High Anxiety Summer for Brit Illegal Buyers

The move of the European Commission to get rid of the illegal “land grab” in Spain’s Valencia province may have rescued the money and fortune of the British buyers, but there are still about a hundred more in the hot summer nights who are facing the demolition and the destroying team of villas and houses that they have bought in illegal deals from local developers, agents and builders.

Many of these are already buyers at Almanzora Country Club, in Costa Almeria where the mayor of Cuevas del Amenzora is extensively being scrutinized by the Diputacion de Almeria after the regional planners have unearthed that he has given authority on the planning of a large-scale development in which hundred of buyers have already paid for decent homes – without the important necessary documents. Because many buyers have already paid for the development of the properties, the mayor is pleading that the development will push through and that he even insisted that there really was no license to begin with. The regional chiefs are expected to give an answer in months, and that they have threatened to tear down the buildings.

This case is also similar to that of the 250 Irish investors of the High Anxiety Summer, who have already invested in a golfing resort in Alcaidesa on the Malaga-Cadiz regional border. Now, after the police have checked out the building thoroughly, it is discovered that there is no building license (only forgeries), no planning consent and that there are allegations of money laundering. With this development, the investors run a high risk of losing their money and that there can be no legally required guarantee of completion.

It was also reported by the Costa Blanca News that the construction of the properties on the Cami del Molar, La Marina are also illegal and that the buyers are awaiting their fate.

Posted on: Spain

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High Anxiety Summer for Brit Illegal Buyers

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