26 Apr Why buy a new development on the Costa del Sol?
Sales of new homes are increasing more than ever throughout Spain and especially on the Costa del Sol. Foreign customers have increasingly discovered the advantages of newly built homes. In Spain in recent years, approximately every fourth home purchase by Swedes, for example, was a new development. So the interest is large! At the same time, it is slightly different compared to if you buy an older home.
There are several advantages to buying a newly produced home on the Costa del Sol. And more and more people are discovering them! But buying new development is a little different from other property deals.
What advantages do you get from buying a new home?
New development on the Costa del Sol and in Spain gives you the same advantages as at home: You get the latest construction technology. Bright and modern apartments with large, full-covering windows. Many new projects have spas, gyms, multiple pools, garages and large terraces. In addition to everything being new, fresh and unused, there are many advantages to choosing a newly produced property. The floor plan and light entry are usually built based on a modern standard.
Is it safe to buy new development?
Today, it is safe to buy new for several reasons. All construction companies must now offer the buyer a bank guarantee for all the amounts paid by the buyer. Your lawyer carefully checks that this is in place before you pay the seller.
Are there any downsides to buying a brand new home?
If you want to move into your new home immediately, buying new can be a disadvantage. The project is often under construction and in some cases in the drawing stage. This means that it takes between 12 – 18 months before you can move in.
