Spanish Property – off-plan property lost deposits

Did you lose your deposit when buying a property off-plan in Spain?

• Did your builder or developer go bankrupt during the Spanish Property crash?

• Were you left with an unfinished property?

• Did you lose your deposits and stage payments?

We can help you get your money back!

The Law

Spanish law states builders and developers receiving deposits had to put the money in a separate account and provide a bank guarantee.

This would ensure money was returned if the developer failed to finish building a property.

However, this law was not always observed and when the property crash hit in 2008, developers had not set aside enough cash to repay customers.

Supreme court ruling

On 21 December 2015, the Spanish Supreme court issued a landmark judgment that the property developer’s bank is responsible for missing money deposited in their accounts.

These cases are complex and you can only submit a claim through the courts once.

If you’ve lost money on an off-plan property we can help you make a case against the developer’s bank

We are an experienced solicitor firm who can handle your case in the Spanish courts, and will take care of everything for you on a no win, no fee basis; helping you take action against the bank involved to get all of your money back - with interest on top.