiate the best deal, save time, protect buyer’s interests, assist with language barriers, and provide post-purchase support.
8. Legal Adviser: It’s advisable to work with a real estate lawyer to ensure the property purchase is watertight and avoid potential issues.
9. New-Build Homes: Spain offers advantages for those looking to purchase a new-build home. Abundant plots, high-quality materials, and affordable labor costs are some benefits.

 

Buying property in Spain, our 2-minute video

Would you like to watch this video in your own language? Click at the bottom right of the video on “cc” to get subtitles in your language.

 

 

After this quick introduction, let’s give you all our useful resources on how you should buy your property in Spain to enjoy a nice and safe journey.

#1 May foreigners buy property in Spain?

Yes, foreigners and expats may property in Spain. Spain welcomes foreign buyers, including expatriates, who are interested in purchasing property within the country. There are no specific restrictions or limitations on property ownership for expats in Spain. However, it is advisable to seek professional legal advice and guidance throughout the purchasing process to ensure compliance with Spanish laws and regulations.

For some countries, it is more tricky to buy and/or stay in Spain for a long period of time. The good news is that Spain has created a Golden Visa for foreigners looking to invest in Spain.  Don’t miss our detailed article for more on that subject: Golden Visa in Spain: Your ultimate guide!

How to get a golden visa in Spain?

 

#2 What are the costs of buying a property in Spain?

Your first question before buying your property will be: Does it cost a lot to buy a property in Spain?

On average the cost of buying a property in Spain will be close to 15%. As in many countries, they are taxes involved with your property purchase.  We wrote a paper to give you the detailed answer: “The cost of buying a property in Spain“.

 

The cost of buying a Spanish property

 

#3 Best places to buy a property in Spain for foreigners

 

There are many beautiful regions in Spain. Everybody can find what he is looking for. Depending on your personal project, you could decide on one region rather than another: for instance, if you want to stay all the winter months in Spain, the canary islands could be a nice location if you want at least 20 degrees. In order to help you zoom in on the best Spanish region, we wrote a detailed article on that subject: Where are the best places to buy a property in Spain?

It discusses the choice between a sea view or a countryside setting, with the majority of foreigners preferring properties near the beaches. The popular regions for property purchases are Andalusia, the Valencian Community, Catalonia, and the Balearic and Canary Islands.

A few questions and ideas to help you:

• When do you want to stay in Spain? Which period of the year? Which weather do you like?
• How often? The proximity of an Airport?
• Do you have a good budget? The countryside is cheaper. See the next item in the article on the “Spanish property market”.
• What is your property use? Second homes, first homes for relocation or retirement, and investment properties

We advise you to read our detailed articles on all the Spanish Costas and of course, visit different areas in Spain.

If this could help, here is our article on where foreigners love to buy properties in Spain.

 

The Spanish property market and property prices

The Spanish property market experienced a significant boom in the early 2000s, fueled by a combination of factors such as favourable mortgage lending conditions, increased demand, and a growing economy. However, the market faced a major downturn during the global financial crisis in 2008, leading to a sharp decline in property prices and a rise in mortgage defaults. At the top in 2007, property prices were valued at €2.100 per square meter while it reached the bottom in 2014 when it went under €1.400 per square meter for the Spanish national average.

In recent years, the Spanish property market has shown signs of recovery, with increased demand from both domestic and foreign buyers. Factors such as low-interest rates, favourable lending conditions, and improved economic conditions have contributed to the growth in homeownership. Additionally, government initiatives and incentives, such as tax benefits for first-time buyers, have aimed to stimulate the housing market. So, as of early 2024, property prices in Spain are back to €1.835 per square meter.

Don’t miss our detailed article on that subject covering all the real estate prices of the major Spanish cities.

Beach of Los Muertos, Cabo de Gata-Níjar Natural Park, UNESCO Biosphere Reserve, Hot Desert Climate Region, Almería, Andalucía, Spain, Europe

Homeownership in Spain

Homeownership in Spain is very high vs other European countries. Owning a property is considered an important goal for many Spaniards, and it is seen as a sign of stability and financial security. According to statistics, around 78% of households in Spain were homeowners as of 2021. This means that there are fewer rental properties on the market and maybe a lower turnover as well on properties. To compare with other European countries: Italy has homeownership above 70% and France and United Kingdom are above 60% while Germany is just above 50%.

It is worth noting that the homeownership rate varies across different regions of Spain. In urban areas and larger cities, such as Madrid and Barcelona, there is a higher prevalence of renting due to factors like higher property prices and a more transient population. On the other hand, in rural areas and smaller towns, homeownership rates tend to be higher.

Overall, while homeownership remains a popular choice in Spain, renting is also common, particularly among younger generations and those living in urban areas. The decision to buy or rent a property depends on individual circumstances, financial considerations, and personal preferences.

 

Should you buy or rent property in Spain?

Deciding whether to buy or rent property in Spain involves considering various economic factors, including the level of income, interest rates, rental prices and the general economic situation. Here’s a breakdown of how these factors can influence your decision:

Level of Income: The level of income is a crucial factor in determining whether buying or renting is more feasible. Generally, higher income levels provide more flexibility and affordability for purchasing a property.

Interest Rates: Interest rates play a significant role in the affordability of buying a property. When interest rates are low, borrowing costs decrease, making mortgages more affordable. If interest rates are low in Spain, it can be advantageous to buy since you can secure a favourable mortgage rate, potentially resulting in lower monthly mortgage payments compared to high rental prices. On the other hand, if interest rates are high, renting may be a more financially reasonable option as it avoids taking on a mortgage with unfavourable borrowing costs.

