YOUR COMPLETE GUIDE TO BUYING OFF-PLAN PROPERTY IN COSTA DEL SOL
Are you considering buying a new build or off-plan property in Costa del Sol? This comprehensive guide will walk you through everything you need to know to make a safe, smart, and profitable investment.
WHY BUY AN OFF-PLAN PROPERTY IN COSTA DEL SOL?
COMPETITIVE PRICES
Buying before construction is completed often means paying significantly less than you would for a finished home. Once the development is complete, the value typically rises—sometimes by up to 50%, depending on the area.
CUSTOMIZE YOUR FUTURE HOME
Off-plan purchases allow you to personalize your property: layout, materials, finishes, and more. Want an open kitchen or marble flooring? You choose the features that match your taste and lifestyle.
FLEXIBLE PAYMENT PLANS
Developers usually offer staged payments to help you plan your finances. A typical schedule looks like this:
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Reservation: €10,000 + VAT (10%)
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Private Contract (approx. 40 days later): 20% + VAT, minus reservation
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Second Payment (6 months later): 10% + VAT
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Third Payment (12 months later): 10% + VAT
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Final Payment at completion: 60% + VAT
CONSTRUCTION TIMELINE: WHAT TO EXPECT
Most developments are completed within 18 to 24 months, depending on project size and complexity. Delays due to permits, weather, or external factors are possible. At AMA Home Spain, we only work with trusted developers and keep you informed throughout the process.
HOW YOUR INVESTMENT IS PROTECTED
BANK GUARANTEES
Spanish law requires all off-plan payments to be backed by bank guarantees or insurance policies, protecting your money in case the project isn’t completed.
WHAT IF YOU CHANGE YOUR MIND?
Contracts usually include cancellation clauses, with conditions and penalties depending on the cancellation stage. Our legal team ensures these clauses are fair and transparent.
CONSTRUCTION DELAYS
Before you sign, we make sure your contract includes penalty clauses for delivery delays, offering you peace of mind and legal leverage if needed.
LEGAL & TAX ASPECTS FOR OFF-PLAN BUYERS
THE PURCHASE AGREEMENT
It’s essential to work with a lawyer specialized in Spanish real estate law. We’ll review and negotiate every detail of your contract: price, terms, bank guarantees, specs, and more.
TAXES & COSTS FOR NON-RESIDENTS
When buying a new build in Spain, you can expect:
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VAT (IVA): 10%
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Stamp Duty (AJD): 1.2%
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Notary & Registry Fees: approx. 0.25%
Our team will calculate these in advance—no hidden surprises. And we charge no buyer commission.
MORTGAGES FOR NON-RESIDENTS
Yes, non-residents can get mortgages in Spain. Banks typically finance 60–70% of the property’s value. We assist you in preparing the required documents and comparing the best offers.
TOP AREAS TO BUY OFF-PLAN IN COSTA DEL SOL
MARBELLA: Glamour, luxury, and top-tier developments. Ideal for upscale investors and second-home buyers.
ESTEPONA: Authentic Andalusian charm meets coastal living. Perfect for families and those seeking a relaxed Mediterranean lifestyle.
MIJAS COSTA: Affordable luxury with sea views and modern conveniences. A smart choice for long-term value.
FINAL THOUGHTS: IS BUYING OFF-PLAN IN COSTA DEL SOL SAFE?
Absolutely — when you have the right team. With AMA Home Spain, you'll benefit from expert advisors and legal professionals who will guide you through every phase. From due diligence to final handover, we ensure your investment is secure.
READY TO TAKE THE NEXT STEP?
📞 Contact us today at +34 663 671 888 (available via WhatsApp) for personalized advice and exclusive access to off-plan opportunities across Costa del Sol.
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