Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Luxury golf resort becomes social housing project › Re: Re: Luxury golf resort becomes social housing project
Mark wrote a piece about this golf resort back in 2010. The British buyers were suing the developer alleging breach of contract.
I guess it’s still going through the courts knowing the speed of Spanish justice if there is such a thing.
Any updates please Mark?
I’m told you can buy an apartment there now for €30k. Hardly surprising given this latest news.
This project in Corvera, Murcia is only the tip of an iceberg. Read this link which allows you to download a pdf file which lists all the social housing projects created from repossessed property currently available in Spain. This is a serious development for any prospective buyer investing in Spanish property. You cannot guarantee the development you buy into now will not become a future social council estate with all the negativity that brings.