Rental Prices: Rental prices in Spain vary depending on the region, property type, and demand. Comparing rental prices to the cost of buying a similar property is essential.

General economic situation: Is your job stable? Are property prices expensive or not at a nationwide level? Vs international cities? Is the economy growing? What about inflation?

Ultimately, the decision to buy or rent in Spain depends on personal circumstances, financial stability, long-term plans, lifestyle preferences and the economy in general. It is always wise to discuss this further with financial and real estate advisors.

 

Don’t worry there are bank properties for all budgets in Spain. If you are on a tight budget, we give you direct access to Spanish bank properties.

Short-term (holiday) lets

Before buying a property, you can rent a property. Each Spanish region has its own regulation on short-term rentals. So, if you want to invest in a property for short-term rentals, it is wise to double-check with a legal advisor.

Yacht berth in Barcelona. Spain

 

#4 How can I find my dream property in Spain?
What is your ideal property?

 

Buying property in Spain alone

We wrote a detailed guide on that with different sections helping you to find your ideal home in Spain, whatever your goal is: relocation, remote working, investment, second home, retiring to Spain… We have you covered.

Here is the link to this major study: Our ultimate guide to buying your property in Spain if you want to start your property search in Spain

Here is what you will learn in our detailed study:

• The article is a guide for foreigners buying property in Spain, leveraging the authors’ expertise and network.
• Spain is a top property investment destination due to its climate, lifestyle, and affordable prices.
• The guide answers questions about the property buying process in Spain.
• It recommends working with local experts as property hunters, and technical advisors, and obtaining an NIE (local tax number).
• To avoid pitfalls, the guide suggests hiring a real estate lawyer for legal aspects.
• It lists the different criteria you should use to compare the different potential properties and avoid an emotional decision.
• It outlines the process for starting a property search, including setting objectives, budget, and home criteria.

 

That study is followed up by four detailed articles so that you get all your answers and all our tips before going after your dream property: You will start with this one: How should you start your Spanish property search?

Once you will find a few properties that are meeting your criteria, you will need to compare those.

 

Property Purchaser’s checklist

In this article, The best search tips for buying your Spanish property we have created a dedicated checklist for each buyer profile: second home, relocate, investment property, retire in Spain. With those downloadable pdf, you will be able to compare your top properties by all the different persons involved in this project thanks to useful criteria and a perfect ranking system taking emotions out of the decision.

On top of that, we give you all the most important criteria according to us each real estate use: second home, investment property, relocate, retire,…

Fishing Port, Mutriku Harbour, Old Town, Mutriku, Guipúzcoa, Basque Country, Spain, Europe

 

How to compare and rank different properties to make the best choice?

Use our ranking system for comparing your future Spanish homes

Ranking your property according to criteria will allow you three main objectives

1. remove emotions
2. help you to compare properties
3. allow you to discuss and compare properties with your partner(s)

The idea is simple: to create a weighted matrix containing the physical characteristics (pragmatic, rational) of the house, we will call them the Criteria and you will give each of them an importance level (personal, irrational) or Weight. Each person involved with the project should do the same.

Listing those locations and property CRITERIA in a table will help you for comparing the different properties visited by giving them a global score.

The CRITERIA are rational and shouldn’t take into account your personal feelings (unless for one). They are listed beforehand by all the parties involved in the form of an exhaustive list of each of their criteria.

How to compare two second homes in Spain before purchasing the good one?

 

#5 Finding the perfect property with a local property hunter

It is very wise to work with local property finder as you can see, there are many benefits of working with a property hunter:

1. Market Knowledge: Property finders have extensive knowledge of the market, prevailing prices, neighbourhoods, and reliable partners.
2. Cost Savings: A property finder negotiates the best deal for you, potentially saving you a significant amount of money.
3. Time Savings: Property finders search the market on your behalf, saving you time and effort. They have contacts and can make multiple visits in a day.
4. Protection of Interests: Property finders work for the buyer, ensuring their interests are protected throughout the buying process.
5. Language Assistance: Property finders speak both Spanish and your language, bridging the communication gap and facilitating the process.
6. Post-Purchase Support: Property finders assist with tasks like opening utility meters, contacting property owners, paying taxes, and finding local partners for renovations or property management.

Using a property finder streamlines the property search process, saves time and money, provides market expertise, and offers support throughout the entire buying process.

Find a local property hunter in our network and read more on that here.

 

#6 Don’t forget the legal adviser

Buying a property in Spain alone is perfectly fine, but we always strongly advise working with a real estate lawyer as we wrote in our article. If we should cite only one reason, the lawyer will make sure that your property purchase is watertight as the notary is not legally obliged to check different potential issues with the property.

Seascape from Peña Furada Viewpoint, Ortigueira, A Coruña, Galicia, Spain, Europe

 

#7 Buying a new-build home in Spain

When considering the purchase of a new build property, Spain offers three significant advantages. Firstly, Spain stands as Europe’s leading source for a wide range of high-quality materials, including tiles. Secondly, the cost of labour is reasonably affordable. Lastly, the country’s expansive size and extensive coastline make it an ideal location for development, offering abundant plots for construction projects.

