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Thread: Developer running over

  1. #51
    Join Date
    Oct 2005
    Location
    Playa Flamenca
    Posts
    129

    Default

    I feel really sorry for all you people waiting. Unfortunately you guys are stuck, but for anyone else looking and thinking of buying, there are hundreds of resale properties out there, in established prime areas, with all the extras (grilles, alarms/hot & cold air con, gardens etc etc) all completed. Consider them as what you see is what you get, no nasty surprises. Good luck to you all on getting your keys to your dream home...

  2. #52
    Join Date
    Sep 2005
    Posts
    7

    Default Developer running over

    Hi there
    I am new to the site but would like to join in about the unbuilt site in Colinas del lago. We bought in Oct 2002 on phase one needless to say we are still waiting. We also have had word from Atlas to say that the lawyers are now involved pressing the builder for a start date. We have just been out to see our lawyer who is getting us a bankers guarante also he tells us that we are entiteled to 15% back on money we have paid in because he has gone over date. I hope this little bit of information will help.
    By the way has anyone else got a property on phase 1

  3. #53
    Join Date
    Dec 2004
    Location
    Morpeth & Bosque III
    Posts
    96

    Default

    Hi Wiganer
    We signed up for number 68 phase 1 in March 2003 but when it was going no where we pressured Atlas into getting the builder to offer us an alternative which we took over in April 2005.
    One of the offers we had from the builder was to wait for Del Lago and accrue interest at 10% per annum from December 2004 on moneys paid. The December being 6 months after the so called delivery date.
    Pleased we chose to move to alternative site, going out again on Monday.
    Hope it comes right for you and all the others who living in hope.

  4. #54
    Join Date
    Sep 2005
    Posts
    7

    Default Developer running over

    Hi Morbob,
    Which develoment did you decide on? and are you satisfied.
    Is there anyone else buying at colinas del lago please come forward

  5. #55
    Join Date
    Dec 2004
    Location
    Morpeth & Bosque III
    Posts
    96

    Default

    Hi Wiganer
    We swapped to Bosque De Las lomasIII and yes we are satisfied. Nice people own houses there and it is closer to amenities than Del Largo was going to be.
    We swapped at the price we were going to pay allthough the house we got was supposed to be more expensive. Many of the people in our street and the next two streets also swapped from Del Largo so I am always surprised to read about people having signed to buy in 2002 and still living in hope. Is it that they have not complained or do they like waiting?
    Here I come to sunny Spain in less than 24 hours.

  6. #56
    Join Date
    Dec 2004
    Posts
    13

    Default

    Ditto as per Morbob, we signed up for Colinas De Lago in Oct 2002, We too have now signed and settled in Bosque Las Lomas III which was 1 of 3 options offered by the builder to compensate for the delay.
    It is quite simple in Spain unless you continually chase things up they will not be done.
    Good Luck

  7. #57
    Join Date
    Jan 2005
    Posts
    38

    Default

    We were offered an alternative.

    The trouble was we had to pay for our own accommodation etc and then apparently the builder wanted 18,000 Euro extra. We did think that we might as well look at it so that is what we did. It wasn't for us as this one had no garden to speak of and wasn't really where we wanted to be.

    The point being after waiting so long why should we pay extra for something we dont really want just to get out of the mess because the builder hasn't started building YET AGAIN.

    I dont know anyone else who had to pay extra for their alternative.


    Bernie

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