Buying New Developments or Off Plan as it is commonly referred to is a great way to purchase new Apartments, Villas or Townhouses in Gran Canaria, regardless if it is been built on a Golf Course, overlooking the Atlantic Ocean or even a town centre / village property.

Purchasing off plan or buying new developments can show significant capital growth between when you purchase and when your property is ready for final occupation.

The reasons for this is that you will find New Development prices are increased as the development becomes more complete, to buy early off plan you need a bit of vision as you will generally find that when it is first released you can general see nothing other than the plans and artists impression and the land where it is going to be constructed, that is why the first release prices are always very attractive.

NEW DEVELOPMENT AND OFF PLAN FOR SALE

At GoldAcre Estates our consultants are always able to offer advice as to which new developments have just been released for sale in Gran Canaria  or those that are due for imminent release as we work very closely with the constructors and developers in advising the type of property our clients are interested in purchasing.

Buying off plan or new developments is very safe as all developers by law must provide Bank Guarantees to protect any deposit monies that you may be required to pay whilst the development or property is being constructed.

Payment terms when buying new developments are generally very attractive too, as a rule of thumb you may only be required to invest on average 30% of the total purchase price of the property whilst it is being constructed, with the balance of the purchase price being payable by either mortgage or cash when the property is completed and you are ready to take title.

Buying new developments and selling before completion is also a great form of investment as if you are purchasing at the first price release you are benefiting  from the price increases during the construction period, please speak to our sales consultants to show you a working model on how this works.

GoldAcre Estates are available to offer some of the very best of New Developments and off pan purchases from throughout the whole of Gran Canaria.

For further information or advice contact GoldAcre Estates on info@goldacreestatesgrancanaria.com or simply request your FREE guide to buying and selling property in the Canary Islands.