Are you thinking of 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 Property Purchase?

Before starting the search for your new home on the Costa Blanca, it is essential to determine your priorities and requirements. What type of property are you looking for? What is your budget? What location interests you? What is your lifestyle? These questions are fundamental to guide your search towards the areas and properties that best meet 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 1,600 properties for sale. With more than 10 years of experience in the market, our team is ready to guide you through the entire buying process, from the initial search to the handover of the 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 properties in new projects are sold before their completion. The best options and the most economical ones go first due to high demand and the trend of prices increasing as the end of the work approaches.

A common strategy among real estate developers is the creation of a “model apartment.” This is a fully furnished and decorated apartment that allows potential buyers to visualize the final result of the properties once completed. The model apartment significantly increases the value of the available properties as it helps buyers better visualize the space and features.

If you are hesitant about the final quality of your new off-plan home and there is no model 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 that you can better evaluate the quality and finishes of your future home.

How Do New Property Prices 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 a given 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 they are covered by the developers. This means you will benefit from a complete and personalized service without additional costs.

Have you found 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 buying 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 thorough due diligence on the property. This involves obtaining an evaluation report and verifying the ownership and legal status of the property. At Gestali, our associated manager will handle these steps 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 GestaliHome real estate advisor and your Gestali manager to address any specific questions about your situation.

The Process of Buying New Properties on the Costa Blanca

Once you have chosen the property you are interested in, you sign a reservation agreement. At this stage, an initial payment, varying between 3,000 and 10,000 euros approximately, depending on the value of the property and the developer, is required. This payment guarantees the reservation of the property and marks the beginning of the purchase process.

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

For turnkey properties, within 30 days of the reservation, payment schedules are established to progressively 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 notarial deed of sale is signed. This deed, drafted in Spanish, formalizes the transfer of ownership. On the day of the signing, the remaining balance is paid, either by own funds or by a mortgage loan. Note that at this time, taxes and other fees associated with the purchase must also be settled. Here is another article explaining the fees associated with buying a property in Spain.

Invaluable Support in Buying Real Estate in Spain

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

CALL NOW AT 0034 604 225 709