Completing on Phase 1

Can I kindly request that those who are completing on Phase 1 post their trails and tribulations on this thread so that it may help those on latter phases.

Thanks

M

(Phase 2)

Glad to M - watch this space.

Anita.

Thanks for that Anita. I am on phase 3.

Any information would be much appreciated

Is anyone aware of any completions on phase 1 to date?

Thanks

P

Hi Penelope

Phase I/II completions proposed May/June.  Not sure how realistic that is but will let you know when I hear anything.

Regards, Anita.

Hi all

I'm not clear as to what completions mean, does it mean the properties are physically completed or that we are due to  complete on the final payment and ownership? in which case the habitation licence would have to be in place wouldn't it ? I thought that getting the habitation licences would take a couple of months after the properties were physically complete. Also do you complete before the snagging is done?

Also does anyone know if phase 1 completes  before phase ll or will they  be mixed up?

kev

Hi Kev

Completion means when the property has been issued with the Habitation Licence from the Town Hall and is legally 'Complete' and ready for Handover.  The issue of the Habitation Licence is totally in the hands of the Town Hall and depends on how busy they are at that time as to how long it takes for the Certificates to be issued.  Supposedly Calidonia are going to complete 700 properties during May/June - seems astronomically high though.   I think you have limited time before completion for the snagging to be done, I'm not sure but I think it is about two weeks, Calidonia should contact you.

With regards to Phases I and II, as far as I am aware they are both supposed to be completing together, so I imagine they will complete in mixed groups.

If you contact Roy Howit from http://www.inspectahomespain.com/ he has a really good guide on the completion process.

Regards, Anita.

Thanks Anita

  It does seem like they are being somewhat optimistic with their dates.

kev

Just to make it clear not all P2 owners are completing in May/June.

We are due to complete in Dec/Jan.

M.

We have had confirmation from corvara our phase 11 will be ready dec 09.

Thanks Anita

We have advised by Esther that we will be invited out to look at our property and then to complete the snagging and go to the Notary to complete.  Are you aware of many people unable to complete on phase 1?

Thanks 

Penelope

In my opinion from the various groups and contacts I have spoke with they will be lucky to get 50% completions that’s out of the UK/Irish,  unfortunately it's hard to tell what state the Spanish buyers are in but I would guess they have been hit hard also.

I think Calidona are going to be in the **** the banks will be watching very closely how Phase 1 & 2 go and once the see that they are down 10's of millions of Euro's, I hope they have a strong balance book to offset it, I have investment banking experience and can tell you if the figures don't add up the bank WILL pull the plug.

Phase 3 make sure your bank guaranties are up to date Phase 1&2 you will only have another 2 months on yours, If you’re not completing or are on the fence start your legal proceedings now!!!

This may sound doom & gloom but this is a totally different world than it was 2 years ago with no signs of change anytime soon worst recession for over 100 years, people need to start opening their eyes and protect what they can.