I purchased off-plan property during the Spanish financial crisis and never got my dream home: What can I do?

The appeal of buying an off-plan property in Spain is understandable: it’s a great way to invest your money. Not only do you pay less for a home that you normally would, but you also usually get a say in some of the construction and design aspects. There are a large number of both positives and negatives involved in the off-plan buying process that can be hard to navigate, so here are our Top 3 pieces of advice as well as a few pros and cons to have in mind.

Share
September Newsletter

August is usually the busiest month for tourism, but this year is shaping up to be a quiet month for the Costa del Sol... Click to read this months newsletter.

Share
Buying an off-plan property in Spain: the small print

The appeal of buying an off-plan property in Spain is understandable: it’s a great way to invest your money. Not only do you pay less for a home that you normally would, but you also usually get a say in some of the construction and design aspects. There are a large number of both positives and negatives involved in the off-plan buying process that can be hard to navigate, so here are our Top 3 pieces of advice as well as a few pros and cons to have in mind.

Share
Buying an off-plan property in Spain: the contract

The process of buying a new-build or off-plan property in Spain differs substantially from buying a resale home, especially when it comes to signing the contracts, so today we are bringing you a brief summary of each step.

Share
Buying an off-plan property in Spain

Until recently, buying an off-plan property was a great way to secure a bargain but also something to be very cautious about. However, times have changed. These days buyers of off-plan properties benefit from much more legal protection and, as long as all necessary due diligence is carried out, the process is usually a smooth ride.

Share
Off-plan vs. Re-sale properties in Spain

For some property investors, investing in a new-build can seem like a risky investment. However, thanks to recent updates in Spanish consumer law, if you choose the right Developer the risk involved is minuscule and you will be rewarded with a brand new home at a very affordable price. Does an off-plan home not appeal to you? Some people will take the route of purchasing a resale property, which also has its risks but means they can view the home in person before coming to a decision, as opposed to a show house or digital plans given to them by a Developer.

Share
August Newsletter

August is usually the busiest month for tourism, but this year is shaping up to be a quiet month for the Costa del Sol... Click to read this months newsletter.

Share
What’s the latest from the Spanish government regarding the long-awaited TIE card?

Some of you may know that ever since Brexit was announced, there has been talk of a credit-card sized green residencia card called a TIE being introduced to replace the NIE that expats need to have when living in Spain. Earlier this month, the Spanish government finally announced its availability. As of 4th July 2020, UK expats living in Spain can now apply for a TIE card, although please know this is not mandatory.

Share
Abusive mortgage clauses in Spain: you can now claim back other expenses in addition to the amount overpaid

European justice declares the right to claim back abusive mortage clause claim expenses. This judgement overrules a Spanish Supreme court decision from 2015 that declared that legal expenses would be split 50/50 between banks and customers.

Share
Getting a mortgage in Spain

Have you finally decided to take the leap and buy your dream home in Spain? If you are lucky enough to be a cash buyer then congratulations! However, some people will need to take out a mortgage to pay for the property. Good news: Spain is a great place to do so as this wonderful country offers great deals for new home owners to finance their property.

Share