Buying a new-build property from a developer in Spain (Promoción)? Here are the two major legal protections you need to know about!

When buying off-plan, you pay in stages during construction. To ensure peace of mind, Spanish legislation requires developers to provide robust safety nets.

In this new episode of House & Home in Spain, I explain: 

• How buying through a developer (Promoción) works and which taxes apply (10% VAT). 
• The Bank Guarantee (Aval Bancario): ensuring your stage payments are secured during the build. 
• The 10-Year Building Warranty (Seguro Decenal): mandatory structural defect coverage (which is optional for self-builders/autopromoción, but strictly required for commercial developers!).

Enjoy the journey towards your brand-new home on the Costa with full confidence! 

Looking to discover quality new-build developments on the Costa Blanca with verified guarantees? Send us a message at AP Properties Spain — we’re glad to guide you!

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