KRAFT CHRISTENSENREALTYBuying off-plan gives you access to modern construction materials, energy-efficient design and often attractive early-phase pricing per square metre. Your purchase price is agreed early, while payments are made in defined stages as construction progresses.
Spanish law requires protection for qualifying advance payments towards homes under construction. KC will not recommend a development that fails to provide the required protection. Before you pay, your independent lawyer should verify the project’s bank guarantee or surety insurance, the protection for your purchase and the designated payment account. Arrangements for any payment made before the building licence (and therefore before the statutory guarantee framework applies) need separate verification — do not assume automatic protection.
Model the payment stagesEarly releases may be priced below later phases. Securing the contract price early means you may benefit if later releases or comparable values rise before completion; values can also fall, and nothing is guaranteed.
Reservation and construction payments are distributed across agreed milestones, with the largest balance commonly due when the completed property is transferred.
Before you pay, your independent lawyer should verify the project’s bank guarantee or surety insurance, the protection for your purchase and the designated payment account. Arrangements for any payment made before the building licence (and therefore before the statutory guarantee framework applies) need separate verification — do not assume automatic protection.
New developments combine current construction methods with improved energy performance, insulation, acoustics, ventilation, glazing and electrical capacity.
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