20 Feb 2011 17:56:

Thank you so much everyone for the advise, I really appreciate  it.

I have instructed my lawyer to ask for the deposit back, telling them I wont complete because of breach of contract. I'll see how the respond to that. Hopefully they'll offer a discount, if not, I will ask for my deposit back and buy something else instead.

The developers probably thought I was was bluffing before.

Keep the responses coming if you whish.

 

Cheers, Verona.

View thread...

--------------------------------------

19 February 2011:

Hi

Just wondered if someone could offer me some advice? The Cedula is now in place on an apartment that should have been completed in December 2008. This apartment is in the nothern Costa Blanca.

This is where I'm at.

I agreed a contract/price based on completion of the whole site at end of 2008. At that time the GBP/Euro rate was approx 1/1.3 and attractive mortgage deals were available. If the builder had completed on time then I would have easily been able to proceed.  It became clear that construction would not be finished on any of the buildings at my end of the site until end 2009 and indeed Cedula would not be in place by this time and now the market conditions are completely different and availability of money is much more difficult. They are offering new buyers noteworthy discounts. 

I have asked for a discount using the above and they just sent me a very short email saying we signed a contract and it is not possible for a discount.

Just wondered what other people's thoughts are on what I should do? I don't want to back out and I have put a substantial deposit down.

Many thanks in advance.

 

View thread...

--------------------------------------

04 Apr 2010 17:03:

The apartment is in Javea, Costa Blanca.  It's of a very high standard and finish but like you say, not worth the money now. I don't want to name the developer until I have spoken to my solicitor.

Thing is, when buying off plan, they don't increase the prices when things are good, so I can't see them reducing the price when things go bad.

Some people have alredy completed, but I'm not going to take the risk. I would like to get my money back and then see what happens in the market.

My fault at the end of the day. I bought when times were good, but that's the gamble you have to take in life. Some you win, some you lose.

Fingers crossed I'll have a case.

 

View thread...

--------------------------------------

03 Apr 2010 14:29:

Thank you both. I'll speak to a solicitor. Just wanted to make sure I wasn't going to be wasting the solicitors and my time.

Cheers

View thread...

--------------------------------------

03 Apr 2010 14:29:

Thank you both. I'll speak to a solicitor. Just wanted to make sure I wasn't going to be wasting the solicitors and my time.

Cheers

View thread...

--------------------------------------