Advantages and issues related to purchasing new property in Spain

There are some distinct advantages for any investor when deciding to purchase a newly completed or off-plan villa or apartment in Spain. Clearly, a new owner will gain positives from buying a house that has not only been recently built and decorated, but is also fitted with brand new fixtures and fittings.

Under Spanish law it is essential for a new build property to be sold with a ten-year structural warranty, and the industry certificate provides reassurance and cover against expensive and worrying construction issues.In addition, owners will benefit from living in a home where appliances are modern and the life expectancy of every working element is extensive.

Buyers checklist for new and off plan property

Buyers can double check that certain procedures have been undertaken before finally signing off on the purchase process and should take time to make sure the following is in place:

  • a ten-year structural warranty has been authorised
  • the building project in it’s totality has been approved by the College of Architects
  • a certificate of fitness has been granted for the property
  • the building has its own electricity supply and is not connected to a temporary system
  • appliances within the home come with official guarantees

Snagging

Be rigorous with the snagging process and take every possible step to ensure that the property has been completed to an acceptable standard. Work your way through the house on a room-by-room basis, starting at the front door and ensuring all outdoor areas and external buildings – such as garages and store rooms – are included.

Do not accept any defects, as these should be addressed by the builder, so check every finish, appliance and all systems relating to electrics, plumbing and air conditioning.

It pays to use a professional

Expert advice is always highly recommended at the snagging stage as a professional will know what to look for and which levels of finishing are acceptable or should be contested. Even in new developments thorough inspections should be made for signs of structural movement, the build-up of moisture and other defects.

Details relating to new build property for this article were kindly provided by Paul Gibson (MRICS) of Gibson Gale Limited, a surveying company that collaborates with Terra Meridiana on developments in southern Spain.

 Terra Meridiana works hard to provide investors with sound advice, to help them make well-informed decisions when purchasing real estate, and we would always recommend contracting the services of a chartered surveyor.

 

Adam Neale | April, 2019



New Listing Estepona, Magnificent 5 bedroom Luxury Apartment for sale in Estepona

Magnificent 5 bedroom Luxury Apartment for sale in Estepona

Ref. TMRA1191

  • 5 beds
  • 3 baths
  • 317 m² built
  • 65 m² terrace

Extraordinary 5 bedroom luxury duplex apartment for sale in Riviera Andaluza, one of Estepona’s finest beachfront communities. With a huge 317m of living space, this spacious unit enjoys a privileged...

675,000 € Long term 2,300 € per month
New
Development
San Pedro de Alcantara, Brand new cutting-edge beachside villa for sale in Elite Villas, Cortijo Blanco, San Pedro de Alcantara

Brand new cutting-edge beachside villa for sale in Elite Villas, Cortijo Blanco, San Pedro de Alcantara

Ref. TMNV0905

  • 4 beds
  • 4 baths
  • 247 m² built
  • 836 m² plot

An exciting new project from acclaimed Málaga based architects, AMES Arquitectos, Elite Villas is a boutique development of just 4 luxury villas. Located a short stroll from the seafront this contemporary...

1,995,000 €
New Listing Nueva Andalucia, 3 bedroom townhouse for sale in gated Nueva Andalucia community, Sol Europa

3 bedroom townhouse for sale in gated Nueva Andalucia community, Sol Europa

Ref. TMRT0807

  • 3 beds
  • 2 baths
  • 132 m² built
  • 25 m² terrace

A great opportunity to purchase a Nueva Andalucia 3 bedroom townhouse in the secure gated community of Sol Europa. As you enter the property you are greeted by the spacious and luminous living/dining room...

330,000 €
New Listing Benahavis, Spacious Mediterranean style villa on a mature plot with sea views for sale in Puerto del Almendro, Benahavis

Spacious Mediterranean style villa on a mature plot with sea views for sale in Puerto del Almendro, Benahavis

Ref. TMXV1851

  • 5 beds
  • 5 baths
  • 400 m² built
  • 3.437 m² plot
  • 125 m² terrace

This partially refurbished villa is charming and inviting, situated on a large plot with mature gardens and shade trees that affords lovely sea and mountain views, located in Puerto del Almendro in...

1,995,500 €
New Listing Casares, Elegant ground floor apartment with sea and golf vistas for sale in La Herencia next to Doña Julia golf course, Casares

Elegant ground floor apartment with sea and golf vistas for sale in La Herencia next to Doña Julia golf course, Casares

Ref. TMXA1203

  • 2 beds
  • 2 baths
  • 85 m² built
  • 44 m² terrace

This elevated ground floor apartment boasts plenty of privacy, unobstructed sweeping views, and stylish high-end finishes. Located within the peaceful development of La Herencia next to the Doña Julia golf...

220,000 €
New Listing Estepona, Quaint townhouse for sale in Estepona old town, very close to the beach

Quaint townhouse for sale in Estepona old town, very close to the beach

Ref. TMRT11402

  • 2 beds
  • 1 bath
  • 55 m² built

This property is situated on the edge of the old town of Estepona, 200 meters approximately from the beach and close to all amenities and conveniences. It´s positioned on one of the old town traditional...

110,000 €
New
Development
Benahavis, Front line Golf stunning contemporary villa for sale in Los Flamingos with amazing sea views, Benahavis

Front line Golf stunning contemporary villa for sale in Los Flamingos with amazing sea views, Benahavis

Ref. TMRV18194

  • 5 beds
  • 6 baths
  • 700 m² built
  • 1.800 m² plot
  • 300 m² terrace

Be immersed in stunning luxurious quality from the moment you arrive at this gorgeous 5 bedroom property designed by award winning architect Pablo Villarroel to a contemporary style. As you enter the home on...

4,950,000 €
New
Development
Benahavis, Fabulous new 2-bed apartment for sale in the sought after resort of Mirador del Paraiso, Benahavis

Fabulous new 2-bed apartment for sale in the sought after resort of Mirador del Paraiso, Benahavis

Ref. TMNA1818

  • 2 beds
  • 2 baths
  • 100 m² built
  • 17 m² terrace

Set within Mirador del Paraiso, an exclusive residential development located in Benahavis, this gorgeous apartment is perfectly designed with a light, open, and modern floor plan. The home is equipped with a...

350,000 €
New
Development
Nueva Andalucia, Brand new luxury villa with rooftop zero-edge pool for sale in the emblematic development of Celeste Marbella, Nueva Andalucia, Marbella

Brand new luxury villa with rooftop zero-edge pool for sale in the emblematic development of Celeste Marbella, Nueva Andalucia, Marbella

Ref. TMNV0817

  • 4 beds
  • 4 baths
  • 489 m² built
  • 227 m² terrace

This off plan villa is set within the ultra-exclusive low-density development of Celeste Marbella. The project features 11 luxury properties on a large elevated plot of 10,000m2 in the heart of Nueva...

2,300,000 €
New Listing Estepona, Villa for sale in Paraiso Barronal, Estepona

Villa for sale in Paraiso Barronal, Estepona

Ref. TMRV1025

  • 3 beds
  • 2 baths
  • 243 m² built
  • 994 m² plot
  • 30 m² terrace

Charming beachside Spanish style 3 bedroom home for sale in the prime New Golden Mile location of El Paraiso Barronal. As you enter the property you arrive in to a split-level living room and dining room...

795,000 €