Property in Murcia - New and Off Plan property - Advantages and Disadvantages
NEW OFF PLAN PROPERTY IN MURCIA
Advantages
A reserve fee of 3,000 to 6,000 Euros (approximately £2000 - £4,000) fixes the price that will be paid for the property – no matter how far in advance the completion date is.
New-build property in Spain is covered by a statutory 10-year builder's guarantee.
Being new, no maintenance, upgrading, or repair work is required.
Payment by instalments allows time to sell UK property or otherwise raise capital, although it is always advisable to have your finances in order before purchasing.
Modifications to suit personal tastes and requirements may be incorporated.
Many new properties have low-maintenance finishes.
Properties bought “off plan” may increase in price before completion, so can be an excellent investment.
Disadvantages
Waiting time – the property is not available now. Dependant on status of property when purchased, this may be several months though opportunities occasionally occur for purchase at a later stage or even, occasionally, after completion.
Unless the property is part of the final phase some building work may continue in the vicinity.
There could be delays or problems with the building (this is alleviated by using a reputable agent who knows the area
Direct2Spain will only recommend reputable builders and is not influenced by the offer of higher commissions)
PROPERTY FOR SALE IN SPAIN – We offer an enormous variety of property in Spain in the property hot spot of Murcia. Spanish property sales are still a very high proportion of the overseas property market due to Spain’s excellent climate and it being just a 2 hour flight away. Holiday Lettings Spain
POLARIS WORLD – As winners of the Polaris World Golden partner award, we offer an unrivalled service for Polaris World Golf property. PolarisWorld are building 7 golf resorts in Murcia with 9 golf courses designed by golf legend Jack Nicklaus and with a variety of property for sale.