|Holiday Rentals in Spain Off Plan Property in Spain Property in Costa del Sol Property in Costa Blanca Property in Costa Calida Property in Costa de la Luz Property in Costa Almeria oppSpain About Us Contact Us Custom Inspection Trips Initial Steps Finding the Right Property Financial & Fiscal Legal Matters Buying To Let Buying A Holiday Home Buying To Retire Investment Property Off Plan vs. Resale Renting vs. Buying Spain Property Dictionary Property Buyers Guide||
Off Plan Property in Spain
What is an Off Plan Property?
An Off Plan Property will go through several steps until completion...
2. Selling off plan (pre-construction): Once the land is purchased and paperwork arranged, developers begin selling rights to the properties before their actual construction. The developers offer these ‘off plan’ properties to buyers at discounted rates because selling pre-construction helps with the project’s financing and guarantees a certain number of units will be sold upon completion.
3. Stage 2 off plan : Once a certain number of discounted units have been reserved pre-construction (banks often require this), building starts. Properties continue to be sold during construction, but at higher prices than the units sold pre-construction. The developer continues to increase prices at various phases of construction until they ultimately meet the real market value once construction comes to an end, at which point the remaining unsold properties are no longer marketed as off plan properties but as regular new homes.
In today’s post-boom environment, the volume of off plan and completed properties on the market greatly exceeds demand. This has led many developers to offer exceptional deals on Spanish homes in order to sell off their properties and avoid falling into bankruptcy - a situation current buyers can benefit from enormously
As specialists in new developments and off-plan properties in Spain, oppSpain offers a unique service by providing access to a select portfolio of properties, all of which have been handpicked by our market specialists to bring you only the best deals available today in Spanish off plan property.