Millions of people fell victim to the recession that seemingly hit every corner of the world. However one of the most prominent economic collapses was that of Spain. Resulting in millions of people losing money – as well as their homes – the Spanish recession hit lots of Brits hard. And although the country is slowly recovering, the implications of the recession can still be felt. Now, European property experts, EU Property Solutions, are offering those who find themselves ‘trapped in the sun’ due to negative equity a way out.
EU Property Solutions helps individuals, couples and families get on with their lives by offering the best possible advice and guidance when negative equity becomes a problem.
James Bell, Director of EU Property Solutions, says, “Spain’s economic troubles have had a serious effect on homeowners abroad. Those who thought they were going on to better things have actually found themselves in unprecedented situation that they are struggling to find a way out of. The EU Property team is made up of local property market experts. We use our on the ground experience in Spain and up to date knowledge to advise our customers on the best course of action, then guide them through the process to minimise stress and upset.”
According to the BBC, there are approximately 761,000 British residents in Spain, with many more owning holiday homes around the country. Once a glorious escape to the stresses of British life, a portion of those with places in the sun are now finding themselves trapped with seemingly no way out.
On hand to offer professional assistance and advice in all areas of European property, EU Property Solutions can help at any stage of the property cycle. Services include help with purchasing and obtaining finance, selling properties that may be difficult to move for a multitude of reasons, negotiating with large debts, advice on legal issues and repossessions and guidance on dealing with mortgage arrears across Europe.