The Spanish property market is flat! That is why smart and savvy investors are taking a long view. In two years’ time, recovery is likely to have occurred. Buy off plan now. Full Guarantees, low deposits. At handover of keys in two years’ time, pay the balance or use a bank loan on an appreciating asset.
Example:
2 Bed/2Bath Apartment:
|
Deposit
|
€3,000
|
|
In One Month 10%
|
€12,950
|
|
In Another Year 10%
|
€12,950
|
|
Balance at handover of keys
|
€100,600 (bank loans available)
|
|
Total Cash Price |
€129,500 (Incl. VAT) - £89,310
|
|
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