15 Jan 2008 1:49 PM:
Maria
In your post yesterday evening you mention "rights for a price reduction".
We put a deposit on a off plan property in Mijas in April 2003. The completion date in our contract is December 2005. In January 2007 a new developer was appointed who agreed to take over the contracts but none of the owners was contacted and asked if they agreed to extend the contract. We were not given a new contract with a new completion date. The properties are still not complete, but he LFO has been applied for. We have waited and not asked for our deposit back as we really want the apartment, but we would like to ask for a reduction in the price as compensation and would like your advice on how much it is reasonable to ask for and whether there is any law regarding this.
Thank you for any help you can give.
Thread:
When is Completion?
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