Fuerteventura Estate Agents

Fuerteventura Estate Agents

When buying a property from Fuerteventura Estate Agents, which is either still in the planning stage or under construction, you will be asked to pay 30% to 40% of the purchase price prior to the completion of the property or taking title. This is usually done in three or four stages over a period of three to six months depending upon the individual developers payment terms.

Buying off plan with New Developments in fuerteventura is a good investment as the property will usually increase in value as the building progresses, therefore a greater return on capital employed can often be realised earlier than when buying re-sale of contract properties or straightforward re-sale properties. However, nothing is guaranteed, and those investing in this type of venture in the Canary Islands in Spain with a view to selling on the contract to make a quicker profit, need to be sure they are in a position to tie up their capital outlay for at least a two to three year period, during which time market or economic forces could dictate supply and demand and market price, affecting timing of sales, mark-up and profit margins. If you are buying off plan Canary Islands Real Estate for investment, it is important to buy very early on in the planning stage of the development to ensure the greatest return on capital employed. The developer will raise the price of a property at specific stages during the build, depending on the valuation dictated by the mortgage holding bank and to a lesser degree, demand for the product.

Fuerteventura, because of it’s vast popularity increase for tourists over the last 10 years, now offers the investor and long term home buyer alike a great many new developments of high quality and sound growth potential. New developments such as Las Fuentes, Las Americas and Oasis Tamarindo , are flourishing in and around Corralejo, and other developments still to be completed, including Pueblo Canario, Las Americas II, Oasis Tamarindo II, Playa Paraiso (in the south of Jandia Peninsular) and Marina Golf (in Calete de Fuste) are all enjoying huge interest from Europe as people flock to buy homes abroad in Spain and the Canary Islands.