We visited the site today and were shown around by the Technical Director of Romanber, who is based in the on-site office. He clarified that they are now working to April 09 as the date that all the building work will be finished, and the licence of habitation will be applied for. This could then take a month or two to be granted, so he expects it will be Summer 2009 before any of us hear from them regarding completion. In the main Romanber office in central Arcos they confirmed these timings.
The building work is definitely coming on nicely and the apartments we looked in seemed to be (at first glance) to a good standard.
We'll put a couple of new photos up.