VEFA: what is the difference between buying a new apartment and a house?

By fashionlifeshopping 28/12/2022 1236 Views

For new homes, we will rather talk about CCMI

This is the first notable difference: the basic sales contract is actually not really the same. Even if we can use the acronym VEFA for the sale of a new individual house, you should know that the VEFA for this type of construction is rare. It will then be a question of buying a house in a subdivision or in a condominium and the promoters rather set their sights on a building. For individual houses built on plan, we will speak of CCMI, the Individual House Construction Contract.

The main difference between these two contracts is that by buying an off-plan apartment, you are buying a property that first belongs to your developer. In CCMI, you can buy your future new house from a developer or buy the land yourself, then find the builder for your project... This is also the most common.

VEFA: What is the difference between buying a new apartment and a house?