The Costa dream turned sour and homebuyers are estimated to have lost £5.3bn – now Spanish banks are finally paying outAfter years of legal wrangling and setbacks, British homebuyers who were caught cold by the Spanish property market crash are finally beginning to recoup the millions they paid for holiday homes that were never built.A ruling in Spain’s supreme court in December 2015 opened the way for an estimated 130,000 Britons to claim directly from the banks rather than property developers, who promptly declared themselves bankrupt. Continue reading…
Source : theguardian.com
Read more…Compensation at last for Britons burned by Spain’s property crash
