{"id":4453,"date":"2017-11-21T14:57:07","date_gmt":"2017-11-21T14:57:07","guid":{"rendered":"https:\/\/vbbabogados.com\/?p=1385"},"modified":"2021-03-17T08:47:25","modified_gmt":"2021-03-17T08:47:25","slug":"purchase-of-housing-in-construction","status":"publish","type":"post","link":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/","title":{"rendered":"Purchase of housing in construction"},"content":{"rendered":"<p>In Spain when facing the sale of properties that are\u00a0under construction it is important\u00a0for the buyer\u00a0to\u00a0know the guarantees that the law establishes for cases\u00a0of paralysation\u00a0of works or when the construction does not reach completion, even for the case in which works do not even start, situations that occurred during the last real estate crisis.<\/p>\n<p>When signing the contract of sale, the buyer delivers a part of the price (payment on account), whose return\u00a0<u>must be guaranteed<\/u>\u00a0in the case that the construction does not start or is not completed.\u00a0This guarantee must\u00a0be a\u00a0<u>bank guarantee or<\/u>\u00a0an\u00a0<u>insurance.<\/u><\/p>\n<p>This is what the current regulations establish: Law 38\/1999 on Building Regulation dated November 5 (additional provision 1) provides that the payment of advance amounts by the buyer to the developers of the building\u00a0will be covered by insurance to compensate the breach of contract.\u00a0Law 57\/1968, of July 27, guarantees to buyers of future homes the return of the amounts that had been anticipated, whether the construction had not started or if it had not come to a good end, the guarantee can be provided by means of endorsement, as per insurance contract.<\/p>\n<p>These obligations are imperative for the seller-developer, as well as an\u00a0<u>inalienable right for<\/u>\u00a0<u>the buyer<\/u>. In addition, in the delivery of amounts must be required proof that the amount has been deposited in a\u00a0<u>special bank account<\/u>\u00a0that can only be used for the construction of the project in question.<\/p>\n<p>Other relevant aspects that must be taken into account when buying a house in construction or floor plan are the following:<\/p>\n<ul>\n<li><u>Information about the seller<\/u>: Check that the developer is the owner of the lot on which the house will be built;that the developer has the building license of the City Council;\u00a0and check that the promoter company is registered in the Mercantile Registry, the data of its managers and administrators, registered office and CIF.<\/li>\n<li>Request the<u>plans of the future home<\/u>, exact location within the promotion,\u00a0the usable area and the\u00a0<u>memory of<\/u>\u00a0<u>qualities<\/u>\u00a0that should detail the materials used.<\/li>\n<li>The contract must specify the<u>final price of the home<\/u>, specifying whether it includes 10% VAT that is levied on the first transmissions or if it must be added.<\/li>\n<li>The contract must also include the<u>form of payment and term of delivery<\/u>\u00a0of the home.\u00a0Normally, a quota system is established before\u00a0handing over the keys (usually 20% of the total price is advanced and the rest is delivered to the signature of the public deed of purchase).<\/li>\n<li>It must also be anticipated what occurs with the reservation if the buyer decides not to buy the house or what happens if the delivery of the house is delayed, if we are entitled to some type of\u00a0<u>compensation<\/u>, or what rights we have if the house finally does not arrive to be built.<\/li>\n<li>Contracts may include the possibility of introducing modifications to the dwelling, which depending on its entity or importance must be agreed with the future owner.<\/li>\n<\/ul>\n<p>At the end of the work and before handing over the keys, it must be verified that the house is in the agreed conditions and carefully check the finishes of the property and that everything complies with the agreed-upon quality report, as well as ensuring that the home has a first occupation license, which must be delivered to the buyer.<\/p>\n<p>Finally, it is important to carefully analyse any private documents that are signed, making sure that the contracts do not contain abusive clauses that could harm the buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Spain when facing the sale of properties that are\u00a0under construction it is important\u00a0for the buyer\u00a0to\u00a0know the guarantees that the law establishes for cases\u00a0of paralysation\u00a0of works or when the construction does not reach completion, even for the case in which works do not even start, situations that occurred during the last real estate crisis. When&#8230;<\/p>\n","protected":false},"author":3,"featured_media":1386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-4453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Purchase of housing in construction - Boltas Boy&eacute; Abogados&reg;<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Purchase of housing in construction - Boltas Boy&eacute; Abogados&reg;\" \/>\n<meta property=\"og:description\" content=\"In Spain when facing the sale of properties that are\u00a0under construction it is important\u00a0for the buyer\u00a0to\u00a0know the guarantees that the law establishes for cases\u00a0of paralysation\u00a0of works or when the construction does not reach completion, even for the case in which works do not even start, situations that occurred during the last real estate crisis. When...