There are two types of purchases:

• Lifetime lease
• Full ownership

However, you can also start with a lifetime lease and at a later date, change to full ownership.

All prices are in Euros.

Please contact us for apartment availability and a full financial proposal.

• VALUE: Value of the property
• DEPOSIT: Returnable amount
• FEE: None returnable amount
• LEASE: None returnable monthly fee

LIFETIME FREQUENTLY ASKED QUESTIONS

Q. What happens if I wish to move out or I die?

A. We will return the deposit to you or your next of kin, upon the entrance of a new resident.

Q. Can the monthly lease be increased?

A. Only by the cost of living, inflation, and never above 3 %

Q. What happens if I decide later to change my contract from lifetime lease to full ownership?

A. The amount to be paid to finalise the full purchase would be the original value, plus legal fees and taxes, less the already paid deposit and fee. I.E on a €65,000 apartment.

The resort takes a €9,750 returnable deposit and a €9,750 euros fee. You can carry on paying monthly lease for as long as you wish. However, if at a later date, you wish to turn the lease into a full ownership, then, you would pay €52,000.

Which works out as follows: €65,000 (value of property) + €6,500 (tax and legal costs) – €9,750 (deposit) – €9,750 (fee) = €52,000.

• VALUE: Price of Property
• VAT: Spanish tax on properties
• OTHERS: Solicitors, deeds, etc.
• TOTAL: Total amount paid for property

FULL OWNERSHIP FREQUENTLY ASKED QUESTIONS

Q. Can a person under 50 buy an apartment?

A. Yes. But cannot use it.

Q. Can an apartment be resold?

A. Yes it can.

Q. Can it be rented?

A. Yes it can. However, our intention is to create communities and we would like to have as many permanent residents as possible.

Q. What happens to the apartment if I die?

A. It will be passed on according to your will. If the new owner is under 50 years of age, we could lease, sell or rent the property for them .

The community fees are as follows:

• For apartment with one resident: €250 per month.
• For apartment with two residents €350 per month
• For apartment with three or more residents: Add €100 per person

Price are reviewed every two years and will be adjusted according to inflation but will never increase above 3 percent.