The new build development property market in Spain is booming this year and as a result, prices for this type of Spanish property have increased an average of 8.4% in the last 6 months.* This compares to an increase of just 3.2%* for resale properties in Spain.
Although the availability of new build properties for sale in Murcia, Costa Blanca & Costa del Sol is good, increased demand and quicker selling times have resulted in the best properties being snapped up quickly. So buyers who are in an appropriate financial position and in Spain will often get the best plots and deals.
*Figures released by the Spanish Institute of Statistics (INE)
Why is there such a high demand for new build properties in Spain?
New build properties in Murcia, Costa Blanca and Costa del Sol are typically made from higher quality building materials and follow a luxury, contemporary style. The expected finishes within the market demand property developers now install the latest technologies including air con, underfloor heating and central control points, which focus on energy efficiency.
Have peace of mind knowing you will have 10 years architect warranty.
New build developments offer clients a variety of choice in size, shape and location of the property. There is also often the opportunity to amend the build to suit your needs and requirements such as ramps, lifts, private pools, basement cinema rooms and much more. Not to mention new build properties typically come with 10 year structural guarantee!
Larger new build developments offer a sense of community and will often include shops, amenities and bar/restaurants.
Take a look a few properties we have listed:
- Stunning 2 bed bungalow with communal pool, gardens & kids playground – €129,900 View here>>
- Modern apartments with pool & gardens close to the Mar Menor beaches – €136,900 View here>>
- Luxury 2-3 bedroom apartments south of desirable Torrevieja Town Centre – €139,000 View here>>
- Penthouse & ground floor apartments inside a golf course in Mar Menor – €157,900 View here>>
- Fantastic villas with 3 double beds, very spacious living area & delightful kitchen – €207,500 View here>>
View new build properties
New build properties have seen a notable increase in demand in the last 6 months and many properties are sold before the last bricks have been laid.
The best plots on new developments will not be online straight away, so the best way to view is to book a viewing trip to Spain.