National guarantees for the real estate sector

Guarantees the fulfillment of your commitments in real estate projects

If your company is dedicated to real estate development, construction or investment, BBVA offers bank guarantees tailored to the Real Estate sector. These guarantees assure clients, public administrations and suppliers that you will comply with your financial and contractual obligations at every stage of your project.

In addition, you can manage the entire CEC Guarantors process digitally with AvalBox, reducing paperwork and improving the efficiency of your operations.

What is the purpose of CEC guarantees (amounts paid on account by homebuyers)?

  • Bank guarantees are a fundamental tool in the real estate sector, as they facilitate access to financing. One of its most important uses is:

    CEC Guarantees

    1. Guarantee of the amounts advanced: When customers buy an off-plan home, they must advance money against the final price during the construction phase. The law requires that these amounts be guaranteed by a CEC guarantee to be returned if construction is not completed or the property is not delivered within the agreed-upon time frame.
    2. Legal requirement for developers: According to the first additional provision of Law 38/1999, developers must guarantee these amounts by means of a bank guarantee or surety insurance. The guaranteed amount insures the totality of the amounts paid on account, including taxes and legal interest until the expected date of delivery of the property.
    3. Obligation from the moment the building permit is obtained: The developer is obliged to guarantee the CECs as soon as he obtains the building permit. In all sale and purchase contracts in which an advance payment on account of the price is agreed, the promoter must state that it is obliged to return the CECs, reference to the insurance or guarantee contract and designation of the credit institution and the account into which the aforementioned amounts must be paid.
    4. Claim in case of non-compliance: If construction does not begin or the property is not delivered on time, the buyer may require the developer to refund the amounts paid. If the developer does not return the CECs within 30 days, the buyer may claim payment of the CECs from the guarantor bank or the insurance company that issued the surety insurance.

How to apply for CEC guarantees

  • BBVA offers CEC Guarantees with flexible conditions and agile digital management through AvalBox, making it easier for developers to process and present them.

    The digital management of CEC Guarantees with AvalBox is agile, secure and paperless. You can request, manage and present your guarantees 100% online, improving your company's operational efficiency.

    • Process your guarantees from anywhere.
    • Control in real time the risk limits, maturities and amounts.
    • Presents guarantees in digital format for greater security and sustainability.
    • Reduce administrative times and costs in guarantee management.

Why choose BBVA for your real estate guarantees?

    • Specialists in the real estate sector: BBVA understands the financial needs of developers, builders and investors.
    • Flexibility and speed: Agile issuance and management so that you can meet your commitments without delays.
    • Security and trust: Guarantees backed by a leading bank in the financial market.
    • Optimization of resources: Substitute cash deposits for guarantees, improving your company's liquidity.
If you need more information or want to request a bank guarantee for your real estate company, visit BBVA or contact your manager.