- This topic has 15 replies, 7 voices, and was last updated 14 years, 10 months ago by
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http://www.bbc.co.uk/iplayer/episode/b00njwd7/Repossessions_in_the_Sun/
Informative programme. re.land grab etc. Only spoilt by a guy named Snelling who puts 50% blame on the british.
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charlie and katy, if that figure of unsolds is correct, ie 3 million, then Spain’s property woes will not improve for years and years and is the primary reason why I think Chris Mac is wrong with his forecast for Spain.
Then of course there’s all the other factors like: property scams, poor build, overdevelopment, non regulation, 5 year Court cases etc etc
Not forgetting the poor exchange rate for Brits now 😉
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angie
I think you are on the right lines. Everyone knows that Spain will always be a popular holiday destination, but there seems to be much denial about the time it will take to sort out the current property mess, and even who’s to blame for it?. Until those in power can face up to the corruption that’s lead to the mess and do something positive, then it’s hard to see a light at the end of the tunnel that alone recovery!
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@charlie wrote:
Staggering figures mentioned.
1 million unsold new properties and 2 million unsold resales.Well you would think I could find a decent one with that lot.
Not happened yet. -
I don’t know where they get the 2 million resale figure from – no source is mentioned.
On the corruption front we have to give Spain credit for the fact that it is dealing with it, which is more than can be said for Bulgaria et all, or even Italy. The press here is full of stories of police operations against town hall corruption (almost always property related), the latest being El Ejido and Santa Colma de Gramanet. Mayors and developers are arrested, thrown in jail, and prosecuted. It is sending a strong message.
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mark
yes it’s good to see something being done at last, but it all seems a bit to little to late for many people (that alone Spain’s coastline) Far to many are victims of corruption during the past decade, and have not been compensated. Much of the corruption is down to government lack of regulation yet who’s mostly paid the price?, the poor sod’s who have just followed the rules. The justice system often adds insult to injury through unnaceptable delays and appeals that should never be allowed when dealing with very well known crooks.
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@mark wrote:
Mayors and developers are arrested, thrown in jail, and prosecuted…
Just wish they’d keep them in there. When the Malaya case broke in 2006 many of the developers we are still battling with were arrested, charged, but out on bail a few nights later. They still haven’t had their criminal hearings, which are scheduled for March 2010 appx – four years later.
During which time, of those who haven’t gone bankcrupt, many have hidden their money, continue to postpone hearings & are allowed to appeal cases which are directly related to their criminal charges years ago. And their victims can do little else than wait & pay continuing legal fees in an effort to reach justice. And when they do finally ‘win’, with no more opportunities for the developer to appeal, they still have an ongoing battle to get justice – whatever the ‘law’ has ruled for them. 😡
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Suzanne
exactly my situation.
(for those who don’t know) The courts accepted my case in April 2007, the developer didn’t go in to administration until July 2009, and when did I get sentence passed in my favour? September 2009!!!!!
We now just have two small chances of getting something. (who knows when) 1- if the developer somehow manages to come out of administration or 2- if we get something as creditors?, and this is after a 7 year fight in a very black and white case of the developer being in the wrong.
There is no excuse for this length of delay that has robbed me of ‘real’ justice as it has many others. My case is just one of many, in many different areas of justice, and until those cheated are compensated by those responsible, then Spain will continue to look very unjust.
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And the high-profilers like Rocca are allowed home at weekends and negotiate film rights. 😆
According to Daniel Montero in a book he’s just written, over the past three years 18 Mayors have been arrested for bribery, misuse of public funds, perversion of the course of justice, money laundering or influence peddling. Out of 8,112 Mayors I suppose that’s not too bad…..
And as for Zapatero, he is “the only EU Prime Minister who charges his holidays to the public purse”.
The book gives some interesting facts/figures for anyone interested: http://www.typicallyspanish.com/news/publish/article_23739.shtml
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Hopefully, Mr Montero has noted in his book that all these 18 mayors come from the Malaga province (of which there are 29 mayors I believe); Marbella, Alhaurin el Grande, Estepona, Manilva, Gaucin, Competa, Tolox & Ojen, Ronda, La Vinuela, Sayalonga.
Highlighted part of Our Petition to the EU:
http://www.spanishpropertyscandalpetition.co.uk/4.html -
The petition mentions
“….continuing legal fees; whether this be for appeal cases during litigation against developers, or fees for ‘regularizing’ their homes in Spain, homes that they were assured of at the time of purchase, by their own lawyers, were fully legal”.We also shouldn’t forget the assurances purchasers received from the town halls themselves.
This is shown in Mark’s article a few months ago re. Trampolin Hills.The article was about a purchaser who finally managed to receive his money back through the courts, and said he was
“careful about his choice of development, and even went as far as to talk to the local planning office in the town hall about Trampolin Hills.
He was told that the town hall was fully behind the development. It has since emerged that Trampolin Hills is plagued with planning irregularities”.To those members here who often post “it’s your fault you got conned, you didn’t do your research properly”, please note. In Spain you can research until you’re blue in the face but with crooked town halls giving c*** information, brown envelopes making mattresses bumpy, and to top it all new laws being applied retrospectively, buying in Spain can be a lottery.
Bent lawyers and EA’s are almost just a supporting act.Suzanne – having not seen the petition for quite some time, I have to say I’m very impressed by how professional it looks onscreen. Great job.
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Im sure there must be someone somewhere that hasnt yet heard
@goodstich44 wrote:Suzanne
exactly my situation.
(for those who don’t know) The courts accepted my case in April 2007, the developer didn’t go in to administration until July 2009, and when did I get sentence passed in my favour? September 2009!!!!!
We now just have two small chances of getting something. (who knows when) 1- if the developer somehow manages to come out of administration or 2- if we get something as creditors?, and this is after a 7 year fight in a very black and white case of the developer being in the wrong.
There is no excuse for this length of delay that has robbed me of ‘real’ justice as it has many others. My case is just one of many, in many different areas of justice, and until those cheated are compensated by those responsible, then Spain will continue to look very unjust.
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Listening to the Radio 4 programme sounds a bit of a nightmare for Spain and retired Brits.
What was particularly interesting was the commentary on ‘how the crooked agents dupe people into buying by showing them ‘off-puts’ first on a Friday afternoon before showing an affordable property, but sign here this afternoon, we have a lawyer ready’ then catch your flight by which time it’s often too late to withdraw, typical Agent scam in Spain.
The programme then fingered the involvement with leading UK property agents who generated business for the crooked agents in Spain. I did point out to Your Move once the Press coverage of Ocean Estates’ mis-selling and Your Move to their credit dropped them immediately.
Spain is still not doing enough to regulate this industry nor speed their Court procedure.
It was also said how much Spain’s tourism industry has fallen this year alone, further adding to it’s economic woes. A tourism crash!
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