property types

What are the pros and cons of resale vs new-build in Spain?

RESALE (second-hand) advantages: often larger plots and rooms (older building standards), established gardens and communities, proven property (you see exactly what you buy), negotiation potential on price, lower tax (10% ITP vs 11.5% IVA+AJD for new builds), immediate availability, character and charm in older properties.

Resale disadvantages: may need renovation, older building materials and insulation, potentially higher energy costs, may lack modern amenities.

NEW-BUILD advantages: modern design, superior energy efficiency (saves on utilities), 10-year structural warranty, latest building standards, customizable finishes, modern kitchen and bathroom fittings, often includes air conditioning, underfloor heating, and high-spec insulation.

New-build disadvantages: premium price, possible construction delays for off-plan, new urbanizations may lack mature gardens, higher upfront tax.

The best choice depends on your priorities — character vs modernity, budget vs specification, immediate availability vs customization.

WOW-Estates offers both resale and new-build properties to match every preference.