The current situation

just seen quote below , does any one have any news on what is happening. we to love our appartment and are glad we bought rather than linning the pockets of lawyers.

 kenny e,  do you have any news has pennoyra done a deal  and what do you think of the idea of the new road on the pguo.

An interesting article from the Sur this weekend

http://www.surinenglish.com/noticias.php?Noticia=11334

The 2007 PGOU for Marbella can be downloaded in PDF format from:

http://www.marbella.es/descargas/pgou07/01_ordenacion_estructural/02_modelo_15000.pdf

Please note this file is 43.9 meg so it could take time to download depending on your set up.

John

 Have just returned from a visit to our apartment after 3 years and consider the whole development to be a real jem.

We have seen the plan and are delighted with the proposals except for the possible use of the road for through traffic. There is a more viable route for this road which the planners will realize once they get out of their offices and pay a visit to the site.

We have no worries. Our lawyer has an apartment at LRH and is very unconcerned about all the fuss, so why should we be; especially as corporate speculators are trying to use this period of ''uncertainty'' to play on peoples fears. Their intentions being to drive prices down around the whole of Marbella in preparation for a big buy up for their own investment portfolios.

Anyway, where could they put all the bricks?

Mitch

Hi Mitch

Interested to hear that you thought the development was a jem.  We visited in May and did not like it at all - far too tightly packed and very run down and I can't imagine its changed much since then.

What block are you in - we are purchasing in block 3, manzana 7 - the largest of the manzanas but I must admit that when we visited some of the other manzanas looked very good, pity that the developer seems to have got a bit greedy when it came to 7 and overdeveloped the site.

Regards

Brenda

Yes Brenda, M7 is more compact than our M2 but it has always been shown to be so on the original brochure map and the model in the sales office; not therefore an idea the developers came up with during the course of the development which is what you seem to suggest. We visited the site in 2001 when it was just a barren landscape, populated only by some earth moving equipment and the where-with-all for erecting the ubiquitous cranes. It was a very wet and cold windy week and therefore very difficult then to imagine how it was all going to turn out, but we took a chance off plan and are very pleased with the result. I hope you will feel the same after M7 has had the chance to mature as ours has.

Mitch.

Will take a bloody long time to mature to create a garden thats supposed to be on many  garden apartments on block 7.

While the develoment does indeed look very nice apart from a few that are letting the side down (doggies and gardens like tips), think many on block 7 really did have a raw deal to be honest.

Finish nothing like as good as some of the nice blocks and lets the whole development down and in fact built on spindle like iron poles.

The ones on the corner  of block 7 had better not lean to far over the balcony or have a patio party as they will end up somewhere near Capopino beach when it rolls down the hillside

Now they could have an apartment based on what they saw in Block 4 etc then thats what I call a fair deal.

To those that have been fortunate then good luck to you as you have a nice apartment in an excellent location .those on block 7 all I can say is if La Reserva were a body then this would be is arse. ( oops)

Dan

It has been posted on another forum this morning that discussions are currently going ahead regarding the land compensation to Marbella Town Council.

It has been indicated that if the development company is no longer in existance and the developer has not previously made their "donation" at the time this "payback" is required, then the homeowners will have to make this payment .  This is not new news.

However, the amount indicated in the posting I refer to, is given at €20,000 to €40,000 per dwelling which will be placed as a charge at the land registry and would need to be cleared within two years.

If this is accurate and becomes fact, it is far higher than we might have ever guessed. 

Maddy

Is this the same article you read?. http://www.direct-auctions.com/EN/123EN.news.results.asp?newsid=2900

   1,The new PGOU crearly shows that LRdM is in an area classed as residential

   2, Our developer Pennaroya are still very much alive and well

This just sounds like another piece on nagative posting, I thought we had all got over that now

John

we have just returned from a great week in la reserva. We were talking to a resident at the pool that understood that pennoryra had done a deal by giving land to the council around La reserva that could never be built on. perhaps kenny e could give us the latest news

best wishes james

An informative report regarding current legal situation:   http://www.lawbird.com/articles/view/25

• To save you reading the full article……….

