Reply To: Spanish Negative Equity – The Easy Way

Fuengi (Andrew)

@Claire wrote:

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.

I beleive the case regarding the previous Marbella GIL government and their break with the original Marbella PGOU plan had been an issue for about 10 years. Unfortunately as a mentioned above spanish courts are in need of a revamp. Also this not be easily fixed due to the nature of spain decentralised government.

in 2001 i was living near marbella and the knowledge about the corruption seemed pretty well known by the average person.