Spanish property buyers to recoup €3 million UP TO twenty Donegal homebuyers who were caught cold by the Spanish property market crash are expected to recoup much of the €3m they paid for holiday homes that were never built. A ruling in Spain’s supreme court in December 2015 opened the way for hundreds of Irish people to claim directly from the banks rather than property developers, who promptly declared themselves bankrupt. It has been estimated Irish buyers are owed hundreds of millions in deposits and stage payments on properties purchased off-plan, most of which were never completed. In total, approximately 500,000 people were affected, including about 300,000 Spaniards.