Thanks everyone for getting in touch, I am glad there are other people out there who are interested!
I own a Coral IV on phase 3 and my parents own a Sirio II on phase 1. They bought the Sirio as a resale about 2 years ago and have now completed the pool and garden to a fairly high standard although most of the properties around theirs still have tumbleweed in the garden - not sure if some owners will leave the properties in phase 1 to decay forever ?
The Coral IV has been rented out on a long term let for a year. The rental return is very poor and Armilar seem to deny any further responsibility for snagging which means the cost of repairs to a nearly new house eats into the rental return.
My parents attended the AGM the other day. Apparently there were only about 20 people there and they were mainly concerned with the golf share. I have to say that I can think of far better ways to spend £ 18000 even if the value will appreciate in the future! The design of the golf course is good even if it is a bit long for the average player but as I have mentioned before the planting and landscaping around the course are woeful and do not seem to be progressing. Aesthetics are very important in golf and a fairway surrounded by huge swathes of dried earth do not make for the best view. Compared to the courses at La Manga the difference is incredible ( I know La Manga is 30+ years old now ), even compared to new courses such as Roda and Mar Menor the landscaping is very poor.
I am told that the second course will not start until next year now. This must be very disappointing for owners with golf views of the second course, the rental value of these properties will be reduced for several years to come. If the delay means that the first course is completed to a good standard then this might be a good thing long term however. I am also told the clubhouse should be completed for the summer. The completion date for the hotel has now been put back to 2010 and it is almost certain that Melia will be the hotel group, not a massive name in the UK but well renowned worldwide and a good selection of 5 star golf resorts. Hyatt/ Hilton would have more welcome I think.
Whatever happened to the HDA beach club mentioned in the newsletter several months back ? Can anybody shed any light on this ?
Anyway, I would welcome any more news/ views, keep in touch everyone !!