Spain pushes property sales – but rules out help for land-grab victims | Money | The Observer

Spain pushes property sales – but rules out help for land-grab victims | Money | The Observer

The Spanish government is ruling out help for thousands of Britons who have lost money – and sometimes their homes – despite promising to overhaul its house-buying process to avoid such problems in the future.

Beatriz Corredor, the Spanish housing minister, has visited Britain to launch what she calls a "roadshow" publicising "a wide range of real estate at more accessible prices than a few years ago". She has met British pension funds and other investors to encourage them to buy some of the country's 700,000 empty new homes. Some 61% of these are holiday properties on the coast which have remained unsold for up to four years.