{"id":6004,"date":"2023-04-18T21:23:02","date_gmt":"2023-04-18T19:23:02","guid":{"rendered":"https:\/\/vbbabogados.com\/?p=6004"},"modified":"2023-04-18T21:26:05","modified_gmt":"2023-04-18T19:26:05","slug":"the-risks-of-buying-properties-under-construction-or-off-plan-in-spain","status":"publish","type":"post","link":"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/","title":{"rendered":"The risks of buying properties under construction or off-plan in Spain"},"content":{"rendered":"<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>At BB Abogados, we understand that buying properties under construction or off-plan in Spain can be an attractive opportunity to invest in real estate. However, this option also carries its risks. In this article, we will explore the potential issues that may arise in the process and how you, as a buyer, can protect yourself from them with the help of our law firm.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Informaci\u00f3n detallada<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f4de325cbfe\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f4de325cbfe\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Lack_of_guarantees_and_financial_risk\" >Lack of guarantees and financial risk<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Banks_and_insurers_in_construction_financing\" >Banks and insurers in construction financing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Legal_protection_in_cases_of_insolvency\" >Legal protection in cases of insolvency<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Delays_in_property_delivery\" >Delays in property delivery<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Economic_consequences_of_delays\" >Economic consequences of delays<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Legal_claims_for_breach_of_deadlines\" >Legal claims for breach of deadlines<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Changes_in_the_project_and_deviations_in_quality\" >Changes in the project and deviations in quality<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Modifications_to_the_design_or_materials\" >Modifications to the design or materials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Legal_protection_against_unauthorized_changes\" >Legal protection against unauthorized changes<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Issues_with_licenses_and_permits\" >Issues with licenses and permits<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Importance_of_verifying_documentation\" >Importance of verifying documentation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Consequences_of_lack_of_permits\" >Consequences of lack of permits<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Potential_issues_with_the_community_of_property_owners\" >Potential issues with the community of property owners<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Disagreements_in_the_administration_of_the_community\" >Disagreements in the administration of the community<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Measures_to_prevent_conflicts\" >Measures to prevent conflicts<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Legal_advice_and_support_in_the_purchase_of_properties_under_construction\" >Legal advice and support in the purchase of properties under construction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#The_importance_of_having_a_specialized_lawyer\" >The importance of having a specialized lawyer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/vbbabogados.com\/en\/blog\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/#Practical_tips_for_a_safe_purchase_provided_by_our_team_of_experts\" >Practical tips for a safe purchase, provided by our team of experts<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Lack_of_guarantees_and_financial_risk\"><\/span>Lack of guarantees and financial risk<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Banks_and_insurers_in_construction_financing\"><\/span>Banks and insurers in construction financing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>When purchasing a property under construction or off-plan, you may have to make advance payments before the construction is complete. These payments can be risky if the construction company fails to fulfill its obligations. To minimize this risk, it is important to verify that the construction company has agreements with banks and insurers that guarantee the refund of advance payments in case of non-compliance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Legal_protection_in_cases_of_insolvency\"><\/span>Legal protection in cases of insolvency<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If the construction company becomes insolvent before delivering the property, it is essential to know your rights and legal options. At BB Abogados, we can help you assess the situation and seek solutions, such as claiming the refund of advance payments or suing the company for breach of contract.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Delays_in_property_delivery\"><\/span>Delays in property delivery<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Economic_consequences_of_delays\"><\/span>Economic consequences of delays<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Delays in the delivery of properties under construction or off-plan can have significant economic consequences for buyers, such as the payment of additional rent while waiting for the delivery. Moreover, delays may affect the value of the property, which could result in losses for the buyer.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Legal_claims_for_breach_of_deadlines\"><\/span>Legal claims for breach of deadlines<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If the construction company fails to comply with the delivery deadlines established in the contract, it is important to know your legal options. At BB Abogados, we can advise you on how to file a claim for breach of contract and demand compensation for the damages caused.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Changes_in_the_project_and_deviations_in_quality\"><\/span>Changes in the project and deviations in quality<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Modifications_to_the_design_or_materials\"><\/span>Modifications to the design or materials<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is common for construction companies to make changes to the original design or use materials different from those specified in the contract. These changes can affect the quality and value of the property, which could harm the buyer.