Spanish Property

In Spain there is a large selection of both resale and off-plan property. Off plan property is usually put on sale as soon as the building license is given and often at a lower price than it is really worth. Construction then starts and usually takes about 24 months to complete depending on the size of the project. Investors would normally have to pay about 20% of the price of the property in those 24 months and the other 80% would be payable upon completion.
Many of these off-plan projects allow for resale before building completion so you can make a profit without even having to pay the full property price!

Here is a short example:
A 2 bedroom unit at 150,000 euros
During the first 24 monthsyou pay - 30,000 euros (20%)
Recent property increases 12% per year - 36,000 euros (24%)
Although you may have a few costs to sell the unit you can see from the figures that you have doubled your original investment in just 2 years.

Check out some of the main investor areas in Spain. Costa del Sol, Costa Blanca, Costa de la Luz, Costa de Almeria