Discover the best new build projects in Spain available right now

New build for sale in Spain € 320,000

2 beds 1 bath 61.3 m²

New build for sale in Spain € 313,000

2 beds 2 baths 61.3 m²

New build for sale in Spain € 540,000

3 beds 3 baths 191 m²

New build for sale in Spain € 520,000

3 beds 2 baths 109 m²

New build for sale in Spain € 345,000

2 beds 2 baths 97 m²

New build for sale in Spain € 435,000

3 beds 2 baths 114 m²

New build for sale in Spain € 350,000

3 beds 2 baths 106 m²

New build for sale in Spain € 273,000

2 beds 2 baths 83 m²

New build for sale in Spain € 368,000

3 beds 2 baths 103 m²

New build for sale in Spain € 315,000

2 beds 2 baths 90 m²

New build for sale in Spain € 245,000

2 beds 2 baths 83 m²

New build for sale in Spain € 335,000

3 beds 2 baths 98 m²

New build for sale in Spain € 250,000

2 beds 2 baths 90 m²

New build for sale in Spain € 420,000

2 beds 2 baths 81.7 m²

New build for sale in Spain € 475,000

3 beds 2 baths 101.9 m²

New build for sale in Spain € 490,000

3 beds 2 baths 119.8 m²

New build for sale in Spain € 540,000

3 beds 2 baths 129.2 m²

New build for sale in Spain € 530,000

3 beds 2 baths 106.9 m²

New build for sale in Spain € 370,000

2 beds 2 baths 88.9 m²

New build for sale in Spain € 440,000

3 beds 2 baths 106.9 m²

New build for sale in Spain € 367,000

3 beds 3 baths 177 m²

New build for sale in Spain € 262,000

3 beds 2 baths 84 m²

New build for sale in Spain € 242,000

2 beds 2 baths 72 m²

New build for sale in Spain € 277,000

2 beds 2 baths 73 m²

New build for sale in Spain € 255,000

3 beds 2 baths 85 m²

New build for sale in Spain € 220,000

2 beds 2 baths 71 m²

New build for sale in Spain € 240,000

2 beds 2 baths 80 m²

New build for sale in Spain € 280,000

3 beds 2 baths 88 m²

New build for sale in Spain € 585,000

3 beds 3 baths 162 m²

New build for sale in Spain € 348,000

3 beds 2 baths 220 m²

New build for sale in Spain € 355,000

3 beds 2 baths 100 m²

New build for sale in Spain € 385,000

2 beds 2 baths 76 m²

New build for sale in Spain € 325,000

3 beds 2 baths 97 m²

New build for sale in Spain € 269,000

2 beds 2 baths 81 m²

New build for sale in Spain € 631,000

3 beds 2 baths 123 m²

New build for sale in Spain € 345,000

2 beds 2 baths 154 m²

New build for sale in Spain € 430,000

3 beds 2 baths 116 m²

New build for sale in Spain € 730,000

3 beds 2 baths 149 m²

New build for sale in Spain € 529,000

3 beds 2 baths 133 m²

New build for sale in Spain € 319,000

2 beds 2 baths 87 m²

 

#8 Moving into your Spanish property

Our checklist for a new property owner in Spain

Yes, you did it, you bought your property. Now, you have some easier task to set up like opening utilities and so on…

The 18 things to do as a new property owner in Spain 

Barcelona City in Spain seem from the air, showing the impressive architecture and block systems of the apartments and offices in the busy Spanish metropolis

Cost of Owning a home in Spain

Of course, a property is an investment and it means that you have costs for the property. We calculated for an apartment in Barcelona that costs are between 0.5% and 1% of the property price on a yearly basis.

Does it cost a lot as an owner of a Spanish property? Check our paper: “The cost of owning a property in Spain“.

Yes of course you got it… Taxes again: What taxes do you have to pay on your Spanish property?

 

#9 The 9 Steps to buying your Spanish property

In order to complete this review on the buying process of your property in Spain, in this section, you will have a closer look at all the different practical steps before you become an owner in Spain.

if you prefer, listen to our 2 min 30 seconds Video on the 9 steps to buying your Spanish property:

1. Get your NIE “Número de Identificación de Extranjeros”

   It is a unique tax identification number in Spain for anyone who isn’t a Spanish citizen. You will need your own NIE number to purchase property and pay the necessary taxes! So it’s wise to apply for this as soon as you start looking for properties.

   You can get it in person or via a third party. You can get it in Spain or in your home country at a Spanish Consulate. You need to ask one for your spouse as well if you buy together.

   Read our article on this: “Your ultimate guide to your NIE number“.

    

2. Find a lawyer speaking your language and Spanish

   Your first step will be to find a reliable independent lawyer who is specialized in Spanish land and property law. Unless you speak fluent Spanish, you should find a lawyer speaking your mother tongue. More on that here: What is the legal due diligence for your Spanish property?

   Looking for a property lawyer in Spain? Check all our partners here!

    

3. Open a Bank account

    

   With your NIE and all your documents, it is easy to open a bank account in Spain. Pay attention if you are buying from outside the Eurozone. Your local bank could charge high costs to convert your local currency into Euros or wire funds to Spain. We found a good partner to assist you in a cost-efficient manner, read our detailed paper for more on that: How to pay for your Spanish property in Euros – € while you live in a non-Euro country?

    

4. Do you need a mortgage?

   If the answer is yes, it’s time to start working on it. You can get a mortgage either

   • from your home country
   • or from Spain

   Ask for a mortgage from one of our partner

   Read our step-by-step article with all the information you need: Your Spanish Mortgage: How to apply? How to get the best rates?

