Grupo Artagon, Your Spanish Properties direct from the builder
Buying new property anywhere, before or during construction and then reselling it as it nears completion, has nearly always been a good investment. There are always more buyers who will pay extra for a finished or nearly-finished property than for a property ‘off plan' or a green field site with a completion date of 1-3 years. Nowhere is this truer than on the coasts.
Experienced investors are first in the queue to inspect the plans of new developments, as they appear, to reserve the best units for a minimal deposit and usually to re-sell them at large profits, even long before building commences.
To begin with, you can start the process by reserving a property with an initial payment of 20-30% whilst, as construction continues, the resale value increases. By now most of, if not all, the new properties in the development will probably have been sold and you can re-sell your option to buy at a profit at any time.
Grupo Artagon Offer superb Off Plan Spanish Property Bargain, an example would be quality a 2 bedroom, 1 bathroom apartment in a good location from 102,200€ + Tax, see more information here . To secure a contract on such a property, you would pay 27% - 27,600€. The delivery date on this would probably be 2009. Assuming a conservative figure of 10% annual capital increase, the apartment would then be worth 135000€ an increase of 33,000€ . Up to this point, you will have paid only 27,600€ giving a pre-expenses profit over 3 years of 122%
The great advantage of this type of investment is that it is safe . All the money that you pay initially is protected by a bank guarantee. This means that, whilst you may or may not make the predicted profit, you cannot lose the money which you invested
See all Off Plan Spanish Property in our main site.
