It's been a long time since I posted here, but thought I'd ask a couple of questions for the latest experience from others as the calendar turns over another year...
We bought on Green Hills when still being built. When it later (at completion time) became apparent that there would be no golf course or other amenitites and in the absence of a meaningful, substantial reduction in the prices we refused to complete the purchase. This began a long legal battle. We won the first hearing (after wating ages to get to court and ages still for a verdict). The developer appealed and eventually it went to court and again we won. We were told by our lawyer that there was no other recourse for the developer then and they would have to pay (or the lawyer would have to find their assets and secure them to the value of what we are owed). Surprise, surprise, Spanish law apparently allowed a further appeal - we have no idea when this will be heard. The lawyers just said 'wait' and that's what we are still doing another year or so later.
I have lost track of how many years this has been going on now. Anyway - my questions are:
1) Anyone else in our position? Or have been through our position and have a conclusion? What can anyone offer in experience of getting their deposit money back?
2) What's it like on Green Hills now? It is some long time (over 2 years) since I last visited the area - frankly I am so sick of Spain and Spanish 'justice' - all our hopes and dreams of having a second home in Spain are a nightmare I just want to forget. It's always looked well kept, but even on my last visit it appeared like only a very small proportion of appatments had been occupied.
3) If you eventually completed - did you get a realistic price reduction? The properties (regardless of any other economic disasters) are simply overpriced versus the original specification for the development - by a long way - it wasn't just the loss of the golf course, it was the loss of the club house, restaurants , gym, cafes and the reduction in the number of appartments means that other enterprises would not be interested in opening up on the site to make it more of a self-sustaining community.
Any comments, thoughts, ideas, suggestions, advice appreciated! Our lawyers, by the way, are Martinez-Echevarria Perez & Ferrero. In case anyone wants to know.
TIA
Greg