The normal practice in Spain for a property developer to proceed is as follows;
First he will produce the plans and then agree finance with a bank. Bank support will depend on “Pre-Sales”. The developer will then set up his sales office on the land and declare his development to the general public.
The public will at this point begin reserving their apartments from the plan and pay to the developer, a reserve figure which is usually a small sum – say Euros 6,000.00.
At this moment the prospective buyer will be advised that his contract will be ready to sign at a time determined by the developer. This may be 4 weeks from the reserve date for example.
Once the agreed time has passed the prospective buyer will pay to the Developer the balance of his deposit – normally bringing him up to a figure of 20% of the total purchase price.
The buyer will now be required to pay a fixed sum either monthly or quarterly for the remainder of the construction period – say 24 monthly payments of Euros 1250.00.
This means the buyer will have paid in this example a total of Euros 60,000 by the time the keys are ready to be handed over. This represents 40% on an apartment costing Euros 150,000.00
Because the developer is tied in with a bank, a 60% mortgage is guaranteed and our buyer simply continues to make his monthly mortgage payment to the bank,
Pet Mobile – Bringing Comfort To Your Pets
Pet Mobile is the online store where you can find all the pet food, accessories and services that you need for your pets.
Cheshire Airport Services
Airport Transfers for the UK, We have Executive People carriers and provide an Outstanding Service, kingston cabs taxi numbers is also very welcome. All Credit and Debit Cards accepted. 24 Hour Godalming cab 365 Days a year.
Affordable, Reliable, Transportation service based in the Bay Area of California.
Watford airport taxis Unit D3A, 477 – 479 Whippendell Road, Watford WD18 7PU
Flying Hire is a Stansted based taxi and chauffeur company with their taxi head office within 5 mls of Stansted Airport.