What investor protection do I have?

On new property, each deposit payment is guaranteed by the developers Spanish bank, which means you get your money back if the developer walks off site or becomes insolvent. you must chque that the developer had a bank guarantee in place

New property in Spain now comes with a 10 year guarantee similar to NHBC in the UK.

Your Spanish lawyer will also carry out all necessary land registry searches and check the guarantees before letting you sign any contract whether you are buying a new or existing property. This ensures any payments you make will be refunded if, for example, the developer is insolvent