I would like to still keep a balanced view over this site as I have always been impressed by the location and quality however I do not necessarily believe some of the statements being made by the developers
From a financial perspective the amount of investment made does not mean much as there are plenty of examples of sites where banks and developers have invested millions of Euros and still ended up pulling the plugging the plug. These include The San Antonio developments of Fortuna Golf and Casa Del Pinar, The San Jose Developments in Jumilla and La Marina, Peinsa with La tercia Real and MCC Country Club.
There are also many examples of developments where the latter phases have been delayed, left half completed or where the commercial facilities have not been built including Polaris World Developments and Senoria De Roda
Nice to see the comments about the bank however one way that they could restore confidence is to give all buyers what legally they are supposed to have which is a Bank Guarantee that secures their deposits
On the topic of switching to a property on an earlier phase I suppose the question here is why they are now available considering initial indications were that everything was sold off plan and possibly this is a move so that the bank can get some of their investment back
The problem in Spain is that any planning dispute, especially one that involves political infighting can take years to resolve
What confuses me is that the developer doesn´t seem to communicate anything directly to the customers and it seems to be left to a buyer and the people that previously used to feed information back to the forum, information that was not necessarily accurate are conspicuous by their absence
The problems is that you wouldn´t necessarily know immediately if a company was in administration as the process requires that a company first has to prove that it is insolvent and then they have up to 30 days to notify creditors
What is really needed is for people to come together not to start a class action against the builder but perhaps form a closed user group and obtain a formal WRITTEN statement from the developer, the Town Hall, and the bank on what the real status is while monitoring and checking the financial status of the company, and share the costs