Honest advice on buying off plan in Spain and Bulgaria

Honest advice on buying off plan in Spain and Bulgaria


The Spanish property market is cooling in many areas such as the Costa del Sol so you need to buy sensibly and make sure that you are buying good value properties in areas that have still to see the large capital growth over the coming years. Having just returned from Bulgaria last week, it concerned me just how many people are piling into areas like Sunny Beach which, frankly, look to me massively overdeveloped already. When combined with fairly low build qualities and a fairly downmarket feel, I wonder to whom all these investors (many of whom are buying off plan for the first time) are going to sell to in 18 months or so. This area is going to have a brand new marina and two new golf courses very nearby and traditionally these two factors are excellent for ensuring capital growth and also a healthy supply of end users who want to holiday there in the years to come. This again makes it vitally important to know the financial stability of the developer, if they have only been around for a few months with no track record can you really be sure they will deliver the product you expect?5) Can you sell your contract before completion?Not all developments allow you to do this and obviously of you only find out after buying then you are in for a shock. We often hear of clients who have bought through other agents and then when they come to sell, the contract they signed doesn TMt allow them to do so.ping g25 serie