Spain’s attempt to seduce buyers back into its property market is on collision course to meet a storm of protest from angry victims.
Thousands of Spanish property owners have suffered under property abuses and are once again mobilising to fight the Spanish government’s charm offensive.
The International Road Show was launched earlier this month in Germany and is scheduled to land in the UK in the middle of October. The show aims to reduce the stock of 700,000 unsold Spanish homes. Spanish Housing Minister Beatriz Corredor will attend. Earlier this year she invited investment in Spain, saying: “Come here calmly and trust in the system we have and the transparency we provide.” Development Minister Jose Blanco has boasted the time is right for buying Spanish property because of the bargains on offer. He said the road show highlighted “the strengths of our economy, transparency, and legal certainty of our planning legislation.”
But groups campaigning for justice for people who bought property in good faith and have suffered a range of high profile problems are ready for action – supported by a number of British politicians. They want to combat the “squeaky clean” image given to the property market and are demanding the Spanish government should first “sort out the mess back at home”.
Plans for an alternative road show to help those affected by “property chaos” are already being finalised.