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Spanish overseas property agent Chris Mercer has reacted to angry protests over the way in which the Spanish government has introduced new rules on how home buyers from abroad obtain their foreign ID Numbers.
Christmas came early for Mr. and Mrs Woodcock this year, as they succeeded in recovering their money from an ill-fated Spanish development. The couple invested in a Murcia golf club, which was left unfinished after the economic downturn, placing their funds under serious threat. Following months of legal battles, they finally won back their investment this month.
British MEP (Member of the European Parliament) Diana Wallace has published a booklet called “European Property Rights and Wrongs” this week in an effort to protect the rights of overseas property buyers.
Spain could be exacerbating its property market’s problems by making Land Registry information available in English, according to an overseas property lawyer.
While there are similar groups already in existence in Spain, this group is the first of its kind in the UK and aims to raise awareness and pressure the UK Government and MEPs into taking action.
Three top matadors slayed six half-tonne bulls Sunday in the last bullfight held in Catalonia before a ban on the centuries-old tradition comes into effect in the northeastern Spanish region.
Expats who bought into unsuccessful equity release schemes and now face losing their Spanish properties have set up an action group to fight the Nordic banks behind the schemes.
New UK treasury reforms could see retirees who live and own property abroad able to spend up to a third of their time back home each year without paying any tax.
There have been protests taking place all over Spain against evictions being carried out because homeowners have fallen behind on mortgage payments.
A pilot scheme currently being trialled in the Netherlands and Spain will see buyers able to apply their own country's laws to property purchases abroad, ensuring their legal safety in the event of developer fraud.
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