New Build Property Sales in Spain: 23% Are New Developments – A Decade High

A major shift is reshaping Spain’s real estate landscape: new build homes now represent nearly 1 in 4 property sales nationwide—the highest share in over a decade. According to a March 2025 report from Idealista, this boom in “obra nueva” is fueled by rising demand for energy-efficient, turnkey-ready properties, particularly along Spain’s southern coast.

23% of all homes sold were new builds, marking the highest percentage of new build sales since 2014. This trend reflects a long-term shift in buyer behavior across all market segments.

Among Spain’s hottest property markets, Andalusia—and more specifically, Estepona's New Golden Mile—stands out as a top performer. With luxury beachfront developments and strong foreign investment, the area is driving new construction growth and record-breaking property values.

According to the Guadalmansa Real Estate Report, this beachfront enclave now boasts:

• Prices up to €7,500/m²
• Rental yields reaching 6.5%
• High occupancy rates for both holiday and long-term lets
• New build developments in Torre Bermeja, Cabo Bermejo, and Las Dunas Park

This graphic shows how Estepona and its surrounding areas compare to national averages in pricing, rental income, and new build demand. Source: Idealista, Área Costa del Sol, Livingstone Estates Market Report.

• Modern layouts and energy-efficient systems
• Compliance with latest building codes
• Warranty and low maintenance
• Customization options during off-plan phases
• Premium amenities such as spa, gym, and beachfront views

If you're considering a high-return property investment or a luxury second home on the Costa del Sol, new build homes offer unparalleled value and peace of mind. They also qualify for the Spanish Golden Visa if priced over €500,000 (valid through April 2025).

• Torre Bermeja
• Cabo Bermejo
• Las Dunas Park
• Menara Beach
• Los Granados del Mar

If you're looking to explore the best new build properties in Estepona and the New Golden Mile, get in touch with our expert team today.

• Email: info@livingstone-estates.com
• Phone: +34 952 806 417
• Office: Urb. Guadalmansa, Edif. Salinas, Local 7, Estepona, Málaga

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