Oasis is conting building .

Hi ..Your intrepid dog walker here. 

Thought you may like to hear..There were about a dozen people working on the 'complex' today and in a finishing capasity..i.e.rendering and windows the obvious things to be seen.  There are about 20 'houses' to be seen in the front row and next to that are being worked on.

However still no sign of roads to it from the main road which is unusual.  Also No sign of where the waste water etc may go..No digging going on.  There are however wires over the patio doors implying that there maybe lights going up over them..So all in all looking good for people who are interested one way or another.

Hope that this inspires some hope in either getting a Spanish home if still interested or at least knowing that there is something feasible and salable to perhaps get your money back.

Any how my best wishes to you all.

Hola MTH,

Good to see you are still getting the dog walks in around Oasis. It's great to have a bit of news from our man on the ground!

It is all a bit odd, as no-one is telling us anything as usual, but keep up the postings, it's good to get any news at all.

Cheers,

Alan and Sue

It probable that H Indalo are just finishing off the part built units rather than allowing them to deteriorate as it now seems that OTCC is mothballed for the time being due to adverse economic circumstances

Having built units but no access road means that none of the buyers will complete

All these offers coming from the Huma Group seem to indicate that they are trying to clear up as many of the outstanding contracts as they can so that in due course there will be less problems for the Banks who support Huma to have an exit strategy

When the economy recovers both OTCC and ACC will be built but after a recession demand changes and these developments were designed for a past era

So they will need in due course to negotiate over this situation so that they have a clear title free of embargoes to enable them to maximise the potential of these two sites in accordance with the emerging new demand

Now one way would be for the Huma Group to go into liquidation but so far it seems that they have the support of their Banks and it follows that the Banks must take the view that there is medium term value in these two sites

However, their marketing shows a lack of understanding of the people they are dealing with who now in the main are getting good advice from their lawyers- as anyone can see the offers are totally unrealistic and do not reflect current market value

Now I have a deposit of circa 54.000 € and I have been offered a 2 bed unit at 126.000 €,as have many others, coupled with a mortgage of circa 72.000 €

But these units are currently on offer elsewhere at circa 90.000 € and you could buy them for circa 72.000 € as the Banks will listen to all offers on everything!

As an investor I have accepted that I am in for the long term and that any recovery is a while away

So with OTCC now finally and fully stopped as far as us original buyers are concerned, now is the time to protect my interest and start legal action

Now this will not produce any money in the short term but it does mean that my interest is a public record and in the short term there is another embargo [albeit temporary pending the outcome of my legal action]  recorded on the title to OTCC  

Now I have like many been reluctant to go down this route but time moves on and the circumstances change as has been seen with Huma’s approach to start offering alternatives- they are not doing this to be ‘ nice guys’ just commercial!

And the only reason, from my perspective, is to try to get rid of irritant old buyers on both OTCC and ACC

It has cost me 1.900 € to start this action

First of all everyone who has been holding on at OTCC should now take ‘legal advice’ again and then make their own minds up

But the more of us who now tell Huma that the offers are ‘ in cloud cuckoo land’ the better

I’m an investor and this is one which has gone wrong, which is part of business, but it is appreciated that for many ACC and OTCC were the ‘ dream homes’ and everyone has been robbed by the Banks and Huma

Whilst the planning revoke at ACC and the world economic crash has played its part lets hope that the recovery, when it comes, brings about a settlement for all of us

One aspect, which has surprised me, is that Huma have not gone bust with the cooperation of the Banks and then bought back the development sites free of us – in UK we call it doing a ‘Phoenix’ !!

There must be a lot of wealth supporting Huma somewhere!!        

I know nothing about the ins and outs..I guess you who are affected will know what it is all about.

All I know is I can relate to you who wanted to live the Spanish dream and for that reason I bother to make posts. 

I know that they most likely mean nothing as you say in the short term..just as I said phase one is going ahead.  I do wonder though why they are bothering to put windows etc in as I would have thought that makes them quite vunerable to vandles..or looters..and surely that is a waste of money..they could after all just finish up to a fashion till the market improves. Oh..and they are seeming to be flattening for a garden too!

Just a thought.

I will keep posting if I see any others changes to the site.

Good Luck to you all.  Hope that this does mean good news for you.

MTH

Do you have an update on  the work on this site by Huma Indalo?

All very quiet on site..Looks as if two rows are completed and painted, it seems about one block of about 32..no movement now though. No sign of roads or lights however, which is unusual.

Have not been closer as too hot here for me to walk the whole way...but looking good.  Is there no one on the ground as it were that you can post a query to as to why they are ready and you have not been informed.

Still don't know about sewerage etc. Maybe they have that sorted..

Kind regards..hope it means that things are looking up for you all.

Thanks for that information

It does look as though Huma Indalo and their supporting banks have mothballed the development pending the ending of the recession

We shall see and your reports are most welcome  

Had a walk on the wild side..Closer inspection and there are two rows of 16 that to all intence purposes seem complete...

No roads...No amenities being completed to be seen....Still all quiet.

Good Luck..Hope no news is good news..

Thanks for that and as expected...but please keep us informed when you walk by

Everything seems to have gone very quiet, has anybody got any news about Oasis or Huma ?

Sorry Seashells...Nothing else for me to report..Have been over there again and as I said the houses..about 32..look ready to go...
However no sign of electric although one of the flash lights was on.....nosewerage..roads..parks..nor any normal development stuff!

Hope that this helps..however would be interesting to put the question of ....Why?..to the developers!

Or perhaps going to Tabernas Town Hall where they know what is going on..You may have better luck there as a new female Mayor has just taken office and the Fiesta wa different in a good way so maybe she is enthusiastic for the Town!

Kind Regards as always.

Recent News letter and posting by Costa Luz Lawyers:

Great new Court Decission by Murcia Appeal Court, dated this last September 2011, which establishes that Banks are liable of the refund of all deposits paid in off plan purchases, when the contract is cancelled due to delay, regardless there was an individual certificate of Guarantee or not.

Just proving you make payments to a Bank account held by the developer, Banks need to refund you, with legal interests and legal costs, regardless they were into a special account or not.

So, if you were paid just the amounts corresponding to the individual certificate of Bank Guarantee which was effectively issued to you, just ask now for the refund of the rest of your deposits, which did not have certificates of Bank Guarantees.

Excellent new for many of our Murcia (and no Murcia) clients. Great understanding of Law 57/68 again. Case Law is advancing.

Is this the start of the beginning of the solution!!

Certainly a logical step in the right direction as the Banks knew exactly what they were doing but a settlement will take time as the Banks will probably appeal

recived photos of oasis cc taken 5 jan 2012 , no building no people ghostown

Walked there yesterday, no workers, no one in office site dead apart from one person cleaning the drive on one house i hope he is not a swatter, no car insite all chained up

has site now been abandoned???

The last report I heard, was that Huma had gone bust. Lets hope that the report of Banks being accountable for our deposits is true, but I will not be holding out any hope for return of our monies even then.

ATT all solicitors...................any of you who can recover the 36.000 HUMA owed me can have 25%  ......   yes 8.000   i have won court case......i have embargo as well................should be the deal of your life!!!!!!!     100s of other buyers will offer same deal if you are HONEST and can DO YOUR JOB...........