Passion Studio

Has anyone got any updates on Ocean Greenery? Last time I visited they had stopped work (end of May). Supposedly looking for new investors.

Hi, we have been told by our solicitor that the builder has run out of funds and is trying to get another builder to take over. We were also told that the only way we can get any of our money back is to sue him which will cost a further £5000 and God knows where the builder is going to get his money from to refund us if we win the case. 

Hello,
Nice to make contact with some others in same position as me!!
When I was at the site during May, things seemed to be nearing completion.
I might take another trip out there this month.....

My solicitors have not been informed, but the telephone of the builder does not work.
But I have heard a rumour that the development has been sold to a "Lawyer in Alicante" who wants to finish it.

But perhaps, we need to face up to the fact we have lost our deposit money.

Cheers
John

Hello thanks for  the message. I have not been made  aware of him selling the development on but surely if he has we will not lose our deposit as we still own the plot we have bought. I am now going to e-mail my solicitor to check this would be the case and will update on here if I hear any more.
thanks
Lisa

Hello again,
I heard from my solicitors on Monday 8th Sept, and the info confirms the thread here.
I have been told, that the Developers ran out of funds in May, and was bought by another in June.
They are looking for more funds (difficult in the current credit crunch climate, I assume) to finish, and this new developer estimates to finish in late Oct or Nov.

We can only hope that that the Euro does not sink further...
I wonder what the value of one of the 2 bed flats is now. Less than my contract price I assume.

Yes, I wonder if the Horizontal and Vertical division of the land is valid at the point of signing the contract.
We don't have a "plot of land", because that flat I have signed up for is on the first floor.

Patience seems the only option.

I believe there are a total of 129 flats. I wonder how many have been sold.

Rgds
John