1. Price

It's a fact, a property bought from plan is less expensive, as it normally means reserving a property on a new development even before the works have started, making a decision based only on a floor plan or an artist impression, and perhaps a show room. At this stage, developers need to sell quick to minimize the risk, and/or to obtain enough funds to cover for building and other costs. This means that you can buy a comparable property, for as much as 30% less than what you would pay for something which is already constructed.

2. Capital Growth

As in the saving on the purchase price of your off plan property, you are also in a position to watch your investment grow through the construction process. This is to say that during the build period certain elements, such as price increases by the developer, availability and the construction of a show home, will all add value to the original price, and therefore leave you in the position of owning a property which is more valuable than the price originally paid.

Off-plan purchases have seen some spectacular returns for hundreds of people over the last couple of years here in the Costa del Sol and other areas of Spain. At the current rate of increase in the prices of off-plan property in the area (more than 15% yearly), you are able to double your investment (deposit + first instalments) if you sell after 24 months. However, this is only possible with those developments with a good payment structure, and of course, that comply with all the regulations. If you don't chose correctly, and the developer decides to cancel the development after three years (there are many people in this situation!) the developer will want to return your funds plus a low interest of 4% (of the money handled, not the agreed price of the property).

At Aldea Homes we help you identify the best investments. Contact us if you need a recommendation!

3. It's a new Property!

When you buy off-plan you are getting a brand new property. You will be the first to live in the property, with all of the advantages of having everything brand new!

4. Quality of the Building

Utilizing the most modern techniques and materials available, all new constructions will ensure that the buyer receives a strong and safe property which will endure the elements.

5. Ten Year Guarantee

Upon the completion and handover of a new property, the buyer will be in receipt of a written guarantee, which covers the construction of the property for a 10 year period.

6. Freedom of Choice

When choosing your property from plan you will have the luxury of choosing between the styles of apartment, the floor you wish to be on, minor changes you may wish to make to the layout, and of course the views you prefer.