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/\" \/>\n<meta property=\"og:site_name\" content=\"Boltas Boy&eacute; Abogados&reg;\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-21T14:57:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-17T08:47:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vbbabogados.com\/wp-content\/uploads\/2017\/11\/comprar-sobre-plano-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"VBB Abogados\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"VBB Abogados\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Purchase of housing in construction - Boltas Boy&eacute; Abogados&reg;","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/","og_locale":"en_US","og_type":"article","og_title":"Purchase of housing in construction - Boltas Boy&eacute; Abogados&reg;","og_description":"In Spain when facing the sale of properties that are\u00a0under construction it is important\u00a0for the buyer\u00a0to\u00a0know the guarantees that the law establishes for cases\u00a0of paralysation\u00a0of works or when the construction does not reach completion, even for the case in which works do not even start, situations that occurred during the last real estate crisis. When...","og_url":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/","og_site_name":"Boltas Boy&eacute; Abogados&reg;","article_published_time":"2017-11-21T14:57:07+00:00","article_modified_time":"2021-03-17T08:47:25+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/vbbabogados.com\/wp-content\/uploads\/2017\/11\/comprar-sobre-plano-1.jpg","type":"image\/jpeg"}],"author":"VBB Abogados","twitter_card":"summary_large_image","twitter_misc":{"Written by":"VBB Abogados","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/#article","isPartOf":{"@id":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/"},"author":{"name":"VBB Abogados","@id":"https:\/\/vbbabogados.com\/#\/schema\/person\/e757432e691b5bb0b26730f7a079f576"},"headline":"Purchase of housing in construction","datePublished":"2017-11-21T14:57:07+00:00","dateModified":"2021-03-17T08:47:25+00:00","mainEntityOfPage":{"@id":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/"},"wordCount":592,"commentCount":0,"image":{"@id":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/#primaryimage"},"thumbnailUrl":"https:\/\/vbbabogados.com\/wp-content\/uploads\/2017\/11\/comprar-sobre-plano-1.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/","url":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/","name":"Purchase of housing in construction - Boltas Boy&eacute; Abogados&reg;","isPartOf":{"@id":"https:\/\/vbbabogados.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/#primaryimage"},"image":{"@id":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/#primaryimage"},"thumbnailUrl":"https:\/\/vbbabogados.com\/wp-content\/uploads\/2017\/11\/comprar-sobre-plano-1.jpg","datePublished":"2017-11-21T14:57:07+00:00","dateModified":"2021-03-17T08:47:25+00:00","author":{"@id":"https:\/\/vbbabogados.com\/#\/schema\/person\/e757432e691b5bb0b26730f7a079f576"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vbbabogados.com\/en\/blog\/purchase-of-housing-in-construction\/#primaryimage","url":"https:\/\/vbbabogados.com\/wp-content\/uploads\/2017\/11\/comprar-sobre-plano-1.jpg","contentUrl":"https:\/\/vbbabogados.com\/wp-content\/uploads\/2017\/11\/comprar-sobre-plano-1.jpg","width":800,"height":450,"caption":"Comprar-sobre-plano"},{"@type":"WebSite","@id":"https:\/\/vbbabogados.com\/#website","url":"https:\/\/vbbabogados.com\/","name":"Boltas Boy&eacute; Abogados&reg;","description":"Firma de Abogados en Barcelona","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vbbabogados.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/vbbabogados.com\/#\/schema\/person\/e757432e691b5bb0b26730f7a079f576","name":"VBB Abogados","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vbbabogados.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2bbf7ea69851134276f180d774eba5be8f0858c37cbc55b26e8841ba0428a0db?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2bbf7ea69851134276f180d774eba5be8f0858c37cbc55b26e8841ba0428a0db?s=96&d=mm&r=g","caption":"VBB Abogados"},"url":"https:\/\/vbbabogados.com\/en\/blog\/author\/vbb-abogados\/"}]}},"_links":{"self":[{"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/posts\/4453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/comments?post=4453"}],"version-history":[{"count":1,"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/posts\/4453\/revisions"}],"predecessor-version":[{"id":4541,"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/posts\/4453\/revisions\/4541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/media\/1386"}],"wp:attachment":[{"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/media?parent=4453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/categories?post=4453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vbbabogados.com\/en\/wp-json\/wp\/v2\/tags?post=4453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}