12 Jan 2009 2:50 AM:

Thank you for your answer Maria. But it's still not clear to me if PW can stall the time period to completion endlessly because:

-  there isn't a completion date set in the contract
- the 18 month to completion mentioned in the contract, starts at the beginning of the building works. They did't start the
  building works yet and probably won't (in the near future). So they don't have a formal enforceable deadline in the contract. 

Thread: Refunds from Polaris World

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10 Jan 2009 2:55 PM:

I bought a townhouse in 2005 on Mar Menor 2 from Polaris World and payed already 100.000 euro's. They didn't even start the buiding and probably won't. They didn't start the building yet because of permit reasons (of course they don't put that in writing).

They offered me to switch, but:

- they don't have identical townhouses where they can give us a delivery date

- we don't like the other options offered

I have a clause in the contract 'completion 18 months after start of the building works', unfortunately not a completion date. Do I have a chance to cancel the contract and get my money back? And a lot of people talk about getting interest back. Any indication how much that is? And did anybody get interest back?

 

Regards,

Thread: Refunds from Polaris World

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