A new apartment from a developer can be a great buy: a modern building, a lower price than a finished apartment, and time to prepare the payments. It is also where buyers from abroad take the most risk. These are the things we check first.
Your payments must be secured
Under the Sale Law (Apartments), the developer must secure the money you pay, usually with a bank guarantee from the project’s accompanying bank for each payment. Never pay without receiving the guarantee, and make sure payments go to the project account.
The accompanying bank and the permit
A project with an accompanying bank has been checked financially. We also check the status of the building permit, because a price that looks attractive before a permit carries more risk.
The developer’s track record
Have they delivered similar projects on time? What do residents of their previous buildings say? Are there open legal claims? We visit their finished buildings, not only the sales office.
Delivery date and delays
The contract sets a delivery date, and the law sets compensation if it is late. Check the grace periods written into the contract and make sure they are reasonable.
Linkage to the construction index
Payments are often linked to the construction input index. How much is linked, and from when, is negotiable and can make a real difference over two or three years of construction.
Specifications and registration
Read the technical specification line by line: finishes, windows, air conditioning, storage and parking. Registration of the apartment in the land registry can take years after delivery, and your lawyer should explain how your rights are protected until then.
General information, not legal or tax advice. Checked September 2026. Your lawyer confirms the figures for your case.
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