Buying a property in Calpe is a significant decision that depends on various factors, such as budget, location, and personal preferences. In this article, we analyze the key differences between purchasing a new or second-hand house in Calpe to help you make the best decision.
Comparison between new and second-hand homes
Price
Second-hand homes are usually more affordable than new builds. In Calpe, the average price per square meter for a second-hand property is around €2,171, whereas for a new property, it exceeds €3,000. This difference can be crucial if you have a tight budget. Check current prices on Idealista.
If you want to know the real value of your property, check out our article on property valuation.
Location
Second-hand properties are often in well-established areas, close to the sea and the center of Calpe. In contrast, new builds tend to be in developing areas, further from the center. If proximity to services and beaches is a priority, a second-hand home may be the best option. Learn about the best areas in Alicante Real Estate and our article on the best areas to live in Costa Blanca.
Energy efficiency
New homes comply with stricter energy efficiency regulations, resulting in lower electricity consumption and greater comfort. Older homes may require renovations to improve their energy efficiency. Learn more about energy certifications at IDAE.
️ Maintenance and renovations
A new house requires minimal maintenance in the first few years, while a second-hand home may need repairs and renovations. This additional cost should be factored into your purchasing decision. Check renovation options at Houzz.
Availability and variety
The second-hand market offers a wider variety of homes in terms of styles, locations, and prices. Additionally, these properties are usually available for immediate move-in, unlike new builds, which may have long delivery times. Find available options on Fotocasa.
If you are looking for a villa in Calpe under one million euros, check out our selection at MP Villas.
Property appreciation
New homes can be attractive in emerging areas with growth potential. However, well-located second-hand houses can also experience significant appreciation over time.
For more information on real estate investment, check out our guide on investing in luxury properties in Spain.
Additional costs
When buying a second-hand home in the Valencian Community, you must pay the Property Transfer Tax (ITP), which is 10% of the property value. For new homes, VAT is also 10%, along with additional costs such as notary and registration fees. Learn more at Notarios de España.
If you are looking to sell your property in Calpe efficiently, discover how at MP Villas.
⭐ Conclusion
The best option between buying a new or second-hand house in Calpe depends on your needs and budget. If you are looking for a prime location at a more affordable price, a second-hand home might be the best choice. If you prefer energy efficiency and lower maintenance, a new build is worth considering.
Consult a real estate agent to explore the best available options in Calpe and find your ideal home!
Frequently Asked Questions
What is cheaper, a new or a second-hand house in Calpe?
Second-hand homes tend to be more affordable per square meter, although they may require renovations that increase the final cost.
Is it better to invest in a new or second-hand home in Calpe?
It depends on the investment goal. New builds can be attractive in growing areas, while second-hand homes offer opportunities in established locations.
What taxes are paid when buying a home in Calpe?
For second-hand homes, the Property Transfer Tax (ITP) is 10%, while for new builds, VAT (10%) and other additional costs apply.