Inheritance Lawyers in Spain

One of the first decisions when looking for property on the Costa Blanca is whether to buy resale or new build. Both have distinct advantages depending on your priorities, budget, and timeline.

Tax Differences

Resale: Transfer Tax (ITP). New build: VAT (IVA) 10% plus Stamp Duty (AJD) 1.5%, totalling 11.5%. Rates subject to change.

Advantages of Resale

Better value per square metre, you see exactly what you buy, faster move-in, mature urbanisations with proven management, and prime locations no longer available for new development.

Advantages of New Build

Modern construction standards, better energy efficiency, developer guarantees (10 years structure, 3 years habitability, 1 year finishes), customisation options, and fewer hidden legal issues.

Drawbacks of Each

Resale risks: hidden defects, illegal modifications, outdated systems, renovation needs. New build risks: construction delays, product differing from plans, developer financial issues, immature infrastructure.

Legal Considerations

For resale: thorough due diligence including Land Registry, planning compliance, debt checks, and licence verification. For new build: building licence, advance payment guarantees, detailed contract specs, and guaranteed communal facilities.

Which Is Better for Investment?

Location and rental demand matter more than new vs resale. Beach proximity, old town, and sea views perform well regardless of age. New builds command higher rents; resale in prime locations offers better capital appreciation.

If you need professional legal assistance with this matter, contact Tomas Ballestero Lawyers in Jávea. We speak English, French, and Dutch.
Phone: +34 607 320 768 | Email: [email protected]

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Disclaimer: This article is provided for general informational purposes only and does not constitute legal, tax, or financial advice. Tax laws and regulations are subject to change and may vary depending on individual circumstances. No solicitor-client relationship is created by reading this article. For advice specific to your situation, please contact a qualified legal professional. Tomas Ballestero Lawyers accepts no liability for actions taken based on the information contained herein.

Deciding between resale and new build in Spain? Our experienced property lawyers in Costa Blanca & Valencia offer a free initial consultation. Call +34 965 792 946.

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