Off-Plan Investments First Page | Second Page | Third Page
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Investment Guarantees
There are two areas you should be certain about before investing in the opportunities detailed here. They are:
1. The security of your investment
2. The ‘sell-ability’ of your property
Your investment is, as already mentioned, fully safeguarded by the bank’s guarantees. These guarantees are presented to the lawyers by the developer before your equity is released.
As mentioned earlier, Essential Estates only works with well respected and competent legal firms in Spain, all of which offer great customer service in your language.
Our suggested lawyers perform the land search and registration and also the title deed search and registration on your property.
It is important to realize that your lawyer will be your representative, and not the representative of the developers or the promoters. If you have any questions regarding the legal side of these investment opportunities, we’ll be happy to refer you to one of our trusted legal partners for further information and advice.
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Spanish Property Demand
With regard to sufficient demand for their properties, the question serious investors are asking is:
“Will the Spanish property market remain at its current levels, providing sufficient demand to ensure that I can realize an above average return on my investment? ”
All the independent indicators would argue in favor of this happening. Spain's real estate stability and growth has been well recorded by Governmental and European agencies and current forecasts indicate continuity through at least 2007. Over two million European citizens are forecasted to seek property in southern Spain in the next five years.
A stable real estate market coupled with already built- in advantages such as excellent weather, improved infrastructure, and easy accessibility through improved International Airports all assist the potential investor in making an easy decision.
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Additional Costs
The buying price of your property attracts a charge of 8% (7% Spanish IVA (VAT) and 1% Stamp Duty).
Legal costs which cover land registry search and registration fees, title deed search and registration fees, as well as notary fees and stamp duty amount to approximately 2% of the purchase price of your property.
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Reserving Property
When you invest in Spain, you will be moving into a growing, buoyant, modern European property market, with your total investment fully secured by comprehensive bank guarantees.
Many shrewd investors have already realized that there is currently no other investment opportunity on the market that offers this kind of combined security and potential return.
This is probably the reason why the best opportunities in these developments are usually snapped up early on in the lifecycle of the development. It also proves that the sooner you make an investment decision, the more profitable it may be.
Essential Estates’ identifies the very best off-plan investment opportunities for our clients. These developments include top quality build specifications and are optimally located to benefit from either sea or mountain views or are golf course fronting. Our job is quite simple: to provide you with a proven opportunity, at the right time, and which promises you a well above average return on your equity.
In order to reserve a property or properties in a particular development, you should contact an Essential Estates Property Consultant today on +34 952 76 85 33 or send us an enquiry.
We’ll find the best available units in quality developments that suit your investment budget. A typical reservation fee is €3,000 – €6,000 which is paid directly to the developer. This ensures that your property is taken off the market and reserved in your name.
Normally within 30 days, private purchase contracts are exchanged. At this stage your legal representatives will be required to hand over your first installment of funds, usually anything from 15% to 30% of the purchase price, minus the reservation fee amount already made.
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Opportunities
Please contact us today so that an Essential Estates Property Consultant or one of our Directors can assist you with further information on several exceptional developments. We also urge you to visit southern Spain and let an Essential Estates Property Consultant show you these opportunities in person.
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