Buying in the face of Brexit – Fuster & Associates provides essential advice for second home buyers
- New Fuster Standard provides assurance over legality of property sales
- Buyers snapping up properties during Brexit transition period
- High-quality homes and high-quality legal advice key to happy purchases
The certainty brought about by the Conservatives’ majority election win in December has given many British home buyers and investors the confidence to proceed with purchasing a new property. This has stimulated the market both at home and abroad. Spain is already feeling the impact, with sales to British buyers surging by 125% over the course of December 2019 and January 2020, according to Taylor Wimpey España.
However, expert Spanish property lawyers Fuster & Associates report that many buyers are still seeking advice on what to focus on when buying in the face of Brexit, indicating that there is more potential to unlock when it comes to the Spanish market.
“There’s no doubt that the resolution of the Brexit uncertainty and the UK’s subsequent departure from the EU has kick-started the British appetite for property overseas once more. We’re seen that here in Spain and it’s been mirrored in a number of other European holiday destinations. Many questions still remain though, with those buying during the transition period keen to do so in a manner that will protect their long-term interests.”
David Fuster, Founding Partner, Fuster & Associates
Fuster & Associates advises focusing keenly on both quality properties and quality lawyers, to ensure that all bases are covered. In order to help buyers do this in Spain, the company has launched the Fuster Standard. This new ‘Qualified Approval Process’ sets industry benchmarks for quality, assurance and reliability within the Spanish property market. Buyers can rest assured that a Fuster Standard property meets all the legal requirements for sale, so that they can buy the home in question with the confidence that there will be no unexpected issues during the purchase process.
The Fuster Standard is available for all new housing developments in the Costa Blanca and Costa Cálida that meet all relevant legal requirements. The company’s property team inspect the credentials of each property, ensuring that all the paperwork is in good legal order, before approving it as meeting the Fuster Standard.
This seal of approval benefits those selling the property as well as those buying it. It gives buyers the confidence to move forward with the purchase process, thus benefitting both the agent selling the home and the buyer.
“The Spanish property market has performed strongly in recent years. In 2020, we expect to see plenty of interest from British buyers looking to snap up homes before the Brexit transition period ends. Those buying properties that have achieved the Fuster Standard can rest easy in the knowledge that they will not be thrown any legal curve balls during the purchase process.”
David Fuster, Founding Partner, Fuster & Associates
For more information please contact Fuster & Associates on +34 965 271 505 or visit www.fuster-associates.com