El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche.
www.costaluzlawyers.es

Legal tip 472. If Banks paid...
10 March 2011 @ 15:17

Amounts covered by Bank Guarantees or out of their liabilities as depositers ex provision 1.2 of Law 57/68....

How many of you would buy in Spain again?

Now that it is the day were Banks grades are being published...

A former post on this topic

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5 Comments

Ruth said:
10 March 2011 @ 15:53

Sorry I don't understand this blog !

Maria said:
10 March 2011 @ 16:39

Yes Ruth. It is true the post is a bit cryptic.
I was just asking how many of you, claiming against Banks out of Law 57/68 will buy today an apartment in Spain if received this money?

Sandra said:
11 March 2011 @ 00:42

If the developer had honoured his contract and paid up promptly when the completion date was three years overdue then I can say that we would have bought another Spanish holiday property.
If we eventually get our deposit back ( it's now six years since we paid and three years since we cancelled our contract) I do not feel confident enough or have the stomach to start looking again. I feel exhausted just thinking about the whole experience.
But that's just me, others with a more optomistic outlook will probably take the plunge again.

Sandra said:
11 March 2011 @ 01:58

Or even optimistic!

CardiffIan said:
11 March 2011 @ 10:50

If i received a refund of my deposit I would still buy in Spain if the circumstances were right. I would still like to spend a lot of time in Spain when I retire. I definitely would not buy off-plan or on a new urbanisation though. I would now buy in a Spanish town or city and not the holiday type of property.