The point is that your money does not go directly to the developer, but to bank, which plays the role of guarantor. Accordingly, the seller will not disappear with your savings, leaving the building unfinished.
It is important to know: in Spain is not in honor of the “gray key”, the buyer receives at his disposal housing with finishing, and our firm will always provide you with decorations and furniture from cooperating companies with discounts for our customers. The price of the property also includes all necessary appliances.
Our company recently visited a new project from developers who have been on the market for many years in the city of Alicante.
Buying an apartment now for 200000€-230000€ in 1 year it will go up in price by 50000€ minimum.
The apartments are not in one of the central districts of the city, 5-7 min to the tourist center and 15 min walk to the beach.
Very convenient and in payment: the first reserve you make a payment of 10% and the second payment of 10% split within 4 months. And on the deal at the notary at the purchase is paid the remaining 80%. That is, you do not need to have now the entire amount in hand, you can transfer it to an account in Spain gradually, while the house is being built.
The house is scheduled to be completed by January 2024.