British Expats
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British Expats (https://britishexpats.com/forum/)
-   Goa (https://britishexpats.com/forum/goa-170/)
-   -   goa property scams (https://britishexpats.com/forum/goa-170/goa-property-scams-693410/)

mytriumph May 5th 2011 10:08 pm
Re: goa property scams
 
In Goa only Indian nationals may purchase property. This has not stopped unsrcupulous estate agents, abetted my by crroked lawyers, in selling homes to foreigners. A scam. In Spain, to take a quote from the article,
"About 50,000 owners of beachside properties have lost rights to their homes after Spain’s coastal law was amended and applied retroactively, according to PNALC, a group representing owners affected by the coastal law. As many as 500,000 could eventually be affected by the law, the organization said."
I doubt whether owners of properties affected by this law care about semantics. This is a "legal" scam and nothing else.

a_f_d May 5th 2011 11:01 pm
Re: goa property scams
 
In Goa (= India) only Indian residents may purchase property... in Goa the interpretation/ implementation of the law has been changed retrospectively...This is also a "legal" scam and nothing else.

AndyD 8-)#

noni May 5th 2011 11:16 pm
Re: goa property scams
 
Originally Posted by a_f_d (Post 9346997)
In Goa (= India) only Indian residents may purchase property... in Goa the interpretation/ implementation of the law has been changed retrospectively...This is also a "legal" scam and nothing else.

AndyD 8-)#
Has anybody from the UK actually had their property confiscated, I know some have orders on them.

Mitzyboy May 6th 2011 8:28 pm
Re: goa property scams
 
Originally Posted by mytriumph (Post 9346921)
In Goa only Indian nationals may purchase property. This has not stopped unsrcupulous estate agents, abetted my by crroked lawyers, in selling homes to foreigners. A scam. In Spain, to take a quote from the article,
"About 50,000 owners of beachside properties have lost rights to their homes after Spain’s coastal law was amended and applied retroactively, according to PNALC, a group representing owners affected by the coastal law. As many as 500,000 could eventually be affected by the law, the organization said."
I doubt whether owners of properties affected by this law care about semantics. This is a "legal" scam and nothing else.
For sure, but you appeared to compare the situation in Spain to Goa, and I was pointing out they are very different :)

mytriumph May 9th 2011 1:32 am
Re: goa property scams
 
Another interesting article on the scam in Spain....makes for sober reading.

mytriumph May 9th 2011 1:33 am
Re: goa property scams
 
Missed to insert the link from the BBC, sorry.

http://www.bbc.co.uk/news/business-13313924

Mitzyboy May 9th 2011 3:40 am
Re: goa property scams
 
Originally Posted by mytriumph (Post 9352507)
Missed to insert the link from the BBC, sorry.

http://www.bbc.co.uk/news/business-13313924
One of those was about a developer which went bust (not surprising I'm afraid in the present climate)), and the other about a couple that bought a house that was illegal. Pound to a penny they didnt use a solicitor. If they had, maybe they would have probably discovered there was no planning permission for the property. There's loads of people who knowingly bought illegal property in Spain .... because it was cheaper!!!! Then they complained afterwards!

The papers dont mention that though do they. Would you expect the UK government to help financially if someone built a house there without planning permission?

Anyway, this is the Goa forum, not the Spanish one :);)


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