La Reserva de Marbella. Residential complex. Must grant 27% of its land as well as 12.182 m2 of a plot in the N-340 highway, opposite pueblo andaluz, and another plot located in the N-340 highway next to Puerto de Cabopino.

For what it's worth I queried this situation with my lawyer in Spain who informs me that Penarroya is one of the developers who is accepting the compensation so the residents should not be asked to contribute towards any compensation.  

Sorry I know i said I was sodding off and selling my 2 apartments. I am just back to say there is no sale.  No Sale for all different reasons....no licence.....too much property for sale in la reserva........the market is poor etc etc etc.

I am now told its going to get a lot worse before it gets better with or without licence.

I am told from people in the property business that prices will fall and continue to fall in the Costa del sol generally with no improvement in sight for years to come. They say we may well end up with properties down 30% on what we paid for them some years ago.

In relation to La Reserva I was there in September and yes the dogs were there barking barking and more barking. I spoke to another resident who said he had enough of it and was off to sell his property that week. I informed him that may not be as easy as he thinks.

My letter box was broken and my post scattered around. I thought the gardens had failed on my previous visit. The security barrier was up and no questions asked. Doors to the 2 blocks were open.

Im sorry for sounding so negative. I know there will people saying to me to sod off but its only what i hear and see.  I wish I did have good news about la reserva and the Costa Del sol.

The estate agents are gone, offices closed up. It looks so sad looking in their windows and remembering what they told us ,20% increase per year ..........What a laugh.

The Cranes in the sky are gone and the buyers are gone. The show is over licence or not and like it or not. 

Please dont all shout at me together..............I really hope someone agrees with me this time.

Anyone got any words of hope/encouragement? or our we all burying our heads in the sand? How many years before we can expect a reasonable selling price?

In the meantime to protect our investments we should be addressing the issues which will turn off prospective buyers and are dragging the development down i.e. the  dogs. There must be a way of intoducing a rule for the whole Manzana that if the dogs are a nuisance they are not allowed to stay, I was surprised to findt they were allowed on developments anyway with apartments.

In defence of any ownwers who do have dogs and do not leave them unattended on terraces for long periods of time and do pick up their dirt on walks around the complex-well done!. I actually saw someone out walking their dogs and picking their way through dog dirt and obviously annoyed about the fact that other people do not care, so there are considerate dog owners about.

Does Spain have the equivalent of a RS.P.C.A. ? dogs left locked on terraces barking all day, would be investigated in UK

I actually love dogs, and if I lived out there for good would probably have one, but not to leave it out all day long in hot weather, it's no wonder they become distressed.

We should all be pushing for some sort of action from the Community Administrators, don't leave it until AGM nag now. Copy the guys post about the barking and send it to your Vice President. Can't do anything about the state of the prices etc but we can protect the complex and everything that goes with it.

As for unlocked gates etc I am pretty sure the lack of interest and care, and sheer up yours in regards to rules is down to people renting not owning. Unfortunately because of the nightmare which has happened with licences, false promises of returns by Estate Agents etc many people are back here in UK or elsewhere, with no choice, but to rent out to keep their heads afloat. and that could be bad news for the rest of us who either live on La Reserva or who are trying not to rent out.

 Would you care if your tenant was leaving security doors open, sabotaging garage and security gates, leaving dogs out while at work all day, hanging sheets/mats over terrace walls/fences?-don't think so. As long as your mortgage/community charges were being met, it's not your problem, and there is nothing legally in place to make it your problem either.

If it is true that the gaining of the licence will not help  the value of the properties, then that is another set back.I have a spanish friend who has seen photos of La Reserva and thinks we have bought well not just the complex but where it is. The gaining of the licence has never been a problem to her as she was certain we would get it, and she thought that once we did get it the value would go up. We were not expecting a huge increase, but talk now of 30% devalue on price we paid is very worrying.

