Is it possible for a developer in Italy to renege on a contract and not finish construction?

Yes, there is a possibility that a developer in Italy will not fulfill the contract and complete the construction. Such situations can arise for a variety of reasons, such as financial problems, administrative difficulties, legal conflicts or other unforeseen circumstances. The right steps can minimize this risk. It is important to carefully vet the developer, consult a lawyer, use secure payment methods and monitor the progress of construction.