UGR a Few Questions

Hi guys im looking at buying on UGR a few questions for people who may of bought in the last 12 months,

1--- Did you pay the asking price that the banks wanted ?

2--- Did the banks clear all the debts on the property that would be owed in community fees ?

3---What other costs did you have to pay for the utilities to be connected ?

4---Has anybody on UGR had to pay back iva to the tax man because he has deemed you bought the property at less than he thinks you should have paid ?

Hi NewWorld

Couldn't help noticing that you sold a property on La Torre (unless there are two Newworld's on EOS!  - would your lawyer not be able to answer a few of the questions you have asked - but I would imagine the prices being quoted by the banks are surely very reasonable as they will just be covering their debt position - i.e. the value of hte mortgage on the property.  As I understand matters, the community debts for the last 2 years should be settled and as for connnection fees - if you are buying a property that has never been occupied down to you I would imagine.  But again your lawyer should be able to advise.

As for buying on La Tercia - lots of folks who know me know I am completely biased in favour of the place since we bought off plan there and completed in 2008.  I have seen the place develop, fall back and I believe is now on the rise again.  The only facility not there is the golf course and club house and that is still owned by the developer/bank.   

Hope this helps a little.

Sandra

Sandra I missed the course last month 9 holes is perfect when very hot .have you any ideas to when it may well reopen .

is it being maintained at all at the moment ,great little resort .good luck .

Graham 

That is a million dollar question Goose.  I wish some investor would take a punt on it and get it up and running but I understand it will cost loads to get the course into any kind of playable condition.  So, sorry I know nothing about how and when and wish it was going to happen!  Sorry I can't be more helpful on this one.

Sandra

Thanks Sandra .dont forget to post when it happens and good luck .

Hi goose

If and when it happens I will be on every forum broadcasting the news ...... Bu there again might just keep quiet and it will be our secret !  Just so we don't get inundated !!  Just love the peace and tranquility of the resort ! 

Thanks for your support. 

That's the spirit Sandra .im on terrazaz and love it for it's quite played 18 holes and got burnt . The range and clubhouse were great at yours .

heard when I was over that corvera had a offer and they turned it down and it was a decent offer .

just don't get the Spanish mentality sometimes .last time I played your course there was a thunderstorm and they told us to come back and play for free,as we walked in after 6 holes . Nice people down your place .

once again good luck.

graham