Why do we want to help you?
The dream of owning a beachfront property has turned into a nightmare for the buyers of Residencial Le Blanc. This project, which promised modern, well-located homes, has become mired in controversy due to significant delivery delays and the lack of financial guarantees.
The Le Blanc development, managed by the real estate developer Porta Mediterránea Homes, was launched with great enthusiasm. Buyers, drawn by the promised quality and prime location, signed reservation and purchase agreements and made substantial deposits into accounts designated by the developer, expecting to receive their homes in April 2024.
However, when the agreed date arrived, the properties were not ready. The developer informed buyers of delivery delays, offering new deadlines that have not been met. This has caused uncertainty and mistrust, as the construction has remained stagnant for several months.
One of the most alarming aspects of this case is the absence of a surety insurance or bank guarantee. Current Spanish regulations require developers to secure buyers’ advance payments with an insurance policy or bank guarantee to protect them if construction is not completed within the agreed timeframe.
When buyers requested this guarantee, the developer responded that it did not have one, a serious legal violation and a clear indication of non-transparent practices.
What solutions do buyers of Residencial Le Blanc have?
For affected buyers, it is crucial to take legal action to protect their rights and recover the amounts invested by filing a claim against the bank where the payments were deposited.
Banks are responsible for ensuring that accounts receiving buyer deposits are backed by a surety insurance or bank guarantee.
If you are affected by Residencial Le Blanc, do not hesitate to contact us. We will review your case and provide you with 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.
