Archive for December 2017

We look back on 2017!

When 2017 began, our Deposit Reclaim service ignited. We are on the verge of settling a few cases in which our team has intensely negotiated. We have had strong movements within these cases ensuring that our clients can receive back their lost deposits on unfinished homes or developments in Spain. In 2018 we are driving…

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Interest-only stress on Valencia holiday home

An elderly couple purchased a property North of Valencia, with the intent to rent out the property, but also utilising it as a holiday home. They borrowed €180,000 on an initial 10 year interest only period. Unfortunately, following the collapse of the Spanish property market the value of the property plummeted to just €90,000. This…

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Portuguese property portfolio

A gentleman contacted us regarding a non-performing portfolio of overseas properties. Our client found himself in financial difficulty due to an unforeseen change in personal circumstances and required assistance. EU Property Solutions were appointed and successfully negotiated the voluntary surrender and debt write off with a core Portuguese Bank. The savings, in this case, have…

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EU Property Solutions’ Inaugural Success in Cape Verde

A couple from Northern Ireland purchased their dream home on the beautiful island of Cape Verde in 2008. The property was located in the Vila Verde complex on the Sal Island. Whilst initially the investment proved fruitful and proved to be an excellent holiday home, the couple soon found themselves in difficulty due to negative…

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Portuguese Property Success

Portuguese Property Success Three gentlemen from the Republic of Ireland contacted EU Property Solutions regarding a troublesome property in Albufeira, Portugal. The property was in negative equity and was becoming a burden. This resulted in arrears of over €26,000 and negative equity in the region of €60,000. All three parties had significant assets and good…

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How to overcome the loss of your holiday home

How to overcome the loss of your holiday home When you are forced to sell your home abroad, it can feel like letting go of a dream, and moving back home can be a challenge.While it’s easy to bury your head in the sand, it’s important to try and remain positive, so check out our…

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A buyer’s guide: Purchasing property abroad

Despite their being levels of uncertainty in the property markets abroad, it seems that people are still keen to make their dreams of living in sunnier countries a reality, with popular spots like Spain and France seeing growth in both sales and prices. When you buy a property abroad, you need to remember that it…

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