   

   Buy a property in Spain: the 8 steps

    

5. Sign the “contrato de Reserva”

   The “contrato de Reserva” expresses your intent to purchase and remove the property from the market, it is the reservation contract. In general, you will need to pay a holding fee of €3000 to 6000. Funds are held in escrow for 14 to 21 days and you have the time to do checks on the property during that period. At the same time, a purchase contract will be drawn up and legal checks carried out.

   => This contract is very important, don’t sign without including provisions so you can exit the contract.

   => Cash ideally held by a reliable third party

    

6. Important checks of the property with experts

   1. the land registry, « Registro de la Propriedad»
   2. the appropriate planning permission has been obtained
   3. No outstanding debts attached to the property
   4. the Community of owners documents’
   5. the property is as described and structurally sound

   Looking for an expert in Spain? Ask us directly!

    

7. Get your mortgage confirmed

   Have a look at our reports on this subject:

   

   Spanish mortgage rates

    

8. Sign the “contrato de Arras”

   It is the private purchase contract called as well “Contrato Privado de Compraventa”.

   You will need to pay your deposit of 10% of the property within 10 days.

   As soon as the necessary legal checks have taken place, you will be required to sign the private purchase contract which will state the full price of the property.

    

9. Go to the Notary to sign the contract for the purchase of the property

   At the completion stage, all parties connected with the selling and purchasing of the property must be in attendance to sign at the offices of Notaria Publica. This includes your lawyer, mortgage provider (if applicable) and the seller or their legal representative. Before signing you should ensure you have a thorough understanding of all the costs involved and have sufficient funds to cover payments, fees and taxes.

    

Now that you know all the different steps, let us help you with how to do it in an easy way.

#10 Useful resources

For further reading:

• How to buy a property in Spain as a foreigner?
• The cost of buying a property in Spain.
• The 7 pitfalls of buying a property in Spain
• What return will you make on your Spanish property?
• Spanish mortgage rates for non resident
• Guidance written by the British foreign office
• You can find interesting information on this subject on the site of the notaries in Spain.

 

Here are our FREE pdf property buyers’ guides written for all the foreign nationalities looking to buy in Spain:

Click on your country flag, you will find your pdf report at the end of each article. Get most of our tips there.

 

 

 

Stéphane
Senior analyst and strategist at HTBIS

Stéphane, with over 20 years of experience in real estate, finance and entrepreneurship, is the co-founder of www.howtobuyinspain.com. With an extensive network of local partners in Spain, his deep commitment to the real estate sector combined with strong analytical skills and a problem-solving mentality have fueled his success. Constantly eager to learn and passionate about teaching, Stéphane believes in the power of knowledge sharing to master any subject.

Check the full HTBIS team here

 

FAQ Buying property in Spain

Is buying property in Spain a good idea?

There are many reasons for buying a property in Spain: one of the first is that real estate is cheap and the cost of life is low. Of course, you need a Beach and 320 days of Sun. But there are many others, that's why Spain is the number one tourist destination in Europe

What taxes do you pay when buying a property in Spain?

The taxes for buying a property in Spain are different depending on the fact that it is a resale or a new build. Each region in Spain as well as some tax authority. The rule of thumb is that taxes are between 10 and 15%. Read our dedicated article on that: What is the cost of property acquisition in Spain?

How long does it take to buy a house in Spain?

Buying a house in Spain can be done in one day. But if you want to do proper due diligence and if you want a mortgage it should be about 10 weeks.

Can foreigners buy real estate in Spain?

Yes foreigners can purchase a property in Spain. In order to do that, they need a NIE. Read more in our article: the 9 steps to your Spanish property

The post Buying property in Spain? Easy with our 2024 Guide 😎 appeared first on How to buy in Spain.

What are the advantages of buying a new build property in Spain?

Discover our 2 minutes video on this:

1. Impressive standards specifications: designed for modern living:
2. Advanced technologies: Hi-Tech, energy efficient and eco-friendly
3. Personalize your property to your taste
4. New build prices in Spain are very competitive vs resale + renovation costs
5. Less hassle and More cost effective than building yourself
6. More secure: Technology and alarm systems pre-wired
7. Safer: Fire resistant materials, smoke alarms and special glasses
8. Less uncertainties:
   • 3-year warranty on the building works
   • 10-year warranty on design faults by the architect
   • 10-year warranty on structural defects by the builder

Discover the best new build projects in Spain

Buying a new build property in Spain is easy:

Your purchase contract will mention

1. The delivery date
2. The property price: the building cost
3. The payment’s dates according to state of progress
4. Detailed plans for the property
5. The standard set of specifications

Buying a property in Spain is easy, check the 9 steps to buy a property in Spain here.

Last but not least, here are our FREE pdf property buyers’ guides written for all the foreign nationalities looking to buy in Spain:

Click on your country flag, you will find your pdf report at the end of each article. Get most of our tips there.

Looking for an expert in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post What are the advantages of buying a new build property in Spain? appeared first on How to buy in Spain.

Many customers ask us, should I buy a new build or go for a renovation in Spain?

That’s why we studied the biggest advantages of buying a new build and the biggest advantages of buying a resale in Spain.

Who is the winner?

What are the advantages of buying a resale property in Spain?

