Villas

Hi,

We are buying a villa and have been informed that there is a dispute between the constructor (Ferrovial) and the Medgroup. This has resulted in the ownership of the villas not being transferred to the Medgroup, and therefore the villas have not been completed and a completion date can not be given.

Is anyone else in this position?

David

We decided that the delays and the current financial situation was becoming intolerable and thus we withdrew by demanding repayment of the Bank Guarantees due to late / no0n delivery of the contract.

I still like the development and wish those of you who are completing good lick

We have visited the Patio we bought three times since last October and still many walls in & out the appartment are full of dump stains and leaks that keep on appering, although Medgroup says they have fixed the problem ... Last visit (early December) in two of the rooms part of the walls  were flaking off. The development is completely stopped, the promised five star ammenities are not there and who knows if they will finally construct them. The beach club is closed, the gym is still not open, the jacuzzi is out of order, if you have an issue with anything nobody is there to take care of your issues but for paying the rest of the money you agreed in the contract...

How do you feel paying almost EUR 7.000 per sqm for this? My feeling is that, as of today, it is a much better investment loosing the money we paid than paying the rest....

Has any of you been able to get the repayment from the bank recently?  We keep on trying but they are making our lives really hard. I would like to contact people that either have been successfull getting their money back or are still struggled with Banco de Andalucia and/or Medgroup. I would appreciate if you send a meesage for me to get in touch (I can not attach my email - system fails because I have not made enough posts...).

Thanks - MB