Now there is a Community thread for this development but not everyone looks at it and also buyers and potential buyers have not all yet been advised of the recent development
Hence this post
The history is that Huma Med S L had to stop ACC [ Almanzora Country Club] and buyers were given an option to change to Oasis [ OTCC] in January 2008-many did but due to the banking crisis 12 months ago building stopped
Perhaps a sign that Banks are more positive now but building work has now re started
The developer is Huma Indalo SL and they now have arrangements with builders to get going again and also Santander [ one of the largest banks in the world] will provide mortgage facilities to buyers
This again is positive as up to now non residents have found mortgages difficult [ except for Bank repossession sales like from CAM Bank who will provide them also but only on their sales!]
So if you have taken the OTCC option or would like to , or just a new buyer [ of which there are quite a lot] then you now know the 'News'
Huma Indalo SL did send out an e-mail last week and an attached PDF but not everyone involved has received it yet
If anyone would like a copy please get in touch and I will send it
A couple of points that anyone who reads this thread should know:
Quite a lot of ACC buyers do not like or trust Huma Med S L or any company with the Huma name and from their perspective it is fully justified
I was in ACC then changed to OTCC. so I am a happy buyer that OTCC has re started even though there are still some matters to be sorted...my deposit of 54K € is I'm sure no longer at risk
There is no doubt that OTCC does have all the permits and although I have all the papers to support this , the fact that Santander is now involved indicates to me that ' 2009 and into 2010' OTCC will be built and is fully legal'
This message was last edited by rowlandsbb on 23/11/2009.
This message was last edited by rowlandsbb on 23/11/2009.