Has building stopped at OCC?

Let's hope you're right, Gary.

As I said, I just can't see there's a whole lot of profit - do we know how many units are actually pre-sold?  Apart from ACC customers that is - who have in many cases, had little option but to transfer across to OCC, that is if they want a hope of ever seeing their money back again.

I think you will find in a recession like this many builders are desperate for work - if HUMA can offer then a sizeable part of the balance on completion then I am not surprised a builder would come into complete the project.  Knowing HUMA's track record I would expect no facilities would be built by this builder just roads and properties (may be if you are lucky 1 small pool).  As regards the builder getting a bad reputation from working witt HUMA - I wouldn't agree with this as noone  seems to moan about HUMA's previous builders.

Surely if a company like Ferrovial cut ties with Huma, then it doesn't bode well for anyone else!

Builders are desperate at the moment........but they will need to be paid for their work, and seeing as Ferrovial are owed a LOT of money by Huma, this new company must be VERY desperate indeed - unless Huma have signed over most of OCC and ACC to them!

Truth is, none of us really know what's going on - Huma lie about everything, that much we do know.

The Aglomerados lot sound like tarmac layers (Trabajos de asfalto).  Remember boys from the black stuff? (Gizzajob)

I don't understand the banks' problem though.  Huma have a guaranteed return once the pre-sold properties are built.  Do they know more than they are telling us???  Why would the banks not lend against a guaranteed profit?

I also question why the directors of Huma are still at liberty having been taken to court, lost and then failed to comply with the court's decision.....

Contempt of court covers it in the UK :(

it is not just the finance for the building of the pre solds

This is a 983 unit development and the infrastructure has to go in- for example the new road giving access to the development- expensive etc and Indalo , as far as we know only have sales of about 300

And a lot of those will only be firm when the BGs are available

So the banks will be looking at the whole developemnt of OTCC and short term views are the norm with banks just now- even though the Spanish Banks seem to be in better shape than ours and other countries

Short term no banks want to finance residential development......unless of course the terms are very good for the banks!

I take the view that Huma Indalo have been ' credit crunched'

I will be very pleased to get a new completion date and an individual  BG ,as I will then know that finance has been sorted

OTCC has been stopped for circa 4 months and the prospect of a quick re start does not look positive just now.....hope I am wrong and this 'new partner 'can produce the goods

*As regards the comment about the directors of Huma:- the directors of Huma Indalo SL are different to Huma Med SL...same family and the two companies are seperate but may be connected

Nothing abnormal about this in business terms!

Everyone complains about how ' bad ' the Huma people are-

but ' many more people have suffered much larger losses as a result of the RBS and HBOS situation in UK and other companies reducing dividends and reducing their pensions , both of which seem to have been made worse by our UK government involvement and that is just for starters.....

And the UK goverment has not supported the value of the £ ,so if you go to Spain you experience circa 25% inflation when you convert £ to €  

And as for Spanish banks being difficult with ' bank guarantees' ....if you had a BG with RBS ,HBOS Lloyds etc then I suspect you would have had more problems.....our banks ' even in the good times' have always been difficult in respect of BG if someone claims!!!!

None of us like this situation, but it could be a lot worse and if you are one of the ACC buyers with a BG you must be happy that no Spanish bank has gone bust......and from what I have read none are expected to!

Comparing the UK banks to HUMA is a totally unfair comparisson.  The UK banks have not defaulted on any accounts people hold with them - if you have a bank account with say Halifax youy can still go and get you money back (it is even government guaranteed up to £50,000).  HUMA have taken our money given us nothing and refuse to pay us back - as simple as that.  The UK banks shares have tumbled in value - a comparisson to that would be if HUMA had built our poperties and passed them over to us there value to would have fallen due to  property prices crashing in Spain.  Unfortunately HUMA have not built our properties there is a massive difference and I can not believe any one could compare the two.

"Everyone complains about how ' bad ' the Huma people are"

Gosh, yes, we are so very unreasonable to expect that our money (bank guarantee or not it is legally supposed to be kept in a seperate account) is not returned to us after Huma have failed to deliver according to the terms of the contract.

They then lie (everytime I phoned for an update, I was spun a different story)  tell me that I can't have my money back because they've spent it, tell me to forget my money as I'll never get my hands on it again (sic) and now they're misleading people concerning OCC - something Huma should never have involved themselves with until they'd sorted ACC.

