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.

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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.

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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.

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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.

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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.

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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.

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Short vs. long term leases in Spain: what you need to know before signing the contract

When signing a lease contract in Spain make sure to do your research not just on the basics, such as the state of the property, the average price in the area and so on, but also on the small print of Spanish contract law so you know exactly what you are signing and what your rights are if any problems arise during the duration of the contract.

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Renting out your property in Spain

Whether you purchased a property in Spain as an investment and always intended to rent it out or have just simply decided you don’t spend enough time there and could use some extra income, in this guide you will find some basic information all Spanish landlords need to know before renting out their home.

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Selling a home in Spain

If you are planning on selling your property in Spain, know that the process might differ from that of your home country. The good news is though that careful preparation and smart decisions can help everything run smoothly. We have prepared a small need-to-know guide for you.

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What you need to know before buying a home in Spain

Buying a new home can be a very daunting idea, especially when doing so in a foreign country whose language you might not speak. We have good news for you though – the process is not as complicated as you might think, especially if you plan each step well in advance and calculate enough budget to cover all expenses with extra left over for any unexpected surprises.

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