Has building re-started at OCC?

Brilliant news, at long last light at the end of the tunnel.

Carman says a new builder will be moving on site to start construction.

Its all been worthwhile.

The long wait is over.

The dream is now reality and everyone can toast everyone with Spanish wine from their terrace.

Rowlandsbb will be elected Mayor.

Just one tiny bit worries me.......

........."Carman says"

Well okay,

Rowlandsbb being Mayor does to.

look on the bright side, a few mayors end up in prison!!!!!

February start - well maybe before they all get sorted out it will become an Easter Start then October after the summer holidays then Christmas then next year.

All of us have heard this before many times with acc now occ.

dd

Hi, I agree, the sad thing is they are still getting away with it and amazingly there are still people, in it from the beginning who still feel encouraged by these tactics.  Having said that I still hope they are proved right but I could never, ever believe a thing that comes from Huma's office.

What about the building firm !!!!

What firm would start building for HUMA with all the Court judgements against the ?

Obviously you wont get paid ......

Or if they are starting next week, where is the money coming from to pay them ?

If 50 percent is owned by HUMA MED, who I have taken to Court, I should get my money from them before the builder ?

Wheres this fund of money to pay the builder?

Couldnt that be found and seized as an asset ?

Oh wait,

The builders are Rowlandsbb International Builders from Peckham !

He's so busy buying up all the redundant cranes and plant hire in the district for a huge start  'sometime soon' .  Pragmatic decision that!

I wish he would hurry up and come back, I need to read one of his positive pragmatic posts !

In the meantime I will tell you about Pickle.

Pickle was a member of the original ACC Forum in 2004-5.

He posted continually that ACC was a sham, it wouldnt and couldnt happen.

He got absolutely lambasted, kicked to death, stabbed over and over, he was even suspended from the Forum for a period !

He didnt post after that, but I feel really guilty that he was treated that way. He was 100 percent right.

I would love him to post again just so I could say " Sorry Pickle you were 100 percent right".

How did he, and not the rest of us, know that so early on ?

We really have been gullible twats !!

If a builder were to start buiding at OCC - and letsface it there isnt a lot of work around so it is feasable - then I would expect they would build on the basis of receiving some/all of the final balances.  The  buider would then borrow from a bank or use there own funds.  Alternaively they may agree to buy the shars of the companies owning the OCC site - this could give some cash flow to HUMA. 

There are ways of making this work.  If you consider how little building work is happenning it Spain and the fact that you have a number of people who have bought/transfereed to OCC who will pay a sizeable balance on completiion then it is theoritcally possable to happen.

Unfortunately HUMA do not appear to want anything to work to let us have our money back or a property. 

nigela:

1. What bank is going to lend money to finish this development, in this climate?

2. Is the development legal? If it is, where are all the licenses?

3. If HUMA are telling the truth, what has happened to all the money that has already been paid? What has happened to the bank guarantees?

4. Why would any builder get involved with this development? UNLESS the builder has access to the deposit money, it wouldn't be viable.

5. Will any buyer who has already paid over very substantial amounts be prepared to pay any more money? Given what has happened to prices in the area, are you prepared or able to pay another large sum? If you are, you will paying probably twice what the property is worth today.

6. Why believe anything HUMA are saying? Their track record really isn't very good.

Apparently other builders and hire companies have outstanding bills with HUMA.

As in HUMA havent paid them.

This will probably stop any other building firm getting involved.

Can someone answer the following with a YES or NO.

1. Have you seen all the correct permits and licences to build ?

2. Have you been issued with a Bank Guarantee for all of the money paid?

If the answer to neither is NO then pull out.

Those are the two golden rules of buying abroad. E.g.  The builder can build on the land and your money is secured by a Bank.

Rowlandsbb will dispute this, argue against it, be pragmatic but it is HIS livlihood for prospective buyers to actually buy, as is the case with any other agent.

TO CLARIFY IF YOU ANSWER NO TO ONE OF THE ABOVE PULL OUT.

IF YOU HAVE NOT ASKED HUMA THE ABOVE TWO QUESTIONS ASK THEM NOW.

ITS FAR BETTER TO GO TO COURT NOW AND GET A RULING IN YOUR FAVOUR THAN WAIT AND WAIT......

.......FOR WHAT WILL BE NOTHING.

Just to answer your points rob6578:

1) If the buider is a large reputable company ( not relateid to HUMA) why wouldnt a bank lend them money?

2) I have no idea wether the site is legal - I decided that I didnt want to transfer to OCC from ACC because I didnt like the location (in a desert miles away from an airport with flights from my local airport) and I dint trust HUMA.  My understanding is that no one is queering the legality of the site just the lack of a restart.

3) In connection with the monies HUMA have taken - I doubt if it was a great deal as most people have transfered across from ACC - so in connection with OCC very little money has been collected.

4)  I think builders could be interested for the following reasons:

a) No work in Spain due to the recession

b) Guaranteed number of units allready sold with customers desperate to obtain a property as they have no other metod of securing their moniesallready paid.

5) I think the people who have allready transfered to OCC would be happy to pay over the balance to obtain completion of a p0 roperty on OCC.  Personally I am not - but that doesnt mean to say many others arn't.

6)  Totally agree with you - if you read my posting you will note basically that is what I say.

My original posting was a comment to sat that it is feasable for a builder to come it abd complete OCC - if they get the right assurances from HUMA.  Personally with the number of people transfereeing across I think it could be quite a workable solotion for those happy with the location.  Unfortunately I don't believe or trust HUMA in any way what so ever.

As for what to do for those who are with OCC - it is difficult because if you start suing HUMA you will have to pay more money out and at present no one seams to be able to get any money bach via the courts unless you have a BG.

nigela, my view about the money is this: every bank in Spain, I suspect, is owed millions by builders & developers (look at Polaris World & Torrevisa). There are thousands of completed, unsold properties on the Costa Blanca. Why would they risk more money to finish a development like this with all the baggage that OTCC has, when they can't sell the properties they already own?

