Buyers who purchased a property off plan in spain and lost money when the developers went bust may now qualify for a refund
You had always dreamed of owning a place in the sun. It almost became a reality. That trip will always be one to remember. You fell in love with the little fishing village on the coast and the development being built on the cliff was what your dreams were made of. The views would be spectacular. You didn´t take much convincing. You had a lump sum to invest and you didn´t hold back – that was what it was there for after all. The family all agreed – what could be better than to invest in one´s dreams? Until it all went wrong…the dream shattered by the development company going bust during the recession. Your deposit all but lost…or so you thought…
In 2015 the Spanish Supreme Court ruled that banks must refund the deposits placed by investors on off plan properties where the developer went out of business.
If you think you are entitled to a refund, contact Corral & Alcaraz. You will need to take the majority of banks to court in order to recover your deposit.