100% profit within 24 months, zero
capital gains liability. An investment opportunity in the
fastest growing property market in Europe.
'off plan' property in Spain can benefit you in three
ways. First, it is entirely possible to achieve returns in
excess of 100% of your initial investment within 24 months.
Second, your profit can legally be free of capital gains
tax. Third, holding on to the property for a longer term
means you can benefit from the fastest growing property market
in Europe (and have a great holiday destination while your
investment is appreciating).
developer of a building project is always keen to sell as
many properties as early as possible to improve cash flow,
minimize development loans from banks and give the project
some forward momentum. In order to sell before construction
has started, the developer sells 'off plan' at extremely
competitive prices because investors only have plans, computer
simulations and a plot to view at this stage.
from the fact that the developer will be selling at less
than current market value to attract investors, the real
key when buying 'off plan' is that you usually only have
to pay 35% of the purchase price as a deposit. Thereafter,
no further payments are required until the project is completed,
at which point it can be financed with a 65% mortgage or
plan property in Spain
an example, lets say that the current purchase price for
an apartment is €100,000 and that
the project is scheduled for completion in 24 months. Initially
you'll pay a 35% deposit of €35,000. The project proceeds
according to schedule and you sell the 'almost' completed
apartment for €135,000. You pay the developer the balance
owed of €65,000 and pocket €70,000 - a 100% return
on your initial investment of €35,000 in 24 months.
And because you sold before the project was completed, you
have zero liability for capital gains tax.
is a conservative estimate of the potential gains available.
With property prices increasing annually at a steady 25%
in Spain, imagine the possibilities if you also 'buy low'
in such a market. Additionally, many purchasers finance the
35% deposit by remortgaging their UK property and so are
able to achieve higher than average capital returns, with
zero tax liability, and no cash liquidity.
property in Spain
with numerous new developments along the coast and in inland
Andalucia. We act as sales agents for a number of respected
and high profile developers and offer professional, friendly
advice on all aspects of buying 'off plan'. Please select
any of the 'off plan' developments featured here, email us
for more information or call us at one of the phone numbers
below. We specialise in promoting the best off plan investment
opportunities to help you maximise the return on your investment.
Contact us for further information.