09 Jan 2011 12:00 AM:

I and my family bought off plan 3 years ago ,we put down the  large deposit required and since then have been paying interest on the loan while nothing much happens in Spain.

We have been told that before our part of the development can be started the existing built properties must be sold first and in the meantime we are financing the developer with our money.

We were offered a discounted price on a completed property but would still be expected to buy the property we are awaiting to be started ,never mind built

The deposit was £60,000 and we are now considering what is the best course of action,the legal system in Spain is different and we have been told it will be expensive to get our money back.

Is there anyone else out there dealing with this company or is there a Spanish property expert who can advise us on the best course of action.

We expected that by now the property would be providing us with a holiday home in a lovely part of Spain and an  income to help maintain and finance it

 

Thread: Peninsula Properties Granada -Medina Golf Development

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