'Key Ready' properties are properties that have been finished by the builder or developer and are ready to be sold, but have not yet been purchased. They might be on the first phase of the building programme or the last phase, although in general they are more likely to be on the last phase(s) of the development.

 The main advantages of buying a 'Key Ready' property

• What you see is what you get. The property physically exists.
• You can have the property surveyed, the appliances (if any) tested, you can see the views, and get a real feel for the property itself, the immediate area, and see how the property 'fits' into its surroundings.
• It may be that the sale price is attractive as the builder or developer seeks to complete the site and move on to the next development or stage of development.
• The builder will give you a guarantee on the quality of the building and you will have recourse to have corrected faults if there are any (called ‘SNAGS’). This guarantee continues usually for some years after the property has been built.

 The main disadvantages of buying a 'Key Ready' property

• Other properties on the same 'phase' as this 'Key Ready' property that are exactly the same might have been sold at a lower cost.
• The builder or developer, or another builder or developer might build something in front of or behind your property that they might not make you aware of (but this is also true with most other properties as builders continue to develop popular areas). This is why you MUST appoint GOOD English speaking, LOCAL Spanish lawyer who knows the builder, the local area and can research what is being built and being planned to be built around the property.