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http://www.washingtonpost.com/wp-dyn/content/article/2006/12/14/AR2006121401007.html
Although it’s not ‘new news’ the fact that it has hit the Washington Post is worth a mention – as a general rule the USA does not even recognise that there is a world beyond its own shores so Spain’s credibility is really taking a hit at an international level over this.
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Interesting tilly that the US media is becoming aware of Spain’s corrupt property industry.
Spain has all but completely ruined some of it’s Costas due to the greed of it’s Gov’t allowing the Black money culture, plus it’s own property revenues. When you see the expensive new build monstrocities as in Mark’s recent post it looks as if Spain has lost the plot big time on the coasts, the problem could get worse if they allow it to creep inland.
Bulgaria will likely go the same way as these developers move there, and to a lesser extent it’s happening in Cyprus and Turkey etc. Governments don’t give a toss for their landscapes, it’s all about money.
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Interesting tilly that the US media is becoming aware of Spain’s corrupt property industry.
Spain has all but completely ruined some of it’s Costas due to the greed of it’s Gov’t allowing the Black money culture, plus it’s own property revenues. When you see the expensive new build monstrocities as in Mark’s recent post it looks as if Spain has lost the plot big time on the coasts, the problem could get worse if they allow it to creep inland.
Bulgaria will likely go the same way as these developers move there, and to a lesser extent it’s happening in Cyprus and Turkey etc. Governments don’t give a toss for their landscapes, it’s all about money.
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People in Britain will cry foul immediately a planning application is submitted to build almost anything in their area, yet will buy a property, maybe as a second home, which could well be part of the decimation of a Costa environment. If Brits value the environment they will not buy properties which so disfigure the environment, wherever in the world they are. It only encourages developers to do even more harm.
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People in Britain will cry foul immediately a planning application is submitted to build almost anything in their area, yet will buy a property, maybe as a second home, which could well be part of the decimation of a Costa environment. If Brits value the environment they will not buy properties which so disfigure the environment, wherever in the world they are. It only encourages developers to do even more harm.
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Paul said if they allow it to creep inland.
The problems inland are already at epidemic proportions.
As I said on another post even worse than on the coast if thats possible.
Many brits that bought on the campo have since found that they now have legal problems they were not aware of at completion.
The vendors inland are still trying to sell illegal properties to non spanish with the help of lawyers and notaries.
The whole thing in Spain will be exposed eventually in the UK because of the scale of corruption.
I for one will do my best to ensure that the brits that are thinking of moving or having a holiday home here know of the unresolved problems.Garry
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Paul said if they allow it to creep inland.
The problems inland are already at epidemic proportions.
As I said on another post even worse than on the coast if thats possible.
Many brits that bought on the campo have since found that they now have legal problems they were not aware of at completion.
The vendors inland are still trying to sell illegal properties to non spanish with the help of lawyers and notaries.
The whole thing in Spain will be exposed eventually in the UK because of the scale of corruption.
I for one will do my best to ensure that the brits that are thinking of moving or having a holiday home here know of the unresolved problems.Garry
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I watched one of the old “Place in the sun” programmes a few days ago. In just half an hour Amanda Lamb said:
Buy off-plan and it could be worth 35% more in 2 years ❗
A football star is buying here and you will be able to obtain 9000 pounds a year in rental ❗
The house isn’t on the escritura but they own the land so legally everything on the land you own and it won’t be a problem to have the house added to the escritura. ❗
Perhaps these old programmes should carry a disclaimer
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I watched one of the old “Place in the sun” programmes a few days ago. In just half an hour Amanda Lamb said:
Buy off-plan and it could be worth 35% more in 2 years ❗
A football star is buying here and you will be able to obtain 9000 pounds a year in rental ❗
The house isn’t on the escritura but they own the land so legally everything on the land you own and it won’t be a problem to have the house added to the escritura. ❗
Perhaps these old programmes should carry a disclaimer
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According to the judge Aifos paid Roca 4.762.662 euros for favourable agreements of planning and the approval of the project Guadalpin Banus.
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According to the judge Aifos paid Roca 4.762.662 euros for favourable agreements of planning and the approval of the project Guadalpin Banus.
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i was talking to an estate agent last night she said “buy in turkey and i guarantee you’ll make 10 grand in a year”
i apologise to anyone who likes the place but personally i wouldn’t step foot in the country let alone invest there
but it goes to show the costa mentallity is moving east at a rate of knots
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i was talking to an estate agent last night she said “buy in turkey and i guarantee you’ll make 10 grand in a year”
i apologise to anyone who likes the place but personally i wouldn’t step foot in the country let alone invest there
but it goes to show the costa mentallity is moving east at a rate of knots
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Agree with you there chilly, I wouldn’t buy in Turkey or Bulgaria and a few other places since the scammers have moved there also, especially since Spain is struggling with property scandals.
Katy, Amanda Lamb has a lot to answer for as a front for property programmes, it’s her that talks things up one year and then fronts programmes that mention all the problems buyers have in those countries.
GJ, good for you, the more people that expose the scams and pitfalls to the unwary, the better!
Personally, I think the Governments of these countries, especially Spain’s, are as guilty as the crooked Agents, Developers and the usual Lawyers who are allowed to operate with impunity.
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Agree with you there chilly, I wouldn’t buy in Turkey or Bulgaria and a few other places since the scammers have moved there also, especially since Spain is struggling with property scandals.
Katy, Amanda Lamb has a lot to answer for as a front for property programmes, it’s her that talks things up one year and then fronts programmes that mention all the problems buyers have in those countries.
GJ, good for you, the more people that expose the scams and pitfalls to the unwary, the better!
Personally, I think the Governments of these countries, especially Spain’s, are as guilty as the crooked Agents, Developers and the usual Lawyers who are allowed to operate with impunity.
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Paul
i agree and i think that’s a big part, but i wouldn’t be suprised if the laws probably are there, but how often is the right decision made in the court rooms? I think the long fingers of corruption reach far higher than we in the U.K would assume? Perphaps there is a strong case for for a European standard law kept in check by a multinational board in this area, rather than the current system of every country getting away with what suits them!
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Paul
i agree and i think that’s a big part, but i wouldn’t be suprised if the laws probably are there, but how often is the right decision made in the court rooms? I think the long fingers of corruption reach far higher than we in the U.K would assume? Perphaps there is a strong case for for a European standard law kept in check by a multinational board in this area, rather than the current system of every country getting away with what suits them!
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goodstich44, a fair point made re the standard law in Europe. Considering the EU plus Brussels seems able to dictate so many things in the UK and elswhere, you would think they could have a common law governing property regulation in Europe.
I’ve said it for years, Spain is as guilty as all the property rogues they allow to operate there!!!!!
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goodstich44, a fair point made re the standard law in Europe. Considering the EU plus Brussels seems able to dictate so many things in the UK and elswhere, you would think they could have a common law governing property regulation in Europe.
I’ve said it for years, Spain is as guilty as all the property rogues they allow to operate there!!!!!
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