High Anxiety Summer for Brit Illegal Buyers

British illegal buyers of property in Spain, particularly buyers with townhouses and villas, will now have to face a team of demolitions and constructions as they are being hunted one by one by the European Commission (EU). This is in a move that says that the EU has vowed to get rid of all illegal buyers who have bought their properties in “illegal” deals from local agents, builders and developers. But with this new development, there are still less British who would do nothing but watch their comrades’ homes being demolished.

These buyers can be located at a posh place in Almanzora Country Club, in Costa Almeria, where the mayor himself of Cuevas del Almanzora is being examined by the Diputacion de Almeira after the regional planners found out that he had given unauthorized planning permission for a large scale development in which hundred of property buyers had to pay for up to half of the value of property homes – without the important building license. The mayor now accepts that there really is no important building license and that he is asking for the regional developers that the development phase will go through because, as he said, so many people have already bought properties here. The regional chiefs expect that the whole property be demolished, and that they are expecting answers in months now.

Aside from this new development, there is also a similar case in the Alcaideza on the Malaga- Cadiz regional border, this time with Irish investors. Now, after a police has raided this new development, it has been found out that the place has: no building license, no planning consent, and there were also allegations of money laundering. This means that investors are at risk in losing their money and that the development of the property can’t go on.

Posted on: Spain

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High Anxiety Summer for Brit Illegal Buyers

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