New Construction Properties in Spain – Opportunities, Risks & Security

 

New Construction Properties in Spain – Opportunities, Risks & Security

New construction projects on the Costa del Sol offer modern living, high energy efficiency, and attractive potential for value growth. Mike Naumann Immobilien explains payment plans, bank guarantees, and risks transparently, so your new build purchase in Spain remains secure and predictable.

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Why New Construction Properties in Spain Are So Popular

New construction properties in Spain, especially on the Costa del Sol, are increasingly popular with both owner-occupiers and investors. Modern architecture, energy-efficient construction, contemporary layouts, and shared facilities like pools, gyms, or co-working spaces make new developments especially attractive.

Popular locations include Marbella, Estepona, Mijas Costa, Benalmádena, and Málaga. Buyers in these areas benefit from stable demand, good rental potential, and long-term value growth.

At the same time, buying new construction in Spain differs significantly from buying property in Germany—especially regarding payment schedules and legal security.

Payment Plan for New Construction – How It Works

When purchasing a new construction property in Spain, payments are not made only at completion, but gradually during the construction phase. A typical payment plan is:

  • Reservation fee: €6,000 – €10,000 to reserve the property
  • Down payment: approx. 20–30% after signing the contract
  • Progress payments during construction: 10–20% depending on the project
  • Final payment: upon completion and notarial handover

This structure provides buyers with planning security, but all payments must be legally protected.

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Bank Guarantees & Legal Protection in New Construction

A key point when buying new construction in Spain is the bank guarantee (Aval Bancario). It legally protects buyers from losing deposits if the developer becomes insolvent or the project is not completed.

Every payment made must be secured by an individual bank guarantee or insurance. Buyers have the right to request these guarantees, but are often not actively informed.

Mike Naumann Immobilien checks for you:

  • Existence and validity of bank guarantees
  • Building permits and project status
  • Contractual protection of your payments

Risks in New Construction Purchases – and How to Avoid Them

New construction properties offer many benefits, but also risks: construction delays, project changes, or insufficient protection. These risks can, however, be significantly reduced with professional guidance.

With Mike Naumann Immobilien, you benefit from:

  • Independent project review
  • Collaboration with experienced lawyers
  • Transparent cost & timeline planning
  • Longstanding market experience on the Costa del Sol

Conclusion – Buy New Construction in Spain Safely

Purchasing a new construction property in Spain can be an excellent decision, provided payment plans, guarantees, and contracts are legally protected. Mike Naumann Immobilien guides you from project selection to key handover, ensuring maximum security, transparency, and long-term success.

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