Buying an off-plan property in Spain can be an attractive option for buyers seeking a modern home, competitive pricing, and strong long-term value. On the Costa del Sol, and particularly in areas such as Mijas Costa, new developments continue to attract international buyers looking for contemporary living close to beaches, golf courses, and amenities.
However, purchasing off-plan requires careful planning and professional guidance to ensure the process is safe and legally secure. At Target Property Spain, the team regularly advises expat buyers on how to navigate off-plan purchases with confidence. Below are the key considerations every buyer should understand before committing.
What Does Buying Off-Plan in Spain Mean?
Buying off-plan involves purchasing a property that has not yet been completed, and in some cases, has not yet begun construction. Buyers typically reserve a unit based on architectural plans, specifications, and show homes, paying staged deposits as construction progresses until final completion at the notary.
Off-plan purchases can offer excellent advantages, including early-stage pricing, flexible payment schedules, and the opportunity to secure the most desirable units within a development. That said, buyers must ensure appropriate legal safeguards are in place.
Top Tips for Buying Off-Plan Safely in Spain
1. Ensure All Payments Are Protected by a Bank Guarantee
Spanish law requires that all deposits paid towards an off-plan property are protected by a bank or insurance guarantee. This guarantee ensures that if the development is delayed, cancelled, or fails to complete, the buyer is entitled to recover the full amount paid.
Before transferring any funds, an independent lawyer should verify that a valid bank guarantee is in place for each stage payment. At Target Property Spain, buyers are strongly advised not to proceed with any off-plan purchase where this protection cannot be confirmed.
2. Confirm the Building Licence Has Been Granted
A valid Licencia de Obras (building licence) is essential for any off-plan development. This licence confirms that the project has been approved by the local town hall and that construction may legally commence.
Buying off-plan without a granted building licence can significantly increase risk and lead to delays or legal complications. A qualified Spanish lawyer should independently verify the licence details as part of the due diligence process.
3. Research the Developer’s Track Record
The developer’s experience and reputation play a crucial role in the success of an off-plan purchase. Buyers should research:
- Previous developments completed by the developer
- Build quality and finishes
- Delivery timelines
- After-sales service
Developers with a strong track record on the Costa del Sol provide buyers with greater confidence and reduce overall risk.
The Importance of Legal Due Diligence
Instructing an independent lawyer who specialises in Spanish property law is one of the most important steps when buying off-plan. The lawyer will:
- Review all contracts and payment schedules
- Confirm the validity of bank guarantees
- Verify planning permissions and licences
- Ensure deposits are paid into designated project accounts
- Check completion deadlines and penalty clauses
Proper legal due diligence is essential to protecting the buyer’s interests throughout the process.
Is Buying Off-Plan in Mijas Costa a Good Option?
Mijas Costa remains one of the most sought-after areas for off-plan developments on the Costa del Sol. Its combination of location, infrastructure, and lifestyle appeal makes it particularly attractive to international buyers.
When purchased correctly, off-plan property in Mijas Costa can offer:
- Competitive pricing at early stages
- Modern, energy-efficient homes
- Potential capital appreciation
- Strong rental demand once completed
Success depends on selecting the right development and following a structured, legally sound buying process.
Expert Guidance from Target Property Spain
At Target Property Spain, the team specialises in helping international buyers purchase property safely and confidently on the Costa del Sol. With in-depth knowledge of off-plan developments in Mijas Costa, Target Property Spain provides clear, honest guidance from reservation through to completion.
For buyers considering an off-plan purchase in Spain, professional advice and local expertise can make all the difference.