Banks

Hi, I persume the credit crunch is having an impact on getting a good deal from the banks for people who put deposits down some time ago. Are there any good suggestions out there from previous experiences. Tom

Hi Tom,

We're in a similar position to you I guess, having put a deposit down in 2005. Having missed the exchange rates "highs" of 2007, and not fully understanding the severity or longevity of the strengthening euro, we have been buying between €1.25 and €1.28 expecting to complete in Q4 2008. The only alternative I know is to "bet" on the £ regaining  ground & borrowing to fund the purchase (either in euros, in Spain, or in sterling in England). The choice is yours, so they say.........

Have you been given a completion date? We were contacted recently by the Medgroup and told that they were having problems with the contractors. To the extent that there was no building works currently being done (this was a couple of weeks ago). The contractor, Ferrovial, are a substantial Spanish company but I am led to believe they were having financial difficulties (this is only third hand)  & Medgroup were trying to secure the incomplete properties from them so that they can get some other contractor to finish. All sound a bit distressing doesn't it!

Any update you, or anyone else has, would be greatly appreciated.

Hello. We have just returned from the resort after spending the last 10 days there with my family. We have bought a Las Casas townhouse and completed early October. There are certainly many contractors on site and saw the diggers frequently pass our garage doors! In fact there were far more builders than owners on site. Beach club pool and pool bar were shut . Golf course shop and bar all open.

We had many snags and really  you need get someone to do a report pre- completion and then try out the place for yourself as soon as you can. Unlike the apartments the townhouses also have gas for the cooker and boiler , which is being temporarily supplied by the med Group. It did take them a couple of days(despite many reminders!) to unlock the cupboard, connect the gas to enable us to have hot water. This gave us the opportunity to try out the beach club showers and changing rooms which were very nice although somewhat inconvenient.

More people seemed to be moving in, the golf course we hear is being extended in the new year and the villas look fabulous.

Feel free to PM me re more details on snags for the Las casas townhouses if you need more details

hi ,

i have also purchased a property in las casa. number 8.

i am completing the purchase on thursday 27th november.Any help or advise with regard to getting services connected or dealing with the med group would be most appreciated.

thanks

dean jenkins