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jasonhasmail
Site Admin
Joined: 26 Jul 2007
Posts: 12
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 Posted: Wed Aug 08, 2007 9:20 am Post subject: BUYING OFF PLAN PROPERTY IN SPAIN "THE RIGHT WAY" |
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HI DON
WHAT IS THE BEST WAY TO BUY OFF PLAN?
WWW.THEGUIDETOSPAIN.COM
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DON
Joined: 08 Aug 2007
Posts: 1
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| Posted: Wed Aug 08, 2007 10:08 am Post subject: OFF PLAN ADVICE |
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Purchasing “off-plan” investment property in the right areas of Spain can be extremely profitable, especially if you purchase in the early stages and resell before completion once the prices have risen.
Off-plan investment property in Spain is sold by the developer via agents such as Andalucian Dream Homes [/url]and released in phases throughout the construction. Most property developments have a construction time of 12-24 months, buying early on guarantees you a fixed price. Release prices are generally very attractive due to the fact you will have construction around you once your property is complete and to encourage early sales. The longer the construction the higher the growth and the longer you have to make payments.
When purchasing off-plan investment property most developers allow you to sell out of the contract after paying approximately 25%, this allowing investors to observe the market and sell-on at the right time to maximise profit.
In Spain you do not pay capital gains tax if you sell before completion. Therefore the longer an investor leaves it and makes extra payments the higher the profit will be.
Many investors purchase several off plan Spanish properties and use the capital gains to subsidise the deposits for others, never completing on any.
Hope that helps.
Don
www.theguidetospain.com
http://www.andaluciandreamhomes.com/Others/Video.htm
_________________
"DON" OFF PLAN ADVICE www.theguidetospain.com
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jasonhasmail
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Joined: 26 Jul 2007
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