Why do we want to help you?
Porta Mediterránea Homes, a real estate developer, is facing significant issues with its Porta D’Irta project. Buyers who trusted this developer to purchase their homes are now in a state of uncertainty due to delivery delays and the lack of financial guarantees.
Porta D’Irta was advertised as a modern housing development in an attractive location in Alcossebre, Castellón. Many buyers, convinced by the promise of quality, signed reservation and purchase agreements, depositing large sums into accounts specified by the developer. The delivery dates varied depending on each contract, but the properties have yet to be delivered. The developer continues to give buyers new delivery dates, even though construction has remained at the same stage for several months.
A critical issue with the Porta D’Irta case is the absence of a surety insurance or bank guarantee. Under Spanish law, developers are required to secure buyers’ advance payments with an insurance policy or bank guarantee, protecting buyers in case the construction is not completed within the agreed timeframe.
When buyers requested to see the insurance or guarantee, the developer admitted that such guarantees were not in place. This is a serious legal violation, leaving buyers in a highly vulnerable position.
What solutions do buyers of Porta D’Irta have?
Buyers affected by the non-delivery of properties have the right to claim their money back from the bank where their payments were deposited, along with the corresponding interest.
This responsibility falls on the bank due to its obligation to ensure that funds deposited by buyers are protected by a surety insurance or bank guarantee.
If you are affected by this developer, do not hesitate to contact us. We will review your case and provide information at no cost or obligation.
Specialists in Undelivered Properties
At El Defensor de tu Vivienda, we are expert lawyers specializing in housing and undelivered properties. If you made payments towards an off-plan property and have neither received the property nor recovered your funds, contact us today at 910 38 43 64 or through the form on our website.