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Legal_protection_against_unauthorized_changes\"><\/span>Legal protection against unauthorized changes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To protect yourself against unauthorized changes in the project, it is essential to carefully review and negotiate the contract before signing it. At BB Abogados, we can help you review the contract and ensure that your interests are protected.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issues_with_licenses_and_permits\"><\/span>Issues with licenses and permits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Importance_of_verifying_documentation\"><\/span>Importance of verifying documentation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Before signing a contract to purchase a property under construction or off-plan, it is essential to verify that the construction company has all the necessary licences and permits to carry out the work. At BB Abogados, we can help you review and evaluate the necessary documentation to ensure that the construction company complies with all regulations and legal requirements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Consequences_of_lack_of_permits\"><\/span>Consequences of lack of permits<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If the construction company does not have the necessary licenses and permits for the construction, this may lead to the suspension of the work and economic losses for buyers. At BB Abogados, we can help you assess the available legal options to demand a solution and protect your rights as a buyer.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Potential_issues_with_the_community_of_property_owners\"><\/span>Potential issues with the community of property owners<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Disagreements_in_the_administration_of_the_community\"><\/span>Disagreements in the administration of the community<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Once the construction is completed and the properties are delivered, disagreements may arise with the community of property owners regarding the administration and maintenance of the common areas. This can generate conflicts and economic damages for buyers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Measures_to_prevent_conflicts\"><\/span>Measures to prevent conflicts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To prevent conflicts with the community of property owners, it is important to establish clear agreements and rules from the beginning. At BB Abogados, we can advise you on how to establish a good relationship with the community of property owners and how to prevent and effectively resolve conflicts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Legal_advice_and_support_in_the_purchase_of_properties_under_construction\"><\/span>Legal advice and support in the purchase of properties under construction<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"The_importance_of_having_a_specialized_lawyer\"><\/span>The importance of having a specialized lawyer<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At BB Abogados, we understand that buying a property under construction or off-plan can be a complex and risky process. That is why it is essential to have a team of lawyers specialized in real estate and construction law who can guide you through the process and protect your interests.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654]\">\n<div class=\"text-base gap-4 md:gap-6 md:max-w-2xl lg:max-w-xl xl:max-w-3xl p-4 md:py-6 flex lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex flex-col items-start gap-4 whitespace-pre-wrap\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<h3><span class=\"ez-toc-section\" id=\"Practical_tips_for_a_safe_purchase_provided_by_our_team_of_experts\"><\/span>Practical tips for a safe purchase, provided by our team of experts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In addition to providing legal advice, at BB Abogados, we can provide practical and useful tips to ensure a safe and successful purchase of a property under construction or off-plan in Spain. From reviewing the contract to verifying the documentation and preventing conflicts with the community of property owners, our team of experts is here to help you.<\/p>\n<p>The purchase of properties under construction or off-plan in Spain can be a profitable investment, but it also carries significant risks. At BB Abogados, we can help you protect yourself from these risks and ensure a safe and successful investment in the Spanish real estate market. Contact us for more information on how we can help you.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>At BB Abogados, we understand that buying properties under construction or off-plan in Spain can be an attractive opportunity to invest in real estate. However, this option also carries its risks. In this article, we will explore the potential issues that may arise in the process and how you, as a buyer, can protect yourself&#8230;<\/p>\n","protected":false},"author":10,"featured_media":6002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66,51],"tags":[],"class_list":["post-6004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-properties-under-construction-or-off-plan","category-real-estate-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The risks of buying properties under construction or off-plan in Spain - 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\/the-risks-of-buying-properties-under-construction-or-off-plan-in-spain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The risks of buying properties under construction or off-plan in Spain - Boltas Boy&eacute; Abogados&reg;\" \/>\n<meta property=\"og:description\" content=\"At BB Abogados, we understand that buying properties under construction or off-plan in Spain can be an attractive opportunity to invest in real estate. 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However, this option also carries its risks. 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