Petitions Committee, discussion on Spanish Property

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8 Responses to Petitions Committee, discussion on Spanish Property

  1. swbk2345 says:

    Good on you Roger. You really are one of the good guys!

  2. Charles Soto says:

    We truly apreciate your interest, we are affected by the Spanish Coastal Law and we are desesperate. We have lost our legally build house and had been anounced the demolition in a near future.

  3. FaustiesBlog says:

    Well done, Mr Helmer.

    Any chance of your posting the video of the petitioner, please?

  4. Keith says:

    Sr. José Blanco the Spanish Development Minister (El Ministro de Fomento) has announced that the Spanish Government Official Property ‘Road Show’ will commence in London on 4 May 2011.

    In the official press release issued on 14 April 2011 in Madrid by the Ministerio de Fomento Sr. Blanco said:

    “The Road Show will highlight the strengths of our economy, transparency and legal certainty of our planning legislation.

    It is a good time to carry out this pioneering initiative because the markets that have the potential to invest in second homes are recovering and we must revive the holiday housing market ‘to speed up the digestion of stock’

    In selecting the countries to be visited in this first round of Road Shows we have taken into account variables such as the volume of house purchases in Spain that its citizens have made in recent years, its investment in general in our country, the situation of their respective economies and the potential for increased investment in our second homes market.

    The United Kingdom is the first international destination for this first round of Road Shows because, according to the latest data available, its citizens and investors in 2009 accounted for 31.5% of foreign buyers of property in Spain.

    In subsequent weeks we will also visit France, Germany, Holland and Sweden. In addition we will visit also Russia.

    The Road Show is designed in two phases: in the first phase the Ministry of Development will transmit confidence to large investors and brokers, offering all the information regarding our market, ongoing policy reforms and greater transparency regarding the evolution of prices and stock. Subsequently we will develop a second phase, open to private sector participation, with a selection of real estate products that meet minimum standards of legality, planning and quality through an evaluation process in which agents and companies interested in participating in this round may voluntarily submit their properties and products”.

    Speaking to Onda Cero radio station Sr. Blanco defended the need for the Road Show by stating that “The fact is that there is a ‘stock’ of residential housing and it is necessary to speed up sales because it is weighing heavily on the sector financially”.

    He said “It seems that I have become a real estate agent but my role is to ensure greater legal certainty to potential investors following many campaigns against the Spanish property sector”

    ****************************************************************

    Is Sr. Blanco really serious? “highlight the strengths of our economy, transparency and legal certainty of our planning legislation”

    This is an insult to all those of us who stand to lose so much due to the corruption and negligence in the Spanish Property Sector. The Spanish Property Sector certainly does not have any transparency or legal certainty!!

    Sr. Blanco said “It seems that I have become a real estate agent but my role is to ensure greater legal certainty to potential investors following many campaigns against the Spanish property sector”

    Does Sr. Blanco not think that those campaigns against the Spanish property sector are fully justified? What has Sr. Blanco and the Spanish Government done to address those campaigns? Nothing! It is an embarrassment to the country of Spain.

    It seems Sr. Blanco is trying to blame the campaigns for the lack of legal certainty in the Spanish Property Sector!! Just like the rest of them he is passing the buck. These are the actions and words of a desperate man hoping that a miracle will happen and that all the campaigners will just ‘go away’.

    Sr. Zapatero is leading a weak government who is failing to tackle the problems. Instead they are trying to ignore the victims and move forward with a Road Show to promote transparency and legal certainty which are elements of the Spanish Property Sector that simply do not exist. On 6 July 2010 Sr. Zapatero said in the European Parliament “We stand shoulder to shoulder with those people, who maybe have had the wool pulled over their eyes in the property sector”. More empty words I am afraid.

    In February 2011, when previewing the upcoming Road Shows the Spanish Housing Minister, Sra. Beatriz Corredor Sierra said: “Come here calmly and trust in the system that we have and the transparency we provide”

    Sr. Blanco and Sra. Corredor need to understand that for thousands of victims of the Spanish Property Sector there was and still is no ‘transparency or legal certainty’.

    Despite many empty words by Spanish Government officials there still remains little evidence of any ‘ongoing policy reforms’.

    Lawyers and Banks have been negligent, the court system is overloaded, judges are inconsistent and real justice is still an expensive dream for many victims.

    There remains a basic lack of understanding of LEY 57/68 (the law relating to Bank Guarantees) and in many cases the law is not applied properly.

    The Supervisor of the Spanish Banking System – the Banco de España is totally ineffective and has no real power. The result is that the Banks have been allowed to ignore their obligations according to LEY 57/68 and work together with the corrupt developers to blatantly steal purchaser’s off-plan deposit funds.

    It is a serious mess and Sr. Blanco and the Spanish Government have NOTHING to put on a show about. Before making more empty promises and embarking on a Road Show designed to entice other unsuspecting ‘victims’ into the shambles that is the Spanish Property Sector Sr. Blanco must, together with his government colleagues, rectify the serious injustices that have taken place over the past decade in their country.

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