The acquisition of real estate abroad has become very popular in recent years. Many of our compatriots choose a particular country with a vacation spot, and therefore prefer to buy housing there so as not to rent apartments or cottages constantly. Moreover, housing prices in other countries are not much higher, and sometimes even lower than in our country. Real estate in Spain, for example, belongs to the same price category as real estate in our open spaces. Villas and cottages on popular resorts on the sea coast itself will be more expensive, but houses and apartments within the city are distinguished by democratic prices. Let’s look at what procedure for buying housing under construction in Spain.
The peculiarity of the acquisition of housing under construction anywhere – this is, first of all, the benefit of both the client and the developer himself. Bail or full cost of housing is provided even at the construction process or even design of the house. Thus, the developer receives funds for the not yet built house, and thus can invest them in the construction. And the client, investing money in a future apartment, receives a significant discount, the full cost will be paid before, the more profitable the purchase will be. Spain is no exception, the real estate under construction is sold here on the same conditions.
However, there are a lot of advantages. For example, a mortgage loan for the purchase of an apartment in a house under construction is issued to both citizens of the country and citizens of other states. Moreover, the payment of a mortgage loan can begin only at the moment when the construction process is completed. When buying this kind of real estate, the so -called reservation contract is concluded. At the same time, a foreigner who wants to purchase an apartment in a house under construction must pay for the services of a notary public, which concludes this contract-contract. After the reservation and payment of a certain pledge, foreign citizens are given a term of up to two months for full payment of the purchased real estate or a loan issuance.