1. Price: Resale price per square meter is always lower than new build property prices (for the same property at the same place).
2. Diversity: If you are patient, there are so many properties on the market that you can find “the” one you are looking for.
3. Saving time: you can move in quickly.
4. You buy what you see: If you compare it to an off-plan purchase, it is easier to see what you get with a resale. New build properties are from time to time “key ready” or have a “show property”. But pay attention, it is strongly advised to have technical due diligence on your Spanish property if you are not an expert. It could help you as well to see if some renovations options are possible or not.
5. Specific location: yes, usually, it is very difficult to find a top localisation with new build properties while at the same time, with resale, you are being a given neighbourhood with its current activity and history.
6. Charm: you got it, so nice to give a second life and add some modernity to old properties? Don’t you agree?
7. Yearly costs are known: you have a history of the property costs: maintenance costs, insurance, community costs… Of course, always pay attention to unknown potential costs as roof maintenance, facade painting, a new lift,…
8. Renovation costs are known: but of course, pay attention, work with reliable experts. Find a renovation partner anywhere in Spain… We did it ourselves 🙂 . Have a look at this beautiful kitchen renovation in Barcelona.
9. Mortgage: It is possible to finance your property in Spain with a mortgage. Works for both a new build and a resale. Ask for a free mortgage quote here.
10. Never forget the legal due diligence on your Spanish property.

What are the disadvantages of buying a resale property in Spain?

1. Less comfort: Resale price per square meter is always lower than new build property prices (for the same property at the same place).
2. Uncertainty on renovation budget: If you are patient, there are so many properties on the market that you can find “the” one you are looking for.
3. Uncertainty on length of renovation: you can move in quickly.
4. Difficult to find in a tight market.
5. You are not an expert.
6. You are not living in Spain.
7. You rely on unreliable third parties.

So our best advice? Work with local experts: local property hunters and always get technical due diligence and legal due diligence on your Spanish property.

Don’t know where to start? Check it with one of our local property hunters in Spain and discover what they did for our customers.

Not looking for a resale but looking for the best new build projects in Spain?

What are the advantages of buying a new build property in Spain?

1. Price is very competitive if you compare new build properties and resale with a renovation, usually they are very competitive and very competitive vs new build anywhere else in the world as the workforce is cheap in Spain.
2. New technology: insulation, heating, networks, eco-friendly, energy-efficient.
3. No unexpected investments for the next 10 years? 10-year warranty.
4. Security systems installed.
5. Fewer uncertainties: 10-year warranty on structural defects by the builder.
6. Availability: new build properties are most of the time sold off-plan. But in 2021, due to the lack of sales in the Covid Period, many projects are available and “key ready”. Usually, when you buy off-plan, you will wait about 1 year.
7. We always advise our customers to have legal due diligence, even for a new build, before signing/buying a property in Spain to protect their rights from the start. Many developers are known and of quality in Spain but others will always try to keep the upper hand on some promised developments, like, a garden, a pool,… quality of finishes… Always better to have everything in writing before signing.
8. Fewer issues than building yourself.
9. Mortgage: It is possible to finance your property in Spain with a mortgage. Works for both a new build and a resale. Ask for a free mortgage quote here.
10. Easier to buy if the price is not an issue for you as you have many similar properties at the same place.
11. If you are early in the process: you can get designs adjusted to your taste.
12. Never forget the legal due diligence on your Spanish property even if it is a new build.

How to get the best of the new build market in Spain? Scroll our latest new build projects here

What are the disadvantages of buying a new build property in Spain?

1. Price is expensive vs the rest of the real estate market in Spain.
2. You rely on a developer and its financial conditions: don’t forget to do your due diligence and work with the best developers.
3. Try to buy a specific unit in the project with a bigger terrace, more rooms,… and not a “standard” unit. Because, it will always be easier to rent it or to sell it afterwards.

One of our new build partner is working for more than 60 years in Spain: that’s one of the main reason we decided to work with them. Discover the other reasons here… and get €5,000 cash back on any listed property.

Read our earlier article on new build properties in Spain and check our 2 minutes video on the subject.

Looking for a local expert in Alicante, Malaga, Valencia, Madrid, Barcelona,…? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post New build vs resale in Spain? Which one should you take? appeared first on How to buy in Spain.

Taylor Wimpey Espana is the first New build developer listing properties on our portal.

We are very proud to list all the projects of one of the most renowned developers in Spain: Taylor Wimpey. We couldn’t be more delighted to list those very qualitative projects and share those with our readers.

What does set HowtobuyinSpain.com apart from other real estate portals?

• We list properties dedicated to foreigners
• We help foreigners finding all the local partners for all the properties subjects: Lawyer, Tax, Mortgage,…
• Our exclusive HTBIS launch offer (1): Receive €5,000 from our partners’ network
• We disclose all the details of each developments allowing you to make an informed decision:

-the developers name,

-the exact location of the properties

-you can contact the developer directly and benefit from our exclusive offer AND the best developer’s prices

• How does it work?

Submit the form directly from any listed property on our portal: The best new build properties available in Spain

Who is Taylor Wimpey Espana?

Taylor Wimpey works for more than 60 years in Spain and we were really impressed by the very high standard specifications of its projects.

The core market of Taylor Wimpey is the second home market for foreigners and they do have properties in the Costa Blanca, in the Costa del Sol and in the Balearic Islands.

Here is an excerpt of our discussion with the head of Sales for Taylor Wimpey Espana.

Since how many years are you active in Spain?

We have been in business in the UK since 1880 and active in Spain since 1958 – it’s our 61st anniversary in Spain this year.

“The Harmony” project on the La Cala golf resort, a 3×18 holes in Mijas, Costa del Sol

How many properties sold from start?

Over 6500

How Many properties sold in 2018?

We have legally completed and handed over just under 400 new properties to their new owners in 2018 including our Joint Venture projects.

In which regions are you active in Spain?

