Buy New-Build vs Resale?
1. Price & Value
New-Build
✔ Higher purchase price compared to similar-sized resale homes
✔ Lower running costs due to energy efficiency
✔ VAT (IVA) applies: 10% instead of the 6–10% transfer tax on resales
✔ Payment plan during construction spreads costs
Resale
✔ Usually better value per square meter
✔ More room for negotiation
✔ Purchase tax (ITP) instead of VAT — often cheaper overall
✔ Immediate availability
2. Condition & Maintenance
New-Build
✔ Everything is brand new
✔ Modern layouts, good insulation, double glazing
✔ Lower risk of hidden issues
✔ Builder’s warranty (10 years on structure)
Resale
✔ Property condition varies — some may require renovations
✔ Older systems (plumbing, wiring) may need updates
✔ Character and solid construction in many traditional homes
✔ Potential to add value through upgrades
3. Location
New-Build
✔ Often found in expanding areas, new residential zones or outskirts
✔ Modern communities with pools, gyms, and landscaped gardens
✔ Less availability in central or established neighborhoods
Resale
✔ Typically located in mature, highly desirable areas
✔ Close to shops, schools, beaches, and local amenities
✔ Bigger plots or better orientation in older developments
4. Buying Process & Timing
New-Build
✔ Off-plan purchases involve staged payments
✔ Completion times vary — from months to 2+ years
✔ More paperwork due to developers, guarantees, and bank guarantees
Resale
✔ Faster process — typically 4–8 weeks
✔ Immediate move-in or rental
✔ More straightforward documentation
5. Investment & Rental Potential
New-Build
✔ Attractive to holiday renters due to modern features
✔ Higher rental rates for new homes
✔ Strong demand for energy-efficient properties
Resale
✔ Excellent for long-term rentals in established locations
✔ Opportunity to renovate for higher ROI
✔ Lower purchase price means better gross yields
Who Should Choose a New-Build?
A new-build property is ideal for buyers who want:
- A modern, low-maintenance home
- Strong energy efficiency
- Resort-style living with shared amenities
- Warranty protection and predictable costs
- A holiday home that attracts short-term renters
Perfect for: retirees, holiday-home buyers, investors seeking modern appeal.
Who Should Choose a Resale Property?
A resale property suits buyers who want:
- A central, established location
- Larger plots or more traditional architecture
- Character and individuality
- Better value and negotiation possibilities
- A home they can personalize
Perfect for: families, relocators, investors seeking long-term rental potential or renovation opportunities.
Cost Examples (General Overview)
(Exact figures vary by region and market.)
Factor
New-Build
Resale
Purchase Tax
10% IVA
6–10% ITP (region dependent)
Notary/Legal Fees
Moderate
Moderate
Maintenance
Low
Variable
Rental Potential
High for short-term
High for long-term
Energy Efficiency
Excellent
Mixed
Final Thoughts: Which One Is Best?
There is no one-size-fits-all answer — both new-build and resale homes offer excellent opportunities depending on your priorities.
Choose a new-build if you want modern comfort, energy efficiency, and low maintenance.
Choose a resale if you prefer a better price, established locations, and more character.
At Marmax Realty, we help buyers compare real options side by side, including price breakdowns, location pros and cons, and rental estimates — so you can choose the home that truly fits your lifestyle.
