Legal and Financial Issues
Spanish law now requires developers to provide bank guarantees
to protect the investor’s money from day one, whilst mortgages (of
between 60% and 70%) are available, subject to status, on every
off-plan unit, enabling the purchaser to complete if he/she chooses
to do so. Euro mortgage rates are currently around 3.4% (Feb 2004).
Our Spanish lawyers will deal with all aspects of purchasing and
selling your property, whilst remaining in regular and direct contact
with us. We will forward-purchase Euros to protect you from currency
fluctuations and remit your funds to meet each stage payment.
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