Buying new-build property in Spain typically means buying off-plan or near-completion: pay 30-40% during construction, the balance at handover. New-build comes with modern energy ratings (A or B in most cases), smart-home wiring, communal pools, garage parking and contemporary architecture. Most new-build supply concentrates on the Costa Blanca, Costa del Sol and Mallorca corridors, with developments clustering around resort communities, golf courses and coastal positions.
Pricing depends on location and type. New-build apartments span the high €200Ks for compact 1-bed units in established corridors through the €400-650K range for 2-3 bed apartments with resort amenities, with premium frontline penthouses reaching €1M+. New-build villas range from around €450K entry-level hillside designs through €1.5-2M mid-market designer projects to €5M+ premium cliff-edge architecture. For taxes: new-build attracts VAT (IVA) at 10% plus AJD stamp duty around 1.4-1.5%.
New-build (Spanish: "obra nueva") refers to properties sold by the developer — typically off-plan (during construction) or near-completion. Buyers commit during construction with a staged payment plan (typically 30-40% during build, balance on handover). New-build comes with a 10-year structural warranty (Decenal), modern energy ratings (A or B), and contemporary specifications including smart-home wiring, communal pools and garage parking.
Most Spanish new-build developers structure payments as 30-40% during construction (split across several milestone payments — reservation, contract signing, phased construction stages) with the remaining 60-70% due on completion. Mortgage financing typically activates at completion, allowing buyers to pay the construction phases from savings and refinance the balance. Specific terms vary by developer and project.
New-build apartments start in the high €200Ks for compact 1-bed units in established Costa Blanca corridors (Sierra Cortina, central Calpe, Denia). Mid-market 2-3 bed apartments with resort amenities range €400-650K, with premium frontline penthouses reaching €1M and above. New-build villas range from around €450K entry-level hillside positions to €1.5-2M mid-market designer projects, with premium cliff-edge architecture in Cumbre del Sol and Altea Hills reaching €5M+.
Spanish property purchase taxes vary by autonomous community. New-build is taxed under VAT (IVA) plus AJD (stamp duty), with the combined rate typically around 11-12% before other costs. Rates differ between Costa Blanca (Comunidad Valenciana), Costa del Sol (Andalusia) and Mallorca (Balearic Islands). Add notary, land registry and legal fees on top — total purchase costs typically run 13-15% above the price. Tax legislation changes periodically; our buying costs guide has the current breakdown.
Read our buying costs guideMost active new-build inventory concentrates on the Costa Blanca (Benidorm-Finestrat, Calpe, Villajoyosa, Denia, Cumbre del Sol, Altea Hills) and the Costa del Sol around Marbella, Estepona and Benahavís. The Algorfa-La Finca Golf area on the southern Costa Blanca attracts golf-resort buyers. Mallorca and Baleares also have new-build supply but at smaller volumes. Costa Cálida (around Mar Menor and Águilas) has emerging new-build activity at lower price points.
