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I am positive about the property Spanish market. I believe it's still a good one for investors and people who want to have a place in Spain. The good point of the current crisis is that prices still have a way to drop. Probably we will see better opportunities for everybody.

Spanish property nightmare: Lessons from the British expats
Friday, September 10, 2010 @ 1:57 PM

British communities in Spain that have been a victim of property fraud and planning abuse in the last decade are receiving signs of hope in order to regulate the situation of their house.

According to the local newspaper “La Voz de Almeria”, local authorities in the Almerian Almanzora Valley are seriously reconsidering an “amnesty” for most of the 11,000 houses that are categorized as “illegal”. As a first stage, the authorities are auditing all the illegal houses.

The following are basic points to understand what went wrong in Almeria and some general advice if you want to develop a house on a plot. If you want to develop or buy in Spain, we strongly encourage you to get proper legal advice for your specific case.

Please click the link to read the basic point and the full article. Thanks



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