Spain is very much an unregulated market place and stealing clients moeny is the norm.
Businesses are closing by the minute over here so don’t let anyone hold your money or pay over any deposits whatsoever!
Count yourself luck it was not more.
case 1 – Buyer pays EUR700,000 deposit on land. Estate Agent runs off to Brazil.
case 2 – Buyer pays EUR300,000 deposit on EUR3m villa. Vendor pulls out and vendor’s “Reputable” Elivia conveyancing firm keeps deposit
I might add we were not involved in original transactions.