News: New build property guarantees and home warranties in Spain
Written by Inmo Investments - 6 Jan 2018
New homes in Spain benefit from 10 year warranty
Seguro Decenal: the ten year construction warranty
There are many reasons why people choose to buy a new property in Spain instead of a pre-owned property.
One of the most significant financial advantages of new build properties over their resale counterparts is the warranty and the consumer protection that comes with it.
Just like some other European countries, it is mandatory for all new build residential properties in Spain to be sold with a 10 year property guarantee.
The construction warranty is a compulsory requirement legally mandated by Article 1591 of the Spanish Civil Code and statute 38/1999 of Spain's Building Act (Ley de Ordenación de la Edificación).
Known in Spanish as the Seguro Decenal, the building warranty covers structural faults that affect fundamental construction elements such as foundations or the retaining walls for 10 years after building completion.
The guarantee is offered in the form of an insurance policy issued by a third party property insurance company, and as such, is completely independent of the builder or developer.
The warranty works in a very similar way to the NHBC Buildmark guarantee in the UK, and protects new home buyers from any potentially negative financial effects arising from building faults and defects that affect the safe use of the home or the land on which the property is built.
And just like the Buildmark scheme, the Seguro Decenal insurance policy is fully transferable and can be passed on to subsequent home owners within the ten year time frame.
New build property in Spain: legal guarantees for owners
Furthermore, owners of new build properties enjoy additional legal protection under Spanish law.
For one year after the sale of a new build property, Spain's consumer protection laws hold both the developer and constructor of new build property jointly liable for minor construction flaws such as leaking bathware, mismatched floor tiles, or any fault caused by poor workmanship or the use of substandard materials.
The law offers additional consumer protection for the first three years of occupation covering defects that arise directly affecting the property's suitability for usual habitation, like a leaking roof, faulty electrical appliances, or the ingress of damp.
These strong consumer rights and the ten year guarantee provide prospective buyers of new build property across the Costa Blanca with peace of mind.
For some buyers, particularly investors, it is an advantage certainly worth considering when choosing between new build or resale properties.
Begin your search for your perfect investment property or holiday home now, click here to browse our portfolio of quality properties for sale in Spain, or click here to download our latest property magazine.
FURTHER READING ...
> The Costa Blanca hotspot where you can buy a property for under €50,000
> Alicante Province records 12.5% increase in property sales
> Your place in the Costa Blanca sun: home or away?
IMPORTANT NOTE: Inmo Investments Real Estate SL highly recommends that home owners have appropriate home insurance cover for their properties in Spain. Neither the Seguro Decenal nor Spanish consumer protection legislation should be relied upon as a replacement for home insurance.
Apartment - New build - Calpe
Spain - Costa Blanca North - Calpe248.500€
Luxury modern new build apartments for sale in Calpe, just 280m from the Mediterranean Sea. The stylish apartments offers 2 bedrooms, 2 ultra-modern bathrooms, a fully equipped kitchen, and a spacious living area with patio doors to a large private terrace with sea views. Constructed by a reputable and established builder, the quality of design and detailed finishes are first-class. The properties benefit from pre-installation of ducted air conditioning, electric shutters,...69 2 2
Villa - New build - San Pedro del Pinatar
Spain - Costa Calida - Murcia - San Pedro del Pinatar269.900€
Last 2 remaining stunning modern villas at San Pedro Del Pinatar. 23 detached villas available with varying plot and build sizes.. boasting 3 bedrooms and 3 bathrooms, modern American style kitchen, lounge/dining room, garden, patio, solarium and parking on site. All villas provide private 5x3m2 swimming pools. Pricing starts at 269,900€. Situated in the heart of San Pedro close to local amenities as well as the popular Dos Mares shopping centre and only 2km to the local beaches....148 235 3 3
Villa - New build - La Finca
Spain - Costa Blanca South - Algorfa295.000€
New promotion of modern detached villas for sale at La Finca Golf with plots up to 365m2, all providing 3 double bedrooms and 3 bathrooms. A modern living/dining area and open plan kitchen built to an exceptionally high standard. Outside space boasts a large garden with a private swimming pool, onsite parking and a balcony terrace leading off the master bedroom, and private rooftop solarium, perfect for year-round sun. Situated close to several amenities, such as bars/restaurants, an...118 365 3 3
Villa - New build - Pau 26
Spain - Costa Blanca South - Villamartin289.000€
New build - luxury villa with 3 bedrooms and private pool in Villamartín - Orihuela Costa. New project located in Pau 26 in Villamartin. The complex consists of 6 Luxury villas with private pool and solarium, set on south facing plots between 200- 245 m2. The villas have got high quality standards, and there are two different designs to choose from: • 3 Bedrooms and 2 bathrooms without basement. • 3 Bedrooms and 3 bathrooms with basement. Great modern design, large dining area,...115 206 3 2
Villa - New build - La Finca
Spain - Costa Blanca South - Algorfa279.000€
Modern new build villas at the prestigious La Finca Golf resort. The villas for sale offer 3 bedrooms, 2 bathrooms, each with lounge/dining room, spectacular open plan kitchen, terraces, garden, onsite parking, solarium and private swimming pools. Stunning location at the La Finca Golf Resort. Noted for design and quality and sold with many extras and quality materials. Prices starting from €279,000. Contact Inmo Investments to arrange your viewing today.100 366 3 2
Commercial - New build - La Regia
Spain - Costa Blanca South - Cabo Roig210.000€
New commercial centre in La Regia , situated in a sought after area next to La Zenia and Cabo Roig , boasts commercial units for sale prices at €210,000 for the last remaining unit. The units are sold built and unfinished on the inside. Contact Inmo Investments today for further information.85 90 0 0
Apartment - New build - Beachside
Spain - Costa Blanca South - Punta Prima365.000€
Brand new build luxury beachfront apartments in Punta Prima . 3 bedroom apartments for sale with a choice of ground floor apartments with garden, apartments with a spacious balcony, or top floor apartments with a private solarium. Each bespoke home benefits from a large open-plan living/dining room with ultra-modern American style kitchen, and modern bathrooms with high-quality fittings and underfloor heating. Closed community gardens with 3 swimming pools for adults and children,...116 3 2
Bungalow - New build - Lo Pagan
Spain - Costa Calida - Murcia - Lo Pagan139.900€
Modern bungalow apartments in Lo Pagan . This stunning complex offers properties of 2 bedrooms and 2 bathrooms, living/dining room and a fully fitted kitchen and white goods. The bungalows of ground floor models include a private garden with onsite parking and penthouses boast a private rooftop solarium with amazing views and a summer kitchen. The community offers a spacious communal pool and gardens. Excellent location at Lo Pagan , only 500m to the sandy beaches and a short drive to the...60 97 2 2