Buying a New Build Property in Costa Blanca: What Foreigners Must Know

Costa Blanca is one of the biggest new-build hotspots in Europe. Developers like TM, Euromarina, Medhouse, Praxa, Activa and Gama are building modern villas and apartments at unprecedented speed — but choosing wisely is crucial.

Here is a complete guide from Costa Realty, specialists in luxury new builds.

1. Why New Builds Are So Popular

Foreign buyers choose new builds because they offer:

• Modern architecture
• Energy efficiency
• Smart home systems
• Underground garages & communal pools
• 10-year building guarantee (LOE)

2. Payment Structure for New Builds

Typical schedule:

1. Reservation: EUR 3,000-EUR 10,000

2. Contract (1-2 months later): 10%-30%

3. During construction: staged payments

4. Completion: final payment at notary

3. Legal Safety With New Builds

Our in-house lawyers ensure:

• Developer licence & permits
• Bank guarantee for all payments
• Delivery timeframe
• Habitation certificate (Licencia de Primera Ocupacion)

4. Mortgage Options for New Builds

We provide mortgage advice for foreigners, with access to:

• Spanish banks
• Non-resident mortgages
• Up to 70% LTV