BUYING PROCESS
BUY A NEW-BUILD PROPERTY IN SPAIN IN 6 STEPS
1. Choose Your Property
OR Nordic helps you find the right new-build property that fits your lifestyle, budget, and long term goals. Once you have selected your new home, we guide you step by step through the full purchase process.
2. Reservation
To secure the property, a reservation agreement is signed.
The reservation fee is usually €6,000–€10,000, depending on the property price, and is fully deducted from the final purchase price.
Once reserved, the property is removed from the market.
3. Legal Checks
An independent lawyer carries out full legal checks on your behalf at no extra costs. This includes verifying building licences, planning permissions, and Land Registry details to ensure everything is correct and compliant .
4. Private Purchase Contract
After legal review, the private purchase contract (Contrato Privado de Compraventa) is signed.
At this stage, you pay 10–25% of the purchase price depending on the developer’s payment schedule.
All payments are protected by bank guarantees.
Important: For new build properties in Spain, 10% VAT must be added to the purchase price.
5. Construction & Progress
During construction, payments are made according to the agreed schedule in the contract. OR Nordic keeps you informed throughout the build phase and coordinate site visits where possible.
You always know what stage your property is in.
6. Completion & Key Handover
Once the property is finished and the First Occupancy Licence is issued, the final payment (usually 50–60%) is made at the notary.
The title deeds are signed, ownership is transferred, and you will receive the keys to your new home.
After the notary, you should expect approximately 2% or less in additional costs, including Land Registry registration, notary fees, and stamp duties.
