New builds in Spain for Sale

Location, climate, economy

Spain (officially the Kingdom of Spain) is a country in southern Europe, located mainly on the Iberian Peninsula, as well as the Canary and Balearic Islands, has small sovereign territories in Africa, is bordered by the Atlantic from the north and west, the Mediterranean Sea from the south and east. The country is a member of the EU and NATO.

The climate of the country varies significantly and is divided into climatic zones (the predominant is the Mediterranean). Spain is one of the warmest countries (the number of sunny days is 255-290). The average temperature during the year on the Mediterranean coast is +18-20°C. In winter, the temperature is below zero only in the central and northern regions, in summer it is hot - up to +40°C and higher in the central part, on the southern coast. It is cooler on the northern coast in summer - + 20-25°C.

The most developed sectors of the economy are: non-ferrous metallurgy, automotive, machine tool building, production of equipment, electronics, chemical, cosmetic products, mining, processing of seafood and fish, viticulture, growing citrus fruits and vegetables, wheat, rice, almonds, tobacco, olive oil production, animal husbandry (less than 2% of the country's population is employed in agriculture), tourism, services, including banking. Oil production provides less than 8% of the country's needs. Wind energy is developing, the share of which in the world volume is about 10%.

Spain new build market

Experts predict continued growth in demand and prices for real estate in Spain in the new build. It is expected that the trend will continue next year, prices for primary housing will grow at a rate of 2-6%. At the same time, real estate from the developers in Spain is ahead of the secondary one in terms of price growth due to an increase in the cost of building materials and an increase in the quality of newly built buildings. One of the most important factors stimulating the increase in value is inflation.

Apartments from a developer in Spain with sea views are popular with investors as a good opportunity to earn money by renting the property out. If you buy an apartment from a developer in Spain on the shores of the Mediterranean Sea, you can use it not only during the high season, but also in the winter, which allows you to have rental income all year round. A good level of profitability can be achieved by investing in tourist real estate (about 6-7% per annum) not only by the sea in resort areas, but also in large cities - traditional centers of tourism.

In order to minimize risks, it is advisable to use the recommendations of experts. The GEOLN.COM website (with a convenient search interface) can be a great help since it contains a full catalog of objects for sale.

Prices for new builds for sale in Spain

Housing construction is actively underway on the southern coast of Spain (Costa del Sol), estimated prices per 1 sq.m are: 1,200 USD - in Velez-Malaga, 4,400 USD - in Puerto Banus. According to the GEOLN.COM website, the range of prices across the country is significant: from $1,185 in Las Palmas de Gran Canaria (Canary Islands) to $10,460 in Marbella (Andalusia), $12,935 - in Madrid. The most expensive new builds for sale in Spain are in Madrid, Barcelona, Malaga, Bilbao, Seville, Valencia, Alicante, as well as in the Balearic and Canary Islands.

It is necessary to take into account the dynamics of price changes, so it is advisable to use only information that is relevant at the time of the request.

Types of new builds for sale in Spain for sale

The following types of primary real estate are presented on the market:

• residential - apartments (penthouses, townhouses, duplexes), houses, villas, bungalows, etc.,
• commercial fund (hotels, shops, warehouses, offices, etc.)

The nuances of buying real estate in the new homes

Housing in Spain in the new homes has obvious advantages: new communications and high-tech engineering solutions. Buyers are also attracted by apartments in the new homes for sale in Spain with comfortable layouts, European finishes, bathrooms equipped with modern plumbing, kitchens equipped with built-in appliances. As a rule, the apartment is transferred to the buyer with finishing and furniture. In Spain, the first and last floors are valued. The rooms are small, the living room, on the contrary, is much larger, in the order of things - two or three bathrooms, separate windows can overlook the courtyard. Residential complexes in Spain mainly have parking spaces, a closed area, often a swimming pool. Feedback from buyers of new apartments in the residential complex confirms that they meet all quality standards.

The funds do not go directly to the developer, but to the bank, where special escrow accounts are opened for construction companies, from where the developer can spend only on building materials. Payment is made in several stages, the last payment - after receiving the keys; various kinds of promotions (discounts, installments) are possible.

It is also necessary to understand the purpose of the purchase: for recreation, to spend the winter, to live all year round, to invest for the purpose of renting out, etc. Understanding your goal will make it possible to choose the location and layout more accurately, take into account the surrounding infrastructure and many other things.

You can buy an apartment in Spain in a new development for living in a warm climate, surrounded by beautiful nature, as well as for the purpose of doing business (including generating rental income), using the developed infrastructure, and enjoying tourist attractions.