Buying off plan - or at some point during the construction process - is a popular option in Spain as the earlier you buy in, the less expensive your total purchase price will be. However, while many homeowners are satisfied with the final outcome, you should be aware that there is always the risk the developer will run into hard times and the building will not be completed.
Buyers’ Agents, also known as property finders, work exclusively on behalf of property buyers, locating properties that exactly match their specific requirements. In all cases, they e meet clients in advance of the search process, either in person or via a video call, for an in-depth discussion about why they plan to buy in Spain, what they want to find and where. If the client hasn't decided where, a buyers agent will make suggestions that match the buyers criteria and it is often the case that clients buy somewhere they had never heard of until the agent suggested it.
If you want to be far from the madding crowd, you can buy a plot of land and have an individual architect-designed house built to your own design and specifications or to a standard design provided by a builder. However, building a home in Andalucía isn't recommended for the timid.
Since the early 19th century, there has been a noticeable revival to earlier architectural styles throughout Andalucía, including neo-Gothic and, in particular, neomudécar and neo-Islamic. Private villas as well as urbanisations often reflect past Muslim architectural style, including such elements as inner courtyards, arched doorways and windows, fountains and the frequent use of brick instead of stone.
Given the recent increase in foreign property purchases in Andalucia and particularly on the Costa del Sol it is hardly surprising that there is strong demand for mortgages. It seems that Spanish banks have been slow to target this market by appointing specialist mortgage advisors.
Foreign currency issues can have a significant impact on the cost of your purchase. In securing property abroad, purchasers are likely to spend more time searching for the right property via their estate agent and researching the best method of financing their purchase rather than considering the financial implications of transferring money overseas. The transmission of funds for property acquisitions is often done at the last minute. This leaves the buyer exposed to the prevailing exchange rate and can significantly alter the eventual total cost of the property.
Furniture packs are the ultimate solution for busy people who wish to furnish a new property in southern Spain – or completely renovate a home after years of wear and tear.
