Concerns regarding black market in Spanish homes

[Nicholas Wallwork]

As we have mentioned on numerous occasions, Spanish banks have been left with an array of troubled property loans after many mortgage holders defaulted on their payments and effectively gave up their properties. There are literally thousands of empty homes across Spain although there is a worrying trend in black market trade in Spanish homes. [...]

Click to Read The Full Story and Add your Own Comments to Concerns regarding black market in Spanish homes

 

[totallyproperty]

While there are rumours that many Spanish banks are looking to offload their property assets although the emergence of a so-called "black market" is a worrying development.

 

[DanielP]

Hi

There always has been black market in Spain, it is a very common practice from dodgy estate agents.

 

[alexTenerife]

Hi

There always has been black market in Spain, it is a very common practice from dodgy estate agents.

Not only estate agents but banks as well

 

[MaxMarbella]

I don´t think this is anything new. If you want to avoid this kind of thing. Make sure you use a lawyer when buying to make sure you are not buying one of the ´black market´ properties. also if you are wanting to rent out then be sure to be selective about who you rent to. be sure to buy in a good area where you are comfortable leaving your property empty if you wont be there all the time. Or find someone that you can leave a key with so they can go check on it every so often.