El blog de Maria

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

Legal tip 695. The good new finally: a property with your refund
02 February 2012 @ 08:02

It is possible, today is the day when definitive price reductions will start to happen in Spain. Banks are being finally called to realism in the value of their estate assets. A big restructuration is showed.

So...is very possible that with just your deposit ( the one you have/are recovering), you will be able to buy a whole property. Is not great?

Are you coming?

Maria

"Medina Sidonia Diciembre 07", Cadiz, Spain, by Ana Asuero, at flickr.com

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2 Comments

Ken Foster said:
13 February 2012 @ 17:22

I think with the number of empty properties in Spain and the fact that lots of UK buyers have paid substantial amounts before litigation, it would be a good compromise for the resolution of cases to be based around a solution whereby properties could be 'bought' in full with amounts already paid.

I am sure some (not all) UK buyers would consider this.

Maria said:
13 February 2012 @ 17:27

Yes, I am sure a resurrection of the UK in Spain estate market is about to happen for the good of many!