If you’ve purchased, and paid a deposit, for a property in Spain prior to the COVID-19 lockdown, you may be worried about what happens next. Here are some ideas on how you might circumvent some of the cash-crunch issues that will most likely arise.
A Spanish legal ruling in 2015 means you can reclaim lost property payments in Spain from the bank. But don’t delay, in October 2020 the ability to reclaim will have passed. So ACT NOW in order to reclaim lost property payments in Spain.
Burnt By The Sun broadcast dates on RTE1 are March 30th and April 6th 2020. The programme examines the problems encountered by those who have purchased property overseas and discusses any potential remedies available to them, if any.
Figures for Irish Purchases of Spanish Property from 2006 to 2019 as compiled by ‘A Place in the Sun’ prior to its show at the RDS in September 2020 (postponed from March due to COVID-19). FREE TICKET link.
In September 2019 Andalusia Property Legalisation was introduced to clear the backlog of some 327,000 illegal properties dotted around the region. This is a piece from Ireland’s Business Post on the issues involved.
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