Quote:
Originally Posted by rowlandsbb
If you buy in 2008 a 2 bed at Polaris World Condado de Alhama off plan for 119.800€ [ @1.24 £96,612]- the price of a good caravan in UK- which will be ready in say late 2009 early 2010 and then say enyoy using it for a few years say until 2014 then decide to trade up......you will I' m sure have a very attractive unit on a well developed Resort with 3 golf courses built and all other facilities
And you will look back to 2008 and reflect......what a good buy it was
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To a certain extent - Could be - BUT as long as you're 100% sure it will get built (Polaris is an example where you could reasonably expect to get it)
BUT there are already stories of folk buying property against plans and the builders have filed for bankruptcy or simply just done a bunk and they're now stuck with NO CASH - NO WAY TO RECOVER IT - AND AN UNINHABITABLE HOME. This is not the first time it's happened in Spain.
Right now - I'd be wary of ANYTHING that is not finished & legalised.
And NEVER USE THE BUILDERS LAWYER - ALWAYS USE A NOTARIO