Property Guides and Information for the Costa del Sol, Spain
Click on any of the categories in the right hand column to research a topic you are interested in NOW and the guides will appear as titles below.What are Bank Guarantees and how do they work?
Ben Johnson / Bright
keywords: spain, off plan, protection, bank, guarantee, insurance, property.
When thinking about purchasing a property off plan it's worth understanding that Spanish law has several good provisions that protect you as the consumer. In this article I want to focus on the most important protection available: bank guarantees or insurance policies that protect your deposit (normally held in an escrow account) while your property is being built.
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May 20, 2005 | Category: Spanish Property Law
All of the information was researched at the time of writing and publishing these articles and is to our best knowledge correct and up to date. Bright is not responsible for changes that occur through updates in Spanish legislature. Bright is also not responsible for any errors in any of the literature or advice published on this site.