New Developments Marbella, Spain.
Cost when buying in New Developments in Marbella
How long is a property considered a new construction in Spain?
In Spain, a property is classified as new construction if it has never been occupied and its construction was finalized within the past decade. Furthermore, the initial transfer of ownership occurs directly between the developer and the purchaser.
What taxes are paid on new development in Marbella?
When purchasing a new property in Marbella, it is essential for buyers to account for the VAT (Value Added Tax) set at 10%, as well as the IAJD (Impuesto sobre Actos Jurídicos Documentados), which ranges from 1.2% to 1.5%, contingent upon the specific autonomous community.
Who pays for the deed to a new developments?
Typically, the buyer is responsible for notary and registry fees, unless a different arrangement has been made with the developer. The execution of the deed for new construction occurs in the presence of a notary to formalize the purchase and ensure the legality of the transaction.
How much is the VAT on new development?
VAT on the purchase of new-build projects in Spain is 10% of the price of the property. In the case of parking spaces and storage rooms linked to the property, this percentage is also applied.
Are you looking for properties in new developments in Marbella?
‘Investing in new construction in Marbella stands out as a highly prudent choice for individuals seeking exclusivity, security, and significant appreciation potential. These new developments feature contemporary designs, energy-efficient solutions, and cutting-edge technology and home automation, ensuring an unparalleled living experience. Furthermore, purchasers enjoy the advantages of structural warranties and the assurance of a brand-new residence, eliminating the necessity for renovations. In the vibrant market of Marbella, new construction serves as a strategic investment that safeguards capital while fostering growth over time,’
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