The Buyers Guide

The Buyers Guide

New Build & Off Plan Purchases

The team at Jason Callow Homes specialises in new and off plan purchases, homes that you will be the first owner of. This choice of property gives you greater control and flexibility of the units location and configuration. It is quite normal to be able to customise and upgrade your property if buying off plan or during construction. This allows you to change specifications and perhaps fully customise a basement area into a living space perfect for your needs.

Unlike buying a re-sale property, buying off plan homes gives you a longer period to spread the cost. Typically, with a new build property, you are given a 10 year building guarantee and all purchase instalments are bank guaranteed by law. All the modern off plan projects than sell are built to the latest eco standards and therefore are much more economical to run compared to older buildings. Features such as underfloor heating, aerothermal air conditioning/heating and home automation systems are installed as standard.

The Process of Buying with JC Homes

Our experienced sales executives will work along-side you to hand-pick the finest properties available in the best locations to suite your requirements. There is an abundance of developments on the market, so trust us to only deliver the most relevant and best selling projects so that you can enjoy the buying experience.

Online Tours and Video Calls

We have now implemented online tours and video calls across our property portfolio. This means we can show you, live, the shortlisted properties remotely giving you an insight into the project before you visit.

The Process of Buying with JC Homes

Property Reservation

So you have found your dream residence! Now we must secure the property by paying a reservation fee, normally to the amount of €6-15,000. This will remove the property from the market so that no other buyer has access to it but more importantly holds the purchase price. We will now appoint a lawyer to start the conveyancing checks on the property/development.

Exchanging Contracts

This is the moment that both parties (seller and buyer) sign the Private Purchase Contract (PPC) which means both the buyer and seller are legally bound to complete the purchase. The PPC contract is normally signed no more than 30 days after reserving the property. A deposit is payable at this moment of between 20% and 30% of the sale price + IVA.

The Process of Buying with JC Homes

Mid-Construction Payments

If buying early into the construction process, it is normal that your payment plan will include a stage payment or two during the period of construction before completion. Typically, depending on the stage of construction this is 6 months after signing the PPC or is fixed on a certain point of construction e.g. finishing the structure to the roof level. This would normally be a further 10% to 20% + IVA.


A very exciting day for all! Both parties attend a meeting at the Public Notary where the final balance is paid + IVA. At this moment you become the official owner of your brand new home and receive the keys.

Purchase Costs

We advise all of our clients to budget approximately 13.5% on top of the property price to account for the following purchase costs involved with buying a new property:

Purchase Costs


New properties are subject to Spanish value added tax (IVA) which is 10%. This tax is paid throughout the payment plan with each stage payment.

Notary Fees

Spanish law stipulates that all property purchases must be notarised to ensure all official documents are correct.

Purchase Costs

Legal Fees

Legal fees are typically 1% of the total purchase price and are payable to your lawyer to perform all due diligence by checking all the necessary paperwork and purchase contracts.

Stamp Duty

Stamp duty is required to be paid at the point of completion for all new build properties. It is a payment made direct to the government.

The Running Costs after Purchasing

Basura – Rubbish collection tax
IBI – Local Property tax
Comunidad – Community fees if your property is part of an urbanisation
Insurance and Utility costs
Private maintenance costs if you purchase a private villa.

Jason Callow Homes provides this buyers guide for information purposes only, it is not intended to replace professional advice and should be just used as a guide.

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