Covid 19 Spanish property opportunity or threat?
We are in unprecedented times with Covid 19 creating havoc across the world and especially in Europe.
It is a Health and Economic Emergency with thousands tragically losing their lives and millions losing their livelihoods. Undoubtedly property markets suffer in periods of uncertainty.
Spain is at the centre of the European battle and property owners in the country face the following problems:
1. There will be no sales of property in the next say 6 months - minimum.
2. Even after that we will see people’s inability to sell their property with overhanging economic threat. The market was trying to recover before Covid 19.
3. No or reduced holiday rental income due this year, will be received.
4. Long-term tenancies are at risk with the huge redundancies that will follow in Spain and across Europe.
5. There is no Spanish Government assistance for overseas borrowers who own second homes.
6. Property value will undoubtedly decline again. Negative equity will increase.
EU Property Solutions and our legal associates continue to operate in Spain under Government guidelines to progress cases with lenders and sign Settlements with Notaries. We have achieved two settlements this week.
If your property was a burden before Covid-19, or is now, it is time to RESPOND.
The EU Property Solutions have options and plans for every eventuality, ensuring we protect you, your income, your home, pensions and other assets – from any potential or ensuing legal threat.
WE HAVE THE SOLUTIONS TO DEAL WITH SPANISH PROPERTY DEBT ISSUES.
Call us NOW on 0330 124 1230.
