Buyer beware is still an apt warning when it comes to Spanish real estate. Despite the long promised legalisation of the illegal property built during the corruption-ridden years at Marbella town hall, potential buyers are still facing risks.
So far 18,000 properties, given planning permission during years of town hall back-handers, have been retrospectively, newly “legalised” and the innocent buyers – including many British families - no longer face the threat of demolition of their sunshine homes.
But there are other developments that have not been legalised that will be demolished. One of these is Banana Beach, but far from being blighted by this threat, apartments there are still being offered for sale by Spanish property websites at prices up to EUR 260,000. This has been exposed by The Guardian, who named the websites as www.propertyworld.com and www.esmoz.com and sure enough there are silky words to entice buyers.
The new Marbella regime has issued a list of the retrospective planning approvals that are now fully legal and responsible websites like www.propertyinspain.net have asked solicitors in Marbella to obtain and maintain the lists and check with other town halls for the latest positions on 100s of developments along the popular Costa del Sol.
“That way our buyers can see the legal paperwork for themselves before they commit to a purchase that may involve their life savings. In all cases we advise buyers to have their own Spanish solicitors, who can make the same checks independently.” said a spokesman.
The website is offering bargain resale properties from must sell owners and Spanish bank repossessions that are fully legal and come with generous mortgages and good key ready deals direct from developers operating on fully legal sites.
23 October 2009
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1 comment:
Good timely warning. Well done. The illegal problem is very damaging to our part of the world.
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