An illustrative example. Payment schedules vary between developers — milestone proportions, fixed deposit amounts, and timing all differ from project to project. Always confirm the exact terms against your specific developer's contract.

Your Purchase

€
The headline net price quoted by the developer
When the Private Purchase Contract is signed (Building Permit issued)
Non-residents can typically borrow up to 60–70% LTV
How you intend to fund the purchase
%
Non-residents typically max out at 60–70% LTV
Reservation Contract €10,000 + IVA
+ 2 months €15,000 + IVA
PPC signing (Building Permit) to 30%
+ 6 months after PPC 10%
Title Deeds (Delivery) 60%

All amounts include 10% IVA. Your full dated schedule appears below once you enter a PPC signing date.

A note on mortgages for off-plan purchases. Early-stage payments — the reservation, second deposit, PPC, and the 6 month milestone, totalling around 40% of the purchase price — are paid from your own funds. A mortgage is typically drawn down only at Title Deeds, covering part of the final 60%. Plan to have substantial cash available throughout construction.
Purchase price
€0
Net price + 10% IVA

Payment Timeline

An off-plan purchase under this developer's schedule typically spans 22–28 months from reservation through to Title Deeds. Enter your PPC signing date above to see your specific dates below.

1
Start · Day 0
Reservation Contract
The property is taken off market with an initial deposit of €10,000 plus IVA while the reservation contract is prepared.
€0
Fixed
2
+ 2 months · ~2 months later
Second deposit
A further €15,000 plus IVA is paid two months after the reservation contract, bringing the total paid to €25,000 plus IVA.
€0
Fixed
3
PPC signing · ~Building Permit
Private Purchase Contract
The PPC is signed once the building permit is issued. You pay up to 30% of the purchase price in total, less the €25,000 plus IVA already paid.
€0
to 30%
4
+ 6 months · + 6 months
6 month milestone
A staged construction payment of 10% six months after the signing of the Private Purchase Contract.
€0
10%
5
Completion · ~18+ months
Title Deeds
The remaining 60% is paid on completion of the Title Deeds (Licencia de 1ª Ocupación). Keys are handed over and the property is yours.
€0
60%

How this is funded

Cash required during construction
€0
Reservation, second deposit, PPC and the 6 month milestone, plus the uncovered share of Title Deeds — all from your own funds.
Mortgage drawn at Title Deeds
€0
Released by the lender at completion, against the finished property.

Additional Purchase Costs

Taxes and professional fees payable on top of the purchase price

AJD (Stamp Duty)1.2% €0
Notary~0.5% €0
Land Registry~0.4% €0
Lawyer1% + IVA €0
Total additional costs €0
Total estimated including all costs* €0

*Notary and Land Registry fees are regulated and vary slightly with property complexity. Lawyer fees are indicative at the industry-standard 1% plus 21% IVA. IVA (10%) and AJD (1.2%) are already accounted for — IVA within the payment schedule above, AJD shown here. Always confirm exact figures with your lawyer before completing.

Want to understand the buying process in detail?

KIWII Real Estate guides international buyers through the full off-plan purchase journey — from reservation through to Title Deeds, with personalised advice at every stage.

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This calculator illustrates one developer's payment schedule: €10,000 + IVA reservation, €15,000 + IVA two months later, up to 30% at PPC signing (less amounts already paid), 10% six months after PPC, and 60% on completion of Title Deeds. All amounts include 10% IVA. Dates are estimates based on the PPC signing date you provide. Mortgage figures are indicative — lending criteria, LTV limits and drawdown terms vary by lender and applicant. This calculator is for illustrative budgeting only — always confirm exact terms with your developer's contract, lender and lawyer before completing a purchase.