20 Jul 2011 9:52 PM:

Hi,

In 2008 we bought an off plan house in a development called Sun Valley in Darro, Granada.  There were meant to be 44 houses and the development never got off the ground.    We lost 30,000 euros and were told that 12 properties had been sold.   We never heard any more about any of the properties and have progressed our own claim through the courts.    We won our case but actually getting the money back is clearly a different matter.    You might want to add this as another off plan development that never went anywhere.

Thread: 185 Million Euros in off plan deposits lost on just five developments. Want to add yours?

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06 Oct 2008 10:57 PM:

I purchased off plan and my contract says the builder will by law provide a BG.      Now that my development is not going to get build due to lack of plots being sold my lawyer tells me that as I do not have a BG I need to go to court to have any chance of getting my money back.     I understood that it was his responsibility to ensure that a BG was in place.  He seems to disagree and is asking me for the BG that I should have obtained from the builder.    I appreciate from some posts that having a BG doesn't  mean you will get your money back but do I have a case against my lawyer?    Shouldn't he have ensured that this was all in place as per the contract?      The lawyer and agent are both absolving themselves from any responsibility.  

Thread: Bank Guarantees explained

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