The Costs of Buying a New Property in Costa Blanca, Spain: A Complete Guide

With its stunning beaches, Mediterranean lifestyle, and year-round sunshine, Costa Blanca remains one of Spain’s top destinations for homebuyers. But beyond the property’s listed price, purchasing real estate here involves a variety of additional costs—many of which are essential to understand before making your investment.

In this guide, we break down everything you need to know about the costs of buying a new property in Costa Blanca, Spain, from legal fees and taxes to inspection services and ongoing ownership expenses.

1. Initial Steps: Property Search and Professional Guidance

Before purchasing your dream home, you’ll need to carry out detailed research and property viewings—whether in person or remotely.

Why Hire a Real Estate Agent in Costa Blanca?

Working with a local expert like Premium Class Properties offers several key advantages:

• Market Knowledge: We understand Costa Blanca’s most desirable neighborhoods, price trends, and exclusive listings.
• Time Efficiency: Our agents filter options based on your needs and coordinate viewings, saving you time.
• Negotiation Power: With years of experience, we help you secure the best deal, legally and financially.

Partnering with an experienced agency ensures a smoother, safer transaction—especially for international buyers unfamiliar with Spain’s property laws.

2. Viewing Trips or Virtual Tours: Flexible Options for Buyers

Traditionally, buyers travel to Spain to view properties—but at Premium Class Properties, we also offer remote property solutions using cutting-edge technology:

• 3D Virtual Tours
• 360º Property Walkthroughs
• Live Video Calls and Personalized Consultations

Whether you’re overseas or just short on time, you can confidently view and select your future home from anywhere in the world.

3. Property Inspections and Appraisals: Peace of Mind Before You Buy

Property Inspection Service

A thorough inspection helps ensure the home is in top condition and free from costly surprises. Our licensed experts examine:

• Structural integrity: Foundations, roof, walls, and supports
• Electrical & plumbing systems: Compliance with modern safety standards
• Damage detection: Signs of moisture, pests, or wear-and-tear

This upfront investment could save you thousands down the line. We provide a detailed written report so you can move forward with confidence.

Property Appraisal (Valuation)

Planning to finance your purchase? Banks in Spain require an official property appraisal to validate the property’s market value. We handle this process in collaboration with certified appraisers.

A professional appraisal provides:

• An accurate market value based on condition, location, and size
• Loan eligibility assurance for mortgage applications

Typical cost: €300–€600, depending on property type and size.

4. Legal and Administrative Closing Costs

Finalizing your property purchase involves a few mandatory fees:

Notary and Land Registry Fees

To officially register the property in your name, expect to pay 1%–2% of the property value.

Taxes on New Builds in Spain

If you’re buying a new construction home, the following taxes apply:

VAT (IVA): 10% of the property price

AJD (Stamp Duty): Approx. 1.5%

Our legal team can assist with all documentation to ensure a smooth closing process.

5. Ongoing Costs of Owning a Property in Costa Blanca

After the purchase, there are a few recurring expenses to keep in mind:

• IBI (Property Tax): Based on location and cadastral value
• Insurance: Home insurance is highly recommended
• Maintenance Funds: Set aside a budget for occasional repairs or upgrades

These costs are manageable, especially when owning a new build home, which typically requires minimal maintenance.

Conclusion: Make a Smart Investment in Costa Blanca with Confidence

Buying a property in Costa Blanca is more than a lifestyle upgrade—it’s a long-term investment. Understanding the complete costs involved ensures you can plan ahead and avoid unexpected surprises.

At Premium Class Properties, we guide you through every step of the process—from virtual tours and negotiations to professional inspections, appraisals, and legal support. Whether you’re purchasing remotely or visiting in person, we make sure your experience is seamless, secure, and enjoyable.

Frequently Asked Questions

Q1: What taxes apply to buying a new build in Spain?

You’ll need to pay 10% VAT and 1.5% AJD (Stamp Duty) on the purchase price.

Q2: Can I buy a property in Costa Blanca without visiting Spain?

Yes! We offer 360º virtual tours, video calls, and remote services to simplify the buying process from anywhere.

Q3: What does the property inspection include?

Our inspection reviews structure, electrical and plumbing systems, and checks for damage or hidden issues.

Q4: Do you provide official appraisals for mortgages?

Yes, we work with certified appraisers to provide official valuations required by banks.

Q5: What are the benefits of using a real estate agent?

You gain access to exclusive listings, save time, and receive expert guidance through every stage of the transaction.

Ready to Begin Your Costa Blanca Property Journey?

Let Premium Class Properties help you secure your dream home in Spain.

Contact us today for a personalized consultation. We make property buying easy, transparent, and fully supported.