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Spain Real Estate News

What's really happening in the real estate world in Spain? The EOS Team are going to be keeping you up to date with everything that's happening from a market perspective.

Court orders British buyers to complete purchase of irregular Marbella property
Monday, November 9, 2009 @ 10:19 AM

They had claimed their deposit back after a delay in the handover over a challenge to the building licence

A court in Marbella has told the four British purchasers of a property seen as illegal by the Junta de Andalucía that they cannot have their deposit returned and they must go ahead with completing the purchase.

The buyers paid over more than 103,000 € as a deposit on the property on the urbanisation Santa María Green Hills, in Elviria Sur, signing the contract with Marbella Vista Golf S.L. in November 2004. Diario Sur reports that the flat should have been handed over before 1st January 2006, but, owing to the regional government’s challenging the building licence they considered to be illegal, neither the property nor the gardens and promised golf course were completed by that date.

Read the rest of the story at Typically Spanish.



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