Buying off-plan homes in Marbella
Marbella is not just a glamorous tourist destination on the Mediterranean. Its popularity and enviable lifestyle and climate have also made it a very popular place to live year-round, retire and own a private holiday home ever since the international jet-set first settled here in the 1950s.
For this reason the area is home to a vibrant property market and a fine collection of some of the most beautiful villas and most exclusive country clubs and residential areas in Europe. These also include a choice of prime frontline beach villas and penthouses on the Golden Mile and other top locations, as well as golf urbanisations in Nueva Andalucía’s Golf Valley.
The result is a top-notch selection of resale homes for sale in Marbella, but many of today’s buyers are also very keen on new-built modern homes featuring the latest architectural styles, building qualities and high-tech luxuries such as full home automation systems that allow you to manage climate control, security, lighting and home entertainment systems with the touch of a button.
Off-plan buying in Marbella
Since competition for new homes is quite keen it is often not a good idea to wait until the project is fully completed, as you’ll normally find none are left for sale by then. Some homeowners will put their new properties up for sale, but this comes at a premium price and means you will have lost out on any discounts (and built-in capital accumulation) that buying in the early stages provides.
Another advantage of buying early is that you will have the chance to personalise your home to a far greater extent – not just in terms of décor but in many cases you will, now more than ever, also have the chance to choose the kitchen layout you wish, as well as the detailing and materials used across the home, not to mention home automation and extra features such as Jacuzzis specific to your wishes. This can be off-standard and therefore incur an extra cost, but it saves you having to make changes to an existing home and adds to its value and enjoyment.
How does it work?
Modern legislation ensures that buying off-plan is safe and secure in Marbella. The authorities and banks require today’s developers to retain large reserve funds, own the land outright and have full legal insurance coverage before they receive loans and planning permission. This has made off-plan buying highly attractive, as you pay an initial deposit, followed by staged payments and a final completion sum upon delivery of the property. For many it is a convenient way of buying a modern home, investment or holiday property.
AMREIN FISCHER has a prime selection of the finest new villas and apartments for sale in Marbella and surroundings, both off-plan and completed. Please contact us for more information.