Off plan in Spain - an investment and second home on the Costa del Sol
Talks about the advantages of investing in "off plan" properties on the Costa del Sol in Spain. Explains what "off plan" investments are, their benefits, and describes the development of the Polish community in the region.
What will you learn from the episode?
Investing in real estate in Spain, especially on the Costa del Sol, is an increasingly popular option among Poles. In this episode, we will talk about the benefits of buying property off plan. You'll learn why Poles choose apartments in Spain while they're still under construction, how to gain up to 30% of the value before construction is completed, and what additional amenities modern primary market investments offer.
This episode is also about that:
- What the process of investing in an off plan and paying in installments looks like
- How to choose the perfect location and type of apartment
- Why investing in Spain is a great option for short- and long-term rentals.
If you are planning to buy property in Spain or want to learn more about investment opportunities on the Costa del Sol, this episode is for you!
Text version
Buying property in Spain, especially on the Costa del Sol, is becoming increasingly popular among Poles. One of the most popular types of investment is "off plan" - that is, buying a property at the project stage. In this article, we'll take a closer look at what this type of investment entails, its benefits and how the Polish community on the Costa del Sol is developing.
What is an "off plan" investment?
"Off plan" investment means buying a property at the design or early construction stage, before the building is completed. Then we have a large selection of apartments and the best prices. This form of purchase gives the investor the opportunity to choose the apartment, its location, floor, as well as the layout of the rooms. As a result, when the construction is finished, the property is turnkey, that is, fully finished - including finished floors, windows, doors, kitchen and bathrooms. All that remains is to furnish the interior according to your own preferences.
Financial benefits of investing in real estate "off plan"
One of the most important reasons investors choose "off plan" properties in Spain is the savings and potential increase in value. Buying a property at the beginning of construction means a lower price compared to finished apartments. The value of such properties increases during construction - often by as much as 30%. Customers initially pay 30% of the property's value when signing the preliminary contract, and the rest only when receiving the keys. As a result, at the time of finalizing the transaction, investors gain up to 100% over the amount initially invested, which makes this form of investment extremely attractive.
Modern infrastructure - convenience and luxury all year round
"Off plan" developments on the Costa del Sol are not only apartments, but also access to modern infrastructure. Many of the projects include indoor swimming pools, gyms, padel courts and exclusive beach clubs, available exclusively to residents. These are places that allow year-round recreation in luxurious surroundings. Investors can use these amenities themselves or put the apartments up for tourist rentals, which are in great demand among visitors to the Costa del Sol.
Rental property - an attractive option for investors
The Costa del Sol has topped the rankings of the world's most popular vacation destinations for years, making the region an ideal location for short-term rental investments. Many investors choose to rent out their properties, especially since demand for luxury apartments in the area is high year-round. For others, buying an "off plan" property is an investment in a second home - a place to escape to to enjoy the sunny climate and abundant recreational activities.
A growing Polish community on the Costa del Sol
The Costa del Sol is attracting more and more Poles, who are choosing not only to invest, but also to settle permanently. In recent years, the Polish community has become one of the fastest growing groups of foreigners in the region. Polish stores, rentals and service outlets are springing up, and community gatherings are being organized, such as the annual Great Orchestra of Christmas Aid. Marbella and the surrounding towns offer Polish investors not only beautiful views and excellent infrastructure, but also a sense of community, which more and more people are seeking abroad.
Summary
Investing "off plan" on the Costa del Sol is an excellent way to secure capital, profitably invest savings and have the opportunity to live in one of Spain's most beautiful regions. Favorable purchase conditions, high rate of return and modern infrastructure make this type of investment increasingly popular. The Costa del Sol, with its growing Polish community, offers ideal conditions for living and investing, which is attracting a growing number of compatriots. Our If you dream of your own place in sunny Spain, an "off plan" investment could be the step that provides you with your dream place to live or a stable investment for years to come.
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