Philip Nott, Director of Project Management, Surveys and Inspections and a member of The Chartered Institute of Builders, has been looking after a varied range of projects for over 35 years on the Costa del Sol, UK, Europe, Africa, Middle East and Asia, seeing projects through from feasibility to completion.

Demand for property will continue to be high on the Costa del Sol, provided you take professional advice in selecting your ideal location and with a design layout to suit your preference; the building of a property is going to be a safe investment. To build a 300m² Villa comprising of three bedrooms, three bathrooms, terrace areas, private pool and a basement, will cost approximately 450.000 Euros.

This is an all inclusive price, which includes contracting of a project manager, an Architect, right through to handing over the keys without any hidden extra costs. Of course you have to add the cost of the plot purchase to this figure. Therefore, the total build cost will be approximately 850.000 Euros for a 3000m² plot with a 300m² Villa.

If you consider that TurnKey Projects of the same dimensions direct from the Developer are costing anything from 1,250.000 Euros and upwards, you have saved yourself at the very least 400.000 Euros. It makes perfect economic sense.

Another valid and encouraging point to mention is that it is perfectly realistic to borrow up to 70% of the purchase price of the plot and up too 100% of the construction costs, all subject to the normal lending criteria.