Key Differences Between Buying New vs Resale Properties in Spain
Purchasing new construction in Spain typically involves paying 10% VAT plus stamp duty (1-1.5%), while resale properties are subject to transfer taxes (6-10% depending on region). New builds often come with modern energy efficiency standards and builder warranties, but may have longer completion timelines. Resale properties frequently offer more established neighborhoods and immediate availability, though may require renovations.
New developments sometimes include community amenities but often carry higher community fees. Resale purchases allow for more negotiation on price and quicker possession. Each option presents different legal considerations regarding contracts and developer guarantees.
For a detailed comparison of purchase processes, visit Spain-Real.Estate.
