Estepona
Considering a New Build
The buyer’s core assumption was that the property would naturally appreciate during the construction phase.
However, when we reviewed the broader supply pipeline, we uncovered a significant structural risk. Within a five-kilometre radius, six additional developments were approved, representing more than 1,200 new apartments scheduled for completion within the same timeframe.
Furthermore, new build units were commanding a massive premium over established resales, meaning a large portion of these properties would likely hit the resale market simultaneously, placing intense downward pressure on pricing.
Rather than allowing the client to proceed automatically with the reservation and crystallise the developer’s premium, we advised them to withdraw entirely and monitor the market.
We protected their capital from being locked into an asset with a high probability of short-term depreciation.
Twelve months later, our pipeline analysis was validated when several similar apartments in the area began reselling close to, or below, their original purchase prices.
“In some situations, the most valuable advice a property adviser can give is recommending not to proceed.”
If your situation resembles one of the cases above, it’s worth reviewing before committing. No obligation. Just clarity.
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