Resale versus New Build Property in Spain: A Comprehensive Comparison
Whether you’re looking for a holiday home, an investment property, or a permanent residence, one key decision is whether to buy a resale property or a new-build home.
One virtual viewing was enough for Liliana Napoletano Hernandez to know she had found her perfect home in the Valencian countryside.
Liliana, a 50-year-old dog trainer, is delighted with her rural villa near the town of Llíria, which she moved into with her four dogs in January 2021.
She decided to buy the property in September 2020 after her HomeEspaña agent showed her round virtually – while she was at home in the UK. Soon after, Liliana sold her terraced house in Northamptonshire and was able to relocate to Spain before Christmas.
“It all started when I woke up one day and realised I didn’t want to grow old in the UK!” recounts Liliana, who is a Spanish national but lived in the UK for 22 years.
“I have an English friend who lives nearby in L’Eliana and he recommended the area. I found HomeEspaña via the internet, and in early September 2020, came out for three days to view properties with them. We weren’t able to view one of them – my future home – before I returned to the UK because there were tenants in it. So Rory, my agent from HomeEspaña’s Valencia office, agreed to do a virtual tour for me, as soon as it became empty. And the rest is history.”
In advance of her trip, Liliana had also made contact with a boarding kennels in the town of Llíria, who invited her to discuss work opportunities. “Fortunately they were able to offer me some work as a trainer, initially just at weekends due to Covid restrictions, but it’s a start.”
Liliana made the big move out to Spain on 18th December 2020.
She was able to lodge at the kennels, before getting the keys to her new home in late January. She brought three dogs with her from the UK, but has since adopted a fourth!
She couldn’t be happier with her villa, for which she paid €115,000 instead of the €119,000 asking price. The three-bedroom property is a 25-minute stroll from the centre of Vilamarxant, a traditional village with restaurants and basic amenities. Llíria, which is under an hour on the metro from Valencia city-centre, is 10-15 minutes’ drive away.
“It ticks every box,” said Liliana. “It’s not too big, but sits on a large plot with a pool, terrace and orange and lemon trees. There are lovely views of mountains at the front and a national park at the rear. I’ve got three immediate neighbours, who are Spanish, but we’re not too close to each other. And I have great countryside on my doorstep for walking the dogs.”
Liliana appears to have found her idyllic lifestyle and is thankful to HomeEspaña, who helped her throughout the purchase process and beyond. “I’ve nothing bad to say about HomeEspaña,” she said. “They were amazing, from start to finish. If there was any small issue during the process, the team was always contactable for help. And they helped find tradespeople for bits of work I needed doing, including an electrician for re-wiring and someone to remove an internal wall.”
Congratulations Liliana, we hope you and your dogs enjoy your new home!
Whether you’re looking for a holiday home, an investment property, or a permanent residence, one key decision is whether to buy a resale property or a new-build home.
Whether you’re seeking a second home, a retirement haven, or an investment opportunity, understanding the differences between regions can help you make the right choice.
Here are some Frequently Asked Questions regarding the new law and the answers we hope will help potential and current homeowners understand the new scenario and its implications.
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