Off-Plan Property FAQ
Expert answers to every question about buying off-plan property in Costa del Sol — from first enquiry to completion and beyond. All reviewed by our specialists.
Browse by Topic
Buying Off-Plan
Everything you need to know about purchasing a property before or during construction on the Costa del Sol — from reservation to completion.
Foreign Buyers
Practical answers for international buyers navigating the Spanish property market — from NIE numbers to residency requirements and remote buying.
Legal and Safety
Understanding your legal protections when buying property in Spain — bank guarantees, contracts, developer verification and what to do if things go wrong.
Costs and Taxes
A clear breakdown of all buying costs, taxes, and ongoing expenses for new build and off-plan property purchases in Spain.
Mortgages and Finance
Can foreigners get mortgages? When are payments due? How much deposit is needed? All your finance questions answered.
Areas
Comparing the best areas along the Costa del Sol — Marbella, Estepona, Benahavís, Mijas, Nueva Andalucía and more.
Property Types
Apartments vs villas, penthouses, townhouses — comparing property types for investment, family use and holiday rentals.
Investment and Rental
Rental yields, capital growth, off-plan vs resale and investment timing questions for the Costa del Sol market.
Developments
How to evaluate and compare new developments — amenities, completion dates, branded residences and what to ask before reserving.
Timeline and Process
From reservation to completion — a step-by-step breakdown of what happens and when during an off-plan property purchase.
Most Asked Questions
The questions our specialist team receives most often from international buyers.
Can Foreigners Buy Property in Spain?
Yes, there are no restrictions on foreigners buying property in Spain. EU and non-EU citizens alike can purchase property freely, though a NIE number is required.
What Is Off-Plan Property?
Off-plan property means buying a home before or during its construction, based on architectural plans and show units rather than the finished building.
What Is a Bank Guarantee in Spain?
A bank guarantee (aval bancario) is a legal commitment from a Spanish bank to refund your off-plan stage payments if the developer fails to complete the property.
Is Buying Off-Plan in Spain Safe?
Yes, buying off-plan in Spain is safe when you use an independent lawyer, verify the developer, and ensure all stage payments are protected by bank guarantees.
Is Off-Plan Property a Good Investment in Costa del Sol?
Yes, off-plan property has been one of the strongest property investments in Europe over the past decade, with typical appreciation of 15% to 30% between reservation and completion in Costa del Sol.
What Are the Buying Costs for a New Build in Spain?
Buying costs for a new build in Spain typically add 12% to 15% on top of the purchase price, including 10% VAT, 1.5% AJD stamp duty, legal fees, notary and Land Registry costs.
How long does the off-plan purchase process take from reservation to completion?
The typical off-plan purchase timeline is 18–36 months from reservation to key handover. Boutique developments can complete in 12–18 months; large coastal developments typically take 24–36 months. The target completion date is set by the developer and stated in your purchase contract.
Do I Need a NIE Number to Buy Property in Spain?
Yes, a NIE number (Numero de Identificacion de Extranjero) is essential for any property purchase in Spain. Without it, you cannot sign contracts, pay taxes or complete a purchase.
Questions by Area
Area-specific guidance for the most popular locations on the Costa del Sol.
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