Obra Nueva is a document which certifies the concession of a brand new building. The new property may be new and ready for occupation, or the document may refer to the right of the developers who own the land to build new homes.
What are the advantages of buying new property in Spain? All new property comes with a 10-year guarantee, so if any problems due to the structure or materials used, the buyer will be able to claim for expenses.
Another advantage is the fact that in the case of brand new property, the price of the house remains fixed from the moment the deposit is paid.
|Other useful links|
|Latest news on the property market in Spain Selection of news articles related to the real estate market here.|
|Mortgages in Spain, a brief introduction to the Spanish mortgage market, how it works and interest rates in Spain|
|Spanish banks, before applying for a mortgage, find out more about Spain's most popular banks and Spanish savings banks.|
|Property taxes in Spain, description of taxes involved in purchasing property and yearly property taxes in Spain.|
|Useful Spanish vocab for buying a house - you should learn at least the basic terms. Check out our pronunciation guide too.|
|Renting property in Spain - if you want to buy to rent, then read this section and our free notice board of property to rent in Spain.|
|Spanish lawyers - information on lawyers fees in Spain for property transactions|
|Houses for sale in Spain - take a look at the kind of houses available. Or check out our free Spain property for sale board.|