"I take the view that Huma Indalo have been ' credit crunched'"

So what's your view on Huma Med's actions/behaviour?  Bearing in mind that it is the same company.

"None of us like this situation, but it could be a lot worse and if you are one of the ACC buyers with a BG you must be happy that no Spanish bank has gone bust......and from what I have read none are expected to!"

That's nothing to do with Huma is it?   As far as the banks are concerned, we are just fortunate that the crisis hasn't hit Spain full force yet - I'm sure one or two of them will have similar problems to those in the UK.

Please stop being an apologist for this crooked company.....mind you, what can you expect from an estate agent

This message was last edited by Val123 on 3/13/2009.

Just stating reality facts and  I also have 53.000 € at risk and it is looking like I may have to take Indalo to court to get it back

Sorry Brian, but I don't accept that.  Over the months, on this forum, you've tried to put more spin on this than Tony Blair !

Trying to convince people that they should be happy that their bank hasn't gone bust is really scraping the bottom of the barrel (and why are you crediting Huma with the fact that the banks are still afloat?)

People are trying to cash in their bank guarantees and are not being permitted to do so.  Others, without a guarantee (although supposedly it is in place whether or not you have a copy of it) stand little chance of recovering their money, at least not without spending thousands of euros and having a long, drawn out battle on their hands.

The cold hard facts are that Huma is hoping that many buyers (who are mostly of retirement age) will die before the courts enforce payment by Huma - a fact  which is entirely possible given the constipated Spanish legal system.

Even if OCC is built and finished.......you only have to look to MCC to realise what you can expect in the way of service once you've handed over your final payment.

As far as I am concerned, you have a moral and ethical responsibility to delete this developer from your website.

Rowlandsbb stating reality facts??????????????????  Well well well.  Maybe a real reality check back in 2007 when he was still telling people that there would be good news coming in September would have been valued.  I have long believed that anything Rowlandsbb says adds nothing - neither honesty, knowledge, or reality, to the debate.  He has demonstrated his complete lack of understanding or knowledge of the situation over the past few years, and I see nothing in his recent posts to make me thing he has reformed his thinking.  I believe that some people on these forums have been influenced by his misplaced confidence, back in 2007, and I think his support of the Tabernas site and the developers has been  nothing but an insult to those who are trying to get money back from this developer.   

Roly 2 -   I agree entirely with your sentiments.

I just wish Brian Rowlands would delete Huma properties from his estate agency website.

I thought this was a OTCC thread ,of interest to those who have decided that they would like a home on OTCC!!

There is a separate thread for ACC and Huma Med!

My only interest and dealings are with Indalo and OTCC, as also is my investment of 53.000€

As regards the web site.....everyone has the fundamental right to buy where they like and from whom they like 

Whether you like it or not ,the products are still very attractive, which is perhaps why many of the apartments have been reserved by the Dutch

OTCC is on many web sites but as far as I can see  mine is the only one which states:

Just at the moment the builder is revising the development arrangements and bringing in a new builder

So until this is completed no further sales are taking place although we can register an interest

We expect to have full details very soon

I think we have already had this debate, Brian (Rowlandsbb) - all of those, myself included, who have been caught up in the ACC debacle will be following this thread with interest - as we have every right to do.

I am truly intrigued - as a 'property developer' who still claims to be so much in 'in the know' - can you provide evidence, or some convincing statistics about how many OCC properties have been bought apart from those who transferred over?????????

Reading the Spanish newspapers - I am just a little bit suspicious about the claim that 300 have been sold - to the Dutch or anyone else!!  Sorry if you did not say this Brian, it is just that I assume that every positve spin re any of these developments comes from you. 

Rowlandsbb said:

"Whether you like it or not ,the products are still very attractive"

Brian, these "products" would be even more attractive if, after paying your money, you actually receive them.

Thanks for your input Roly2 I know you are in a far better position than most of us to know what is going on in the area.

I am sorry about the situation on OTCC i do really wish it and the purchasers there the best outcome.  However I was very certain that I would rather loose my stage payments (although I do hope they will at some future date be returned through the courts) than give Huma one penny more of my money.  I just feel that after the years of stalling and lies they gave us I could never trust them again.  The same sentiment would also go to any 'Estate Agent' or what ever he calls himself, who supports Huma after he also has been treated the same way.  We all learn by our mistakes and put things down to experience --- but only once surely!

