New build properties in Spain

Buying new build property in Spain — process and financing

Purchasing a new build property in Spain involves a number of steps that, without the right support, can feel overwhelming — particularly when buying off-plan, where the process begins many months before the keys are handed over. The first and essential step is obtaining your NIE number — the Spanish tax identification number for foreigners, without which it is not possible to sign any contract or make bank payments in Spain. We explain this process in full detail in our article: What is a NIE number, what is it for and where to get it.

At Azul Villa Properties we guide you through every step of the transaction: obtaining your NIE number, opening a Spanish bank account, legal review of the developer's contract, negotiation of payment terms, assistance with a mortgage for non-residents and signing at the notary. We work with trusted local lawyers and gestores based in Orihuela Costa, ensuring that every stage of the process is fully managed — and that you do not need to travel to Spain for every signature.

New build property on Costa Blanca South attracts buyers from across Europe — international interest in areas such as Orihuela Costa, Torrevieja and Punta Prima continues to grow year on year. The reasons are straightforward: a Mediterranean climate with over 300 days of sunshine per year, excellent flight connections to Alicante Airport from across the UK and Europe (approximately 45 minutes from Orihuela Costa), well-developed commercial and medical infrastructure, and comparatively accessible prices when set against other popular regions of Spain such as the Costa del Sol or Barcelona.

Rising holiday rental demand means that a new build investment in Spain is not just a dream holiday home — it is also a genuine capital investment. Apartments in Orihuela Costa and Torrevieja generate rental yields of 4–6% per year, with occupancy rates approaching 100% during the summer season. Off-plan purchases also benefit from natural price appreciation — the value between contract signing and key handover typically rises by 10–15%, representing a gain before the first rental booking has even been made.

Our office is based locally in Orihuela Costa — we know every development in Villamartín, La Zenia, Dehesa de Campoamor and Playa Flamenca at first hand. We know which projects offer the best value for money, which developers have a solid track record of delivery, and which developments are best avoided. Contact us today and book a free, no-obligation consultation — buying new build property in Spain with a trusted local adviser is a far simpler and safer process than you might expect.