Having just read the good news that someone else with a BG has had their money back.
Let's first remember that the development could not be carried out due to lack of funds, despite many people placing deposites.
Our friend 
mentioned the other day that 90% of purchasers did not have BGs. So we can assume that 10% have BGs and surely if they can now opt out and have sense, they will.
So, you are now left with 90% of the initial number where people had paid deposits.
Surely, due to change in circumstances, be it unemployment, unable to raise finance, bankruptcy, recession, etc., etc., etc., a reasonable percentage will just have to face up to the loss. Not from choice, but the decision due to financial circumstances will have been taken away from them.
Then you will have some who had in mind a buy to let opportunity. Ignore the above and funding issues, who in their right mind will want to proceed with an acquisition, where prices were set at peak (and even taking into consideration SARCs recommendation for 10.000€ would compensat), knowing that valuations will have dropped 30/40% rental requirements due to drop in tourists will have been reduced 30/40%.
What % of the initial purchasers would then be left 20/30% overall.
Right, Mr Bankers. I have this site for a huge development. All singing and dancing. The tourist market has crashed, the money market has crashed. The company went into voluntary administration because you cut off my line of funds. I may have lost 60/70% of my original purchasers and our reputation isn't too good because of it.
Will you arrange for a line of funding for me please?
