Off-plan means buying a property before construction is completed — based on the developer’s plans and project documentation. The main advantage is a lower entry price and a flexible payment structure; the main risks are construction delays and developer insolvency.
Payments are made in stages: a reservation fee, then 20–30% upon signing the private purchase contract, and the remaining balance on completion. This means you do not need to pay the full amount upfront. Off-plan property values typically increase by 5–30% during construction, making it an attractive investment. Spanish law protects the buyer through a bank guarantee or insurance — if the developer fails to complete the project, you must be refunded. It is essential to verify the developer’s track record, the building licence, and penalty clauses set out in the contract.
Book a free consultation — we help assess the specific development and verify the developer before you decide.