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In spain all the banks and goverment offices and building work close for the whole month of auguest, so i hope all the paper work is sorted by july, or were looking at september before completion as we are in blk 5 also, its the people who were hoping to rent out over the summer that are going to suffer.

Good afternoon,

The first licence of occupation was granted for Block 5 on the 15th of May, this is normally the last requirement of any bank in order to sign a mortgage - it also allows you to legally rent the property as you can now obtain public liability insurance. 

hi,  i have just stumbled across this site and glad there are other people out there to share things with. Me and my buisness partner bought at porto fino with mri in block 6.  Been looking forward to it being ready for so long just getting a bit jittery now! We are struggling to get a mortgage after orginally on purchase we were told no problem but i do appreciate the current climate but now they are saying we might have to take the builders finance?? Does anyone else have this problem? i have heard that the deal is ok but you get tied into a long rising rate?

We have also had an e-mail saying we need to have a mortgage in place buy early june or we could lose everthing. I did like the place when we visited in Jan and looked a good finish even though it did feel small. I have read other peoples concerns and i have some myself!! hopefully everthing is gonna be ok cos we are skint now and i just wanna sit round the pool and de-stress!! P.S  why cant i see anyones photos??

Hi everyone,
I just wanted to throw my 2-penny-worth of experience in here. Our apartment is in block 7. We visisted in February and were blown away by how nice it was - it was near as damn it complete then.

We are due to complete in the next 2 weeks and have everything in place to do just that. We even have enquiries about holiday rentals which is great, although we aren't sure when to let people in yet as there is still building work going on in the lower numbered blocks (i.e. 1 - 4). Our balcony seems somewhat different to everyone elses as it is so big, we have fantastic views, especially of the Sierra Nevada mountains in the distance. Our bathroom is a good size and we are really confident that people renting it will want to come again and again.

The recent financial crisis has hit so many of us and it's certainly been difficult for us. If we could have foreseen the exchange rate changes we would have got our money over there 2 years ago. But these things are swings and roundabouts and I'm sure that in a couple of years time things will have swung back in our favour. I wonder if opinions about over-pricing are based on us Brits working in pounds and the exchange rate being as it is - just a thought...

Anyway, good luck to us all, hope to meet some of you by the marina soon.

Chris & Di