As the property has to be paid for before completion is there any insurance in place in case the builder goes bust etc?
No. Once the house is completed and handed over, we recommend buyers take out home insurance, even though this isn’t very common in Italy. We are preparing some competitively priced group packages with local insurers for buyers, but they are free to shop around. About `going bust’ : to be honest we are not too concerned — we are a very small, lean team and our rule is not to take on debt, or more than we can handle in terms of restoration work. Also, on an individual sale basis, we are very conscious of the fact that one bad sale experience could ruin the whole project so we are dedicating all of our efforts to ensure this never happens.
