Reply To: Buying off-plan in Orihuela costa

#218637

Barrel
Participant

On paper it seems a good idea buying off-plan.  You pay a holding deposit, make the stage payments and a year or so later when completed, your property has already increased in value.  Unfortunately, a lot can happen in that year and in the past people have been caught out when the bubble bursts due to developers being too greedy.  Always safer to buy in an established area but if you decide to buy off-plan at least ensure a bank guarantee is in place and you use a completely independent lawyer – not one recommended by the promoter or estate agent.