And one last thing before I go off to slash my wrists!! I feel very sorry for the small Estate Agents who have closed down, it's not a fair world, I would not have been sorry however if the big guys had fallen. We all know who they are, and the one in particular who sits along side the N340 all day. Never mind every dog has his day! I feel better now.

We have just returned from our appartment and have had a great week. I agree that we need to do something about the dogs, we have a dog and we are quite disgusted at the care given to these dogs, locked out all day. We must protect out investments and the general community. NO ONE WILL BUY if next door there is a howling dog. AGAIN perhaps Kenny E could give some advice. There are some very responsible dog owners in la reserva and i would hate to see dogs banned but there must be something we can do.

there is some good news

                        1. The Americans are coming, direct flights into malaga next year.( potential more tourist's)

                       2. We have a developer that is talking to marbella council and i believe will settle the land deal. Other developments are not so lucky!

                       3. Yes prices are down but the housing market in uk is sliding into trouble, other markets also in trouble. By to let bubble in uk just to burst.

                        4. Marbella now planning major rail/ road links, expanding airport.

                        5. Yes buyers have gone to eastern europe on the promises of rich pickings, the  same eatate agents who sold us a dream. I gather the same lies are being told and promises of great rental incomes. Marbella has the sun, sand and sangria so they will be back

                        6. We could be living at banana beach and the hassle they are having ,so i know things are not good but they could be much worse

I may be fooling my self but i believe the marbella area, with its great weather will climb out of the hole created by gready developers/lawyers/ estate agents and council officers. We bought because we like marbella and  like all investments they can go up and down time will tell. We were told lies abour potential rental income 1000 euros a week in the summer! lucky to get 450euros.( can't name the company but i am sure you know them) It has been a nightmare little did we know in 2003 what we were getting into. However we must all work to keep la reserva up to a good stardard to protect our investments and so we can enjoy a pleasant place to live and have holidays in the sun

Jamesyvonne-good to know others are concerend.

There must be something that can be done when  the Community rules are being broken, and maybe we need a couple of new rules introduced. We have to let the Administrators know of our concerns and what is going  on, you can't have someone getting to the stage that they are having to sell up, because of a few dogs for goodness sake!!  I don't know where Goonan has apartments, but we are on Manzana 3. If anyone from there feels strongly about these issues please email me and I will let you have the Vice President's email. On a positive note James/yvonne, yes all your points can only be good for us all.

Maddy-I am sure that there are other owners renting out like yourseves who are concerned, and care about La Reserva and inform tenants of the community rules, unfortunately there will be others who don't. For all I know  some of the culprits are owners living there. That is probably more worrying.

I am glad everyone is suddenly seeing the full picture.  We completed on our apartment in 2003 and have had issues from day one with lies from the Estate Agents and The Developer.  We had a problem with our Ex Presidente in the fact the he was married to Pennaroya and so didn't have our interests at heart.!!  Luckily, we own in a very small Manzana with only 12 apts in our block and something like 45 in the whole of our community and so it is much easier for us to all work together.  I do feel sorry for those who purchased in the larger Blocks because it must be a nightmare.  We now have a great presidente who has worked extremely hard on our behalf. 

I understand that we (the owners)  may be liable to pay compensation to Marbella council in the region of 20-40,000 € our community has already written individual letters to Marbella Council opposing this and we have also written in with letters re the new road proposals.

We have used our apartment alot in the last three years and love it but unfortuantely we are going to have to look at a long term rental as the holiday rental market has also dropped -there is some much competition out there.

Interestingly enough the BBC contacted me, to ask about our purchase with MRI (don't know how he got my no) but is interested to hear from anyone who bought through them. Already done a programme on Radio 4 and another is on youtube!!

I think the issues mentioned below are not only for each Manzana Presidente but the Master Community.

Lets all continue to work together and help each other where we can and hopefully in the future everything will be sorted and we will have a development to be proud of.