Reply To: Spanish Negative Equity – The Easy Way

#87771
Anonymous
Participant

Mary Hinge wrote:

The fact is and as Frank has highlighted and i’m sure in many ways as Goodstich has realised is buying offplan in Spain, in fact any foreign country is concerned is highly risky.

In these times, with the current climate, even more risky.

When massive (ish) sums of money are involved people will get greedy and rip you off, especially in ‘offplan buy a picture and look at the hole in the ground’ world.

To those who think it won’t happen or someone will protect you, go home put your money in a (safe) bank account watch tv for next umpeenth years and forget about buying property as its not for you

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Hindsight is a wonderful thing. WHO in 2003 knew of the corruption…apart from REAs, developers, lawyers?
Agree, anybody buying off-plan in the last 24 months IS stupid..or ignorant.