The Process of Buying a New-Build Home in Barcelona

Buying a new-build property in Barcelona is an excellent long-term investment, but it can be a process full of details if you are not familiar with it. At LuxHabitat, we guide our clients through each step to make the experience clear and hassle-free. Here, we outline the step-by-step process of purchasing a new home, helping you optimize your search and plan every stage of the process.

1. Choosing and Reserving Your Property

The first crucial step is choosing your future home. Once you find the ideal home, you will need to make a reservation, securing the property in your name. This initial payment, typically between 3% and 5% of the total price, ensures the home is reserved while you proceed with the next steps.

Read more about how to choose your first apartment in Barcelona in our article: What to Consider When Buying Your First Apartment.

2. Signing the Purchase Agreement

After making the reservation, the next step is to sign the purchase agreement, a crucial document that formalizes your commitment to buy. At this point, you will need to pay 10% of the property price. This initial payment sets the terms of the purchase and guarantees that the property remains available to you until delivery.

3. Payments During Construction

During the construction phase, typically six months after signing the contract, another 10% payment of the total property price is made. This installment payment plan is common in new-build purchases in Barcelona and offers more flexibility for buyers. Additionally, during this period, LuxHabitat offers various options to customize certain aspects of your home, such as finishes and layouts.

Discover more about the benefits of buying off-plan in our article: Buying Off-Plan Property in Barcelona.

4. Mortgage and Final Preparations

In most cases, new-build buyers finance part of the purchase through a mortgage. According to current market recommendations, it's ideal to start managing financing around six months before the property is delivered. This allows enough time to compare mortgage offers and choose the best option.

It’s important to know that some developments, like those from LuxHabitat, have agreements with banks that offer preferential terms to buyers, making it easier to secure a mortgage tailored to your needs.

5. Key Handover

The final stage is the key handover, which typically takes place between 18 and 24 months after the contract is signed. At this point, you will pay the remaining 80% of the property price, usually through the previously arranged mortgage. This is an exciting moment, as you can finally move into your new home and start your life in a new-build home.

6. Warranties and After-Sales Service

New-build properties usually come with warranties from the developer, covering any potential defects. LuxHabitat has a dedicated after-sales team to assist you if you need help after the handover.

Conclusion

Buying a new-build property in Barcelona, while it may seem like a lengthy process, is a well-structured journey that allows buyers to adapt to the construction and financing timelines. At LuxHabitat, we accompany you every step of the way, ensuring that the experience is as smooth as possible. From the initial reservation to the key handover, we are committed to providing transparency, personalization, and high-quality service.

Remember, having a team specialized in new-builds will make this process much easier and free from surprises.