Property ‘scam’ in Spain’s Andalucia: HUNDREDS of buyers pay up to €55,000 each for homes that will NEVER be built

Property ‘scam’ in Spain’s Andalucia: HUNDREDS of buyers pay up to €55,000 each for homes that will NEVER be built
By Alex Trelinski

AROUND a thousand people have lost deposits of up to €55,000 for homes in Andalucia and Murcia that are unlikely to ever be built. The El Pais newspaper says that the Cordova-based promoter Grupo 21 marketed between 800 and 1,000 pre-sold apartments on land they never owned. Some properties were allegedly sold twice- attracting deposits […]

December 27, 2023 at 10:00PM
via Olive Press News Spain read more...