Spain property warning: One month left to claim for lost deposits in Spanish homes scandal

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Keith Rule from CostaLuz lawyers said: “In many cases, buyers are nervous about ‘throwing good money after bad,’ but we’ve proven time and again that legal action is the only way to win back not just the buyer’s original deposit, but costs and interest as well.

“Any buyers who don’t take action at this stage are effectively saying goodbye to tens of thousands of pounds – and sometimes more – forever.”

Spain’s housing market is estimated to be worth around $6trillion.

Economists were concerned over the summer that the property market could be heading towards another crash due to the coronavirus pandemic, according to Bloomberg.

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