Northern Ireland investors lose €10m in Spanish holiday home ‘scam’ - Northern Ireland, Local & National - Belfasttelegraph.co.uk: "100 Northern Ireland property investors have allegedly lost up to €10m after paying deposits for dream Spanish holiday homes that do not exist.
The prospective holiday home owners paid a deposit of around £85,000 each to secure off-the-plan apartments in a proposed development called Estepona Beach and Country Club, 30km west of Marbella.
It was to be a dream investment in a beautiful Spanish holiday spot, with promoters claiming that the British Tennis Federation was to invest and that Disney World was planning to build a |resort in the area.
The land, however, still belonged to its original owner and the complex was never built."
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