New builds or off plan properties are great for people who are looking to make a capital return their main priority, to maximise their investment returns or who are interested in buying a property for themselves but are not worried about having use of it in the short term buy 'Off Plan'.

'Off plan' purchases have seen some spectacular returns for hundreds of people over the last couple of years here in Spain.

Buying 'Off Plan' means that you reserve a property on a new development before the property is completed, often before construction has even started. The developers are very keen to sell as many properties as early as possible. To help sell the properties at this early stage the prices are normally extremely competitive, for this reason, at this early stage of development there is nothing to show potential purchasers except a floor plan and artists impressions of the finished development.

Additional benefits of buying off plan means that you can discuss and include variations in the plans at design stage, often for little or no extra cost. Modification made in the design stage always cost a lot less than adaptions and changes made after completion. The allows you to make your property unique and especially designed for you at the lowest cost.

The reason why buying off plan makes such good financial sense lies in the fact that normally you only have to pay approximately 30% of the purchase price as a deposit and then often nothing until completion of the property when the rest can be financed on a 70% mortgage.

For example:
Purchase Price: 100,000 euros
Deposit payable: 30,000 euros

Off Plan Example:
Off plan asking price: €100,000 (December 2003)
Deposit payable: €30,000 

Just before the property is completed in June 2005, you sell it for €130,000.

You've made €30,000 profit in 18 months, a return of 30 per cent on the asking price but a real return on 100 per cent on your initial investment of €30,000.

Buying off plans is prudent investment for those who don't mind waiting before taking possession of their home and those looking for a substantial gain on property purchase.

How is such a high return possible?
The following factors all help increase the value of a development during construction.

1) Lower than 'market' prices offered by the developer initially.

As discussed above, the developer is keen to sell the properties as quickly as possible so prices are normally very competitive.

2) Best properties get sold first.

Normally when a development is released a pattern emerges, i.e. penthouses, corner units and ground floor with private gardens tend to sell first which then in leads to price rises.

3) Show home available/building commences.

As soon as the main structure of the development starts to take shape and/or a show home is opened prices normally increase substantially as prospective purchasers can see much more easily what the finished development and individual homes will look like.

4) More units sold.

As the developer starts to sell more and more properties the original prices will continue to increase which obviously means that if you wish to sell your property it is obviously going to be worth more.

5) Final Completion achieved.

Once the development is finished you will be the owner of a brand new apartment/house in a new development with beautiful gardens and a pool. The person who wants to buy at this stage will be prepared to pay significantly more for somewhere they can move into or rent out immediately rather than when the development was just a plan on a piece of paper and a plot of land.

The reasons listed above explain why prices should normally increase as a development is built. It is not uncommon for a property to be bought and sold again before a brick has been laid and even sold again several times before final completion.

One of the final reasons for the popularity of selling before completion is that there is NO CAPITAL GAINS TAX to be paid at all if you make a profit however big by selling before completion. We deal with numerous new developments on the Coast from the cheapest one bedroom apartment to multi million pound luxury villas and we are able to offer professional friendly advice on all aspects of buying 'Off Plan'.

Newbuilds offplan new builds builders developers developments investments information spain costa calida mazarron puerto Cartagena mar menor la manga La Manga Murcian hillside La Manga Club  famous golf course's complex offers ages Tennis, Golf beach ramp La Manga Club FAMILY Manga custom polaris Polaris World company developing quality Golf Lifestyle resorts completed resorts Mar Menor & La Torre Murcia Region Jack Nicklaus Design guarantees golf courses Polaris resorts hotels, shopping centres, gyms, spas, cafes, restaurants ramp; Polaris World  projects detailed information individual resort Mar Menor Resort" Mar Menor Resort La Torre Resort The Murcia region  coastline, Mediterranean beaches sand Elderly retire retirement disabled retirement villas homes Mar Menor coastal warm swimming fishing, sailing water skiing scuba diving watersports new builds investments off plan cheap deals bargain Legal properties camposol annexes apartments fincas town houses duplexes penthouse investments banks mortgages invest mortgages golf area historical adventure cave dwellings museums towns Lorca, Cartagena Murcia City relaxing holiday golf golf shop towns Murcia Cartagena shopping outdoor market taking place village area largest market Cabo de Palos Spanish Market everything shopping drink local harbour golf company Spanish established family-run business Puerto de Mazarrón Costa Cálida Overseas golf Property Developers developers property markets purchase sell overseas Inmobiliaria best properties available Costa Blanca, Costa Cálida and Costa Almería. purchasing property viewings individual completion offer range new developments large selection re-sales home occupy golf europeans buy spanish property dream people property, property, tourists hotel investment property market spanish property buy live Britons Spain life invest Costa Blanca hottest regions Spain people property property developers property agents offer wide range Property spain costa blanca villas Costa Blanca Villa Costa Blanca villas apartments Costa Blanca property sales foreign resident tourists estimated incredibly foreigners choose Costa Blanca property purchase home abroad Costa Blanca offers visitors residents Spain weather beaches mountains properties spanish property sale villas Costa Blanca buying property Costa Blanca demand Spanish luxury villas Britain countries cold climate people Spanish luxury villa. great offer villas villa sale Costa Blanca looking information destination villas villas popular. Costa Blanca Properties Costa villa sale investment Properties Costa Blanca offer spanish property New builds off plan new builds builders developers developments investments information spain costa calida mazarron puerto cartagena mar menor la manga La Manga Murcia hillside La Manga Club golf complex offers ages including Tennis Golf private beach ramps La Manga La Manga custom polaris Polaris World developing top quality Golf Lifestyle resorts completed villas resorts of Mar Menor La Torre Murcia Region Jack Nicklaus guarantees golf courses Polaris resorts care facilities hotels shopping centres gyms spas cafes restaurants ramp Polaris World  projects information resort Mar Menor Resort Mar Menor Resort La Torre Resort Murcia region  coastline Mediterranean beaches sand crystal Mar Menor lake warm perfect location swimming, fishing, sailing water skiing scuba diving virtually water sports new builds investments off plan cheap deals bargain Legal properties camposol annexes apartments finca's town houses duplexes penthouse investments banks mortgages invest mortgages golf area historical adventure cave dwellings paintings incredible architecture museums towns Lorca, Cartagena Murcia City holiday golf golf prefer shop busy towns Murcia Cartagena shopping center's outdoor market market Cabo de Palos Spanish Market vegetables clothing shopping local harbour golf company Spanish established family-run business based Puerto de Mazarrón Costa Cálida members tailor property viewings individual customer show service customer new developments large selection re-sales home occupy golf europeans especially colder climates buy spanish property property, property, tourists hotel investment property market spanish property buy live invest The Costa Blanca hottest most regions Spain people looking property diversity, property developers and property agents Property Spain costa blanca villas Costa Blanca Villa Costa Blanca villas apartments Costa Blanca property sales foreign resident tourists estimated Costa Blanca property purchase home abroad Costa Blanca offers visitors residents best ranges amenities Spain nice weather beautiful beaches mountains properties popular spanish property sale looking villas Costa Blanca buying property in Costa Blanca Spanish luxury villas Britain countries Spanish luxury villa villas villa sale Costa Blanca looking destination villas villas popular Costa Blanca offers Properties Costa Blanca step villa sale investment Properties Costa Blanca offer find spanish property dreams. villa villas