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Hi all,
I have looked at this site for months and months now probably every other day but only made 1 post up until now, i dont know what to make of all the talk of lower prices, like it was mentioned earlier why would there be such a delay if they were going down in price so much. I bought mine of Sola properties for 180k about 4 or 5 years ago, i had a call about 1 year ago telling me to get out there quick because i needed to go with my solicitor to get identified ready for the remaining mortgage, dont think i needed to rush to much as i have bought in phase 1 and i`m not in yet!!!!
Anyway at that point i went to the marketing suite at the bottom of the development and some American salesman took me around my apartment, at that point it was complete but i have just kept on waiting, i also have had furniture in storage for over a year and got another bill last week for over £1000.00
Nightmare!!!
Tony
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For what it's worth, and I know you'll hate me for saying it but I think the price could drop even further. I have a friend living permanently in Spain and he tells me the market is absolutely dead. There are so many properties laying empty all over the Costas.
I think the market will continue to correct while this credit crunch continues. Remember this is unprecedented not even in the last recession in the early nineties did we have banks going bust.
The interesting thing is there was a finance expert predicting exactly this would happen on the main forum months ago. Didn't take much notice at the time but everything he said is coming true.
The Grim Reaper!!
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yep your probably right Alan and as we all know hindsight is a wonderful thing .
The price dropping is only an isssue in my view if you are trying to sell, if not its irrelavent to hoepfully most of you.........
I would say is that if you are looking at this as a long term investment ( 10 years+) then this will no doubt turn out to be a good investment. Right now it possibly doesnt look this way but property is long term and when all the current emotions die you will see you made the correct choice.
If people are out there who have bought to flip and sell thats a very different position all together. If your in it for the long ride sit back and enjoiy your G&Ts and spritzers and ignore the current climate, if you can ;)
Mike
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I agree property is generally a long term investment, but holiday or second homes are very rarely brought with complete objectivity. I think if you can aford to buy without a mortgage and it is genuinely a holiday home that you are not expecting to get a return on it and are quite happy to return to the same place again and again then go for it. Please don't be blinded by the fact that the price appears to be a bagain at the moment. The price of property is ultimately driven by demand, there is currently so little demand at the moment that it is a buyers market, but when the buyers are almost non existant you will never be able to sell.
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Hi Alan,
Did you manage to get your money back?
My reason for asking is, I think if we start to cancel they will delay for a while, then push to get the license and once the license is granted end of .
Paul & Linda
Block 15
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Any money I may have saved would have be long gone by now on lovely Louis Vuitton travel luggage and a beautiful pair of Christian Louboutin shoes! 
As a resident of Arenal Duquesa I now believe it to be more constructive for us to arrange our own web site than talk about the current price of the apartments, the current price is irrelevant unless you want to sell. You've purchased the dream now live it. So, to all you residents out there, one of you must have web design knowledge or know a man who can. Many of the other developments have web sites, our own site I feel would be a benefit to all of us especially if you want offer your apartment for rental.
Remember Life is for living and money is for spending. Got to go now, it's Saturday and need to get down Bond Street and be back in time to watch me beloved Arsenal thrash Hull!
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Hi Wardy,
My deposit is due to be paid next month! We shall see. It is not too late to cancel and look around with a view to purchase later if that's what you want to do.
I agree with Mike that this like other developments now will be a long term investment. The worry is just how long!
I also agree with Tracey that if you have bought you should be enjoying it and not worry about prices. After all the value of your property has fallen here in the UK as well but unless you are looking to sell or have to sell it's of little consequence.
The choice people have to make now is a lifestyle one and not to consider a quick profit on your investment.
Tracey not sure about the alternative web site. I think it would be sad to split up this forum and lose the valuable and fun posts we read. Anyway it's a good job you have your Spanish apartment because come the end of the season when there are yet again no trophies on the Arsenal sideboard you will need a bolt hole to escape to. 
Alan
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hello all,
new to the site but being reading with interest these last 2 years.....have posted a note about pulling out.....we are in it for long term but getting a little frustrated....we were due to complete in phase 4 18 months ago and are now told 2009.....our circumstances have changed, we now live in Cape Town so no longer easy to pop over from uk....so we cant see quality of build and just read about people being messed about near completion.....however each time we have gon back to dequesa we love the area.....of those of you who have gone through it and are now in, what is it like, any concerns living their, build quality good etc????
thanks,
Steve
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I agree with all that! I still get a little thrill every time I think of our place. Our 10 days there exceeded our expectations, and we kept making lots of positive discoveries about the area. I've a feeling we've only scraped the surface with that. I'm told that within a couple of hours in all directions there are amazing places to visit. We are still pleased to be in, so we think it says a lot for the place that we still feel like that, given recent events. Mind you, as Kirsty and Phil on the telly say, it's all about "Location location location" and that's where this development scores very well. At the moment the thought of keeping it 10 years doesn't hurt at all. This message was last edited by Margo on 9/27/2008.
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No doubt most of you are up to speed with ML, but if you are not this is the latest posting from a relatively new member who has asked the investment company for a mortgage.
After making a few enquiries it seems the mortgage is the real catch... The only option you have is to take a 100 % interest only mortgage.
Which I’m told works out at approx 800 euros first two years and 1000 euros after that.
However I suppose if you have the readies then the purchase of 156k is a bargain, that's if you want to off load that sort of money in the present economic climate...but where is your money safe, with the banks dropping like flies and being taken over quicker than a lightening flash, I feel it is better to have a beautiful bolt hole as Alan puts it and have some fun in the sun.
Margo, don't take on board too much of what Sheldon says, he will paint a happy picture because ultimately his main aim if to off load the units with the mortgage, he is property sales and we will all know they would skin a turd to make a pound!
This message was last edited by laurdan on 9/29/2008.
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those payments seem a little high for that amount of mortgage, i pay less than that for a higher amount. so it looks like the catch is in fact in the mortage. However, i have to admit defeat if they will sell them cash at that price
anyway, i'm giving up EOS is i get any more depressing news about the bloody place..   
couldnt choose an apropriate smiley so i put em all the emotions i am feeling on
suzanne
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All this seems to fall into place. When I requested what the actual repayments would be I was told,"sorry we don't have those to hand at the moment"!!
Alan
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