The number of property owners in the province of Malaga who resort to taking legal action against non-paying tenants went up by 19 per cent last year when the Malaga courts dealt with 1,264 new conflicts.
Malaga is the fourth province in Spain with the most cases of this kind going through the courts, after Barcelona, Madrid and Valencia.
The increase in unemployment is behind the fact that more and more tenants are getting into arrears, and at the same time the credit crunch has meant that more landlords depend on their rental income to pay their mortgage. However real estate agents complain that the court process prior to eviction is very slow and costly for owners.
Meanwhile landlords are becoming more demanding of potential tenants, requiring job contracts or even bank guarantees.
Story from Sur in English
http://www.marbellapropertynews.com/
Blog Archive
Subscribe Now: Feed Icon
Wednesday, September 9, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment