Developer Compensation Paid – who benefits?

Spanish Property Insight Forums Spanish Property Forums Property Questions & Answers Developer Compensation Paid – who benefits?

This topic contains 2 replies, has 2 voices, and was last updated by  EllyAlly 4 years, 5 months ago.

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  • #181780

    EllyAlly
    Participant

    Hi – this is an interesting question! Developer has paid out a very large sum to owners who bought in a development and sued for poor quality build etc. As an original owner who has now sold and who suffered the cost of repairs and fees to sue I find the money has been paid to current owners. Do I have a case to pursue for this money? Money is already in their bank accounts. Many thanks for your help and advice.

    • This topic was modified 4 years, 5 months ago by  EllyAlly.
  • #181784

    Mark Stücklin
    Keymaster

    If a year has passed you are probably too late.

    Read this article for more information: Off-Plan construction guarantees: know your rights

  • #181799

    EllyAlly
    Participant

    Thank you Mark – we sold in 2012. I have asked purchasing and selling solicitors so if I get anywhere I’ll come back and leave a message. It would appear this is a payout by the indemnity insurers of the architects and surveyors and not from the developer. Worth noting for those in similar circumstances.

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