05 Jan 2008 12:40 PM:

We've been through a similar loop to some extent and with our apartment nearing completion finally settled on taking over the developers mortgage which turned out to be the cheaper option although we will still need to find some funds from the Uk to cover the shortfall. The Spanish Bank were very helpful and although there is a lot more paperwork/evidence involved than we are used to in the UK, the process was really quite trouble free.

We too considered selling on prior to completion but ended up not doing so for two reasons. The state of the market isn't good and with the amount of property available this just isn't a good time and not being desparate sell it seems sensible to hang on for better times. Interesting though the other reason relates to Andalucian Dream Homes who we purchased through and therefore approached regarding the potential resale - despite having the apartment on their books for over 6 months, they did absolutely nothing...............they can't be blamedfor the general market conditions but the earlier comments in this message thread suggest that this is a common issue with them !

Thread: Advice on Off-plan Disaster Please

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