Spanish property problem areas

With the constant stream of property related problems in the media regarding Spain, from land grab laws, illegal builds, bankrupt developers, etc… I was looking into compiling a list of areas/properties for buyers to be wary of.

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SPANISH PROPERTY SCANDAL PETITION

This month, a petition will be delivered to Number 10, requesting that Gordon Brown plays his part in helping solve some of the issues involving Spanish real estate and the UK investor.
The document asks that he lodge’s a complaint on behalf of British citizens who have become victims of Spanish property scandals and abuses. It also asks that Britain involve the EU.

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Buyers cannot be forced to complete!

After a recent comment on my article regarding Aifos bankruptcy I thought I would look into forced completions on developments. I’m sure several of the people who will read this will know what I am talking about has several developers in the past have threatened buyers with legal action or the loss of invested monies should they not complete on the required dates.

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