Things Can Only Get Better

 Hi all,

I bought into the Spa Valley dream at the beginning,must be nearly six years ago.

With all the delays and then new builders and then maybe getting a tenant

and various other problems it became a nightmare.

Why did i not walk away,why did i keep throwing money at it.

Anyway i ran out of money.

Back at the beginning when we were quoted a good rental income

I thought even a fraction of what was predicted would be enough, but what is a fraction of nothing.

The bank is in the process of repossessing the property.

I suggested to the bank that even though i am in arrears they should leave it in my hands

for at least another year.

I would pay them €100 per month and any monies generated from rentals would go directly to them.

Maybe we could turn things around,maybe not, but the property would be worth more next year than now.

I am trying to keep it because i believe it is a beautiful place.

As for the surrounding areas with the new airport and the Paramount theme park the future looks positive.

I would appreciate any input or advice and would love to know what you the residents see for the future.

Should i walk away,run away or hold on tight.

Buenos Noches.              Pat

Hi  Pat

I think we are all in the same boat .I think our only chance is for some sort of agent that can generate some sort of rent but with Oasis already on site that is not looking like an option .I purchased every thing I was asked to including spending a fortune on curtains from the local supplier to be then told there was no market for the two bed .

When purchasing I told it was the two beds that would make the money .Oasis then got me a long term tenant, took there finders fee having checked NO  references .When the tenants stopped paying the rent after one month Oasis pointed out that was nothing to do with them and walked away .

I thought when we got our committee together  there might be light at the end of the tunnel but again we seem to have ground to a halt  despite the hard work put in by all concerned.

I have asked has anyone heard of the Paramount Theme Park or if it is just a sales gimmick to sell PolarIs World propertys but no one seems to know or if they do arent saying. I think we all need to pray for an eartquake that way maybe the insurance will pay the bank and we can walk away( hahaha) 

Sorry i dont have anything positive to offer but like yourself I think it is the end of the road for me also.

kind regards Anthony