Hi
I'm a newbie to this forum. We've just returned from a 3 day whistle stop tour of the area and properties with Andalusian Dream Homes. Their agent, Chris, was very good and tried very hard with us!
The best property offered by far was a penthouse in Milos (bottom end next to Rea (or is it Kea?)) for €390,000. Great views and huge terrace. However, we were given a story about a speculator who had bought 8 units off plan and could only complete on 7. This one was therefore a "prime" unit i.e. returned to the prime (developer) to sell, having had 30% already paid, and therefore was at a substantial discount.
We got cold feet and didn't buy (our budget was a max of €350K) - however, sitting here in Portsmouth with the central heating on and raining outside we are having serious second thoughts!
Questions
1. Is the 'resale' story above likely to be true?
2. Any ideas on the original price or whether this represents a good price now.
3. Any other issues, good or bad, about this development?
Thanks in advance
Roger