When the housing bubble in Spain burst a few years ago, many international investors were left significantly out of pocket.
These were large institutional investors, these were Northern Europeans, regular working people, that had invested life savings into buying their dream homes, off plan in Spain
Whens some ofthese homes were never finished, as developers went bust, it looked like many would never see their money again.
Yet Keith Rule, a Brit who had paid over 45,000 pounds deposit for a luxury home that was never completed, wanted to fight to get his money back.
He helped identify an old law that helped hold the banks responsible for their role in the deal and he was eventually successful in getting his money, and that of 46 other buyers.
You can search online for the story for more information.
If you have paid a deposit for a property that was never delivered, contact De Cotta Law from a private consultation.