Case Studies

EU Property Solutions tackle another problematic Cypriot property

By EU Property | March 14, 2018 | 0 Comments

A gentleman approached EU Property Solutions with a problematic Cypriot property. It was a typical mortgage sold in Cyprus during the boom and the currency was the ever problematic Swiss Francs. Swiss franc mortgages were sold based on the exchange rate at the time which included a variable interest rate. Major issues experienced by clients…

Problem property in Guadalupe Hills development

By EU Property | March 14, 2018 | 0 Comments

Two gentlemen approached EU Property Solutions with a problem property in the Guadalupe Hills development near La Duquesa. The property had a mortgage outstanding of €120,000 and a value of just €50,000. The main issue was the long-term tenant was leaving the property and given its value, the was becoming a significant headache. One gentleman…

Savings in excess of £50,000 on Spanish property

By EU Property | March 14, 2018 | 0 Comments

A gentleman from the Republic of Ireland had a mortgage on a Spanish property for €286,000. The lender in question is a Spanish bank. The property was located in La Linea very close to Gibraltar on the Costa Del Sol. The lender in question we know to be notoriously difficult to deal with, and unfortunately…

Interest-only stress on Valencia holiday home

By EU Property | December 21, 2017 | 0 Comments

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…

Portuguese property portfolio

By EU Property | December 21, 2017 | 0 Comments

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…

EU Property Solutions’ Inaugural Success in Cape Verde

By EU Property | December 20, 2017 | 0 Comments

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…

Portuguese Property Success

By EU Property | December 20, 2017 | 0 Comments

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…

EU Property Solutions On the Verge of Settling Two Large Cases for Deposits Lost to Unfinished Developments in Spain

By EU Property | November 27, 2017 | 0 Comments

  EU Property Solutions On the Verge of Settling Two Large Cases for Deposits Lost to Unfinished Developments in Spain Things may be looking up for the property market in Spain, with sales and prices set to grow rapidly in 2018, but some people with property abroad are still in a less than desirable situation…

Swiss Franc Mortgage on Paphos, Cyprus Property

By EU Property | October 9, 2017 | 0 Comments

  CaseStudy – Swiss Franc Mortgage on Paphos, Cyprus Property   The Problem: Our client purchased a property in Paphos, Cyprus over 10 years ago on what seemed to be an attractive Swiss Franc mortgage product. Since then, with an opening balance of over CHR 300,000, the debt had risen by CHR 50,000 due to…

Debt Write-Off- Caseras Del Sol, Spain

By EU Property | August 11, 2017 | 0 Comments

Debt Write-Off- Caseras Del Sol, Spain Case Study – Development – Caseras Del Sol, Spain Summary at a glance: Client – Mr L, UK Mortgage – 160,000 Euro Value -70,000 Euro Shortfall – 90,000 Euro Community Fees – 4,000 Euro IBI Taxes – 5,000 Euro The problem: Mr L Struggled to pay his mortgage on his property in Spain and owned…