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Expats will be repaid for unfinished homes

A JUDGE has ruled that British expats must each receive compensation of up to €150,000 by developers, for homes that were never completed.

The Almeria judge gave two administrators of the New Medina Villas SL company six months to demolish the 111 unfinished buildings in Zurgena.

It must also repay some €650,662 to the foreign citizens, mostly British, who had invested in the properties. The administrators, who were given 10 days to make the payments, will have to prove to the court that they had done so.

The individual sums range from €73,830 to €151,030, and Judge Marta Ines Sierra also gave them six months to begin the demolition.

The company must also cease trading, while the developers are banned from working in any industry related to real-estate development.

Some 14 foreigners, mostly Brits, brought the case to court privately, demanding the return of the money they paid for the homes, and the expenses caused by their seizure.

Th action came after the works were paralysed by a court order in January 2005, for being on illegal land.

The homes were never “finished or occupied, and by 13th September 2018, were still in a state of abandonment”.

 

Short URL: http://www.canarianweekly.com/?p=50170

Posted by on Sep 26 2019. Filed under Local News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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