“While real estate fraud exists everywhere, it’s especially pervasive in Spain, where in the 1990s and early 2000s, developers bought property that government officials illegally rezoned for residential development in exchange for hefty bribes.  No one seemed to care in those boom times, and developers sold homes to expats as fast as they could build them. But today, there are more than 1 million ‘illegal’ properties in Spain owned by around 800,000 expats. And Spanish authorities have vowed to demolish these illegal dwellings, especially those built in ‘green’ spaces reserved for beach access or parks. Under Spanish law, owners may be forced to pay for the cost of the demolition.”

http://www.nestmann.com/why-your-offshore-dream-home-might-be-illegal

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