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Greater legal protection for buyers of Spanish property

Source: Telegraph - Mon 4th Jul 2011

The European Land registry Association has created a scheme to address the problems encountered by many expats concerning the legality of property that they purchase in Spain.

The scheme has been funded by the EU, and has been praised by Diana Wallis, the Vice President of the EU Parliament, in allowing the purchase procedure to be undertaken in the buyer's home country, and therefore bound by the protective property laws in place there.

A representative of ELRA commented: "The fact that the deed is processed in the buyer's own language by a conveyancer from their own country, [means] they get the feeling that they are better legally protected and will be less reluctant to buy real estate in foreign countries where the real estate market has collapsed."

The scheme is expected to be well received by potential buyers of Spanish property, who may have shied away from investing here in the past due to the country's poor reputation over issues surrounding the legality of properties.

Comment on this Story

 
Dear Sirs; I have bought a property in Barcelona, in May 2014 with the purpose of achieving a retirement income. After refurbishing the property, and placing it in te market, it was found to be unfit for living due to flooding and humidity issues. As a result I filed a court case in November 2014 requesting the annulment of the sale, which I partially won, because the defects were recognized, and the court mandated that the sale be reverted, but did not recognize me legal costs or costs such as utility, refurbishment & administration. I am now in the process of trying to recover the money, but the process is continuously stalled by the court (jurisdiction being the village where the sellers live), and so far all that I have being granted is the ability to recover 182 EUR/month which is obviously less than any interest on the money (and without interests it would take 36 years to recover the money). Do you have any suggestion of an ombudsman or how to make public this case? Best Reg
Horacio Rossi - Sat, 11th Jun 2016

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