23 May 2016 6:52 PM:

We found a great property near Busot, 15 minutes from Alicante. A private villa with private swimming pool, in an urbanisation of more than a hundred houses. Built 30 years ago. All good and well until the bank guy sent an architect to do a valuation. Appraisal came back 40 thousand euro cheaper than the price we thought to pay (which we thought to be very sharp).  Reason: the house is on rustic land. 

The whole neigboorhood is on rustic land!  How is this possible? and what are the risks? I dont expect an honest answer from the real estate agent and not even from the lawyer since it's the one working with the real estate agents, so I guess he is biased.

Can it be totally ok, I mean is this a common thing to have whole neighboorhoods built illegally.... is this kind of semi-regulated after all?  And most of all. who will tell me the truth? We still like the house... but dont want to throw away our money obviously

 

 

 

Thread: Urbanisation turns out to be built on rustic land... buy or run ?

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