latest news on building progress

Hello everyone,

Thankfully some of the gloom has subsided with these more positive vibes from saw1. As stated previously, my Wife and I go out to Spain on Saturday next, for 4 weeks. Whilst there, we will of course carry on the info gathering process. 

In answer to jogary's query on 'company guarantees'. My understanding is, that this form of guarantee is risky. If the company is 'limited' and Grupo Trampolin is, then the liability on the company is also limited. This means, that if the company goes into liquidation, the directors cannot be held responsible for any outstanding debts relating to the company. In simple terms, if they go bust, they walk away and your guarantee which is usually written into the contract, is useless!

Funds which are bank guaranteed, are lodged in an independent bank account which cannot be accessed by either party . In the event of either party being in breach of contract, then the other party receives the monies back via the bank. On the other hand, if things work out as planned. Then, on completion, the monies are transferred into the builders account. Obviously, things don't happen as simply as that. But it's roughly, how it works.

From the builder's cash flow perspective, it's easy to see which would be his preferred method of payment. It's a no brain-er!

As jogary has pointed out, it is illegal for a Spanish (limited) construction company not to offer a bank guarantee on an off plan purchase. I have recently seen a case where  civil action was taken privately against the M D of a bust company on the basis of breach of consumer rights. The Spanish legal system is beginning to cast it's net over these unscrupulous people.

May we be the first to wish all Trampolin Hills and El Trampolin buyers a Happy and Peaceful Christmas. Lets all wish for good thing to happen in the New Year.

Regards 

HIYA, LETS ALL BE MORE POSITIVE, AND ALL THIS SCARE MONGERING WILL PUT PROSPECTIVE BUYERS OFF PURCHASING ON TRAMPOLIN HILLS, IF NO ONE ELSE BUYS ON THE SITE THEN THE COMPANY WILL GO BANKRUPT, SO LETS ALL STAY POSITIVE.  I HAVE HEARD RUMOURS THAT PEOPLE ON HERE ARE POSTING NEGATIVE COMMENTS FROM COMPANIES SUCH AS POLARIS WORLD.  BE POSITIVE, ALL OUR SOLICITORS SEEM TO BELIEVE IN GRUPO TRAMPOLIN.

 

THANKS M8URK

Hi   I like other people stopped posting to the forum because I  am becoming increasing worried about negative posts.  There appear to be a lot of people viewing the posts but not a lot of people replying (these are in the hundreds) these people may be prospective investors hoping to get some positive views from us who have  actually decide to take the plunge and invest.  My view is that to buy off plan is a risky and lengthy process and feel sure that it will all be worth it in the end.  I still feel very excited about the prospect of me and my family spending lots of time in our villa and have no doubt all will be well in the end. I am quite suprised when I read  that people have had trouble obtaining bankers guarentees as our was actually sorted out by our agent here in England, it has been checked by our solicitor and ok'd.

best wishes to everyone

Diane

Glad to see things are looking up. Both here and el trampolin message boards have turned positive. We are going over to trampolin hills this weekend so hopefully we can add to the positive vibe

I agree fully.As stated on another thread we have purchased an apartment in Trampolin Hills and were part of a large group (over 50 people in total) who all bought  various TH  properties.All of us were aware of the fact that buying off plan has certain risks attached but  were happy to proceed as we had every confidence that the Development would go ahead.The main question in my view is one of timing and clearly patience will be required regarding completion dates

Anyone thinking of buying should bear in mind that the later they leave it the more likely it is that they will pay more for the same property (especially once the Golf Course starts to take shape).

I pay little attention to the scaremongers, as most are generally pushing their own agendas.

Best Wishes to all.

 

 

 

 

Hi all, i`m glad to see such a good response from one positive statement about the build so far. To cheer everyone up alittle more , Martha went through the site plan with us and said there are only a few properties remaiming on phase 2 to be sold.(a total of approx 1000 villas and apartments sold so far.)  She then showed us the latest prices for phase 3.  WOW....      All i can say is alot of beer was drunk that night.......   

The latest pricing plan is on the grupo trampolin web site.   It`s worth looking at. 

To all that are going out there soon please give up to date reports , as i am sure you will be pleased with the progress..........

regards

 

Hi All, Saw1 I`ve just looked on the grupo Trampolin web sight and i got a very nice suprise at the increase  in the cost of the villas for phase 3. have you all checked out the pics i put up on the forum recently?. I have a positive attitude towards what will eventually happen on our site. I think that our developement won`t get started until they resolve the issues at EL Trampolin with the granting of habitation licences. Only slight down note has anybody else seen the bad press grupo trampolin has had in the uk press recently over the Richard and Judy competition, I hope The sun and channel 4 get it resolved soon.

By for now, Paul & Karen.

HIYA YES IVE SEEN THE BAD PRESS ABOUT THE RICHARD AND JUDY SHOW WHEN I WAS WATCHING THAT PROGRAM I THOUGHT THEY SHOWED A TRIANA VILLA UP TO WIN!!!!!!! WHOS THE NEXT PEOPLE TO OUT TO SPAIN, I GO ON THE 24TH, SO ILL TAKE SOME MORE PHOTOS AND ADD THEM TO THE SITE.

 

THANKS M8URK

Hi Folks, Visited Trampolin hills yesterday, there were between 20 and 30 large earth movers, tractors, cement lorries etc on site. We drove along the new road although it is not finished ( still to be tarred) Also the area down the left hand side of the Golf course has been started in terms of test digging and plot levelling.  We spoke to the girls in the office although it was sunday and were told phase 1 would be finished in april, I would very much doubt this but at least there is some real progress.

hiya does anyone know when they are going to tarmac the new road?

keith and gillian you should have taken some photos of the new road etc.

Hi all,

Just received update from our solicitor who visited TH recently.He was informed that the streets will all be laid within 2 months and the remaining infrastuctural works will take a further two months to complete.Once this is done the houses and apartments will start.

He was also informed that TH is at the final stage of the process of re-qualification of the land for urban development.This is the ratifacation of the Reginal Government of Murcia and once this is received TH pay the appropriate fees and taxes and get the Building Licences (this is expected to be done by 31/01/2007).

 

Also apparently a Company called J.J.ROS RESTAURACION S.L. (website www.jjros.com) has been contracted to build the houses.It is a reputable building company according to our solicitor.TH will do the roads and infrastructural works.

 

TH has not contracted with any Company to run and maintain the Golf Course or Hotel but is in negotiations and will not decide until the construction of the houses starts.

 

All in all reasonably positive news.