How do you select new constructions for investments?
We analyze the market, the development prospects of the area, the reputation of the developer, and the profitability forecast. This allows us to select properties with high potential.
What is the minimum investment amount in a new property?
On average, to purchase a property under construction in Spain, it takes between 150,000 and 200,000 euros, but the exact amount depends on the region and the property class. In popular tourist areas, prices are higher, but sometimes you can find properties with attractive payment terms and a low down payment.
What is the return on investment in new properties in Spain?
The return depends on the location, demand, and overall economic situation. In the medium term, with a good choice of property, one can expect a 10-20% increase by the time the property is delivered, plus potential rental income.
Is it necessary for foreigners to obtain permission to buy property in Spain?
No special permission is required, but it is necessary to obtain an NIE (foreigner identification number) and comply with local tax regulations.
Is it possible to resell a new property before it is completed?
Yes, it is possible if the contract allows the transfer of rights.
How can you ensure that the construction is proceeding as planned and according to the project?
We recommend periodic visits to the site or requesting photo and video materials. Additionally, our lawyer checks for any issues with permits and ensures compliance with regulations.
What additional expenses, besides the purchase, will I have to cover?
Usually, you need to consider taxes, notary and registration fees, as well as the services of a lawyer and, if necessary, a translator. We provide a complete list of expenses in advance.
What should I do if I find hidden defects after the purchase?
The new building usually comes with a guarantee from the developer. We draw up a handover act where all the shortcomings are noted. The developer is obliged to fix them at their own expense within the time frame set by law.
Will there be a price increase during construction?
The price of the property may rise as the construction progresses, which is often an advantage for investors. However, the price of your contract is fixed at the time of purchase, which allows you to earn by the time of delivery.