The Spanish property market remains a popular choice for foreign buyers, particularly when it comes to new-build property. Modern construction methods, up-to-date building standards and a clear legal framework lead many buyers to deliberately opt for newly built homes.
NB-ESTATES works exclusively with reliable partners. For every new-build project, a prior review is carried out before it is included in our portfolio.
For Belgian buyers, this legal framework may sound familiar. In Belgium, new-build property is also subject to statutory protection. Under, among others, the Breyne Act, contractors and sellers may be held liable for a period of ten years for serious defects affecting the stability or watertightness of a building after completion.
Spain provides a comparable system of statutory protection, albeit with clearly defined warranty periods that apply after the completion of the construction works. These are laid down in the Ley de Ordenación de la Edificación (LOE – Act 38/1999) and form an integral part of the legal framework governing new-build property in Spain.
In this article, we explain how these statutory warranties are structured, when the relevant periods begin and how liability for defects is determined.