Posts Tagged ‘spanish property’

THE DEADLINE LOOMS – RECLAIM ON UNFINISHED SPANISH DEVELOPMENT

It may appear we are ‘raking over old coals’, but never has this subject of Unfinished Developments in Spain been more relevant especially now as the deadline for submitting claims is rapidly approaching. There are many horror stories of people committing to buying off plan Spanish developments. Fast forward, these developments now remain, too unprofitable…

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SUMMER IS CANCELLED…CAN YOU SURVIVE?

We are fast approaching peak holiday season and with School Summer Holidays close by, overseas property investors can expect to cash in on excellent rentals during this period. But are you ready for when the holiday season ends? It can be easy for your mortgage to become unaffordable when rentals die down after the summer…

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Handing back the keys – am I still liable?

Many owners of negative equity or unaffordable property in Spain who contact us advise that they simply handed back the keys to their overseas lender and walked away after the market collapsed. A significant majority believe this ended their overseas property ownership and debt – this is incorrect. As wronged as many feel they have…

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Full Mortgage Write Off in San Luis Sabinillas, Malaga

A retired couple from Nottinghamshire approached us with their holiday apartment in San Luis Sabinillas, near Duquesa on the Costa del Sol. They had a mortgage outstanding of €170,000, with the property being valued at €159,000. The monthly cost was €90 – but the issue here was this product was sold on an interest only…

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Negative Equity: Are You Feeling The Heat?

  EU Property Solutions are aware of many developments on the Costa Del Sol that are in Negative Equity or have issues in regard to selling property. The Spanish property market suffered severely following the global financial crisis of 2008 with property values dropping significantly. This has become a major issue for foreign investors who…

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Spanish Negative Equity Solution – The Process

From our experience every case regarding Spanish negative equity is different. Everyone’s circumstances differ, and no case is identical in what we do. Nonetheless, there is a process EU Property Solutions follow to ensure we can deliver the best service and most importantly best result for our clients. Below is EU Property Solutions step by…

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