The Costa Blanca, famous for its beaches, sunshine, and Mediterranean lifestyle, continues to attract international buyers. One of the key choices when purchasing a property here is whether to buy a new build or a resale (second-hand) home. Both options have advantages, depending on your goals, timeline, and budget.
Price and Value for Money
New builds usually come at a higher price per square meter. Buyers are paying for modern design, energy efficiency, and brand-new materials and appliances.
Resale properties often offer better value initially. The purchase price may be more negotiable and these homes are frequently located in prime areas. However, renovations and updates may increase the total cost.
Legal Protection and Warranties
New builds in Spain benefit from legal guarantees. These include ten years for structural defects, three years for major installations like plumbing and electrical systems, and one year for general finishes. These protections offer peace of mind for new owners.
Resale homes do not come with such warranties. Buyers are responsible for checking the condition and history of the property, including any debts or legal complications attached to it.
Energy Efficiency and Maintenance
New builds must meet the latest European energy regulations. Most offer high insulation standards, double-glazing, efficient heating systems, and in some cases, solar energy features. As a result, ongoing energy bills are often much lower.
Resale properties vary greatly in efficiency. Older homes may lack insulation or rely on dated systems that can lead to higher monthly costs unless modernized.
Design and Customisation
New builds feature modern layouts such as open-plan living areas, large windows, and integrated kitchens. If purchased off-plan, buyers may be able to choose finishes and fittings.
Resale homes often come with unique architectural charm, including traditional Spanish tilework, wood-beamed ceilings, and established gardens. These features add character but may also reflect an older style that needs updating.
Timeframe to Move In
New builds, especially off-plan purchases, may take a year or more to complete. Completion dates can be delayed, which affects move-in schedules.
Resale properties are ready for immediate occupancy. This makes them ideal for those looking to relocate quickly or begin using the home for holidays or rentals without delay.
Location and Community
Resale homes are typically located in mature neighborhoods with developed infrastructure, including shops, schools, medical facilities, and public transport.
New developments are often found in newer or expanding areas. While they may offer modern amenities such as pools and gyms, nearby services may still be under development and the local community may not yet be established.
Investment Potential
New builds are attractive for short-term rental markets due to their modern features and low maintenance needs. However, their higher initial price may limit appreciation in the short term.
Resale properties in well-known towns such as Altea, Jávea, and Moraira often appreciate steadily. Limited supply in prime locations adds long-term value.
Taxes and Buying Costs
New builds are subject to VAT (IVA in Spain), stamp duty, and legal costs which typically add about ten to twelve percent to the purchase price.
Resale homes are taxed differently through a property transfer tax, often eight to ten percent depending on the region. While the purchase tax can be lower, buyers should be vigilant about any outstanding debts or legal irregularities.
Final Thoughts
If you are looking for a modern, low-maintenance home with energy-efficient features and are comfortable waiting for completion or paying a premium, a new build may be the ideal choice.
If you value traditional character, established communities, and a property you can live in or rent out right away, a resale home may be the better fit.
Both options can be excellent investments on the Costa Blanca. The best choice depends on your personal preferences, financial plans, and how quickly you want to begin enjoying life in the Spanish sun.
