Spain Real Estate News

quefuerte said:
Friday, April 29, 2011 @ 6:27 PM

José Blanco is a government minister who could actually do something meaningful to fix the market. So what’s he doing? Going on a road-show to woo international investors. Talk about putting the cart before the horse. This picture says it all: http://oi56.tinypic.com/291nvkm.jpg

Keith - Bank Guarantees in Spain said:
Monday, May 2, 2011 @ 12:08 AM

Is Sr. Blanco really serious?

He says the Road Show will “Highlight the strengths of our economy, transparency and legal certainty of our planning legislation”

This is an insult to all those of us who stand to lose so much due to the corruption and negligence in the Spanish Property Sector. The Spanish Property Sector certainly does not have any transparency or legal certainty!

Sr. Blanco said “It seems that I have become a real estate agent but my role is to ensure greater legal certainty to potential investors following many campaigns against the Spanish property sector”

Does Sr. Blanco not think that those campaigns against the Spanish property sector are fully justified? What has Sr. Blanco and the Spanish Government done to address those campaigns? Nothing!

It seems Sr. Blanco is trying to blame the campaigns for the lack of legal certainty in the Spanish Property Sector! Just like the rest of them he is passing the buck. These are the actions and words of a desperate man hoping that a miracle will happen and that all the campaigners will just ‘go away’.

Sr. Zapatero is leading a weak government who is failing to tackle the very serious problems in the Spanish Property Sector. Instead they are attempting to ignore the victims and move forward with a Road Show to promote transparency and legal certainty which are elements of the Spanish Property Sector that for thousands of victims simply do not exist.

On 6 July 2010 in the European Parliament Sr. Zapatero said "We stand shoulder to shoulder with those people, who maybe have had the wool pulled over their eyes in the property sector”. More empty words I am afraid.

In February 2011, when previewing the upcoming Road Shows the Spanish Housing Minister, Sra. Beatriz Corredor Sierra said: “Come here calmly and trust in the system that we have and the transparency we provide”

Sr. Zapatero, Sr. Blanco and Sra. Corredor need to understand that for thousands of victims of the Spanish Property Sector there was and still is no ‘transparency or legal certainty’.

Despite many empty words by Spanish Government officials there still remains little evidence of any ‘ongoing policy reforms’.

Lawyers and Banks have been negligent, the court system is overloaded, judges are inconsistent and real justice is still an expensive dream for many victims.

There remains a basic lack of understanding of LEY 57/68 (the law relating to Bank Guarantees) and in many cases the law is not applied correctly.

The Supervisor of the Spanish Banking System – the Banco de España is totally ineffective and has no real power. The result is that the Banks & Savings Banks have been allowed to ignore their obligations according to LEY 57/68 and collude with the corrupt developers to blatantly steal purchaser’s off-plan deposit funds.

It is a very serious situation and Sr. Blanco and the Spanish Government have NOTHING to put on a show about. Before making more empty promises and embarking on a Road Show designed to entice other unsuspecting ‘victims’ into the shambles that is the Spanish Property Sector Sr. Blanco must, together with his government colleagues, rectify the serious injustices that have taken place over the past decade in their country.

If you have been affected by any type of Spanish Off-Plan Bank Guarantee abuse please sign the Petition at:

www.bankguaranteesinspain.com