Low deposit achieving capital growth over circa 4 year period.
The current pricing is very competitive as the developer realises that purchasers have to have vision in order to appreciate the scale and future value of the urbanisation and are coming in at an early stage in the project when not every last detail has been finalised.
This development is at pre off plan stage which means the developer still awaits his final licence for planning permission which is expected around the end of April 2008.
Payment terms are also very attractive with just a reservation fee due initially followed by a 20% deposit payable in circa 18 months when the final building licence is obtained. We will expect sharp increases in prices as the percentage of properties sold increases.
In our opinion there is nothing else available on the Spanish market as an investment vehicle that can compare with this project.
Payment Plan
This is where another huge benefit comes in for investors. To reserve your property you will need to pay a refundable £3,000 reservation fee to hold the property. Once licenses are in place circa 18 months you will be asked to commit and sign a contract and pay a 20% deposit. No more funds will be required until completion, which is due in two and a half years. Mortgages will be available subject to valuation and status.