We are active on the Costa del Sol, Costa Blanca, Mallorca & Ibiza

The “Compass project” in Mallorca, Balearic Islands

How many projects are you building now?

On the Costa del Sol we have 8 active sites and another 2 being launched very soon, on the Costa Blanca we are building 3 developments with another 2 are in the pipeline to be released soon, on Mallorca we have 6 active sites and another 2 to be released very soon and finally there is one project on Ibiza.

The “Panorama Mar development” in the Costa Blanca, Alicante

What differentiate Taylor Wimpey versus other developers?

I think we stand out in the sense that we deliver what we have promised our clients from day one. We are name and company you can trust. We start selling and building when we have the building licence – we do not pre-sell. Simply “A name you can trust”

“Natura townhouses” development in Malaga, Costa del Sol, another premium development.

Where are your customers coming from?

We can not say who our typical client is as we are active in 3 different geographical locations and the customers are different from one area to the other. The average age of our clients is just over 50, they have families and the majority use the new home is Spain as a second / lifestyle home.

Further to this we have properties with prices ranging from around €173,000 – €800,000 which put’s us into different market segments.

Our strongest 5 nationalities are German, British, Belgian, Russian and Spanish with a market share of around 60%.

The other 40% are made up of further 27 nationalities from all over the world.

If you want to contact Taylor Wimpey for any listed property and benefit from Our exclusive HTBIS launch offer (1): Receive €5,000 from our partners’ network, while buying at the lowest developers prices, fill the quick contact form available on each property and you will be contacted very shortly by the international sales team of Taylor Wimpey Espana.

Book your visits directly with the developer by filling the forms available with the property listings

The post Taylor Wimpey: The first New build developer listing properties on our portal! appeared first on How to buy in Spain.

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten :

Discover the new build properties available from trusted developers in our network and buy them at zero extra cost.

How many new build properties could you find in Spain?

Where are the new build properties in Spain?

The “Ministerio de Fomento”, just released the number of unsold new homes in Spain: it is 457,000 at the end of 2019 vs 460,000 end of 2018. Earlier, it was quite higher: with 477,000 new build in 2017 and 492,000 at the end of 2016.

So the number of new build properties waiting to be sold in 2019 is only slightly lower than in 2018.

In Spain, you have a total of 25 million homes in total, so this means about 1.8% of all the properties existing in Spain are unsold new build properties .

Find this statistic always updated in our “real estate Returns and Mortgages in Spain” table.

As we wrote in one of our earlier paper, buying a new build property has many advantages: What are the advantages of buying a new build property in Spain?

Have a look at the evolution of Unsold New Homes in Spain since 2005

In which Spanish regions will you find the most Unsold New Homes in 2019?

Have a look at our chart: the Valencian Community, Catalonia and Andalusia are the 3 biggest regions and represent 50% of the new build properties!

You will find those two charts with many others always up to date in our “Must see charts about the Spanish real estate market” page.

Discover the best new build projects in Spain available right now

Which cities have the biggest percentage of New build homes for sale in Spain in 2019?

• Madrid 9.5%
• Barcelona 9%
• Alicante 8.2%
• Castellón 5.4%
• Valencia 4.7%
• Murcia 4.5%
• Toledo 4.5%
• Almería 3.8%

Which cities have the most New build homes on the market vs the total number of existing homes?

• Castellón 5.8%
• Toledo 4.9%
• (La) Rioja 4.4%
• Almería 4.3%
• Ciudad Real 3.9%
• Lleida 3.8%
• Santa Cruz de Tenerife 3.2%
• Alicante 2.9%

The two most active regions in Spain in 2019?

1. The Basque Country: -15%
2. The Balearic Islands: -13%

Here is the full overview per region:

As a reminder, here was the situation in 2018

The main difference between 2019 and 2018 is a slight decrease for nearly all the cities and the regions in terms of stock of unsold properties apart for Ceuta and Melilla.

Which cities have the biggest percentage of Newbuild homes for sale in Spain – Situation in 2018?

• Madrid 8.7%
• Alicante 8.6%
• Barcelona 8.3%
• Castellón 5.4%
• Valencia 4.8%
• Murcia 4.6%
• Toledo 4.5%
• Almería 4%

Which cities have the most Newbuild homes on the market vs the total number of existing homes? – Situation in 2018

• Castellón 6%
• Toledo 4.9%
• Almería 4.6%
• Rioja 4.4%
• Ciudad Real 3.9%
• Lleida 3.8%
• Castilla-La Mancha 3.1%
• Alicante 3%
• Santa Cruz de Tenerife 3%
• Teruel 2.8%
• Girona 2.7%
• Murcia 2.7%

Here was the situation in 2017

The main difference between 2018 and 2017 is a slight decrease for nearly all the cities and the regions in terms of stock of unsold properties apart for Ceuta and Melilla.

Which cities have the biggest percentage of Newbuild homes for sale in Spain – Situation in 2017?

• Madrid 8,6%
• Alicante 8,5%
• Barcelona 8,3%
• Castellón 5,4%
• Valencia 4,8%
• Murcia 4,6%
• Toledo 4,4%
• Almería 4%

Which cities have the most Newbuild homes on the market vs the total number of existing homes? – Situation in 2017

• Castellón 6%
• Toledo 5,%
• Almería 4,7%
• Rioja 4,5%
• Ciudad Real 4%
• Lleida 3.9%
• Alicante 3,1%
• Santa Cruz de Tenerife 2,9%
• Girona 2,8%
• Murcia 2,8%
• Teruel 2,7%

Here was the situation in 2016

The main difference between 2017 and 2016 is a slight decrease for nearly all the cities and the regions in terms of stock of unsold properties.

