Before purchasing a Polaris World we will
provide you with all the information you will need to determine
what sort of a property you would prefer. Polaris World has a
wide range of different properties and we want to do everything
possible to ensure you get the property you are searching for,
whether you’re looking for a “buy to let” property, somewhere to
move permanently, somewhere to enjoy your holidays or a long-term
retirement home. At this first stage our team of estate agents
and staff will do everything to keep you 100% informed on what’s
on offer.
Once you
find a property you desire, you can reserve that
property for 30 days by paying a €3000 (£2,040) deposit,
during this period a contract will be drawn up between
Polaris World and the client. If during the 30 day
period you decide that you don’t wish to purchase the
property your money will be reimbursed.
After the 30 day period you will be required to pay 25%
of the
properties total price, minus your deposit
Nine months later a
further 15% will be due.
The outstanding 60% is due on your properties completion.
That is about 12 to 18 months after the start of
construction (this depends on what phase of the over-all
resort construction your property is located in). For
each payment stage the normal VAT of 7% is added to the
property price. All payments are guaranteed by major
Spanish banks.
We at
Polaris World obviously support our clients completely
throughout the whole process. Even with public deeds we
will help you completely by managing your NIE entirely,
translators can also be provided, as well as we
transport you to the Notary office in order to sign your
property deed just before the final payments (should you
so desire). You can always contact our professional
English speaking Polaris Customer Service team, who are
all more than qualified to answer any questions you
might have.
Polaris World terms offer investment flexibility
allowing you to sell on any time after your initial 25% deposit and
before completion (potentially avoiding capital gains tax)
Low euro mortgage rates around 3.8% suggest 14
weeks rental at current market prices should be sufficient to
provide positive cashflow after maintenance costs and capital
repayments on a typical purchase.
Staged payments are available. Property can be
reserved for just €3000 followed by 25% after 30 days, 15% after 9
months then the balance of 60% on completion.
For
availability, prices and more information by email
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