Buying in Las Colinas Golf: a guide for the high-end buyer
By Bennecke Real Estate ·
Buying in Las Colinas Golf follows a legal process similar to the rest of Spain, but with nuances specific to high-end transactions: greater scrutiny of new-build documentation, more tailored negotiations and a buyer profile seeking discretion as well as quality. Bennecke has been handling purchases in this resort since 1988, and this guide covers what you need to know.
Why buy in Las Colinas Golf
Beyond the golf course itself, the resort offers a set of guarantees that specifically attract a demanding buyer experienced in luxury properties.
- 24-hour private security and access control throughout the resort.
- Consistent construction quality, without the variability typical of areas with many different developers.
- Protected natural setting guaranteeing that views and privacy will be preserved over time.
- Social club, spa and golf services built into daily resort life.
Steps in the buying process
The legal framework is the same as elsewhere in Spain, but in high-end transactions it's worth reinforcing certain steps.
- Obtain the NIE, a prerequisite for any transaction.
- Open a Spanish bank account, usually with private banking given the transaction size.
- Review the new-build project in detail, including the building licence and developer's guarantee certificate.
- Sign the reservation or deposit contract, with terms usually more detailed than standard housing.
- Hire an independent lawyer specialised in high-value transactions.
- Sign the deed before a notary and settle taxes.
Costs of buying in Las Colinas Golf
Since much of the stock is new-build, the tax costs differ from a standard resale property elsewhere on the coast.
| Item | Approximate cost |
|---|---|
| VAT + AJD (new build) | 10% + 1.5% |
| ITP (resale, less common here) | 10% of purchase price |
| Notary and registry (larger transactions) | €2,000 - 4,000 |
| Specialised lawyer | €1,500 - 3,000 |
What to check before buying here
In new-build, high-end transactions, certain aspects are worth verifying with special rigour before committing.
- Developer's solvency and track record, especially for off-plan purchases.
- Construction guarantees and delivery deadlines committed to in the contract.
- Resort internal rules on holiday rentals, if the property is planned as an investment.
- Resort maintenance fees, higher than standard developments due to the level of services included.
Financing for high-end buyers
Banks typically offer specific terms for high-value transactions, with financing reaching up to 70% for non-resident buyers with a strong credit profile. In large transactions, many buyers opt for a mix of Spanish and international financing to optimise terms.
Next step
If you're considering buying in Las Colinas Golf, Bennecke accompanies you with the discretion and luxury-market knowledge these transactions require, with over 5,000 transactions managed since 1988. Write to us at info@bennecke.com or call +34 965 714 362.
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