Hello to you all.
I have been viewing this Forum for quite some time now and I would like to add that I think it is a very important source of information for many people caught up in the Spanish Property high's & low's and has been a great help to myself, sometimes a little disturbing to read the truth, but nevertheless, helpful.
I purchased a 3 Bed 2 Bath in Bloque Derby in April 03 and was told by the Agent (who happens to be a Friend) when making my 1st payment, Good Luck but please don't worry, this is an excellent investment, I promise you! those were his words. Now I am sure that when he wrote those words in an email that he sent to me, he genuinely thought that, but as we all know, things change and unforseen problems occur (Albeit very large problems concerning Hipodromo) so about a month or so ago, I emailed him, asking for his honest opinion on what he thinks will be the outcome of what seems to be an ill fated Hipodromo Development, considering he told me that a lot of his clients that bought on Hipodromo from him, want to offload, needless to say, I am still waiting for his reply, so I was wondering if there is anyone who could answer my question Honestly, that is, if it can be answered at all?
1) Will these Apartments ever be handed over to their rightful owners, and if not, will we lose our Deposit money???
I now know that buying off plan in Spain can have its Problems, not with all Developers, but with quite a few to say the least and if I ever considered buying in Spain again, I would not take the Agents word as a Guarantee, I will not fall out with my Friend who is the Agent, we go back too far, we all make mistakes, as i may have done in buying without thinking, but I am a little dissapointed to find that he could not give me his honest opinion, whatever it maybe!!!
I hope that there will be a reasonable outcome for all concerned, with all the heartache and worry caused by this stressful situation,
Kind Regards,
Terry.