26 Oct 2006 12:00 AM:

I have decided to post my situation on the board to see if any other forum members can provide me with any advice.

I entered into a contract with SIFASA in February 2003 for the purchase of a Penthouse apartment in Los Lagos Santa Maria De Golf.

Essentially I paid a 30% deposit with the balance becoming due on the handover of the keys in June 2005 (anticipated completion date.

As a result of the breaches of the planning rules it has not been possible for the developer to gain an occupation licence. I am left in the position where I cannot complete the transaction and the developer will not refund my deposit.

My lawyers offer no more than vague advice and there seems little prospect of an early resolution.

My options would include raising an action but this may be costly and problematic

Can anyone offer any advice and has anyone already been able to find a solution to a similar problem?
Thread: Return of deposit

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