New, used, or pre-construction properties?

Among the possibility of buying properties, there are mainly the following:

• Second-hand properties.
• New properties or properties that were completed less than six months ago.
• Pre-construction properties, under construction, or new developments.

Second-hand properties

They are properties that have already been transferred previously, in which someone has already lived, and their current owner wants to sell it. The prices of these properties are set according to the market, that is, the amount of supply and demand. Your real estate advisor has access to the listings of these properties by prices, characteristics, and areas.

New construction properties

New construction properties are usually understood to be those that have not been previously transferred or that were transferred but in which no one has ever lived. The prices of these properties are usually not negotiable. The price usually varies according to the surrounding market.

Properties in pre-construction or new construction

In recent years, the promotion and construction of real estate have been reactivated. These projects start to sell even when the first earthmoving has not yet started. Generally, the longer it takes to finish construction, the better the purchase price. If you can wait, you could find good investment opportunities in this pre-construction market if you are not in a hurry. Ask your real estate agent about these new constructions.

Lars Polegato

Lars is a real estate agent in the city of Santa Cruz de Tenerife, with years of work experience in the sector, where LPC Collective has developed commercial strategies to promote the purchase and sale of properties.