We researched for 7 years before purchasing our apartment, made several private visits & 5 visits with agents. asked for written conformation from the lawyer of the search they would do and still we have been duped. The Notary held both our final payment and the same value from the builder to ensure us that if the builder failed the finance held a total of €52k would be used to complete any problems. A Few months later the builder confirmed the complex was completed and the fund was paid back to him.
Obviously no checks were made to prove otherwise. 11 non nationals had completed their Purchase, all using different agents and Lawyers. The builder at the Notary's meeting charged €900 in cash for the utility meters to be fitted, 10 of these purchasers paid up. One lawyer held on to the cash payment waiting for the proof of the meters being installed. Tell me now where the mal-administration lies.
The main problem in my opinion was with the Notary, one legal person we should be able to trust. Our agent advised that we were smartly turned out for the completion. The lawyer promised to do a complete search. The agent told us we were looking at the last apartment on the ground floor. We took on board and read all the details for all these statements because we were in a foreign country and wished for nothing to go wrong.
8 years on we have no utility Transformer, the road is still mud, part of the lift has been removed. the community fund has paid for sprinklers in the garage and many other faults to be put right. The Builder sneeked in and removed the pumping system for the emergency water system,
The builder is still trading under another name, the Agent ATLAS is still advertising property & the Lawyer still in business. Most of the Nationals that were living on the complex also failed to pay the community fees which paid their utility costs. The Builder collected rents from his tenants yet failed to pay any community fees which paid the community utility charges for the whole complex.
This message was last edited by Poedoe on 22/06/2014.
This message was last edited by Poedoe on 22/06/2014.