6 Reasons to Buy Off-Plan Property in Marbella Now

Did you know that the Spanish property market is booming? According to a recent report from the Spanish Official College of Property Registrars, a 14% increase in property sales was recorded in the first quarter of 2017. What’s more, land prices are also increasing, especially in major areas such as Marbella on the Costa del Sol.

Investors from all over the world flock to Marbella and its surrounding areas, offering beautiful surroundings, great weather and a glamorous lifestyle.

Here are 6 reasons why buying real estate early can be a better investment decision.

1. Large selection

The earlier you decide to buy a property , the more choice there is of available apartments. Whether you prefer relaxing by the pool or having a sea view, a garden or a penthouse, then you can reserve a property that exactly matches your criteria.

2. Minimum prices

The early bird catches the worm. Phase one properties will be most attractively priced for a number of reasons. From a developer’s perspective, the motivation is to sell a certain number of units to secure construction finance from the banks. With this in mind, a lower initial price for the property will encourage sales, benefiting you as a buyer. Prices for phases two and three can be significantly higher as sales volumes increase and the desirability of the development increases among potential buyers.

3. Installment plan

Once you have paid the initial reservation fee and deposit, you can split the amount into regular payments and pay them at different stages of construction. Moreover, many developers can give bonuses, including lower interest rates on mortgage repayments and other tempting discounts.

4. Decorate the interior to your taste

Purchasing a property off-plan allows you to have a say in the interior and sometimes even the layout of the apartment or villa. With the ability to add your own personal touch to your future holiday home, you can customise the exterior to make it look just like you dreamed.

5. Developer's guarantees

Not only will you be the first person to own your home when it’s completed, but with a new property there shouldn’t be any maintenance issues to worry about for several years. Spanish developers also offer ‘hook-up’ guarantees, meaning that once a hold-up agreement has been agreed and signed (ideally before completion) they will come and sort out any issues with the property without delay.

6. Rent increase

New Spanish properties are the easiest to sell and rent out. Everything is sparkling clean, attractively decorated and unused, with no wear and tear, and is increasingly sought after by guests and long-term tenants.