Apartment Price

There are two different ways that you can pay for your apartment. As the property is a lease you will be unable to raise a mortgage to pay for it.

The Cost of the apartment is 154,500 euros made up of the administration fee of 15,000 euros which is non returnable and 139,500 euros which is fully returnable when you leave.

Firstly, you will need to pay the 15,000 euros administration fee up front. This is non-refundable should you decide to leave Villamartin Hills and will cover all fees for notaries etc.

You then pay the 139,500 euros into a bank account in your name with a specified bank. As the site is built, the money will be transferred to the Villamartin Hills S.L account. The banks valuer with the projects architect would produce monthly certificates and would oversee this process. So for example when 10% of the apartment has been built, then 10% of the money will transfer over to Villamartin Hills S.L account and so on.

Alternatively, you can pay 15,000 euros administration as above, followed by 4 equal payments, the first one a month after the admin fee of 34,875 euros followed by two further payments of the same amount during construction. Then there will be a final payment once construction is completed and you have recieved your keys of 34,875 euros.

If you wish to have an underground garage there is an additional charge of 9,000 euros.