Hi All
Just returned from sunny Spain
Been to site, spoken to Christian who was very helpful. Also popped into the ADH office at Fuengirola where I paid the retaining fee deposit well over a year ago (this person did not know anything about or even heard about the vista Hermosa development and did not know the person who had shown me around on my initial buying visit and informs me that he must have left the company)
After making several phone calls he informed me that everything seems to be going a head. There was no problems that anybody was aware of. “ no news is good news” ...as he put it. (What a waste of time that was)
Although he mentions for some strange reason that if the developer fails to build on time and is out of contract that we could get the deposit back plus 6% interest with the bank guarantee that we have.
Next day we drive down to development site. (50 mins from fuengirola)
Initially every thing seems to have developed up substantially.
Front entrance looking the part, no one in show home so phone promaga sales office to see if any body was around so we can chat.
We then walk around the site taking loads of photos (these will be uploaded very soon)
The front part looks just about finished phase 1&3
The back part phase 4&2 looks like the front did last year.
Men were at work in all areas. But did not seem as many as last year.
The pool near to the town houses was just about finished, the other pool near to apartments still under construction.
After going in full circle around the development. Returned to show home where we were met by Christian who had been informed of our where abouts.
He told us that he was at another site just further down, which he is also looking after in the finishing stages. Due to staff cut backs on the (sales side) 5 staff left out of 20
We visit show home of a town house, where the finish seemed to be of a high standard “impressed”
Christian informed us, Phase 1 should be ready for people to move into Dec 2008
Phase 2 jun – july 2009 Phase 3 feb – march 2009 & Phase 4 Oct –Dec 2009
Because of delays and people needing to move now promaga would help with finding finished houses to move into
with Promaga site, supplying electric and gas for the accommodation. (temporary measure)
We are told 30% of the properties have not been sold.
Price remains the same as when we purchased, they did rise a little bit but had to drop them back down because of market circumstances.
When asking if people have dropped out of their purchase he replies some may use the excuse that the build would not be finished on time, when the real reason is that they now can not afford or get a mortgage due to a change in circumstances.
He then took us for a walk around and though the site where we saw our own half finish apartment in phase four.
It looks like private builds of one offs are going up behind the development but nothing major and should not affect us.
Christian was very helpful and seemed to be honest.
Calv & Elly
website is being develped for you to see the pics we took and more pics will be added this week
http://www.ellesbiz.co.uk/spain/spain.htm
go and have a look
This message was last edited by calvin on 8/11/2008.