Why choose to buy an off-plan property

When considering moving house, it is not always necessary to opt for a property that is already built. There is the alternative of acquiring an off-plan property, that is, new build not yet constructed or in the early stages of development. This type of purchase offers clear advantages but also involves certain aspects that should be taken into account before making a decision.

What does buying off-plan mean?

Buying an off-plan property means purchasing a property that is not yet completed. The buyer relies on the documentation, plans, renderings, and specifications provided by the developer to understand what the finished home will be like. This type of transaction is common in residential developments in areas with high demand for new builds, such as Playa de San Juan, Gran Alacant, Benidorm, or Jávea, where the availability of ready-to-move-in homes is limited.

Key aspects before buying

Before formalising the purchase, it is advisable to check the developer's track record and solvency. It is also essential to request documentation that includes:

• Proof of ownership of the plot.
• Building permit issued by the relevant town hall.
• Registration in the Land Registry.
• Detailed specifications (quality report).
• Plans of the property and the communal areas.

The purchase contract must specify the total price (excluding VAT), the payment terms, the estimated date for handing over the keys, and the penalties in case of delays. It must also state how the initial 10% and subsequent instalments during construction will be paid.

Advantages of buying off-plan

One of the main motivations is the price. By buying in the early stages, the cost is usually lower than for a completed property. Various studies estimate that the average saving can be between 10% and 15% compared to the final value. In addition, this price is fixed in the contract, so if the property appreciates in value during construction, the buyer directly benefits from that potential capital gain.

The staggered payment structure is also appealing: typically, 10% is paid upon signing the contract, another 10% in instalments during construction, and the rest upon completion and signing the deed. This allows for better financial planning and avoids concentrating the entire financial effort into a single initial payment.

Another advantage is the possibility of customising some finishes or, in certain cases, making small layout modifications, always with the developer's approval. This ensures the home better matches the buyer's preferences and avoids later renovations.

New build properties comply with current energy efficiency and accessibility regulations, resulting in greater comfort and lower running costs. In addition, the law provides guarantees: ten years for structural elements, three for installations, and one for finishes, along with a bank guarantee or insurance policy that ensures the return of any amounts paid in the event the development is not completed.

Buying a villa off-plan

Villa Privus, a luxury home with sea views in Altea

Villa Privus is designed to offer total privacy to its residents. Located in the Sierra de Altea area, at the foot of the Serra Bèrnia, three sides of the building are practically closed off from neighbours’ view, while the front offers enviable views over the Bay of Altea and the Mediterranean. It is one of Luxinmo's exclusive luxury new build villas sold off-plan.

Market situation

The province of Alicante has a dynamic new build market. According to data from the College of Registrars, 13,216 property sales were recorded in the province during the second quarter of 2025, making it the third province in Spain in terms of transactions, with 43.3% of these sales made to foreign buyers. This strong international demand contributes to price stability and increases the potential for appreciation of off-plan purchases.

Risks and precautions

Although legal guarantees minimise risks, there are factors to consider. Delivery times can be affected by construction delays, and the final result may differ slightly from marketing images. It is also important to remember that, as a future purchase, the state of the market or financing conditions could change during the construction period.

For these reasons, it is advisable to seek professional and legal advice throughout the process, choose developers with a proven track record, and review all documentation in detail before signing.