The first of the 18 couples to break out of the Almanzora Country Club clutching their long lost EUR 50,0000 deposits, wasted no time in finding a safer place to buy in Spain.
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With the market floundering, the foreclosure rate in Spain has more than doubled in recent years, according to industry estimates.
Spanish bank repossessions are increasing and there are more bargains for savvy buyers of property in Spain.
The first of hundreds of buyers who have been "locked-in" to the ill fated Almanzora Country Club in Spain's Almeria for four years are leaving the club...
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Hundreds of international buyers have had million of euros lost in a planning scam involving Alamanzora Country Club, Almeria, Spain - after four years of the dream that became a nightmare, 18 lucky families have finally got their deposits back...
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Leaving the Almanzora Country Club....