Marbella property market agonies

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This topic contains 8 replies, has 5 voices, and was last updated by Profile photo of Inez Inez 7 years, 6 months ago.

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  • #51066
    Profile photo of Anonymous
    Anonymous
    Participant

    Anyone thinking of buying property in Marbella (and the Western Costa del Sol in general for that matter) should read yesterday’s Sunday Times article on the scandals / swindles presently blighting the market in that area.

    The article can be ready here: http://www.timesonline.co.uk/article/0,,2087-1582327,00.html

    The problems are very real but at the same time they need to be put into perspective. For a start they don’t affect the vast majority of buyers, though that will be no comfort to the innocent buyers who have been caught up in these scandals. The problems shouldn’t put you off buying on the Costa del Sol but they should make your realise that precautions are required and that you have to be very careful about how you buy and who you buy from. I’ve always been astonished at the blasé way in which many foreigners buy property in Spain, and less astonished when the scandals emerge.

    Have a look at the Spanish Property Insight off-plan buyer’s guide just published online. It should help you understand where the risks lie and how to avoid them.
    http://www.spanishpropertyinsight.com/spanish_property_off_plan_property_spain.htm

    Mark

  • #58188
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Mark

    Have just read the article with interest as there is someone I know who is caught up in this ‘frozen’ money problem in the Alcadeisa development marketed by the agent whose name constantly crops up in any article re mis-selling. Since this agent was also recommending Del Valle as lawyers and promoted the Development as an exclusive of theirs, what are the chances of purchasers claiming back their stage payments directly from



    the Estate Agent? Failing that maybe the agents should offer to switch these purchasers to other Developments at the very least, or do ‘pigs actually fly’?

    Paul

  • #58192
    Profile photo of Anonymous
    Anonymous
    Participant

    These people make the process of buying and selling spanish property even more confusing and difficult. Someone should set up an independant vetting company for expats.

    espanauk

  • #92281
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello
    And what about Costa Blanca?
    I think could be the same here, only on smaller scale.
    The authorities should look into Costa Blanca’s scams and affairs also….
    But always in news there is a Costa del Sol first…

  • #92284
    Profile photo of Inez
    Inez
    Participant

    I started reading this until I realised this is old news – 2005 to be exact!!

    Ibermaxx, welcome to the forum but it makes more sense to join in with newer posts!! 😆

  • #92285
    Profile photo of katy
    katy
    Spectator

    I followed you too Inez…had a hot afternoon on the beach though 😆

  • #92296
    Profile photo of Inez
    Inez
    Participant

    Ooooh nice! I was hoping for the same but the weather today a bit weird! Was in the sun both days last weekend – got an august tan in time for a visit to the UK for a wedding!! 8)

  • #92297
    Profile photo of katy
    katy
    Spectator

    I am going to the UK for a wedding too, leave tomorrow but wedding next week. Marbella’s going to miss us 😆

  • #92301
    Profile photo of Inez
    Inez
    Participant

    Crikey – Is it the same one?? Im up in Peterborough for the 6th. Hubbys goddaughter.

    Marbella will be very quiet for those days. 😆

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