Frequently Asked Questions
Payment structure for new property:
A deposit of 3000 euro will be required
to secure a
reservation on a property.
After 30 days 25% of the balance will be paid.
After 60 days, another 25% of the balance will be
paid.The outstanding balance will be paid on completion,
when you have inspected your property.
Payment structure for re-sales:
A deposit of 10% of the property price will
be
required to secure a reservation on a re-sale
property. The balance will usually be paid one or
two months later when you sign the deeds for your
property.
What additional cost can I expect to
pay when buying a property in Spain?
property in Spain. We suggest you add 10% to the
price of your property to cover 7% IVA (tax) and 3%
for notary fees, legal costs, the equivalent of stamp
duty and the connection of water and electricity.
What if prices increase before I get toSpain?
Our prices are updated on a regular
basis. However,
to avoid large price increases, we suggest that as
soon as you have decided to buy a property in Spain,
you arrange an inspection trip where you will be in
the right place at the right time to secure a price on
your chosen property.
Could I buy my property cheaper
elsewhere?
We guarantees that none of the new
properties
you see with us can be bought cheaper elsewhere.
Your rep will show you a wide range of the
best value property available in the area, and use
their knowledge and experience to find the best
property for you.
Will I receive a guarantee with my
property?
Yes, all new build properties include a
10-year
structural guarantee. With re-sales, it depends how
old the property is, for example, if the property is
only two years old, there would be 8 years left of
its structural guarantee, which would be transferred
to you.
Why should I buy from a developer as
opposed to an agent?
Although property agents may sell
certain properties
that we sells, there are many advantages to
buying direct from a developer:
- Gama has its own exclusive
developments that
are competitively priced owing to the fact that
large agents conducting group inspection trips
cannot sell Gama properties.
- Communication is efficient between the
builder
and the client as the middleman is cut out.
As Gama is a developer, its staff has a
great
deal of knowledge about the building business
in general and can therefore communicate
effectively with other developers and
establish
a good rapport.
- With considerable insight into architecture,
planning permission, legal requirements
and general build quality, Gama can vet the
developers for whom it promotes successfully.
Can I obtain more information on resales
or new developments not included
in this brochure?
You can obtain updates on new releases,
re-sales
and fincas on our website. You will also find
information on the properties included in this
brochure. Any further information can be obtained
on your informative inspection trip, where you will
be advised on our latest releases, availability and
prices.
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