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Assisting Clients in Negative Equity & The New 90-Day Rule in Spain

1 May 20242 min readby Tom Miskelly

Negative Equity Spain

How EU Property Solutions Can Help You

The allure of owning a property abroad has enticed many, particularly in sunny destinations like Spain. However, a combination of factors, including the new 90-day rule and negative equity, has left some property owners feeling stranded. Amidst the frustrations and uncertainties, there is always a company out there (US!!!!) that offers tailored solutions for those facing the daunting prospect of having to shift an unaffordable property.

What is the 90-Day Rule?

The recent uproar over the new EU regulations limiting UK citizens to spending only 90 days at a stretch in Spain has shocked holidaymakers and property owners alike. For many, this spells the end of extended stays in their beloved holiday homes/holiday destinations. The once idyllic notion of leisurely months spent basking in the sun now feels like a distant memory, overshadowed by bureaucratic restrictions.

What else is happening in Spain?

Adding to the woes are the grievances of locals in the Canary Islands. They now feel overrun by the influx of tourists. Tensions between residents and foreign property owners have escalated, prompting some to consider cutting ties altogether.

For those grappling with negative equity, the situation becomes even more precarious. Selling a property under such circumstances seems like an insurmountable challenge, especially in a market plagued by uncertainty.

How can EU Property Solutions help?

We recognise the unique predicament faced by these homeowners and offer a lifeline in the form of expert advice and tailored strategies.

With over 20 years of experience in the field, we understand the intricacies of the Spanish property market like no other. Our team of specialists works tirelessly to explore viable options for clients trapped in negative equity. We offer bespoke solutions to navigate the complexities of removing a burdensome property in a challenging market environment.

One such solution is our expertise in negotiating debt with lenders. Thus, easing the financial burden for homeowners struggling to offload their properties. By leveraging our extensive network and expertise, EU Property Solutions facilitates seamless transactions, ensuring the best possible outcome for our clients.

Furthermore, our comprehensive understanding of legal and financial matters ensures that clients are well-informed every step of the way. From initial consultation to final settlement, EU Property Solutions provides unwavering support. We guide clients through this difficult process with professionalism and integrity.

If you are grappling with the fallout of the new 90-day rule and have a negative equity issue, please contact EU Property Solutions today on 0330 124 1230 or email [email protected]. We will provide you with expert guidance and unwavering commitment helping you navigate the challenges with confidence, knowing that a brighter financial future awaits.

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