October 30, 2006 at 11:21 am #52403
I have just read Mark Stucklin’s article in the Sunday Times on Spanish property buying disasters.
We hear of these dreadful tales at the Costa del Sol Action Group. Two current nighmares are firstly the couple who bought the house-building project, paid 240,000 euros and ended up with nothing – no title deeds and there was never any planning permission or building licence and never will be. A main road is now going through the property anyway. This was a fraudulent conspiracy between the agent in Fuengirola, the lawyer in Arroyo de la Miel and the corporate vendor.
The other case involves buying a package of land and a building project from a Briton. Their lawyer failed to notice that the building licence had expired months before completion. It will not be renewed, so they own a worthless piece of land and are 300,000 euros out of pocket. They’ve gone back to the UK to start again.
Nobody please post that these people were idiots who asked for it.
October 30, 2006 at 11:51 am #67090
They certainly have my sympathy. 🙁
Is your action group pro-active in helping people in similar circumstances or are you primarily a sounding board? I just wondered if you have any “clout” as an organization?
October 30, 2006 at 5:46 pm #67104
I missed this article by Mark if it’s recent, is there a link to it please?
October 30, 2006 at 8:22 pm #67109
October 31, 2006 at 6:13 pm #67147
Check out our web site. We do have clout. We do also have good lawyers. I can rightly say that I work in conjunction with the Fraud Squad of the National Police.
We have successful class actions in the Spanish criminal courts against unlicensed IFAs and also against perpetrators of fraudulent investment schemes.
October 31, 2006 at 6:39 pm #67150
What happened to the Brits who were due in court in July? Or was it another month 😕
October 31, 2006 at 9:18 pm #67152
Why do I have to keep logging on????? 😕
gwilymrj, It’s great to hear thet people like yourselves are doing a service to “joe public” to enable them to fight against injustice. Eventually we will win! 🙂
October 31, 2006 at 9:18 pm #67153
What Brits are you talking about Katy?
November 2, 2006 at 11:00 am #67185
Says it all when so many purchasers as mentioned says ‘the agent was English, so we trusted them’, too many ‘dodgy’ Brits are just conning their fellow countrymen in their bold brash Estate Agencies on the Costas and other countries. It’s time the Spanish Authorities dealt with them as well as the developers and some lawyers!
November 2, 2006 at 11:48 am #67187
In my experience its allways your own type/race etc who con you. It has nothing to do what are your origions.
I suppose they know how you think and your strength/weaknesses and they exploit it.
November 2, 2006 at 1:56 pm #67196
Sorry Claire didn’t see your question. The Brits are financial advisors who were/are offering their “services” on the coast and they (and some others) managed to “lose” some millions of euros of investors money. Many operate without licences. 👿
November 2, 2006 at 2:47 pm #67198
Thanks Katy. 🙂
November 2, 2006 at 3:49 pm #67200
Gwilymrj, is there an update on the Financial Advisers who were appearing in Court in April. Willem
November 6, 2006 at 3:07 pm #67260
In the criminal court case instigated by the Costa del Sol Action Group four IFAs from the Costas have now appeared in the criminal courts in Marbella & Benidorm to testify and be questioned. The case has been taken over by the Fiscal/Public Prosecutor. That case continues and as I understand it the miscreants condemned themselves from their own mouths even with their expensive ‘briefs’ in attendance.
Example: Do you sell investments? Answer: No.
Check that one out with the adverts in Sur in English & EWN. Apparently they are only giving advice. Check our web site for the Spanish law on the subject.
We now have another case accepted by the Fiscal that has been transferred from Marbella to the Benidorm criminal court.
It is not overstating the case to say that under the Spanish criminal code you are guilty until proven innocent. The very fact that the Fiscal has taken the case is a virtual presumption of guilt.
If anyone doubts that it was confirmed in an article I read a year or two ago written by a retiring British consul and he should know.
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