Buying property in Spain from a developer is somewhat easier and safer that buying from a private seller.

Developers are restricted by several laws to what, when and how the offer of their product is put across to the prospective purchaser. Likewise, and given the fat deposits these entities sometimes demand from the purchaser prior to completion, the government under Franco´s ruling enacted a law whereby all down payments made before the property was completed have to be secured either by bank guarantees or insurance policies.

This assurance that the buyer will retrieve his invested capital from the developer should the project stall or fail is not available for resales unless it is specifically provided for. The subject of how these laws apply to the offer made by the developer, the contents of the contract and the remedies of the purchaser is an interesting one, and therefore merits a deeper analysis.

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