When you buy a property in Spain, we advise you to send your funds through to the lawyer´s client account. By doing this, you are giving an element of control to the lawyer, but also allowing him/her to thoroughly check all the paperwork before handing over any of your hard-earned cash to a developer or vendor. Only when you and the lawyer are entirely happy to proceed with the purchase of your property in Murcia, will the funds be transferred.

When you buy off-plan property in Spain, your lawyer will need to check that the developer has bank guarantees in place. Although this is now a legal requirement in Spain, you still need to check. Effectively, the bank guarantee is an insurance policy so that in the event of the developer going bankrupt or disappearing with your funds, you have a legal remedy to recover those funds plus interest. 

Property in Spain