The Courier Edition 253

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Friday 30th October 2015 Friday 6th November Friday 8th January 2016

ENOUGH IS ENOUGH! Costa Community Counts The Cost

ALEX TRELINSKI

A

n Orihuela Costa community wants something done over two properties both of which became bank repossessions years ago and have been costing the community a substantial sum, as they lie empty and unmarketed for sale. Residents of Playa Flamenca X want the banks to register the buildings enabling them to be put on the market for re-sale, in a scenario which is common

across urbanisations right across the Costa Blanca and Mar Menor areas. Behind high walls on the Playa Flamenca market road is a luxury villa which was ransacked and vandalised by squatters after the owner disappeared and the bank repossessed it. Electrics and plumbing were ripped out and drains damaged, enabling vermin and cockroaches access via sewers. It means that people living

nearby have to make sure that their homes are not invaded as well as putting in endless payments for overhanging trees and bushes to be lopped. The community debt on the villa is over five thousand euros and the debt on a quad within the community, also a bank repossession, exceeds four thousand euro. Community vice-president Norman Brunt told The Courier:-"The combined debt

on these two houses is now approaching ten thousand euro and we could do a lot with that money to improve amenities for all residents who live here. As it is, indirectly, residents are subsidising the banks and that is an appalling situation. What's even more annoying is that we have a person willing to put 200 thousand euros on the table to buy the villa and pay off the debt. He's contacted the bank but has simply been fobbed off." At the community AGM, residents unanimously agreed to ask its administrator to take all possible action to persuade the banks to release the properties for sale and also to take any possible legal action through the courts. Spain’s banks are said to have at least 100 thousand repossessed residential properties on their books in addition to commercial premises, with the overwhelming majority around the country’s Mediterranean coast.

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