The large real estate developers have come together to launch an initiative that gives oxygen to the family economy of their clients, that is, off-plan home buyers.
Aware of the seriousness of the situation that is arising as a result of the coronavirus crisis, AEDAS Homes, Habitat Inmobiliaria, Metrovacesa, Neinor Homes and Via Celere have jointly agreed to postpone the collection of the next two payments on behalf of customers who so wish.
With this measure, the main promoters seek to contribute to minimizing, as far as possible, the negative economic effects that their clients may be suffering due to the global health crisis caused by Covid-19. “It is an initiative of responsibility and social commitment that seeks to have a positive impact on families,” they explain in a note.
This initiative provides support to those who are in the process of buying a home that is still under construction, since until now, and from the Government, the aid has been directed at families who already have to face a mortgage and they meet a number of factors.
In general terms, when a person decides to buy a house off plan, they must pay around 3,000 euros at the time of booking. Once the developer has obtained a license and is going to start the process of works, the private contract is signed and at that moment the client pays 10% of the value of the house, which is subtracted from the 3,000 euros of the reservation.
The other 10% that the buyer must pay before accessing the mortgage is divided into a payment schedule that is extended during the works process. In this way, a fee is paid month by month until the building is finished and the house is written. After this step you can pay the remaining 80% in cash or sign a mortgage with the bank.