May is in full swing on the Costa Blanca, and with it comes a common question from our international clients:
Is it better to buy a new build property or invest in a resale home?

At Elevate Costa Blanca, we’ve spent years helping buyers from countries like the Czech Republic, Poland, Norway and Sweden find their perfect place under the Mediterranean sun. Today, we want to share an honest, up-to-date comparison to help you make the best decision based on your goals, lifestyle, and priorities.

🧱 New Builds Booming: Modern Design, Efficiency & Peace of Mind

Costa Blanca is experiencing a real estate construction boom. Trusted developers like Euromarina, Property and Co, Navasaez and Zapata are building high-quality residential complexes, with properties ranging from €250,000 to €700,000, and luxury villas going up to €4,000,000.

Top benefits of buying new build:

✅ Modern, energy-efficient design
Contemporary layouts, open-plan spaces, and the latest materials and technologies.

✅ Builder warranty
You’ll benefit from a 10-year structural warranty and at least 1-year coverage for fittings and installations.

✅ Some customization options
In certain developments—like those by Zapata—you can choose finishes, colors, and interior details to tailor the space to your style.

✅ Low maintenance costs
Everything is brand new—from plumbing to appliances—which means fewer short-term repairs.

🚧 Things to consider:

• If buying off-plan, you may have to wait months (or over a year) before moving in.

• New builds on the beachfront are very limited. Most frontline locations are already developed.

• Prices are subject to 10% VAT, plus notary, registry, and legal fees (around 2–3%).

🏠 Resale Properties: Charm, Location & Immediate Use

In towns like Torrevieja, Altea, and Jávea, most beachfront homes are resale properties. These are previously owned homes, many of which have been renovated and are in excellent condition—ready to move into.

Top benefits of buying resale:

✅ Prime locations
The most sought-after zones—first-line beach, old towns, panoramic views—are mainly resale markets.

✅ Immediate availability
Once the deal is signed, you can move in or rent it out quickly, ideal for those seeking fast returns or relocating soon.

✅ Character and soul
Many clients love the Mediterranean charm, unique architecture, and history of resale homes.

✅ Lower initial price
Resale properties are often more affordable than new builds in similar locations. Instead of VAT, you’ll pay the Property Transfer Tax (ITP), usually between 8–10%, depending on the region.

🚧 Things to consider:

• Older properties may require more maintenance or upgrades.

• No builder’s warranty is included.

• Legal checks are essential: licenses, debts, permits and condition. At Elevate Costa Blanca, we only list resale properties that are fully vetted, legal, and in excellent shape.

🌍 Buying in Spain as a Foreigner: How It Works

Yes, you can buy property in Spain without being a resident. The process is transparent and secure, but there are some basic requirements:

🔹 NIE (Foreigner Identification Number): Mandatory for property purchases. You can apply via a Spanish police station or consulate.
🔹 Spanish bank account for handling payments, utilities and taxes.
🔹 Taxes: Either VAT or ITP, plus notary, legal, and land registry fees.

🔐 At Elevate Costa Blanca, we guide you through every step of the process.
We have strong partnerships with expert property lawyers for handling all Spanish legal formalities. We also work with local Spanish banks to support you with:

• Bank account setup

• Mortgage advice and processing

• Personalized financial guidance

We’re here to make your buying experience smooth and stress-free.

🏖️ What Lifestyle Are You Dreaming Of?

• Can you see yourself in a brand-new penthouse, with a pool, gym and underground parking?

• Or do you imagine waking up right by the sea in a home full of character and Mediterranean charm?

There’s no right or wrong choice—just the one that suits you best.

🧭 Our Advice

There’s no one-size-fits-all answer. That’s why, at Elevate Costa Blanca, we take the time to understand your:

👉 Budget
👉 Intended use (holiday home, rental, full-time residence?)
👉 Preferred area
👉 Involvement level (do you want to renovate or move in immediately?)

Whether you choose a new build or a resale property, our goal is the same:
To help you find your ideal home, with full legal support, expert guidance, and the local knowledge that only years of experience can offer.

📩 Ready to Start Your Property Journey?

Contact us today and let’s start planning your new life on the Costa Blanca.
🌐 www.elevatecostablanca.com
📧 info@elevatecostablanca.com
📍 We’ll be waiting for you under the Mediterranean sun