02 Dec 2008 12:00 AM:

Since our original visit in May 2007, when we fell in love with the idea of a second home in the sun, and commiting ourselves financially to making it happen, we now find ourselves in a situation where it is becoming increasingly obvious that we may have to walk away from the dream and lose our 25%.

The housing market in England has collapsed, with our home being devalued on a regular basis, therefore raising the finance to complete is now nearly out of reach, as the equity in our home is that much less.

This, in conjunction with the very weak pound, which has recently dropped yet again, means that the apartment price will be 25% more than  we originally agreed.

Are there other people out there experiencing the same problems, and if so does anyone have any ideas ????

Clive & Sue Hemingway

 

 

 

Community thread: Economic decline in England and the weak pound - We are now struggling to be able to complete.

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17 Oct 2007 12:00 AM:

Hi All

We have bourght at  B-3 M-20 Phase 2 back in May,  which is due for completion July 2009 and are now sat cooling our heels, its good to know were not on our own. Does anyone reading this know, besides whats been posted,  for sure what the monthly service costs are? We  are a bit worried as costs listed by sush are more than what we were led to believe when purchasing ie we were told they would be cheaper than the UK.

We are going out there in April 2008 and would be interested in renting an apt. in phase one if anyone has one completed by that date.  The idea is to sus out the site and surrounding areas, take photos etc. and post them on the site for all to see.

 Is anybody using the MRI facilities?  ie aftersales etc.

Look forward to hearing from anyone.

Sue & Clive

Community thread: New podcast posted on Bravachat

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