Up to 100,000 UK investors who lost money when the Spanish property market collapsed could be in line for payouts, a law firm has estimated.
It follows a Supreme Court ruling in Spain last year, telling banks to pay investors back for the deposits they put down on homes sold off-plan. A law firm representing UK buyers has said that could amount to as much as £20,000 per investor.
In total, Britons who lost money before 2008 could be owed as much as £2bn. The estimates come from a law firm called Spanish Legal Reclaims (SLR), which is representing some of those who lost out.