Thursday October 29, 2020

Spain set to block claims by Irish for unfinished properties

Spanish authorities are about to cut off claims for holiday properties under a law that allows claimants to seek refunds from financial institutions rather than developers no longer in business

27th September, 2020
The unfinished Fortuna Hills golf resort in Murcia in Spain: investors paid deposits totalling around €2 million and have had some success in claiming compensation

Time is running out for Irish holiday homebuyers seeking compensation for properties in Spain and Morocco that were never completed: Spanish authorities are set to stop accepting claims by the end of the year in a move that also applies to buyers from other countries.

“In December 2020, the ability to take cases will cease completely,” said Diarmaid Condon, a property consultant and journalist who advises on cases for Irish buyers. “Essentially this means it...

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