Over the last two year with the economic crisis in the world and our three criminal cases in Marbella under the names “Ballena Blanca”, “Malaya” and “Hidalgo” have the prices for property Marbella and apartments got down. I have write about many of the problem we have in Marbella. The problem is so many for a seller; first if he get a buyer, then hope that not the buyer’s lawyer say to his client – I think the apartments don’t has the building license or that the prices maybe is going done little more and in the end try to find a banks who want to give a mortgage, the Spanish banks don’t have any money more. The English news paper do also a lot by writing that the prices has going down 40 – 50 -60% in Spain, where??? Where do we asking the client. A property in Marbella has maybe got down 10 – 15 % over the last two years. The most of the sellers say – then do we not sell now and wait some year and see how the market are then. Marbella apartments or villas are a good investment over some year. Now can we se some light in the tunnel, Marbella Town hall have more or less sorting out all illegal licenses problem, the banks are slowly starting to get new mortgage and the buyer have understand that the prices is not going down any more. Here is some of the article I have write about the problems in Marbella.

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Only the three criminal cases in Marbella who goes under the names “Ballena Blanca”, “Malaya” and “Hidalgo” has together been washed an incredible 1,000 million euros. It shows the summaries that the prosecutor has done in cases that are reported today in La Opinión de Málaga.

The largest network of administrative corruption and Urban Development began to be investigated in March 2006. The 26 front men and women alleged used by Juan Antonio Roca (who was Marbella town planning advisor) the man at the centre of the Malaya case, suspected to be bribes and other amounts channeled around between municipal officials and builders to the tune of 670 million euros. The money came from the backhanders which many real estate promoters and builders paid to do business in the town, get illegal building licenses for new apartments blocks and villas urbanizations.

In the other cases are internationally known criminals and drug trafficking. Large sums of money have been sent around the network and ended up in accounts in tax havens. The Hidalgo case saw 220 million laundered and Ballena Blanca some 150 million

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