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A BRITISH man has been awarded more than €150,000 after his off-plan dream home on the Costa del Sol was abandoned by developers. 

A Madrid court has ordered that the insurer of the company pay the man €152,035.

It is the amount the unnamed Brit put down as a deposit on the property in Benahavis, more than 15 years ago.

The buyer was forced to file a claim in 2005 following serious delays to the project.

After several years he won his case but by then the developers had declared bankruptcy.

As there was a collective policy with an insurer, he would have to claim the money from them.

Now, after almost 15 years of litigation, a Madrid court ruled this week that he should be paid back the deposit, with interest.

The win was made possible by a 1968 law which allows buyers to recover their monies, ‘regardless of the length of the deadline delay’.

The insurance company argued that that law was replaced by Ley 20/2015, which came into force on January 1, 2016 – but the Madrid courts said this newer version was not retroactive.

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