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Property Search: New Developments

Smart buyers often look to invest in off plan properties on new developments. It is estimated in Spain to be 15% cheaper on average than buying a second-hand home. New build properties generally have less maintenance issues, in comparison with older properties. Developers are required by law to have insurance policies that cover 10 year structural guarantees for new build homes.

Normally buyers will sign a contract and commit to a series of stage payments during the construction phase, with the majority of the property price being payable on completion. Developers are required by law to provide bank guarantees to buyers to safeguard all monies paid towards the purchase price. If you are considering buying off plan, it is important to organise finance before committing to a purchase agreement.

After the building is finished, you will be issued with a finalisation certificate (certificado final de obra) from the seller. You will also receive a licence of first occupancy (licencia de primera ocupación). This verifies building inspectors from the local town hall confirm that the construction has been carried out in compliance with the planning permission granted, and the property complies with habitation standards.

The Covid-19 global pandemic has increased demand for new build properties in Spain. The estimated 15% cost saving with a new build property allows your budget to go further, meaning a better quality of life. You might have more outdoor space such as gardens, terraces and swimming pool. Or perhaps you obtain extra indoor space which gives greater flexibility or can be used for working from home.

Below you will find a selection of new property developments that we are currently selling off plan in Lanzarote.

3 Bedroom Villa with Pool in Puerto del Carmen
For Sale
New Development

Residencial Europa Villas

from € 315,000
Residential Europa Villas - New development of 3 bedroom villas with pool in Puerto del Ca [more]
Residential Europa Villas - New development of 3 bedroom villas with pool in Puerto del Carmen
3 2.5 104 m2VIEW DETAILS
5
For Sale
New Development

Residencial San Antonio – 3 Bed

from € 169,000
Modern Living in Lanzarote Residencial San Antonio is a brand new development of 57 modern [more]
Modern Living in Lanzarote Residencial San Antonio is a brand new development of 57 modern duplexes in Tias. Phase [more]
3 2 96 m2VIEW DETAILS
7
Residencial San Antonio
For Sale
New Development

Residencial San Antonio

from € 149,000
Residencial San Antonio is a brand new development of 57 modern duplexes in Tias. The deve [more]
Residencial San Antonio is a brand new development of 57 modern duplexes in Tias. The development is ideally locate [more]
6
For Sale
New Development

Residencial San Antonio – 2 Bed

from € 149,000
Modern Living in Lanzarote Residencial San Antonio is a brand new development of 57 modern [more]
Modern Living in Lanzarote Residencial San Antonio is a brand new development of 57 modern duplexes in Tias. Phase [more]
2 2 85 m2VIEW DETAILS

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