Originally Posted by goodbyebritain

The builder doesn't know I contacted one of his previous house buyers, the buyers were British, but its all a mute point now as the developer wont sell the plot on its own Now looking for another property, have found one of the same design and style but its on a golf course development and several hundred thousand more expensive! I hate golf!

Originally Posted by goodbyebritain

I am planning on moving to Spain sometime over the next year or two via a Golden Visa application. In my original plan I wanted to buy a cheap run down house that was listed for around 220,000 euros and then spend another several hundred thousand euros plus doing it up, but because of the way Spanish Golden Visa works that's a non starter as I need to spend min 500,000 euros on the property itself as Spain does not recognize the additional value of the building works.

So, long story short,

Found an off plan house (I've never bought off plan before) I really really like just down the coast from Marbella and its over magic 500,000 euros required for the golden visa. I am interested in this property based on the design put forward and the plot location but I would like the builders to make some changes and add an extra room and an underground garage, The plot has all the permissions to build the house to the original 4 bedroom design but the builder has told me he can do the additional works I want without requiring any additional permissions from the planing department in Spain which strikes me as not likely to be true! Can anyone confirm if this is actually true or not?

Also, can anyone tell me what the expected down payment should be?

Also anything else I should look out for or be aware off?

Thanks in advance Steve

Originally Posted by Josh Sherry

Hi,
<snip>
Many thanks,
Josh

Originally Posted by spainrico

I bought off-plan 20 years ago and would never do it again especially with so much property now available.

Originally Posted by Rotor

Many people find its the most easy way to lose their life's savings , more off plan developments seem to go bust than get finished by the original developer , avoid like the plague would be my advice.

Originally Posted by Josh Sherry

Apologies it felt right <snip>

Originally Posted by Josh Sherry

Apologies it felt right to let you know <snip>

Originally Posted by Josh Sherry

Sorry, but I can't see any rule that was broken in that last post. I just gave some of my current experience buying off-plan and what the market is doing.

Originally Posted by Josh Sherry

Sorry, but I can't see any rule that was broken in that last post. I just gave some of my current experience buying off-plan and what the market is doing.

Originally Posted by Rotor

You really are not the sharpest tool in the box are you ? you come on to a forum and start advertising in your first post , you sound desperate which is not a good advert for any business.

Originally Posted by Josh Sherry

Personally, I think when somebody is looking to invest a large amount of money it is important they are given the correct and current advice. It is just as important to know where the advice has come from to determine how accurate it is. Giving a job title to me doesn't advertise the company you work for it's just validating what you are saying.

You can continue to resort to name-calling and pretending you are an admin if that's what you need to do to feel important. I will continue to answer any questions if I feel I have the expertise and knowledge to do so.

Now is a good time to invest off-plan and since 2016 changes in the law have made it safe to do so. However, it is always important to have a good Spanish property lawyer. You will maximize your investment by buying off-plan and the current market means there are limited new developments for the demand. Therefore in order to buy the best plot, you may find you have to buy off-plan, but you will then get a choice of some of the finishes.