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I suppose everyone watched the hour-long programme dedicated to the woes of the Spanish property market, broadcast last night on ITV.
“Paradise Lost” took a long look at several buyers who had all encountered terrible hardship after buying their dream home in Spain. Let´s look at the cases that were featured:
- a middle aged gentleman who had bought an overpriced 2 bed apartment in an undeveloped area of the Costa del Sol during the height of the property boom. He had paid €250,000 euros, and he couldn´t sell the thing at €180,000 at auction.
- A British couple who had bought a villa in Marbella and had been forced to move out as they were unable to afford the mortgage repayments.
- 2 buyers who purchased on a decidedly dodgy development on the Costa Blanca Continue reading »