Which cities have the biggest percentage of Newbuild homes for sale in Spain – Situation in 2016?

• Alicante 8,6%
• Madrid 8,5%
• Barcelona 8,1%
• Castellón 5,3%
• Valencia 4,9%
• Murcia 4,7%
• Toledo 4,5%
• Almería 4%

Which cities have the most Newbuild homes on the market vs the total number of existing homes? – Situation in 2016

• Castellón 6,2%
• Toledo 5,2%
• Almería 4,9%
• Rioja 4,6%
• Ciudad Real 4,2%
• Lleida 4%
• Alicante 3,3%
• Murcia 2,9%
• Santa Cruz de Tenerife 2,9%
• Girona 2,9%
• Teruel 2,7%

Are you looking for a new build property from a qualitative developer?

Discover the best new build projects in Spain available right now

Another interesting source to find properties could be Spanish bank repossessions: have a look at the paper we wrote on that subject: Spanish bank repossessions: Your ultimate guide to 120.000 properties

Source: Spanish-Ministerio de Fomento.

Looking for an expert in Spain: a lawyer, a property hunter, tax experts, architects,…? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post Where are the new build properties in Spain? appeared first on How to buy in Spain.

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten

Sun Valley, enjoy the sun as of tomorrow!

Sun Valley is a new build project just launched on the Costa del Sol, Mijas, by the developer, Taylor Wimpey España.

Taylor Wimpey is a promotor active in Spain for more than 60 years. We invite you to review the profile of Taylor Wimpey España in our earlier article.

We are satisfied to speak with the Head of and Marketing of Taylor Wimpey España, Mr Marc Pritchard.

Why this new development?

Taylor Wimpey España is the developer of all the new build real estate projects on the “La Cala Resort” since 2014.

La Cala Resort is the biggest golf resort in Spain: 60 holes. It has a golf academy 3 golf courses.

One of the main characteristics of La Cala resort is that about 70pc of its surface will be kept as a green zone.

On La Cala Resort, the GrandView development is selling very quickly, almost 80% sold as of mid November 2019. We are developing the Horizon and Natura townhouses as well on the same site and so we are launching this new development of apartments in order to complete the offer.

Sun Valley penthouses’ views – Follow the link to discover more

What are the main characteristics of this development?

Sun Valley is integrated into a common architectural concept constructed around a roundabout, with no nearby buildings and therefore enjoying a uniquely peaceful spot in the countryside.

Sun Valley, is already underway, with 23 apartments in two buildings with 4 storeys each, 12 with 3 bedrooms, 9 with 2 bedrooms and two exclusive penthouses with 3 bedrooms.

Could you tell us more on the apartments?

We have developed 2- and 3-bedroom apartments and superb penthouses. Each with 2 wonderful bathrooms.

All the apartments have large terraces with glass balcony enclosures so that you can fully enjoy the fabulous views of the golf course and the apartments on the ground floor also have private gardens with views of the pool, resort gardens and the golf course that surrounds the complex.

The apartments have a modern distribution with the “total living” concept where all the space is utilized, and with a large living room integrating the terrace via the large windows.

The apartments are fully equipped, with fitted wardrobes, air conditioning, fitted kitchen with appliances, LED lighting package and fully fitted bathrooms with unit, mirror and shower screen. There is also an extras package available to personalize your home.

The residential with 23 apartments is gated and has a parking area with pergolas and with a space designated for each home. There is also an adult pool, infant splash pool and communal gardens overlooking the valley.

2 bedroom apartments list from €241,000, 3 bedroom apartments list from €287,000 and Penthouses list from €417,000.

Sun Valley terrace view from the 3-bedroom apartment

Where is this development located on the resort?

The development is being built at the top of the hill overlooking the Europa Golf Course, in a fabulous position that provides panoramic views of the golf course and the sea. All the apartments are south or southwest facing, meaning that they enjoy plenty of natural light all day long.

Who are the buyers of Sun Valley?

Sun Valley completes the range of apartments and townhouses already in existence at La Cala Golf Resort with a new type of apartment, more affordable, but still great quality. Ideal for families looking for a holiday home or investors looking for a property to rent out for the summer season with a good return.

Pool view of the Sun Valley development- follow this link to check the 2 bedroom apartments

When is the estimated completion date?

Last quarter of 2020

Does the current €5,000 cash back offer of from HowtobuyinSpain.com and its partners work with this property?

The Sun Valley development, as all the new build properties listed on our site, benefits from the €5,000 Cashback -even €6,000 for the first customer signing the first property from our portal-.

To benefit from the cashback, always contact the developer directly from the form on our site. Don’t hesitate to review the easy-to-meet conditions of the cash-back offer here.

Can you tell us more about the environment of the development?

Sun Valley is located in La Cala Golf, where owners of Taylor Wimpey properties can take advantage of the benefits and discounts provided by the Privilege Card.

La Cala Resort is recognized as one of the best golf complexes in southern Europe. Have a look at our article on the best golf courses on the Costa del Sol: The 48 golf courses of the Costa del Sol & The best deals

Situated in a unique position, between the mountains of the beautiful national park of the Mijas Mountain Range and the Mediterranean Sea, just 10 minutes from the wonderful beaches along the Costa del Sol between La Cala de Mijas and Fuengirola, 20 minutes from Marbella and 30 minutes from Malaga airport, with access via the AP7 motorway (N-340).

