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Buying a property in Spain (Andalucia) involves understanding the differences in taxes and legal procedures between purchasing a new build and a resale (second-hand) property. These differences can significantly impact the total cost of the purchase, the legal steps required, and potential financial considerations for buyers, especially foreign investors. Further on is a detailed guide outlining these key distinctions and what buyers need to know before making a decision.

Spain has long been a top destination for expatriates, offering a warm climate, a relaxed Mediterranean lifestyle, and a rich cultural heritage. From the stunning coastlines of the Costa del Sol and Costa Blanca to the bustling cities of Madrid and Barcelona, Spain provides a diverse range of environments that cater to different lifestyles. In recent years, an increasing number of U.S. citizens have chosen to relocate to Spain, drawn by its lower cost of living, favorable visa options, high-quality healthcare, and a more affordable real estate market compared to the U.S.

When purchasing a new build property in Spain, buyers often make advance payments to the developer before construction is completed. This process, known as off-plan purchasing, allows buyers to secure a property at an early stage, often at a lower price than completed properties. However, it also carries financial risks, especially if the developer faces delays, construction issues, or financial difficulties.To protect buyers from financial loss, Spanish law provides several legal guarantees and safeguards.