
What Are Non-Performing Loans (NPLs)?
2 May 2023
If you’re wondering what an NPL actually is – then you’ve come to the right place. NPLs stand for non-performing loans. A standard loan becomes an NPL when borrowers stop...
Read Full Story12 December 2022 • 2 min read • by Tom Miskelly
For many years there has been a massive problem in Spain of squatters (or ‘okupas’ in Spanish) occupying empty properties. This is an issue across the country, especially in areas with high numbers of second homes. This is due to the low occupancy rates for most of the year. To make matters worse, laws in Spain largely favour squatters, and they actually enjoy political support in some areas.
It is estimated that over 100,000 homes in Spain are currently occupied by squatters. This number has been steadily rising for the past few years. So if you leave your second home unoccupied for long periods of time, watch out!
As mentioned above, squatters enjoy much more protection in Spain than in any other European country. Once they are settled in a property, it is nearly impossible to get them removed illegally.
The only other way to eliminate squatters is through ‘extra-judicial’ removal. I.e. hiring a group to remove them (often, these are associated with organised crime). Both of these options are incredibly expensive and stressful, so it is best to avoid this if possible.
There are several ways to ensure that you never have to deal with the stress that is caused by squatters. Some of these include:
Although we can’t drag the squatters out ourselves, we can help. If you need help getting rid of a property or, are struggling with any property debt issues, contact us today. You can call us on 0330 159 5820 or email [email protected]
2 May 2023
If you’re wondering what an NPL actually is – then you’ve come to the right place. NPLs stand for non-performing loans. A standard loan becomes an NPL when borrowers stop...
Read Full Story26 April 2023
Here at EU Property Solutions, we have received an influx of enquiries from ‘previous’ foreign property owners who have been sent a foreign letter from a fund called Axactor. They...
Read Full Story21 February 2023
We strongly value our clients’ feedback on their experience with EU Property Solutions. We asked a recent client a few questions to help you understand their journey in battling a...
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