Council Housing Idea

 Hi All, If La Verdad Newspaper is correct and Council House Tennants are given cheap rental properties on Corvera Golf then i will stop paying the mortgage on my Corvera Golf Property, i will also stop paying all community and entity charges and all other Taxes and Charges. I thought i was buying a Holiday Home, if it turns out i am actually buying a property on a Murcia Council Estate then all bets are off !

could any of the regular corvera posters confirm if this is correct ? .... if so its not a great prospect for the resorts in the area and would clearly hamper any recovery and sales afterall its supposed to be a 5* resort !

 No!

take it by the responce its correct then !..... a sad state of affairs for owners on the resort .... and not a good omen for other resorts in the area !

 Think Roy at Inspecta home can quickly confirm this or deny as he seems to be the man on the ground .Please step up Roy as just planning a buying trip back to Corvera to spy a bargain.

it would be good to get a definative answer to the original question , as the implications are far wider than just corvera .. also poses the question if correct as to who the landlord is ... private investor ... calidona ... bank repos ??

I think as an owner on corvera  the way we are being treated is a disgrace.  When we bought our appartment we didnt think we would end up on a council estate. Its about time the new owner (whoever that is) made an appearance to answer some serious questions about the future of Corvera.

#humanshield.

If I put all these poor people into these properties, how will the banks be able to reposess them without looking like the bad guys?

Blackadders cunning plan 164

perhaps the banks already own them and are happy just to get any tennant ..... either way not good for moving the resort forward and not exactly the 5 * experiance people bought into and if these are long term tennants not good for a recovery in property prices ... the silence from people on the ground who are usually eager to post speaks volumes !

 OH MY GOD ITS IN THE MEDIA THEREFORE IT MUST BE TRUE!!!!

 My interpretation of the press article is that they are offering homes to deprived families for 150 euros a month!!!  That can't even cover the cost of maintenance for a property.  It is either BS (but why report it?) or they have received some external funding.  Surely it would be easier just to have a fire sale of properties and be done with it?

Hi all,

my first post, wish it was under diffrent circumstances. normal rentals in spain the owner usually still pay the community

charges, which would be just covered by the rental.  just when you thought it could get any  worst.

Will wait till all the facts come out before passing a judgement

peter

 Sorry Peter

Historically of course you are quite correct, owners genarally paid community fees. However the global recession has made debtors a major problem for all Communities in Spain and chasing debts through the Spanish system is painfully slow.

Many owners are still able to rent out their properties whilst not currently paying Community fees. At Roda a classic case in point is that the developer/promoter of the resort Roda/Calidona ceased paying both Community and Entity Fees last September but is still busy with rentals offering very good accomodation and golf packages to Scandinavia.

The next method of avoiding fees is coming from banks, rather than repossessing or accepting properties back, they are employing agents to find long term rentals to cover mortgage and agent fees but will not bother about Community Fees although they will expect any tenants to benefit from the services provided, the property meanwhile remains the property of the almost bankrupt owner, so little chance or recovering fees.

Whether or not the threat is housing of homeless or just tenants being offered cheap deals, the result is the same, the Community eventually cannot maintain services.

 Hi All, Yes the payment of community fees for both the Entity (whole resort) and the Comunidad (block or area within the resort) is a major problem, but the 400 or so owners of properties on the Corvera Resort have been financially damaged purely by the majority owners suggestion in the La Verdad Murcia Newspaper that he is thinking about letting some vacant properties to social housing / council housing tenants. Values of our properties are already way below the original purchase prices and with hundreds of social housing tenants on the resort what chance would the owners that want to rent out there properties have ? Regardless of whether the idea goes ahead now or not, damage has already been done, this newspaper report has damaged the value and rentability of our Corvera Golf Properties. I think we are now looking at a class legal action for financial loss against the majority owner now whether the social housing proposal goes ahead or not. 

 Where is ROY from inspecta home thought he was the man on the ground...................................to answer this 

It does appear to be true - the La Verdad article on 29 March shows Antonio Rizo, the owner of the golf course and all unsold homes, and quotes him on his plans to make 150 of the currently unsold homes available for social housing for long-term unemployed, those evicted from their houses for defaulting on mortgages, etc.

The new owner of Corvera Golf (Callaway One S.L., basically Antonio Hipólito Rizo Ordóñez) is clearly a very socially-minded person, perhaps from previous Rothschild career. This can be seen as a very positive move where the current non-Spanish residents can look forward to lots of new opportunities such as learning foreign languages (Spanish and probably others spoken by fellow immigrants to Spain) as well as integration with a broader section of Spanish society.

 Hi All, No i do not think it's worth a try, the resort would not be safer having more people around if those same people are the ones doing the break-ins. I have also not seen any suggestion that if this social housing proposal goes ahead that the majority owner will suddenly pay his community charge debt, indeed if the social housing tenants are paying just 150 euro a month in rent what chance they will pay community charges either ?  Norman, you also seem to be suggesting that the majority owner is potless and is just trying to scrape together the money to pay his community charges debt, i think it's far more likely he's got plenty of money and Corvera Golf is just a plaything, a pet project. He obviously thought he was going to make a quick return by either getting previous deposit payers to complete or by selling multiple units to investors, that didn't work and now he's looking for a plan B. The moment that social housing tenants move in to Corvera Golf you can kiss goodbye to the idea that Corvera Golf will ever be a Golf or Holiday Resort. If this plan goes ahead i will stop paying the mortgage on my Corvera Golf Property, indeed i have already informed my bank of this, i took the mortgage to buy a holiday home, not an apartment on a Spanish Council Estate. The banks have the power to stop this idea from getting off the ground, but they will only be prompted into action if they are aware of their Corvera Golf Customers' feelings.

This message was last edited by simongolf on 06/04/2013.

This message was last edited by simongolf on 06/04/2013.

This message was last edited by simongolf on 06/04/2013.

This message was last edited by normanthenomad on 07/04/2013.

Just following through the logic here:

• When you buy a house, you have a right to say who lives in it? (Just so long as any restrictive covenants in the deeds / esritura are observed.) A homeowner can rent their home out to whomever they like for whatever price they like. For example, they could invite friends and family to come and stay for free, even. Many people even bought their houses on the estate with the express idea of renting the homes out to others. There is no system in place to vet the background of residents, guests or tenants staying or living in the houses on the estate.
• Any full-time, legal resident in Spain has equal rights to healthcare, education, etc. as any other? (Subject to prevailing system and rules of social security payments, etc.)
• Calloway One S.L. bought the golf course and 650 homes from the builder in a deal in summer 2012.

Taking the above points as undeniable facts, then the following seems a reasonable conclusion:

• Subject to any restrictive covenants in the deal of purchase from the builder, Calloway One can do whatever they want with their property.

Following on:

• It seems that the only way that the existing 450 homeowners could have the right to vet the background of the families to be housed in some of the currently empty 650 homes would be if the 450 owners were to purchase the remaining 650 homes. This seems the only way to maintain exclusivity.
• The new tenants would presumably have the same rights to medical and education services as any other residents, be they Spanish families, retired British, expat British families, or whoever.

Perhaps the only aspect that remains to complain to the new majority owner about is compliance with whatever covenants were conctracted when they bought from the builders. Has anybody seen that contract / escritura?