Again I want to add that I do hope the development goes ahead for the sake of all who thought it was the right thing for them.

Our friends who are fighting for a refund from ACC were in spain for the last 10 days they made 3 visits to the OCC to see if it would be an option to swap from the ACC,   the OCC was deserted all 3 times, cement

bags had gone rock hard, no heavy plant, no builders,  they said ACC looked secure with watchmen but OCC was deserted,  they rang various agents and pretended to be interested in OCC the agent told them

work has stopped and to look for a keys ready home,, Huma had a very poor track record of not finishing MCC    not having planning for ACC and now deserting OCC..and they would never sell a huma development ............if only we had had that advice!!!!!!!!!!!!!!!!!!!!!!!.

We visited OCC during first weeks of March,we contacted Huma to say we were coming over and would like to see someone on site to discuss the situation,we received a reply to confirm any time that would be appropriate,we agreed to see a lady called Carmen. We visited during the week and met with Carmen who told us:-

Interviewed several builders after Huma not happy with the previous one! it seems they will be starting in April and include builders from both Spain and France ,the delay due to agreement on the contracts.The build as been reduced due to additional villas being constructed ,this will reduce down to 800 properties.

Carmen showed us the results of the plots  and it seems that most of the first phase have sold especially the two Villa types Cabo De Gata and the Grand Tarifa and the first two plots 1& 2 for Tarifa and Aroma are still according to Carmen even with the delay due for completion by June /July .!! The plots from 5 to 6 will be completed by April /May 2010

Carmen informed us she was on site from Monday to Friday and would be prepared to see anyone by appointment during the weekend if needed,we did call back and seen her again during the following week.

The first plots,( no change) of Tarifas as we know have the main construction walls and roofs completed only, the showhouse Tarifa is available.

Would still like to believe this site will be completed on some time scale this year,i have e.mailed Carmen wanting a date  in April when it will be comencing,she has confirmed she will contact me as soon as work as started !!

Thanks for the update

The site has been stopped for 4 months now

My view [ and there are some who disagree!] is that 12 months ago OTCC and Huma Indalo was set up as a way out for those on ACC who wanted something similar at the 2005 price 

I did not have a BG on ACC and was the second to change over

I have been told by two lawyers that the insurance policy  by Vitalicio Seguros gives us [ Manzana 32 units ] overall protection for our deposits plus interest  - not as good as a BG..the policy expires 31-12-2009..we shall perhaps see!

My view is that they have been ' credit crunched ' .......ACC is a different issue and I support all those who are taking Huma Med to court...just not the way I wanted to go in Feb 2008

I am Manzana 1 plot 11 and part built

If they go back on site in April then my Tarifa will not be finished by the contract date which is end May 2009...but they have 2 months...even that build wise is not easy

But that still leaves getting the LFO....just not possible without the road being built from the development  to the N340 A

And that will take some time to construct! 

If Indalo comes up with a new time scale everyone will have to make their own decision

It is now up to Indalo to provide the goods.........Carmen has being saying the same marketing for several months now

And to those still with ACC who still watch this forum .......and like to tell us all how wrong we were to change to OTCC...and should have stayed with ACC and taken them to court...........all I can say is ' lets see what happens and everyone like me wishes you good luck in your legal action against Huma Med

And I hope you notice none of us post on the ACC forum to argue that you are wrong!

These smileys are quite appropriate!

Brian we were all wrong because we should never have got involved with Huma in the first place.  We all relied on overseas property agents who just didn't know better.  We have I hope all learned a great deal from this whole experience its just a shame it was such an expensive lesson.  The people responsible for selling should have had the experience to make certain that our money was 100% safe but they all failed.

Hi my name is Diane Stevens

Hubby and I went out to the Oasis Thabernax site on 12 March.  Yes, building work has finished.  Tomorrow, Wednesday, Carmen has a meeting with the new builders who have already had a meeting with the bank and the directors of Huma.  Carmen is going to e-mail me after the visit to let me know when the builders are going back on site.  As soon as I know, I will put a message on this message board.