British Consul meets property scandal victims in the Almanzora Valley
AUAN press release, 13th September 2011 AUAN members from the Almanzora Valley affected by the illegal homes scandal hosted a visit from the British Consul for the Andalucia region, Steve Jones and Madrid Embassy official Alexandra Brown, advisor to the Foreign Office on property matters in Spain on Tusday 13th September.
It’s Official: There are 12,697 illegal properties in the Almanzora Valley
* 920 properties earmarked for demolition. * The remainder likely to foot the bill for legalisation
Example 50pc discount on the coast
Here you have an example of a 50pc discount on the coast. Altamira, the real estate company of Santander bank, is offering 3-bed semis of 156m2 in Vera, Almeria, for €82,400, down from €164,800, that’s 50pc. They probably come with easy financing too: Assume around 80pc over 25 years and you are looking at less [...]
Spanish PM Zapatero puts Vera holiday home on market for €400k
He’s asking what he paid for it back at the peak of the boom in 2007, despite prices falling at least 22pc in the area since then.
British owners in Almeria make some progress defending their homes from demolition
The British community in Almeria, many of whom own homes declared illegal, are starting to make progress in their campaign to defend their homes from demolition, reports Spain’s leading newspaper El Pais.
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