29 Jan 2009 2:55 PM:
I haven't posted in a while because, like most people who invested in property either for business or pleasure, I am in shock about what has happened to so many people who put their trust and hard earned cash into their futures. I am one of them. We were all seriously misled by the information given to us at the onset and for the most part none of us did the due diligence required in such a purchase but we relied on the honestly of the solicitors in the UK, the honesty of our Spanish solicitors, the developers and the banks all recommended by the company we dealt with. This is how all of the money all over the world has disappeared and it is called greed and fraud.
As far as I personally am concerned I can't wait until some heads roll and people end up in jail for fraud and although there has been much printed in the local press in the UK it doesn't seem to really have prevented more people doing the same thing.
I would like to suggest to all of those of you who are being offered a new property somewhere else that you do not accept but that you go and get your money back if you can. You have to weigh up what has happened to you already which is: you have probably waited 4-5 years for a property which didn't materialize, you have nothing to guarantee the next property (unless you know differently), you will be thinking you can rent or use your new apartment when it is built (none has materialized yet) and you will have nothing but aggravation for years to come setting up your apartment services, snagging, etc. Just look what you might already have gone through.
If you are young, in work and can leave this behind and wait for a refund then my own thoughts are that you should. If you are pensioners or wanting to retire you will still have to wait 4-5 years before the Morocco properties are fully up and running. Why don't you invest in something that is already built in a country which is treats you and your money as if you count. Clearly Spain's time is over as regards these new builds as there are hundreds of thousands of them to be finished. Spain has not made it easy for the tourist with all the high property taxes, etc., etc. You know how it goes and the red tape in buying there is horrendous. Everyone believes they are escaping the UK weather, etc. etc. but imagine how many vacations you could have had with the money you spent on Spain in one building and all the costs incurred for it.
Lastly, I would like to thank this forum for always letting us vent - we are aware that it was not set up for that purpose but it most certainly has allowed people who share a common problem to come together with a view to trying to resolve it. Individually nothing can be done but collectively something might be achieved and I hope it is for everyone who has lost track of their money and has nothing to show for it.
For those of you still phoning or writing to OVPI - they don't exist anymore. For those trying to find CUK and Spanish solicitors - they are all gone. If your solicitors can find them you might get some satisfaction and money back but who knows.
Community thread:
Companies House Updated.
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