BUYING off-plan is when you purchase a property before it is built. This model has several advantages in Spain, like having more time to save and knowing the property is brand new. However, it is not without its difficulties, including having to wait to move into the house and certain associated risks, like the development being cancelled. It is therefore crucial to be fully aware of the implications and details of this type of real estate transaction before taking the plunge. In the last real estate crunch in Spain, between 2009 and 2012, hundreds of complexes were left unfinished and thousands of buyers lost their investments because developers failed to […]
