We cancelled at the end of May and got full refund with interest mid July. The interest more than covered the cancellation charges of the solicitor and other expenses. So we were not at a loss. The market was slow at the end of August and we negotiated and bought better apartment which was 2 years old elsewhere. We are extremely happy with our purchase, delighted with the location of the new apartment and we are thanking our lucky stars that the mess with Arenal in fact resulted in our new purchase.