While it is possible to buy a property in some overseas jurisdictions, including Spain, without having to appoint a lawyer, it would be very unwise to do so.
One should never buy off-plan in a land that is not registered under a developer’s name.There are far too many associated risks to take a gamble with your hard-earned money.
The basic recommendation is not to sign a reservation contract, or a Private Purchase Contract (PPC), unless the property has been issued with a Building Licence.
Bank Guarantees are a legal tool devised to secure the interim deposits of prospective off-plan purchasers should their properties not be delivered on time or their developers file for administration
A town hall issues a Licence of First Occupancy to verify that a freshly built property meets all planning and building standards and may be utilized as a house.
A NIE number is a Fiscal Identification Number for foreigners and is required, among other things, to buy property in Spain.
Snagging is an informal expression used within the construction industry which is used to describe the process of construction defect identification and resolution on buying new build properties.