17 Oct 2011 8:16 PM:
Hi -
Just been looking at your threads and I note that "our " development is not listed , the details are as follows :
Development:
Name of the development(s) JARDIN TROPICAL
The area is RIVIERA DE SOL , CALAHONDA, Mijas , Marbella Area
Region is COST A DEL SOL
Average Deposit is 60,000 Euros
Bank Guarantees – worthless
Start of development 2002/3
No of Properties (‘sold’) 99 to English , Irish , Spanish ? investors
Developer is LARIOS 2000 - GONE BUST
DIRECTOR …………..
My agent was BOLAND INTERNATIONAL – GONE TO BULGARIA
Final Figure estimated at €5,940.000 for all 99 apartments.
UNTIL SPAIN CLEAN UP THEIR ACT I WOULD ADVISE AGAINST ANYONE BUYING OR INVESTING IN SPAIN.
No wonder they send someone over to do a roadshow.
We have be in the courts for the last 6 years . SO much for Spainish Law.
Thread:
185 Million Euros in off plan deposits lost on just five developments. Want to add yours?
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