Of course, many people aren’t investing in the short term, they’re buying off plan so they can get the holiday home they want at a low price.
One major advantage of buying off plan is that you can have a say about details such as the layout, plot location, orientation to the sun and design, which would be out of your hands in a resale property.
As the very first owner of the property, you are able to make decisions on what type of extras and fittings you desire, and some developers allow buyers a choice in the actual building design, as long as it fits within the floor space.
Another advantage, if you’re keeping your Spanish home for your own use, is that, Spain has consumer protection laws governing properties and, as the owner of a brand-new home, you’ll enjoy the maximum period of protection - including a 10 year building guarantee against serious structural defects and bank guarantees on all deposit monies paid. Villas in Spain insist on these guarantees for your peace of mind.
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