29 Apr 2008 9:26 PM:

We have a similar completion issue on which we would appreciate any advice.

We (my wife and I) started to purchase an off plan apartment in Almerimar in July 2005 when we were advised that the completion date would be February 2008 (the resume of the contract received from our solicitors for our power of attourney clearly shows this). it also states that ''should the developer not fulfil its liabilities resulted from the present contract, the buyer may opt between a) to force the developer to deliver the property or b) to cancel the purchase contract and to claim the sums already paid in duplicate''

We added a garage space to the contract in October 2007 but did not agree to any change of completion date. We are now advised that completion will probably be June 2008. In trying to arrange a mortgage we have recently discovered that due to the falling property market our apartment has been under valued by 25%.

 

Is the delay in completion potentially a breach of contract?

Thread: Voluntary dismissal

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