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Rescuing Clients from Property Debt Burdens in 2023

28 March 20243 min readby Tom Miskelly

Cyprus Property Debt Spain

Our promise to you

In the world of property debt and financial distress resolution, 2023 marked a significant year for EU Property Solutions. With a steadfast commitment to aiding clients facing overwhelming debt burdens, we achieved remarkable milestones and provided crucial assistance to those in need. Let us delve into the key statistics and success stories that defined EU Property Solutions’ impact in 2023.

A snapshot of 2023

In 2023, clients struggling with their foreign property debt turned to EU Property Solutions with a staggering combined debt exceeding €4,300,000. These individuals sought assistance in alleviating their financial strains and navigating the complexities of debt resolution.

Through diligent negotiations and strategic solutions, EU Property Solutions delivered astounding results, saving clients an impressive €3,400,000. This remarkable figure represents an average saving percentage of 79%, highlighting the effectiveness of using our services.

Among the notable achievements, EU Property Solutions secured a monumental saving of €1,150,000 for a client grappling with a €1,200,000 debt in Cyprus—an outstanding 96% debt write-off.

Behind the property debt arrears

A variety of factors contributed to our client’s financial predicaments. These ranged from the expiration of interest-only mortgage terms to unforeseen life events such as divorce or bereavement. The economic repercussions of the Covid-19 pandemic, including unemployment, further exacerbated these challenges.

EU Property Solutions addressed a spectrum of client needs. We assisted individuals unable to sell negative equity properties and resolved debts stemming from bankruptcy discrepancies. This comprehensive approach underscores our adaptability and commitment to alleviating our client’s foreign debt issues.

Significant savings across Europe

Our influence extended across borders, with significant savings achieved in key regions. In Spain, clients benefited from savings totalling nearly €1,650,000, resulting in a substantial 76% debt write-off. Similarly, in Cyprus, savings surpassed €1,700,000, equating to an impressive 86% reduction in debt burdens.

Once again, we demonstrated our expertise in negotiating huge debt reductions with financial institutions such as the Bank of Cyprus and Caixa Bank to underscore our commitment to fostering meaningful change. By tackling debt head-on, we not only achieve financial resolutions but also pave the way for brighter futures. 

On the huge savings we achieved for our clients last year our Managing Director James Bell commented “These remarkable achievements detailed in these figures from last year could only be attained through our strategic negotiations and unwavering dedication to saving our clients money. We have not only secured substantial savings for our clients but also provided them with financial freedom. The impressive debt reductions in Spain, Cyprus and beyond highlight our commitment to driving meaningful change and forging a brighter future for all our clients.”

Looking to the future

As we write this, 3 months into 2024, we are already looking towards the future with optimism and determination for every single person affected by foreign property debt. Our mission extends beyond debt resolution; it is about rebuilding lives, restoring hope, and empowering individuals to reclaim their futures.

If you or anyone you know is struggling with a foreign property issue, please do not hesitate to pick up the phone and schedule your free consultation today at 0330 124 1230. More information and testimonials can be found on our YouTube channel.

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