Swap of a Phase 1 or 2 property against a Phase 3.

Hi,

I have a Phase 3 PH in the far end of the Corvera Club which has not been started on yet, but I am eager to get me an appartment as soon as posible. If there is anyone in Phase 1 or 2 who has not yet completed and has a dicire to pospond their investment, we could explore the posibility to swap my Phase 3 against yours Phase 1/2.

If that is of interest, please send me PM.

This message was last edited by Crist555 on 22/05/2010.

Torl why not just speak to Corvera directly, there are plenty of people that have done this, I have checked 3 properties over the last week for people that have done this, 2 that swapped apartments for Magnolia Villas, 1 that swapped for a Menta

Hey Torl,

why are you in such a rush? See below, this happened this weekend......

European bank jitters as Spain steps in to save Cajasur. Investors are braced for fresh turbulence in European bank shares after Spain's authorities stepped in to rescue Cajasur, one of the country's largest regional lenders.
 


The Bank of Spain intervened over the weekend after merger talks with Unicaja broke down. Cordoba-based Cajasur can draw €550m (£477m) immediately from the state's Fund for Orderly Bank Restructuring. "This will guarantee that it can continue to operate and fulfil its obligations," said the central bank.

The collapse of Cajasur is likely to revive fears over the health of Spanish banks, which skirted the US subprime crisis but are succumbing to local property busts. Cajasur is heavily exposed to second homes on the Costa del Sol, where prices are in free fall. Goldman Sachs said Spain's property companies have debts of €445bn, or 45pc of GDP, mostly owed to savings banks known as cajas. The stock of unsold homes reached 926.000 at the end of last year.

I would say you are probably better off keeping your money and your powder dry for the time being, after all phase 3 may never happen and im guessing you wont want to own a property on a half complete resort?

regds

Dave