BBC: Up to 100,000 UK investors in Spanish homes could get payout

[Mark Stücklin]

From BBC News today:

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.

Read full article at BBC News

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