How Much Is Too Much?
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How Much Is Too Much?
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How much extra would you be prepared to pay simply because a property is new? 10%? 20%? 30%? How much is too much?
The latest data suggests many buyers in Spain are paying far more than that.
In this 6-minute edition of Spain Property Insights I look at the extraordinary premiums currently being paid for new-build property and ask whether they have reached unsustainable levels.
Among the issues covered:
• Why many new-build developments are no longer in the very best locations
• The startling premiums revealed by the latest notarial data
• Whether affordability is beginning to challenge the new-build sector
One statistic in particular caught my attention.
Across Spain as a whole, the premium being paid for a new-build house is currently 80%. At what point does "new" simply become too expensive?
It's interesting that the latest data for 2026 first quarter price rises show new-builds rising less than resales, 9.5% against 13.5%.
For more market analysis, buyer guidance, videos, blogs and podcasts about buying property in Spain, visit our website at www.thepropertyfinders.com