Guide to Buying a New Property on the Costa Blanca

Are you considering buying a new property on the Costa Blanca and feeling overwhelmed by the multitude of options available? Don’t worry! Here is a detailed guide to help you get started:

How to Prepare for Buying Real Estate?

Before you begin searching for your new home on the Costa Blanca, it’s essential to determine your priorities and requirements. What type of property are you looking for? What is your budget? Which location interests you? What is your lifestyle like? These questions are crucial for guiding your search toward the areas and properties that best match your needs.

Why Contact Us?

At GestaliHome, we have privileged access to over 95% of new project developers on the Costa Blanca, which means we can offer you a vast selection of over 1600 properties for sale. With more than 10 years of experience in the market, our team is ready to guide you through the entire purchasing process, from the initial search to the handover of keys.

Remember: The Sooner, the Better, and the Cheaper!

We advise you to act quickly and decisively as soon as you find the ideal property, as 80% of new project properties are sold before completion. The best options and the most economical ones go first, due to high demand and the tendency for prices to rise as the completion date approaches.

A common strategy among developers is to create a "show apartment." This is a fully furnished and decorated apartment that allows potential buyers to visualize the final result of the properties once completed. The show apartment significantly increases the value of available properties, as it enables buyers to better visualize the space and features.

If you are unsure about the final quality of your new property from plans and there is no show apartment, don’t worry. At GestaliHome, we offer you 100% honest and transparent advice. Whenever possible, we will accompany you to visit similar properties from the same builder so you can better assess the quality and finishes of your future home.

How Do Prices for New Properties Work in Spain?

One of the advantages of buying a new property in Spain is the transparency of prices. Unlike the second-hand market, where price negotiation is common, prices in the new market are fixed and non-negotiable. All developers and real estate agencies offer the same prices for the same property, ensuring fair and transparent competition.

Moreover, by buying a property with GestaliHome, you won’t have to worry about paying a commission or additional fees, as these are covered by the developers. This means you will benefit from a complete and personalized service without extra costs.

Did you find a property at a lower price on a portal or website? It is very likely that this option has already been sold and is no longer available, rather than another agency offering a lower price.

Preparation of Required Documents

Once you have found your dream property, you need to ensure you have all the necessary documents to start the purchasing process. These documents may include your NIE, a bank account, proof of income, a credit history, and any other documents requested by the seller or real estate agent.

Additionally, it is crucial to conduct a thorough investigation of the property. This involves obtaining an appraisal report and checking the ownership and legal status of the property. At Gestali, our associate manager will handle these procedures for you. The Gestali team offers fixed-price services, ensuring transparency throughout the process.

During your trip to Spain, you can request a joint appointment with your real estate advisor from GestaliHome and your manager from Gestali to answer all questions specific to your situation.

Purchasing Process for New Properties on the Costa Blanca

Once you have chosen the property that interests you, you sign a reservation agreement. At this stage, an initial payment, ranging from approximately €3,000 to €10,000 depending on the property's value and the developer, is required. This payment secures the reservation of the property and marks the beginning of the purchasing process.

Regarding payments, there are two main options: off-plan properties or turnkey properties.

For turnkey properties, within 30 days of reservation, payment schedules are established to gradually complete between 40% and 60% of the total value. Spanish legislation requires a bank guarantee for each payment, ensuring that your funds are protected during construction.

Once the property is ready for delivery, or in the case of a "turnkey" property, a notarized deed of sale is signed. This deed, written in Spanish, formalizes the transfer of ownership. On the day of signing, the remaining balance is paid, either by own funds or through a mortgage loan. Note that at this time, taxes and other associated costs of the purchase must also be settled. Here is another article explaining the costs associated with purchasing a property in Spain.

Invaluable Support in Buying Real Estate in Spain

At GestaliHome, we are committed to making your purchasing experience as simple and enjoyable as possible. Our multilingual advisors are here to answer your questions in your language, from the first step to the handover of keys. Trust us for a stress-free purchase and enjoy our after-sales service. We look forward to assisting you!

CALL NOW AT 604 225 709