British investors may get money back after crash

Tens of thousands of British investors who lost money when the Spanish property market collapsed could be in line for a major payout.

Would-be buyers paid an average deposit of £20,000 and never saw their money again after building firms went bust or disappeared.

Now Spain’s supreme court has ruled that banks should pay back all deposits lost by those who bought off-plan apartments, after it ruled that banks and developers should be held responsible for the cash that buyers deposited and pay out refunds.