Buying property in Spain and in particular the Costa del Sol is still a wise investment choice, as long as you have the right professional team behind you and advising you on the best course of action. Despite the world economic climate that we have all experienced and lived through, if a ready buyer has cash in their pocket, the simple fact of the matter is that they are king, and only then do the "mythical" bargains actually start to exist. Also, if a prospective buyer definition of bargain is of a realistic making, and taking into account the surrounds, location, amenities and so forth, then yes there are good property deals to be had.
However, it is essential and absolutely necessary that people, who want to buy in Spain, must seek professional advice and not to be swayed by fantastic prices and good salesman talk. Amongst the deluge of available property from existing villas, to new apartments, and even too plots of land, there are property gems everywhere, but finding them is what takes the time.
Buying and Plot of Land First things first, insist the seller shows you a copy of the Escritura (Title Deeds). This Notarised document will describe the land and its boundaries. Be aware as this is most important simply because if the owner's name is on the Escritura it does not necessarily mean that they own the land. Every time a property is bought and sold a new Escritura is created and it is very important before entering into any agreement to purchase land, to ensure it is free from fines, charges or other encumbrances. For a very small fee you can obtain on-line details of any embargo's mortgages etc, listed against the land in question.
Second, visit the local Town Hall and ask to see the general plan (P.G.O.U) and enquire if the land in question is categorized as building land, urban or rustic and is not classified Restricted or Protected?
Thirdly, seek professional advice and guidance as every country is different, so why take this risk of spending hundreds of thousands of Euros buying a plot of land, when you can pay a small fee to be 100% certain.
Architect and the Professional Team Choose your architect carefully and ensure he works for you. Often architects are retained by builders, either in house or independently so for your own security it is very important that your architect has your interests and your interests only in mind. The builder should follow the architect's plans and directions to the letter. The architect is one of the key people to be involved in your project, they should be available to discuss every detail of your plan, several meetings may be necessary before the project is finalised and the plans produced. Language can sometimes prove to be a problem; if your architect can speak your language this is a great advantage.
A Project Manager / Coordinator controls all the key aspects of the project whilst ensuring that you, the Client have had all your key objectives met that you put forward right from the beginning of the project. Dealing with the local authorities, the architect and at the same time ensuring the budget is kept on track and the build quality is inline with the specification is all part of the Project Management role.
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