Are you considering buying a new build or off-plan property in Costa del Sol? This 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
One of the biggest advantages of off-plan properties is the price. Buying before construction is completed means you pay less than you would for a finished property. Once the development is complete, the value often increases—sometimes by up to 50%, depending on the location.
Customize Your Future Home
Buying off-plan gives you the opportunity to personalize the layout, materials, and finishes. Want an open kitchen or marble floors? You decide! It's a unique chance to create the home of your dreams, built to your taste.
Flexible Payment Plans
Most developers offer staged payment schedules, allowing you to plan your finances with ease. Here’s a common example:
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Reservation: €10,000 + VAT (10%) to secure your unit.
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Private Purchase Contract (around 40 days later): 20% of the sale price + VAT, minus your initial deposit.
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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 upon completion: 60% + VAT.
Construction Timeline: How Long Does It Take?
In general, construction takes between 18 and 24 months, depending on the complexity and size of the project. Weather, permits, and unexpected delays can also affect the timeline.
At AMA Real Estate, we keep you updated every step of the way and work only with reputable developers known for delivering on time.
Safety and Guarantees: How Is Your Investment Protected?
Bank Guarantees
By law in Spain, all payments for off-plan properties must be backed by a bank guarantee or insurance policy. This ensures that if the developer cannot complete the project, your money is safe and refundable.
What If You Change Your Mind?
Most contracts include cancellation clauses that allow you to withdraw from the purchase, although penalties may apply depending on when you cancel. Our legal team will explain these conditions clearly and negotiate the best possible terms to protect your investment.
What About Construction Delays?
Before signing any contract, it’s crucial to include penalty clauses for delays. We’ll ensure these are in place and protect your interests fully. Plus, we only work with developers with a proven track record.
Legal & Tax Aspects to Keep in Mind
The Purchase Agreement
We strongly recommend working with a specialized lawyer in Spanish real estate law. The contract should include all key elements: price, payment terms, bank guarantees, and detailed building specs. Our team ensures every detail is reviewed and negotiated to protect you 100%.
Taxes & Costs for Non-Residents
If you're buying a new property in Spain, you'll be responsible for:
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VAT (IVA): 10%
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Stamp Duty (AJD): 1.2%
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Notary and registration fees: approx. 1.8%
Our team will help you calculate all costs in advance, so you can plan your budget with no surprises. And remember—we charge no buyer commission.
Can Non-Residents Get a Mortgage in Spain?
Absolutely. Spanish banks are generally open to lending to non-residents, usually financing 60% to 70% of the property’s value. They will require proof of income and financial stability. We’ll assist you with the paperwork and help you find the best mortgage deal available.
Top Areas to Buy Off-Plan in Costa del Sol
Marbella
A glamorous and vibrant city, Marbella is perfect for luxury living. If you're looking for exclusive developments and high-end amenities, this is the place to be.
Estepona
Looking for something more authentic? Estepona offers a traditional Andalusian vibe with a laid-back coastal lifestyle. A great location for families and second-home buyers.
Mijas Costa
This area combines stunning sea views with modern comfort at more affordable prices. It's ideal for those seeking quality of life and solid investment potential.
Final Thoughts: Is It Safe to Buy Off-Plan in Costa del Sol?
Absolutely—as long as you have the right team on your side. With AMA Real Estate, you'll have expert advisors and legal professionals guiding you every step of the way. We ensure every document is checked, every detail clarified, and your interests fully protected.
Ready to take the next step or need personalized advice?
📞 Contact us today at +34 663671888 (also available via WhatsApp).
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