EU Property Solutions consistently have enquiries from clients with horror stories about lost deposits paid on developing dream homes in Spain that never materialised.
An area of major concern has been the Costa Del Sol, where during the property boom between 2004-2007 off plan developments were abundant.
HAVE YOU BEEN AFFECTED?
If you lost money on an off-plan development, then we can help you!
A Supreme Court ruling in 2015 has stated Banks have to pay investors back the deposits they put down on homes sold off-plan. This is because by Spanish Law 57/ 1968 (Consumer protection law) when off-plan deposits were paid into the builder or promoters’ banks, they should have been placed on a separate account and a bank guarantee issued by the developer to the buyer, backed by the funds in that account.
EU Property Solutions currently have over €5,000,000 of Spanish Deposit Reclaims in court on behalf of our clients who lost their deposits on many developments across Spain.
The developments below is just some of the areas in which we are reclaiming deposits:
- Aldea Beach, Duquesa
- Calanova Palm Golf, La Cala
- Las Palmeras., Calahonda
- Peninsula, Atarfe
- Trampolin Hills, Campos De Rio
- Urbasa, Guardamar del Segura
- Vindos del Mar, Manilva
- Gardens of Manilva, Manilva
- Estepona Beach & Country Club, Estepona
Did you invest in a property on any of these developments? Our team have had successes on reclaiming deposits even before the official Supreme Court Ruling. Call us today on +44 330 124 1230to see how we can help you.
Each lost deposit case is unique and comes with its own challenges but we at EU property solutions can guide you through the process.
The conditions that need to be met are:
- the property was unfinished,
- there is a time limitation period of 15 years,
- you must have the original paperwork.
HOW MUCH COULD YOU BE ENTITLED TO?
Depending on the amount you put down as a deposit, you could see a bigger return.
See below a representative example of your potential reclaim.
Amount Paid: €100,000.00
Possible Refund: €140,934.57*
*Based on representative date 01/04/2004 including our fee upon success
EU Property Solutions’ approach is to work closely with our expert legal team in Spain at every step of your case. We have multilingual strategists that can effectively communicate with the relevant parties to achieve our desired outcome.
From the outset, we are clear and advise our clients of the approximate time scale their case may take. Throughout this process, we keep our clients informed of the progress and developments of their case and answer any queries they may have.
Let us know if we can help you. Have you, or a family member lost a deposit on an off-plan development? Did you lose a deposit on one of the above properties?
If so, we may be able to help you to recover this in full, providing you have the original documentation.
If you find yourself in this situation, do not delay and contact us today on +44 330 124 1230, where one of our specialized agents will be able to assess your circumstances.
Let us help you claim back what is rightfully yours.