Investment Property Spain Off Plan

What is the advantage of buying “off plan” property in Spain?

This method of purchasing can have many advantages to you. Most important is the fact that you will be able to lock your price at a lower price than for the equivalent completed property. You will normally have a wider choice of units to choose from rather than just having to accept a one off option.

The standard of the new Spanish properties are also a great attraction to many people and these open many interesting possibilities for the buyer. A very important aspect of buying a new property in Spain 'off plan' is that it will come with a 10 year Building Warranty. This helps give peace of mind to the buyer and was only introduced just over 2 years ago.

What if I decide I do not want to keep the property in Spain?

In many cases if you decide that you do not wish to go on to complete the final purchase of the property in Spain, you may be allowed to sell it on before completion. This however is not possible unless you have reached the Private Purchase Contract stage yourself. Many people have realised excellent returns on their money invested by executing this option.

How do I know what is a good investment?

The simple answer is that you will not know until you have realised a return on your investment. The best plan is to deal with a company like Spanish Property Direct who closely scrutinise every new offering to see if it fits our strict criteria. If it does not fit we will advise you of this and explain why. It is important for us that you buy the right property investment not just any investment, as our reputation is at stake.

Be aware that there are companies who will suggest a certain offering as a prime investment property purely to ensure that they get a sale. If we can´t offer you solid reasons in favour of a particular investment vehicle then we would not expect you to make a purchase.