SPAIN - Buying a new-build home

11.03.2023

The worst property scams in Spain, as elsewhere, involve unfinished or unbuilt properties. While malicious intent is rare, caution is advisable when buying a property that does not yet exist. At a minimum, you should:

  • Check the company exists and ensure the project is registered with the land registry.
  • Check that planning permission has been granted by enquiring at the local city hall.
  • Not sign a contract you don't understand.
  • Enlist an independent party for any translations.
  • Demand proof that any sums paid (e.g., a deposit) are being held or spent appropriately.
  • Get proof that you'll get a refund of your money if the property is not built.

As a non-resident, you may also buy land and have a property built yourself. In this case, good legal advice is even more important as you will need to ensure that contracts with builders are appropriate and watertight.

Font: https://www.expatica.com/es/housing/buying/spain-property-103805/