How to Buy a New Build Property in Spain: 10 Essential Steps You Can’t Miss if You’re a Foreigner
12 Aug
If you’re considering buying a new build property in Spain, whether as an investment, a holiday home, or for retirement, you are about to embark on one of the most exciting decisions of your life.
As a buyer, especially if you are a foreigner, the path to your new home is likely to be full of questions and challenges. That’s normal. To assist you in this process, Akunas has put together a guide with the 10 essential steps you need to follow to acquire your new home in Spain.
1. Find the Right Estate Agent
The first step is crucial: you need a team that will support you throughout the entire process. At Akunas, we specialise in new build properties on the Costa Blanca and Costa Cálida, and our local expertise allows us to guide you through each phase with seriousness and professionalism.
Our team of agents is here to understand your needs and provide you with a selection of projects that match your expectations. We offer you detailed information and personalised advice to ensure that you find the property you truly desire.
2. Viewings and Selection of New Build Properties
Finding the ideal property is one of the most exciting moments of the buying process. At Akunas, we handle organising viewings of new build projects that perfectly match your criteria. Whether you're interested in modern apartments or exclusive villas, we accompany you on each visit to ensure you explore all available options.
If you live outside Spain, we also organise personalised inspection trips, guiding you through the best areas of the Costa Blanca and Costa Cálida. We help you discover the region that best suits your lifestyle and customise your future home according to your tastes and needs.
3. Conduct a Financial Feasibility Study
Before proceeding with the purchase, it is essential to assess your financial capacity, especially if you need a mortgage. At Akunas, we connect you with Spanish banks to help you determine the feasibility of your purchase and find the best financing options.
4. Obtain Your NIE (Foreigner Identification Number)
The NIE is an essential requirement for any property transaction in Spain, as it identifies you in all legal and financial operations. At Akunas, we assist you in obtaining the NIE, facilitating all the bureaucratic procedures so you can move forward with the purchase process without delays.
5. Open a Bank Account in Spain
Opening a bank account in Spain is necessary to manage the payments and fees associated with the purchase. Our team will guide you in opening an account, either in person or through a notarial power of attorney, so you can handle all your transactions safely and efficiently.
6. Property Technical Inspection
Although new build properties typically meet the highest standards, at Akunas we recommend conducting a technical inspection to ensure everything conforms to the promised specifications and standards. We coordinate this inspection to ensure you have full confidence in your purchase.
7. Secure the Property with a Deposit
To secure the property, you will need to make a deposit, usually 10% of the purchase price. This step is crucial, as it ensures that the property is reserved in your name, but it is important to remember that this deposit may be forfeited if you decide not to proceed with the purchase for reasons not attributable to the seller.
8. Sign Pre-Contractual Documents and Consult a Notary
Before proceeding with the final purchase, you will sign pre-contractual documents. You will have a reflection period of 10 days (or 14 days in some regions like Catalonia) to ensure you are satisfied with all terms. Additionally, we will help you select a notary who will oversee the final signing of all contracts.
9. Sign the Deed and Complete the Purchase
The final step is the signing of the deed before a notary, where you will officially become the owner of the property. This moment is key as it ensures that the property is legally transferred to your name. At Akunas, we ensure that the entire process is transparent and hassle-free.
10. Property Handover and Customisation
The handover of keys is the culminating moment. We ensure that your new property is ready to move into and offer assistance with furniture installation, appliances, and home design to make it exactly as you imagined.
Why Choose Akunas to Buy Your New Build Property in Spain?
At Akunas, we don’t just help you buy a new build property on the Costa Blanca or Costa Cálida; we also offer a comprehensive service covering all aspects of your new life in Spain.
- Property Management: If you plan to rent out your property when you’re not using it, we handle everything from finding tenants to managing payments.
- Property Maintenance: We take care of everything from cleaning to gardening, so you always find your home in perfect condition.
- Everyday Assistance: We help you adjust to your new life in Spain, from finding a school for your children and translating documents to seeking medical services.
Enjoy Your New Life on the Costa Blanca and Costa Cálida with Akunas
Buying a new build property in Spain is the start of an exciting chapter in your life, and at Akunas, we make sure it is a hassle-free experience. With our ongoing support, you can enjoy everything the Costa Blanca and Costa Cálida have to offer, knowing you are in the hands of experts dedicated to your well-being and satisfaction.
Don’t let paperwork and doubts hold you back. Contact us today and discover how we can make your dream of living on the Costa Blanca or Costa Cálida a reality.
- Email: info@akunas.com
- Phone Spain: +34 868 784 752
- Office: Avda. de Las Naciones, 24 – Local 4 – Ciudad Quesada 03170 Rojales (Alicante)
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