Buying safely in Spain
Despite the substantial decline of property prices in Spain, the Spanish property market has been blighted by the on-going news that the government continually forges ahead with the reclamation and demolition of homes purchased by Uk investors.
It is estimated at that at the peak of the market, developers were paid around £60 million by UK investors who unwittingly bought property that had been illegally built by illicit developers and local government officials. In a bid to boost confidence in the market and to protect the rights of existing owners who face the prospect of losing their asset, members of the Euro parliament from Spain and the UK continue to lobby for an amnesty and compensation. But investors who are looking for property to buy in Spain could buy peace of mind by arranging any purchase they make through an IASPP Safe Purchase Estate Agent.
By doing so the investor gets protected rights to the property title for 20 years as well as excellent legal support and financial compensation in the event of future monetary loss.