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- 13/06/2022
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Protect the value of your investment: why holiday homeowners in Spain should guard against squatters
Spain has long been a favourite destination for international buyers. But with increasing cases of illegal property occupation, owners must take steps to protect their homes and investments.
Why protection matters
- Loss of value: Squatters often damage property and reduce its market value.
- Financial costs: Eviction processes can be expensive and time-consuming.
- Loss of rental income: Occupied homes cannot generate returns.
- Stress and time loss: Legal procedures take months to resolve.
- Legal risks: Spanish law is improving but prevention is still key.
Legal framework in Spain
Recent reforms strengthened property owners’ rights, but vigilance and professional management remain essential.
How to protect your property
- Professional management: Hire a reliable property manager.
- Security systems: Install alarms and surveillance cameras.
- Regular inspections: Check the property frequently.
- Legal advice: Seek guidance from a local lawyer.
- Insurance: Get coverage for squatter-related damages.
Conclusion
Protecting your holiday home from squatters is vital to preserving your investment and enjoying peace of mind.
Photo credit: © AndreyPopov – bigstockphoto.com