What process steps confirm the final price of a new-build?

Confirming the final price of a new-build property on the Costa del Sol involves several crucial process steps. Initially, the developer will provide a detailed price list outlining unit costs, often with a base price and potential premiums for specific views, larger plots, or upgrades. It's essential to scrutinize this initial price list for clarity on what is included and what might be an additional cost. The first definitive step in price confirmation occurs with the signing of the reservation agreement, which typically locks in the property’s price and requires a deposit. This agreement should clearly state the purchase price and payment schedule, including any stage payments as construction progresses. Subsequently, the Private Purchase Contract (PPC) further solidifies the agreed price, detailing the full payment structure, including VAT (IVA), stamp duty (AJD), legal fees, and notary fees, which are significant additions to the advertised property price. Buyers should instruct an independent lawyer to review this contract thoroughly, ensuring all price components are transparent and legally binding, and that no hidden costs are present. Furthermore, understanding the developer's policy on price increases for phases not yet released, as described in the article, is crucial, even if your specific unit's price is fixed. Finally, the Public Deed of Sale (Escritura Pública) signed before a Spanish notary public legally formalizes the transaction and confirms the final, total price paid for the property, including all associated taxes and fees, as recorded for official registration.