problem
Off-plan payment plans in Manilva. Typical stage payment structures, reservation deposits, and what to expect when buying new-build investment property.
problem
Off-plan purchases in Spain use staged payment structures. You don't pay the full price upfront. Instead, payments are spread across the construction period, with the balance due on completion.
This structure benefits investors by spreading capital commitment and allowing time to arrange financing for the final payment.
| Stage | Timing | Typical % | Example (€296,010) |
|---|---|---|---|
| Reservation deposit | On signing reservation | 2-3% | €6,000-€9,000 |
| Private contract deposit | Within 30-60 days | 20-30% | €59,000-€89,000 |
| Construction stage 1 | Foundations complete | 10-15% | €30,000-€44,000 |
| Construction stage 2 | Structure complete | 10-15% | €30,000-€44,000 |
| Completion balance | On handover | 40-55% | €118,000-€163,000 |
Exact percentages and timing vary by developer and development. The above is illustrative.
You sign a short reservation agreement and pay a relatively small amount (typically €6,000 to €10,000) to take the unit off the market. This gives you and your lawyer time to review the full purchase contract.
The main purchase agreement. You pay the larger initial deposit (20% to 30%) and both parties are legally committed. Your lawyer must have verified the bank guarantee and building licence before this stage.
One or two payments during construction, usually triggered by specific milestones (foundations poured, structure topped out). The developer notifies you when each milestone is reached.
The final payment, made at the notary when you sign the title deed. This is when VAT (10%) and stamp duty (1.2%) are also due. Many buyers arrange a mortgage drawdown at this stage to cover the completion balance.
Yes. Many international investors pay the staged deposits from their own funds and arrange a Spanish mortgage for the completion balance (typically 60% to 70% LTV). The mortgage is drawn down at completion.
This approach keeps your capital deployed efficiently: smaller staged payments from savings, larger completion balance financed by the bank.
Contact BlancaReal to discuss the specific payment structure for Nylva Homes or other western Costa del Sol developments.
Why local customers trust BlancaReal
Questions answered
Typically €6,000 to €10,000, or 2% to 3% of the purchase price. This holds the unit while your lawyer reviews the purchase contract.
Payment schedules are usually set by the developer and apply to all buyers. There's limited room for negotiation, though some developers offer flexibility on timing.
Usually yes if you withdraw before signing the private purchase contract, minus any administrative fees. Once you sign the private contract, deposits are typically non-refundable.
VAT (10%) and stamp duty (1.2%) are due at completion when you sign the escritura (title deed) at the notary.
Mortgage drawdown happens at completion. Stage payments during construction must come from your own funds or alternative financing.
Contact the developer immediately. Most developers allow short extensions for genuine reasons. Failure to pay can result in contract cancellation and loss of deposits.
Yes. Each payment must be covered by the developer's bank guarantee. Verify this with your lawyer before each transfer.
Payments are in euros. If your funds are in another currency, use a specialist broker rather than your bank to minimise exchange rate costs.
Still have questions?
Book a consultation or message us on WhatsApp. We give practical guidance, not sales pitches.