Cost of housing in Spain
If you have in mind to purchase a property in Marbella or
generally in the south of Spain, you will be well aware of the
increase in prices over the last years.
Generally speaking in this situation, many buyers have decided
to lie down a deposit for a property they like, even though they
may only be in the position to purchase in two or three months
time.
The reasons for this are apparent - it secures the price for you
and in the case of you thinking of purchasing to resell, this
may even enable you to enjoy a huge profit if you sell on before
finalizing payment.
New developments allow you to pay in stages.
The second payment usually is due within 30 days of reserving,
varying from 40-50% of the purchase price. The balance of the
purchase price does not become due until the property has been
completed. If you feel this is your situation, I will be glad to
assist you in choosing the right development according to your
personal time scale.
The price of property rapidly changes in Spain, with Marbella
having seen triple-fold increases over the last few years. The
best way to secure your property is by paying a deposit (against
a bank guarantee).
