SPAIN

Specific legal issues to look out for in Spain

Be aware that there are many properties which have been built without planning permission (or in excess of permission) and enforcement action is increasingly being taken.

Despite being legally obliged to for many years now, many developers still won’t provide bank guarantees to protect your payments if they ever went bankrupt or otherwise couldn’t complete your property.

You should be aware of unfair contracts and if you’re buying ‘off-plan’, you need to select your property very carefully and be wary of property with inadequate specifications.

You’ll no doubt have heard of the ‘Land Grab’ and we’ll be happy to discuss how this might affect your purchase if you are buying within the Valencian region.

If investment is an important factor for you, you need to be just as cautious in Spain as anywhere else. Despite what you might be told, not all property will make money.