I’m not in a position to fully fund the purchase of a property yet and the price of Spanish properties seems to be rising quickly. What can I do?
Properties on new developments that have not been completed can be reserved by paying a deposit, which fixes the price. You will have to make a second, larger payment about a month afterwards, which can be up to 50% of the agreed price but no further payment is necessary until the property has been completed. Many property investors sell their interest in the property to a third party before it is ready for occupation at a considerably higher price than they originally negotiated.