This privileged location provides access to all the best areas for fun and leisure within a 30km radius, along with sunny beaches and the best golf courses on the Costa del Sol.

New home owners can enjoy panoramic views from the new complex over the golf course and to the mountains.

La Cala Resort offers numerous leisure activities.

La Cala resort, one of the best golf complexes in southern Europe

It is the largest golf resort in Spain, with 60 holes, distributed over three 18-hole courses and a top Golf Academy in Spain with 6 par 3 holes. There are sporting facilities on site including tennis courts, professional football pitch, fitness room, “leisure centre” and Spa and also two exclusive restaurants, wine cellar and an emblematic 4* hotel.

So being part of such a nice resort is a big plus, you have activities for everybody and the house is never too small as you can get friends in the terrific hotel on the resort.

Last but not least, you have so much to enjoy on the Costa del Sol.

This residential complex is located very close to the marinas at Benalmadena and Puerto Banús in Marbella. You can choose between different leisure venues and a great variety of gastronomy on offer in La Cala de Mijas, Fuengirola, or Marbella.

You can visit the Andalusian villages in the area: Mijas with its fabulous views and charming narrow streets, Fuengirola with over 7 kilometers of beach and the Sohail Castle, Ronda and the spectacular Tajo (New Bridge).

Discover the beautiful Costa del Sol with our article: Everything you ever wanted to know about the Costa del Sol.

Find everything on the Costa del Sol: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

Discover the listings on the property portal of HTBIS: 2 bedroom apartments list from €241,000, 3 bedroom apartments list from €287,000 and Penthouses list from €417,000.

More information here.

Looking for a mortgage? A lawyer? A property hunter in Spain? Ask us directly, we have a solution within our network!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post Sun Valley, new build project just launched on the Costa del Sol, Mijas appeared first on How to buy in Spain.

Our 100,000th reader just joined our network!

Thank you all.

It took us about 2 years to reach 60,000 readers, it took us less than 7 months to get the next 40,000 readers.

We are seeing an impressive growth in our traffic as we are THE solution of choice for any foreigner purchasing a property in Spain.

Our biggest EVER giveaway 20 x €5,000

In order to thank you, we have created our biggest event ever with our partners:

For the 20 first new build property buyers listed on our website, starting this 22nd of July 2019, we will reimburse you €5,000!

More than 500 properties listed on our portal

We can’t list all the properties of our partners but we list 30 of them representing more than 500 properties available:

Don’t hesitate to ask our partners for more by filling the form available on any property.

We are constantly adding properties and partners to our portal, so, before buying a property in Spain, check first here, we have the properties listed at the lowest prices available directly from renowned developers.

You already have a new build apartment on our portal for €173,000

Any trick?

Just buy any property listed and work with our partners, easy isn’t it? see detailed conditions here.

We will regularly update you with the list of the buyers.

Why our partners are happy?

They are all happy to work with you and to be partnering with us as it keep them busy.

Check our property buyers’ guides for the 11 top nationalities.

Here are our FREE pdf property buyers’ guides written for all the foreign nationalities looking to buy in Spain: click on your country flag, you will find your pdf report at the end of each article. Get most of our tips there.

And of course, don’t miss our quarterly report on the Spanish real estate activity:

Get all our useful animated videos and register to any of our YouTube Channel in your mother language:

Here is the TOP 100 list of the nationalities of our readers:

1. United Kingdom
2. Spain
3. United States
4. Belgium
5. France
6. Netherlands
7. Ireland
8. Germany
9. Sweden
10. Canada
11. Switzerland
12. India
13. United Arab Emirates
14. Luxembourg
15. Italy
16. Peru
17. Poland
18. Philippines
19. Russia
20. Denmark
21. Norway
22. Ukraine
23. Argentina
24. Australia
25. Bulgaria
26. Finland
27. Portugal
28. Brazil
29. Israel
30. Turkey
31. China
32. Mexico
33. Romania
34. Morocco
35. Singapore
36. Hong Kong
37. Lithuania
38. Malaysia
39. Colombia
40. Venezuela
41. Greece
42. South Africa
43. Estonia
44. Egypt
45. Hungary
46. Austria
47. Algeria
48. Czechia
49. Latvia
50. Saudi Arabia
51. Thailand
52. Vietnam
53. Cyprus
54. Nigeria
55. Indonesia
56. Iceland
57. Bahrain
58. Japan
59. South Korea
60. Qatar
61. Bangladesh
62. New Zealand
63. Chile
64. Iran
65. Moldova
66. Malta
67. Kenya
68. Kuwait
69. Kazakhstan
70. Costa Rica
71. Slovakia
72. Gibraltar
73. Mauritius
74. Pakistan
75. Tunisia
76. Taiwan
77. Jordan
78. Sri Lanka
79. Panama
80. Slovenia
81. Albania
82. Azerbaijan
83. Belarus
84. Croatia
85. Cambodia
86. Andorra
87. Dominican Republic
88. Lebanon
89. Oman
90. Curaçao
91. Ecuador
92. Honduras
93. Macedonia (FYROM)
94. Serbia
95. Bolivia
96. Côte d’Ivoire
97. Guernsey
98. Montenegro
99. El Salvador
100. Tanzania

Tell us how we can improve, take 1 minute, thank you in advance!

Looking for an expert: a lawyer, a property shopper, a mortgage, an architect in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post €100,000… for our 100,000 readers! appeared first on How to buy in Spain.