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Spain News : Andalucía : Costa del Sol
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British and Spanish real estate companies face each other in Málaga Court
By h.b. - May 18, 2006 - 4:31 PM


The court is hearing an arguement between British company, Ocean View Properties, and Spanish company Aifos
A British company, Ocean View Properties, has started legal action in Instruction Court 3 in Málaga against a Spanish real estate company Aifos, on charges of fraud. The case relates to the purchase of at least 166 off plan homes on the Costa del Sol between 2001 and 2003.

Ocean View claims that Aifos sold properties without construction licences and sometimes when even the ownership of the land was in doubt. They are reclaiming 20 million € in compensation. However Aifos claims that it was Ocean View who engaged in misleading advertising and fraud in their attempts to sell the properties, offering their clients incorrect information on the legalities of certain developments.

Among the developments implicated in the case is the Colinas de Estepona, Calahonda Hills, and Balcones. Most of the sales were to British purchasers, and construction has never started at any of the sites.

Hi Welsh47

This is quite an old article I think OVP won the case and dont think it relates to this development as the developer is Codelsa not Aifos

Hi

We  bought off OVP in estepona Del Coral Portal after 5 years we have no property despite it being built for over a year

Ocean View and the develper ( dont know who this is ) are in dispute not sure exactly what but its likely to be money

OVP have told us to sue the developer as its not their problem ,they are only the agent! despite us paying them

We are trying to gather people together who find themselves in the same situation

Please message me

Jill

Hi Gillian1

I have sent private messages to you and Starlight. I am reluctant to give my email address on this open part of the website. Please make contact via the private message route. There are a number of people in a similar situation to you. As a point of interest Starlight is right in saying Codelsa is the builder/developer but as you say the deposits were paid to OVP.

Brian & Mike