New Build Property or Off-Plan property has several advantages and disadvantages over re-sale Spanish Property. We look at New Build Property in great depth in our Investment section as many buyers purchase this type of Property in Spain for Investment purposes, see why buy off-plan.
Spain has thousands of New Development property underway at all times. As explained in our Investment section there are excellent opportunities available if you are prepared to buy off plan property (property from an architects plans prior to construction) and wait for your property to be built. This however is not for everyone as many people like to view the property first or simply don’t want to wait up to 2 years for their property to be finished.
It is very important to ensure that you are dealing with reputable developers when buying off plan property in Spain and that your money is secure and safeguarded. There have been incidents when developers and investors have lost their money, however this rarely happens if you show diligence when buying off plan property and make sure you are insured against this kind of event, see investors protection.
If you are prepared to purchase a property from an architects plan prior to construction then there are several advantages available to you (see why buy off-plan).
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