Find Your PerfectNew Build Development

A new build development is a residential project built by established developers featuring modern apartments, villas, or townhouses. Costa Blanca developments offer contemporary designs, modern amenities, and often communal facilities like pools, gyms, and gardens. New builds typically include guarantees covering structure and major components, providing security for buyers investing in off-plan or under-construction properties.

To reserve a property, first identify which development interests you by reviewing available units and floorplans. Contact us to schedule a viewing or request documentation. Once you've selected a property, you'll typically sign a reservation agreement with the developer and deposit a small fee (usually 500-2,000 EUR). After contract signing, you'll pay according to the agreed payment schedule, with key handover at completion.

Most off-plan Costa Blanca developments offer flexible payment plans typically structured as: 30% deposit upon contract signing, with the remaining 70% paid in installments during construction, and final payment at completion. Some developments offer alternative structures including 20/80 splits or smaller monthly payments. Bank-backed payment guarantees protect buyer funds throughout the process, ensuring your money is held in escrow rather than with the developer.

Customization options vary by project and construction stage. Off-plan properties offer the most flexibility for changes to colour schemes, materials, kitchen, and bathroom selections—typically available during the first 6-12 months of purchase. Under-construction properties may have limited options. Key-ready properties generally come fully finished with limited customization. Always review the specific development's customization policy before purchasing.

Bank guarantees (garantías bancarias) protect off-plan buyers by ensuring developers cannot use your deposit money for other purposes—funds are held in an independent escrow account. Required by Spanish property law for off-plan sales, they protect you if the developer faces financial difficulties before completion. This is a crucial safeguard, especially for substantial off-plan deposits, ensuring your investment is secure throughout the construction period.

Timelines vary significantly: key-ready properties transfer immediately after purchase completion (1-2 months from contract). Under-construction projects typically take 12-24 months from reservation to handover. Off-plan developments can take 18-36 months or longer depending on project size and complexity. Delivery dates are specified in the purchase agreement, though delays occasionally occur due to unforeseen circumstances. Always confirm scheduled completion dates with the developer.