I take your point that not everyone who transferred from ACC to OTCC has paid a large deposit but many have. Rowlands I think, has said he has paid some £50,000 & he won't be alone.

Will people be in a position to pay the price agreed for ACC or OTCC. Can people find another £50,000 - £100,000 now, & be prepared to wait another 2-4 years, when there are properties available on finished, legal developments now for less?

 I am pretty certain that only a hundred or so properties were ever sold on OCC, and those mainly from people agreeing to transfer over from ACC.  In fact, I am not even certain that planning permission was ever finalised for anything other than the first few buildings.   The one post on here that has troubled me most is also the one claiming that there are no plans to put drains in.  Price wise, they now look way over priced anyway, so people need to be absolutely sure that OCC is what they want if they ever do have the opportunity to go ahead.   The proximity to Almeria airport was a selling point, but very few flights go there now from smaller UK airports.   

Rob6578

One of the main differences between this site and most of the ones in Spain at the moment is that about 100 people have transferre across from ACC and are therefore committed to buy a property which rthey have allready paid between 25% and 50%.  The builder has therefore allready sold a large number of properties.

As to whether the properties are over priced you need to consider the following:

1) If you feel that you will not get your deposit back from HUMA any other way and this is basically lost money then you could be looking at paying about 65,00 euros for a Tarrifa.  This is why so many people transferred across.

2) Allthough prices have dropped dramatically in the past couple of years where can you get a semi detached villa in the Almeria region substantially cheaper than 116,000 euros.  Most of the bargains appear to be in Costa Blanca and if you particularly want a property in the Almeria region and you dont want an appartment then I don't think there are many properties for sale at less than 116,000 euros.

The main reasons I didn't transfer to OCC and I have taken legal action against HUMA are:

1) Don't trust HUMA - if people had got BG when they transferred across then I might have as this would have safe guarded my money - but as no one did I didn't.

2) Don't like the OCC site - to far from the sea, Almeria airport is basically usless to me and the other airports are far to far away, and I didnt really like the idea of living in a desert.

But I do believe that it could have worked if HUMA had wanted it to work - I do think builders could be persuaded to complete OCC  for the sold units and it would have been financially viable assuming that plans had been agreed and there was no problems with the drains.  Unfortunately I dont think HUMA want a solution.

nigela:

I take your point & I don't think  we are on opposite sides here.

The major issue seems to be HUMA & the lack of trust in that company.

Yes, assuming the development is legal, & assuming the money from ACC is transferred across then switching is a good idea. For those without a BG on ACC it is a great idea, provided HUMA do as they promise & issue bank guarantees, something they have failed to do so far.

What has happened to the deposits taken at ACC? Does HUMA still have that money? Does HUMA have ANY money?

For any builder, finance is the issue. If they don't have access to the ACC deposits can they build & make a profit on the balance owing?

Will any buyer, given the history of ACC & OTCC, be prepared to pay ANY money before the properties are built? Off plan is not very popular now.

In these circumstances, how will the builder finance the operation? I can't see the banks being prepared to lend to builders at the moment.

With regard to property prices in Almeria, yes, I take your point about the Costa Blance.

However, if you type into google 'almeria property',  you will find plenty of companies advertising dozens of villas & apartments between 50,000 - 100,000 euros.

I do agree with you that it all comes back to HUMA & trust.

In connection with where all our monies  that we have paid over to HUMA have gone I think is the key question.

HUMA do not appear to have any assets of real value (all assets appear to be mortgaged) so where did our monies go?  A sizeable proportion will have gone on the building work at ACC - if you remember there were hunderds of half built properties.  Also other amouints would have been paid out on buying the land, crane and plant hire, general running expenses of the company.  I expect the local mayor probably got a large bundle of notes as well.   Also agents introducing us to the site would get a large slice of commision and I understand Parador had a share in ACC and were probably taking money out prior to the building work being stopped.  Also a number of sensable people got out early with their money intact.  How much does that leave left?

In connection with OCC being viable to be built on the balances I think the answer is yes - remember you dont have to pay agents commission, for the land or mayor back handers.  Also with there being so much excess building capacity I think builders will reduce costs to get work.

Assuming HUMA have no or little money and cant pay us back ( this is possable but no means certain) then what they should have done is offered us (as a group of people with on BG) the land at either OCC or preferably MCC where they have land not built on given us contacts of builders and helped us build our properties on the balances we would have paid.  We may have had a larger plot of land than we wanted if we had paid extra but at least it would have been away forward without having to place our trust in HUMA.  But no or they have offered us is well over priced properties at MCC or unfullfilled  promises of a place in the desert.

Going back to my originbal comments I do believe OCC could have worked - but not with a company like HUMA who basically don't care wether it works or not.  THe problem with OCC is not in the idea but the company behind the idea.

You might notice from my messages - they started of nice and logical - now I just want to go and place a bomb in HUMA s head office! 

Doesnt get you any where though.

We could do with someone with a good knowledge of Spanish to go and see HUMA and represent us as a group to see if we could get some land with building rights on or something from them.  At the moment no one is getting repaid without a BG and we are getting no where as individuals.

Nigela,

Are you in denial ?

Sorry to tell you this but HUMA will not give you a peice of land.

Never.

Land that is free is being seized by the Courts as an asset and re-registered at the Land Registry so that it can be sold at auction.

You wont get anything by going to them an asking.

I know, I asked for my deposit back !

You are going to wait and wait.

Builders will not build for HUMA, they have an appalling reputation and numerous judgements against them.

OCC is not going to happen.

Start Court proceedings now.