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06 Jul 2008 12:00 AM by philisa1 Star rating. 1 forum posts Send private message

We bought an apartment in Costa Azahar 1, two years ago.

At the time we thought it was a good decision but I'm sure like most of you we've now become victims of paying back a mortgage which financially just does not make good reading.

We bought it for 202 euros and we have a mortgage of 173 euros. Figues being banded about suggested it would be worth more than the 202 euros we paid but it seems alot of people are selling for a lot less.

So we are now thinking, do we keep on sending over money to Spain every month to keep up the mortgage repayments? Do we try and sell (well we will try obviously), or is Fractual Ownership a realistic proposition.

We are indeed managing to get short-term rental (through our own hardwork and not through any other sources as promised)

We are desperate like many of you to get out, we could give it back to the bank, but not sure f the knock-on affects from this.And by doing this we stand to lose all the money we put in.

But our heads have had enough and sending over money now seems silly, it's like flogging a dead-horse.

Does anyone feel like this? Would be glad to chat with others who feel as desperate as we do.

Thanks




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13 Jul 2008 6:58 PM by 65olivers Star rating. 4 forum posts Send private message

The only positive news I can give you is that the airport is progressing well. I drove round the perimeter last week and the construction of the terminal is well under way and that flights are planned to start from late June next year. At least that will make the journey more viable for tourists from northern Europe..


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