Buying an off-plan property — a home that’s still under construction or yet to be built — is one of the most popular ways to own real estate in Spain, especially along the Costa del Sol. From sleek beachfront apartments to contemporary golf-side villas, off-plan opportunities often promise high specification, flexible payment terms, and modern design.
But like any major investment, there are advantages and drawbacks you’ll want to weigh carefully before signing on the dotted line.
In this guide, we’ll cover:
Spain’s property market — particularly on the Costa del Sol — has seen a renewed wave of high-quality new developments. Builders are focusing on sustainability, smart-home integration, and energy efficiency to meet modern lifestyle expectations.
For buyers, the appeal of off-plan comes down to:
It’s easy to see why many overseas investors and lifestyle buyers continue to favour off-plan purchases in 2025 — particularly in Marbella, Mijas Costa, Estepona and Benahavís.
1.Potential price advantage
Developers often offer lower prices during the early release phase. Buyers who commit early can benefit from appreciation as the project progresses.
2.Payment flexibility
Instead of paying in full, you’ll usually make a reservation deposit (typically 5–10%) and staged payments tied to construction progress — ideal for buyers managing cash flow or awaiting funds.
3.Modern build quality
Today’s new developments are built to EU efficiency standards and often feature high-end finishes, energy-efficient systems, and contemporary design.
4.Warranty protection
Spanish law requires a 10-year structural guarantee (Seguro Decenal), giving peace of mind that defects must be addressed by the developer.
5.Personalisation options
Within reason, some developers allow buyers to select tiles, kitchen finishes, and fittings — letting you influence the final design before completion.
6.Appreciation potential
In buoyant markets like Málaga province, properties frequently rise in value between purchase and completion, particularly in well-located developments.
1. Construction delays
Even reputable developers can experience setbacks from material shortages, weather, or permit issues. Completion can sometimes take longer than anticipated.
2.Developer reliability
Your investment is tied to the developer’s financial health. Choosing a trusted, solvent company with a proven record is absolutely essential.
3.Unseen reality
Buying from plans and show homes means you won’t experience the actual view, layout, or quality until completion — there’s an element of uncertainty.
4.Fluctuating market conditions
If the wider property market slows before you complete, resale values or demand could dip temporarily.
5.Payment commitments
Once your contract is signed, you’re committed to the payment schedule even if your financial situation changes.
6.VAT and costs
Buying new property means paying 10% VAT (IVA) instead of transfer tax (ITP) — a higher upfront tax for many buyers.
Spanish law has evolved significantly to protect buyers of off-plan properties — a direct response to historical issues from the 2000s. In 2025, the following safeguards are standard:
A good real estate agent will guide you through this process, connect you with legal experts, and ensure every protection is in place before you commit.
✅ Research the developer — check completed projects, reviews, and financial solvency.
✅ Visit the site — see the plot, surrounding area, and access roads.
✅ Scrutinise the specifications — not all “luxury” projects are equal; check what’s included in the base price.
✅ Ask for staged completion certificates — these confirm progress matches payments.
✅ Allow for timing flexibility — have accommodation or financial backup in case of minor delays.
✅ Engage a local expert — a reputable real estate agent familiar with off-plan transactions is invaluable.
Off-plan purchasing can be a smart move if you:
However, if you need to move quickly, or prefer to see and feel the property before committing, a completed resale may suit you better.
How long does off-plan construction typically take?
Between 18 and 36 months, depending on project scale and permitting.
Can foreigners safely buy off-plan in Spain?
Yes — provided you use a lawyer and a reputable agent. Spain’s legal framework now offers strong consumer protections.
What happens if the developer goes bankrupt?
Your payments are protected by the legally required bank guarantee, allowing you to reclaim funds if the project fails to complete.
Do off-plan homes increase in value before completion?
Often yes — especially in prime coastal markets. However, this depends on timing, demand, and broader market trends.
Buying an off-plan property in Spain can be an excellent way to secure a stylish, energy-efficient home in a rising market — but success lies in preparation. Work with a reputable, sales-only real estate agency that understands both the financial and lifestyle sides of property ownership on the Costa del Sol.
At PCC Property, our approach blends expertise with transparency — ensuring every client can Unlock, Live, and Thrive with complete confidence.
Explore new developments and off-plan opportunities across Marbella, Mijas Costa, and Estepona on our website.
We’ve Moved Offices on 1st August 2025!
Private Client Consultancy is excited to announce that we have moved to a brand-new office space, designed to better serve our clients and reflect our continued growth.
Effective Date: Friday, 1st August 2025
New Address: Urb Jazmin De Miraflores, C. Jazmín, 2, Mijas Costa 29649, Malaga, Spain
Our phone numbers and email addresses remain unchanged.
All in-person meetings scheduled from 1st August onwards will take place at our new location. Please update your records accordingly.
We look forward to welcoming you to our new space!
Check out our detailed area guides along the Costa del Sol and Algarve.
Keep up to date with property news along the Costa del Sol with our blogs.
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