STOP COMPLAINING - YOU LUCKY PEOPLE

We agree with Phil. Refusing to pay the fees will only be to the detriment of the site and ultimately we as owners will lose out. We're lucky that there are people on site championing the cause and we should be doing all we can to support them because that is the key to reduced fees not withholding a payment that we are legally obliged to make.

Agreed the site is a work in progress but anyone who bought surely got the same message as us - that this is a 10 year project - so to expect everything to be in place from day 1 smacks of a little a naivety. Let's look at the long game here guys because even with the current economic climate what we've got so far is shaping up really well.

Hi

I certainly agree non-payment isn’t an option, as we could end up in real financial difficulties both individually and collectively, however keeping the pressure on PW & RPM is absolutely essential both by supporting the existing pressure groups who are doing a great job so far and by individually questioning everything both PW & RPM tell us about how they arrive at their costs and what progress is happening with the development to help reduce our costs. I have one other question to though into the arena, which I have asked PW & RPM about with no answer so far which is no surprise, but if we keep asking our question individually they know we are not going to be fobbed off. So my latest question is:

If we are paying for infrastructure that has been put in place now but is for parts of the development PW have decided to not develop at this time for economic reasons, then surely PW should be paying for that part of the infrastructure as it was their decision not to proceed with the development and by making us pay for this is a commercial cost they should be responsible for as part of their commercial decision not to continue with the development at this time.

Phil

I have bought a Golf Suite and I am currently sitting tight, more than willing to bide my time.  The contract states that completion for our property will be 22 months from commencement.  This is clear.  However, I note the comments with regard to the potential to claim funds deposited back on the basis that the contract is unreasonable.  I will not be going down this route in the very near future.  Although I have not contributed much to the discussions on other phases of the resort, I read the forum everyday to catch up on developments.

This has been said many times on the forum - Condado is a long term investment (made even longer term by the current state of the world economy).  I take the view that as long as my property is built I am not fussed when it appears.  I am staying close to PW (although the discussions I have had with them are less than fruitful).  My only issue is the fact that I haven't received the bank guarantee for my second payment (however, if you read the contract it clearly states that each stage payment is guaranteed by banks so I assume there is an element of protection there).

If you look through the issues with regard to community fees, the majority of posts on this forum say how great the resort is currently and will be in the future.

The work that pressure groups have done with regard to the community fees is fantastic.

The one thing that does concern me is that, and I for one appreciate what a frustrating process this property buying busines is, consideration should be given to the potential effect "complaints" and "action" could have on the resort as a whole.  I say this as properties are still for sale on the resort and any prospective buyers could be put off by the posts on this forum and/or bad press about PW which may begin to surface as people rule with their heart over head.

Think long term, remember how good the resort will be and consider the big picture impact certain actions could have on the future of the resort.

That's not to say no one should complain e.g. the community fees should be challenged, etc.

It's a global recession - let's weather the storm and look forward to future days on Condado.

David

Good point Phil.

Not suprised that you have no answers comes under the banner of treating us like mushrooms which PW are particularly good at when it suits them.

Hi David

Its great to hear your comments and I appreciate all you say.

With regard to your first point it states in your contract that you will receive the bank guarantee and PW are required in law to provide it. I would write/email your solicitor so you have a written record of the correspondence and have them insist PW issue the guarantee immediately, if no solicitor write to PW legal department direct and send a copy to the bank that has provided the builders mortgage to PW (this info you should find in your contract). PW have been notoriously reluctant to issue bank guarantees as they have to pay for them, but in your situation I would be more persistent in gaining it. Again in law you can refuse to make the next stage payment unless this document has been issued but I presume that your only outstanding payment is the final one. Maria de Castro from Costaluz Lawyers who advertise on this forum and she regularly gives free advice on the general forum, has advised the above information to others on the forum, she has also said that if you do not receive the document you still have some protection as it states in your contract that you should have received it. That said I would still badger them for it.

With regard to your second point if people like yourself read the forum regularly they will see that 99.9999% of people on the forum are completely happy with the property they have bought and have no regrets in their decision to buy, the same people will also say they have no doubt that Condado will be a premier resort in Spain. At the same time many of us have concerns that we are taking PW and RPM to task about and it is proper that we do this. EOS has been irreplaceable in enabling us to communicate with like-minded people making it possible for us to stand together and ensure Condado is as good as we want it to be. If people only see snapshots of the forum content and take it out of context then they should have done better research, as it will be their loss by not doing. Condado de Alhama is a 5 star development and the people that own there will make sure it stays that way. So all I can say is if people are thinking of buying in the Murcia area of Spain, get in now before the economy improves and property prices start rising again as they will, as this resort value will take off.

Phil

Phil,

Thanks for your comments. 

On the bank guarantees both I and my lawyer have requested the bank guarantee for my second stage payment on numerous occasions.  Much the same as the first guarantee, it is taking a long time to obtain.  Just holding tight.  As I day I am in this for the long run, and fully believe that the 5 star resort will one day be complete.

Regarding prospective buyers, I agree that they should be doing full research before purchasing, but not everyone is as thorough as you or I and at this present time, buying a property a broad is a far more difficult decision than when I signed up in July 2007.

EOS is a fantastic tool for Condado property owners.  It has made me feel so much better about the whole process (which I imagine going through on a standalone purchase would be a very stressful process).  We are all (or will be) in the same boat and EOS gives everyone an opportunity to pull in the same direction. 

David