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New developments in Tenerife

New-build apartments and villas for sale in Tenerife.

Buying a new build in Tenerife

On a property still under construction, the developer usually asks for a reservation deposit and then staged payments, with the balance paid when the deeds are signed. Spanish law requires payments made before completion to be protected by a bank guarantee or insurance.

The taxes on a new build are different from a resale. Our buyers guide explains them.

See also apartments and villas.

Buying costs, the role of the abogado and the taxes you will pay are set out in our buyers guide.

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