What do I have to take into account when buying off-plan properties
Even the official data do not show the return of new building properties to our real estate park. Only the increase in construction visas can give a glimpse of this trend, and perhaps some cranes or land raids.
You should try to find out who sells you the house. It is advisable to know if you have experience in the sector, data on your solvency or find out if you are the owner of the land on which you are going to build the houses.
You should read carefully the private contract you are signing. It may sound obvious, but many people do not. You should check all the clauses well and ask all that you do not understand. Assesate externally if necessary. He thinks that the contract is not usually carried before a notary until the delivery of keys.
It is convenient that you request the plans of the housing to the promoter at the moment of the signing of the contract. This way you will have a way to demonstrate any unilateral changes in the same ones that are made.
The documents provided by the developer must include the final price of the apartment, including VAT, as well as the date on which the keys will be delivered.
Current legislation requires the developer to open an account that can only be used for building costs. It is to this account where the income must be made by bank transfer, so that it is adequate registration.
You must demand that a general guarantee be created for all the promotion that guarantees all the amounts contributed by the owners. In addition, you should demand an individual guarantee guaranteed by an insurer or a bank. In this way you will be entitled to compensation if something happens that will allow you to recover the money contributed.
If you are looking for new construction properties in Orihuela Costa, in locations like Punta Prima, Campoamor, Cabo Roig, Mil Palmeras or Pilar de la Horadada, take a look at our property catalog.
Barceló Real Estate is part of the Barceló Group, a firm with more than 20 years of experience in the real estate sector. Get in contact with us. You can call us by phone, send us an email, fill out the form on our website, or stop by our offices in Ciudad Quesada.