{"id":29371,"date":"2025-01-15T13:26:04","date_gmt":"2025-01-15T12:26:04","guid":{"rendered":"https:\/\/www.cbleon-abogados.com\/?p=29371"},"modified":"2025-01-24T18:27:46","modified_gmt":"2025-01-24T17:27:46","slug":"purchase-of-a-home-regulation-on-amounts-paid-in-advance-to-the-buyer","status":"publish","type":"post","link":"https:\/\/cbleon-abogados.com\/en\/purchase-of-a-home-regulation-on-amounts-paid-in-advance-to-the-buyer\/","title":{"rendered":"Purchase of a home. Regulation on amounts paid in advance to the buyer."},"content":{"rendered":"

Off-Plan Property Purchase<\/h1>\n

A key issue and the subject of numerous legal claims in Spain has been the regulation regarding the obligation of developers<\/strong> to guarantee<\/strong> the amounts they charge in advance during an off-plan property purchase<\/strong> or a property under construction.<\/p>\n

This regulation has been modified by Law 20\/2015 of July 14 on the Regulation of Insurance Entities. Below, we will discuss the most significant changes that affect property buyers in Spain<\/strong>.<\/p>\n

Until recently, this matter was governed by Law 57\/1968. The real estate crisis of recent years and the damages caused to property buyers prompted this regulation to be complemented and clarified through numerous Supreme Court rulings.<\/p>\n

The core of this regulation addresses the obligation of developers to guarantee the amounts paid in advance<\/strong> by buyers<\/strong> and the requirement to return these amounts if the construction does not begin or the property<\/strong> is not completed within the agreed timeline.<\/p>\n

As before, the new regulation establishes that the buyer<\/strong> has the right to have the developer<\/strong> guarantee the refund of advance payments<\/strong>, either through an insurance policy or a bank guarantee.<\/p>\n

\"Off-plan<\/p>\n

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