Banks have to pay up

Streets full of banks are becoming more difficult to find in Spain as branch closures continue

A LANDMARK judgment from the Supreme Court (TS) is forcing banks to refund deposits which buyers put down on off-plan housing developments that were never built.
A lawsuit brought by a client who purchased a property from the German promoter Berliner Bau Project La Siesta in Dénia in 2004 has led to the ruling.
The development was never constructed and company representatives did not turn up for the trial.

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