Fuster & Associates join forces with AIPP to set Spanish new build property benchmarks

Expert Spanish property lawyers Fuster & Associates and AIPP have joined forces to create a new partnership that will set industry benchmarks for quality, assurance and reliability within the Spanish new build property market. The exclusive agreement was signed by Fuster & Associates Founding Partner David Fuster and AIPP CEO Peter Robinson at the Fuster & Associates 20th anniversary event 1st March 2020.

The Fuster Standard guarantees that all the necessary legal paperwork has been completed in advance of a property being offered for sale, thus providing reassurance both for the agent selling it and for the buyer. Unfortunately, agents do not always do comprehensive due diligence on a property development, ensuring it has all the correct licenses and permissions etc, before offering projects to buyers. Although the facts may be checked at conveyancing stage, some buyers do not use an independent lawyer or seek any legal assistance at all. This is both a risky approach for the buyer and may mean the agent loses their sales commission and damage to their reputation.

David Fuster, Founding Partner, Fuster & Associates had this to say about the initiative; “Our goal is to reduce potential risks both to agents selling Spanish properties and to those buying them. We are looking ahead to a safer buying environment in 2020 through our partnership with AIPP, creating a roadmap for agents and their clients to avoid the pitfalls of the past and work towards a brighter future.”

Agents who sign up to the Fuster Standard can access an intelligent map that displays all certified new housing developments on the Costa Blanca and Costa Calida, with a planned roll-out across Spain. Fuster & Associates will be in charge of the certification of developers through the Fuster Standard seal of approval. Certified Spanish developers will be offered discounted membership of AIPP with three clear benefits:

• Accessing AIPP member agents
• Option for unique, direct-to-market listings and editorial
• AIPP accreditation

Peter Robinson CEO, AIPP had this to say; “AIPP’s mission is to improve industry standards and help buyers make sensible choices. With the kind of purchase problems that can relate to new properties, it makes sense to look at the supply-side. Our agreement with Fuster & Associates establishes a new benchmark of due diligence at the point of sale, avoiding problems for sales agents and their clients long before the conveyancing stage. This perfectly complements our new AIPP agent training initiative, covering both compliance and business skills”