April 25, 2005 at 3:12 pm #51066
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.
April 26, 2005 at 9:06 am #58188
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’?
April 27, 2005 at 12:41 pm #58192
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.
May 22, 2009 at 11:30 am #92281
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…
May 22, 2009 at 4:05 pm #92284
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!! 😆
May 22, 2009 at 4:25 pm #92285
I followed you too Inez…had a hot afternoon on the beach though 😆
May 23, 2009 at 3:50 pm #92296
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)
May 23, 2009 at 4:01 pm #92297
I am going to the UK for a wedding too, leave tomorrow but wedding next week. Marbella’s going to miss us 😆
May 24, 2009 at 12:47 pm #92301
Crikey – Is it the same one?? Im up in Peterborough for the 6th. Hubbys goddaughter.
Marbella will be very quiet for those days. 😆
The forum ‘Real Estate Topics, News & Discussion’ is closed to new topics and replies.