jimena latest

Hello

My solicitors are currently in friendly negotiation with Arenal and things are appearing very hopeful that an agreement can be agreed re. shorter time frame for refund plus compensation.  They have come back with  a revised date but this too is being rejected.   The good thing is that Arenal are in contact with my solicitor and are co-operating in trying to resolve this matter.

Carol

I am sorry to hear about all the block 3 investors. I am in block 1 ground floor myself but this has all left a bitter taste. For anyone else in blocks 1 and 2, the social housing implication (partly my fault I think from an earlier post) is incorrect. Block 3 is now allocated as VPO which is essentially like housing association in the UK. The flats will be sold at a subsidised rate to locals who have been priced out of the market by the general price rises in the last few years. It is only these VPO properties that cannot be sold on at a profit for the next 10 years - everyone else is free to sell to whoever they want at whatever price they can achieve.

Before this news broke I was considering my options with regard to the over-run on completion. I was put in touch with a lawyer who is acting for others trying to recover deposits. Hopefully you will all be able get your money back amicably but if you find you need some advise, email me and I'll pass on the lawyer's details. Best of luck. Keith

We are also in Block 1 and we are also very sorry for all those that have bought in Block 3 and hope you all get your monies returned. I am currently receiving no response from my solicitors, Manzanares in Marbella despite a number of e-mails, its almost as if they have disappeared off the face of the earth, i do now wish i had chosen a diferent one. Thanks to all for keeping us informed

Just found this article on www.cadiznews.co.uk

ARENAL PROPERTY LOTTERY IN JIMENA

The mayor of Jimena, Ildefonso Gómez, along with the councillor for social services, Mercedes Segovia, recently visited the apartments built by constructor Arenal 2000 that will be set aside for social housing. It transpires that 30 per cent of the development is for those people who cannot afford homes in the housing market and this equates to 42 properties.

It is understood that the lottery for the distribution will be carried out by a notary and will involve those who have applied who meet the regional government's conditions as laid down by law. The Arenal 2000 residential development at the entry to Jimena has been paralysed as it breaks the town hall's overbuilding regulations. Many of these apartments have been sold to British and other overseas buyers and no statement has been made as to when this embargoed will be lifted or under what legal terms.

IS there anyone else out there in the dreaded block three which is where I bought a top floor apartment? My solicitor Kriado Kraus is working to get my deposit back. I should get shouldn't I ? For those lucky enought to be in blocks one and two - any news on when you will get the keys? Any news in general would be much appreciated as I am still shell shocked with the way I have been treated.

Best wishes, Sara P.  

Hi to all,

We are new to this board. My wife Sue and myself bought a ground floor apartment in Block 2, the one that faces onto the football pitch. Don't know which portal, but it's on the righthand side as you look up towards the village from Block 1. Wonder if we have any near neighbours here?

I wonder if anyone else is in a similar position to us? Our solicitor is Juan Gallardo of Kriado & Kraus, who a couple of weeks ago informed us that Arenal 2000 were offering all purchasers an option to cancel and get their money back. I can understand this for buyers in Block 3, but am surprised that Arenal has extended this to ALL purchasers. Has anyone else NOT in Block 3 been offered a refund?

We don't know whether to take the refund or not (even if it's a genuine offer and not a mistake by our solicitor), as the apartments seem such good value for money, and we like being away from the sea and crowds. We have up to this Wednesday to make up our minds, so any prompt comments/info in making our minds up would be much appreciated. We are in no hurry for the place, as hoping to retire in 2 or 3 years time, so the longer, within reason!, that we don't pay the remaining cost the better for us!

Thanks in anticipation

Henry & Sue

Henry and Sue.

I am in block 1 and have not been offered an option to cancel. A few weeks back I was informed that I could cancel but lose 10% of my deposit (circa €3.9k). I would also have to wait until at least August for the balance to be repaid. Other than that, my solicitor said that if completetion does not take place by 30th May, I could pull out - no idea when I would get a refund then. I hear very little (almost nothing actually) from my solicitor and have not heard that Arenal are giving the option to cancel - then again, I'm sure my solicitor would not have told me either way.

Melanie.

I can't stand the gypsy kings but I'm sure that won't get us chucking turron at each other from across the internal balcony/patio we are going to be sharing.

Thanks for the reply Keith.

I'm posting the latest email we have just received (10.31 am today) from Criado & Kraus for your information.

There should be no legal complications as the developer has already

agreed to refund you. The cancellation will be signed on Thursday and you

will have your money back plus interests in a couple of months, with full

guarantees.

        Kind regards

Jose Ignacio Macías 

Criado & Kraus - Senior Litigation Lawyer

He seems to be very confident, anybody with any cooments/additions?

Henry & Sue

Hi

I am in block 2, i have been in touch with my Solicitor and apparently i can have a full refund (no interest) within 120 days and i am going ahead with this and cancelling. Arenal could be agreeable because they already have buyers from Block 3 but at this point i feel ive just had enough! I wish everyone that goes ahead with the purchase good luck and hopefully a good return on their investment.