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Things to keep in mind when buying off plan properties in Spain

Now that the new build construction has resurfaced in Spain, one of the formulas that also returns and with which we can lower the price of our new home, is the purchase of off plan. In this article we give you advice so that nothing fails.

The latest data on housing indicates that new housing is back, especially in the coastal and tourist areas of the Mediterranean Coast. The increase in visas in construction, and even the increase in the average price of new housing signifies a new time for this sector, after a few forgotten years.

Now that you are going to find these types of promotions again, if you are thinking about buying a home, it is good to have a few tips.

Collect information about the builder and his career.

Who is the builder,who is selling you the house? Have they had problems in the past? It is advisable to know if they have experience in the sector, review data on its solvency or to find out if it is the owner of the land on which it is going to build the houses.

Make sure you understand all the clauses of the contract of sale.

You should read carefully the private contract you are signing. Look at all the clauses it contains and try to ask or get advice on everything you do not understand. The contract is not usually carried before a notary until the delivery of keys.

Get your copy of the plans.

It will be your way of demonstrating any change or breach of the builder's work. You can request them at the time of signing the contract of sale.

Are the price and date correct?

Remember that the documentation provided by the builder must include the final price of the property, including VAT, as well as the date on which the keys will be delivered.

Always pay through your bank.

The current legislation obliges the developer to have a current account that can only be used for building expenses. In this account is where you must make the payment by bank transfer, so that it is adequately registrated.

Ask for an endorsement to the promotion and an individual one.

You must demand that a general guarantee be created for all the promotion that guarantees all the amounts contributed by the owners. In addition, you should demand an individual guarantee guaranteed by an insurer or a bank. In this way you will be entitled to compensation if something happens that will allow you to recover the money contributed.

Golf Sun Spanish Properties offers you new build property for sale in Lomas de Cabo Roig.

In Golf Sun Spanish Properties from the first contact, we offer a quality service taking care of at all times of the client throughout the process of purchase and after sale. Our real estate agent specializes in new construction housing in Orihuela Costa, Costa Blanca and Costa Calida. In our online catalogue you can find both key ready and off plan homes.

Get in touch with us today. You can call us by phone, write us an email, fill out the web form or visit us at our offices in La Regia.

Call us on 0034 965 322 863 or email us

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