Buying a property on the Costa del Sol is an important decision, whether as a first residence, second home or investment. One of the first dilemmas faced by any buyer is to choose between a new or resale property.
Both options have their own characteristics that may influence your choice depending on your priorities, your lifestyle and your medium or long-term plans. Below, we analyze clearly and objectively what you can expect from each type of property.
WHAT IS A NEW HOME AND A RESALE HOME?
Before analyzing the characteristics of each option, it is important to clarify what is meant by new home and resale property.
A new-build property is one that is purchased directly from the developer or builder, i.e. it is being built for the first time. These properties are generally located in new developments or expanding areas, and are usually built to the latest design, sustainability and energy efficiency standards.
On the other hand, a resale or second-hand property is one that has already had one or more owners and has been previously inhabited. They are usually found in consolidated areas, with established services and a longer urban trajectory. Some are ready to move into, while others may need to be renovated or updated according to the needs of the new buyer.
ADVANTAGES OF BUYING A NEWLY BUILT HOME
Buying a new property has multiple benefits, especially if you are looking for modern design, energy efficiency and less short-term concerns:
- Modern design and personalisation
Newly built homes on the Costa del Sol are designed with open spaces, integrated kitchens, large terraces, state-of-the-art materials and functional layouts designed for comfort and modern lifestyle. In addition, depending on the project, they can allow some customizations, both in the distribution and in the quality of the materials used in certain parts of the house.
- Increased energy efficiency
A major advantage is that most new developments comply with the latest sustainability and energy efficiency standards, which translates into lower consumption, better insulation and lower bills.
- Minimal maintenance
As they are new, these homes do not require renovations or repairs in the short term, allowing you to move in and enjoy from the first day without any surprises.
- Common areas and services
Many new developments include luxury common areas: swimming pools, gyms, gardens, co-working, 24h security or even spa. Something that is not always available in resale homes.
- Payment facilities during construction
In many cases you can pay for the property in several phases while it is being built, which makes financial planning easier if you do not need immediate delivery.
ADVANTAGES OF BUYING A RESALE PROPERTY
- Consolidated location
Resale homes tend to be in more central, urbanized and consolidated areas, close to stores, services, schools and transportation. This is key if you are looking for proximity to everything or if you prefer already developed areas versus new neighborhoods in expansion.
- More competitive price
Generally, the price per square meter is lower than that of a new construction. In addition, you can negotiate better conditions with the owner, which can represent a significant saving.
- Immediate delivery
A resale home can be occupied almost immediately after signing, ideal for those who are in a hurry or need to move soon.
- Possibility to reform as you wish
Many pre-owned homes offer the opportunity to customize and renovate to your specifications. This can be an advantage if you want to adapt the space to your needs or personal style.
- Potencial de revalorización tras reforma
By renovating an old house, you can significantly increase its value, which is very interesting if you are thinking of reselling or renting it later.
POSSIBLE PRICE DIFFERENCES BETWEEN NEW AND RESALE HOMES
When assessing the price of a property on the Costa del Sol, it is important to bear in mind that new construction is usually significantly more expensive than second-hand housing. According to the report “Vivienda de Obra Nueva 2025” prepared by Tinsa, which we have accessed through Fotocasa, the average price of a newly built property is 44% higher than that of a resale property. This price difference is one of the main reasons why, according to the Fotocasa Research study “La Vivienda de Obra Nueva en 2024”, 59% of buyers end up discarding the option of new construction because they consider it too expensive.
In addition, the tax burden also varies between the two options:
- New construction: VAT of 10% is paid on the deeded price and the Stamp Duty Tax (IAJD), the percentage of which varies according to the autonomous community.
- Resale property: No VAT is paid, but the Property Transfer Tax (ITP) is paid, which in Andalusia ranges between 6% and 10% depending on the value of the property and the tax policies in force.
WHICH ONE BEST FITS YOUR PROFILE?
Both options offer valuable attributes that can be adapted to different buyer profiles.
A brand new home may be ideal if you are looking for a brand new modern home, comfort from day one, value a modern and quiet environment, and are interested in energy efficiency. On the other hand, a resale home may be a better fit if you prefer a central or established location, want to move in quickly, or like the idea of renovating and customizing your new home.
The real estate market on the Costa del Sol is wide and diverse enough to find interesting options in both cases, from Marbella, Estepona, Benahavis or Mijas, to quieter inland areas. At BIOS we have a wide portfolio of both types of properties to recommend according to your needs. Contact us and we will advise you personally in the search for the perfect property for you.
