Paramount Park News

I agree that there are some great deals now and those who have bought  since CdA's development slowed down often don't really know what the early purchasers thought they were buying into. It's been very difficult for people who bought to rent out and some bought more than one apartment, then  there's those that bought purely to sell on for a profit and other people who relocated expecting a reasonable income from keyholding cleaning and so on. So they have a much different viewpoint from purchasers who bought for personal use. We bought expecting to establish a golf holiday company with airport transport, trips and tours locally and with links to a La Manga based company who offered sports holiday's, bowls, golf etc with at least 5 family bought apartments to use. That didnt happen in the end but I think if Paramount actually gets finished those sorts of ideas will re emerge. The big bonus of even the prospect of Paramount is the fact that so many apartments have been bought on the strength of it or it has put CdA out there for more people to consider. That all improves the Community Charge income to the resort and thats how we can keep CdA looking good and improving even if we stay a relatively small resort. Mind you I hope ML get somewhere with all the defaulters of the community charge- I know some people have fallen on hard times but others blatently choose not to pay with an 'I'm not using the apartment so I wont pay' attitude or worse use their apartment but duck and dive payments. Hopefully ML will catch up with them all and they can't sell the apartment without clearing that debt anyway- so a big dent in their negative equity profits!!

Anyway it's going to be interesting watching the coming months regarding Paramount and the next piece of progress has to be Corvera opening. Do you think the airline companies will just re route flights already booked to Murcia into Corvera if it opens before the summer?

Tony, according to the local press and websites, Corvera will be up and running fully by the Autumn,  I think the likes of ryanair will come to Corvera as they currently fly into San Javier and are still arguing with Alicant regarding the use of airbridges.  The good thing about Camposol is that there are no community fees, just around 100 a year to Mazarron council and it is now fully developed with a market, commercial centre, community centre, 12 restaurants, pubs.  The only thing it lacks, IMO, is a decent Spanish restaurant although there are plenty 15 minutes away in Mazzaron, but we do have a decent Bulgarian!

I for one am not overly concerned with the fact that people have got a better deal than me (who bought from PW).  Someone is always going to get a better deal than you and if you wait until that deal comes around you can miss out on enjoying yourself in the meantime.

The low prices will benefit CdA in the long term as it has encouraged buyers.  The more people and the less empty places the better.  And hopefully a few of the new purchasers are locals or people looking at fulltime residency. 

On the community charges...I think that those who haven't paid significant amounts should be turned away at the gate by security.  And as others have suggested a list of the apartments and names who are more than a year behind should be posted on the noticeboard.

With regard to outstanding debtors, when the list for each Jardin was published last year, I went for a nosey around our garden and a large proportion of those owing more than €1000 have apartments that are fully furnished and being used

I can sympathise with those who have fallen on hard times but if you can afford flights, car hire etc (for those overseas owners), then you can certainly afford the monthly community fee

Turn them away from the security gates is what I say

There must be some legal restriction to doing this ( stopping defaulters at the gates) or I'm sure it would be done.  It's been recurrent theme I've heard from different developments that some people just never pay and up to now its been such a long and expensive process to take their properties in leiu that many owners have managed for years and years to avoid payments. I think that has changed now and the system is more efficient, or management companies are more pro active. However if you think completions started in 2008 and we  (as far as I remember) still have defaulters from that far back, because the first management team weren't good and didnt sort this or other issues including people who alter properties outside of the community regulations hence the cow shed in Jardin7 (think its Jardin 7 of the Jardines- big raised, wooden canopy over pergola on 1st floor) So, it may be a slow process but hopefully they now have a debting company in charge of claiming back dated CC.

Meanwhile its posted elsewhere that Paramount designers have just  visited Alhama de Murcia, the Castle there and other local places of interest in order to gwt a feel for the region.

La Torre has had this problem from day one, plenty of owners will not pay some owe more than 10k ,the owners come and go using the pools etc,they dont give a toss..the properties that have gone back to the banks take the debt with it but the banks will only pay off  the last 2 years fees. so the community never gets all its money back,

 All owners should of recieved a notice last month regarding the process now being followed for debtors, as a community we are getting stricker on this and any debtor that misses two payments and fails to come to a payment arrangement will be taken to court.

see http://cdagr.wordpress.com/2012/01/13/community-debtors/

Thats good.

Personally I hope they differentiate between those who are hard up and stuck with a property they don't use, and those who are just happy to use their property and let others pay for the services they enjoy.

SMV, I never doubted Corvera Airport. I just agreed with the article in the Express Newspaper which described it as a "White Elephant Airport". Dont get me worng I want corvera as its closer, gives us additional options and will create more competition. 

I simply believe it wont make a profit for many years.

Dont ask me for my 20 year prediction, I currently more unpopular that those people who dont pay their community charges.

Totally agree with you SMV.

It would be a shame if those who simply can't pay through genuine hardship like unemployment are treated the same as those who can pay and are simply trying to get something for nothing. I'm sure the last thing you would need after the stress of losing your job is a court summons in Spanish landing on your doorstep.

In practice through I don't know how you could differentiate btween the two, so you would just hope that the courts will judge each individual case on its merits and come down heavily on those who can afford it and be more sympathetic to those who can't. No idea if that's how it would actually work though.

Rumour has it its mainly the Spanish who don't or will not pay

As i don't like roumors can anyone shed some light with facts as this would be interesting to know.

Darren - keep smiling you entertaining us all.

the thread is off track a bit now however this is supposed to be about the Paramount theme park .

Darren,

As unpopular as you may be I don't think any more predictions will affect that.

Anyway I have no problems with gloomy predictions...gives some balance.  And sometimes they are spot on...just look at the world at the moment.

Shane

Actuallu I had brought it back to Paramount with the news people from Paramount designers had just visited the area  to get a freel for the region.

As for non payers I don't see how the courts can view people as different, sad as it may be, we are all paying for them whoever they are whether they have fallen on hard times or not and as such it affects what ML can do for us. That said I think only taking an aparement in leui of payment can be a  last resort for the courts for someone who can't afford to pay- selling them at the moment is the issue and so no-one wins.

Shane

Can you predict when Darren will pay his bets on the CDA club not opening??

Jay

I think anyone who has a  property  on Condado should pay there community fees if they dont they should sell up and pay back what they owe it is getting beyond  a joke?. They have had it too easy .

Its a shame that PW don't feel the same obligation to pay / honour whats due to us as per owners on CDA who go out of their way to pay community fees for a half built resort that they have left. And before anyone starts I am with Darren on this regarding the way we have all been conned by PW and I personally spent a lot of hard earned money on this dream while the head honcho at PW has raked it in over the past few years who feels no moral obligation to help us along with what we bought into.

Its a shame that PW don't feel the same obligation to pay / honour whats due to us as per owners on CDA who go out of their way to pay community fees for a half built resort that they have left. And before anyone starts I am with Darren on this regarding the way we have all been conned by PW and I personally spent a lot of hard earned money on this dream while the head honcho at PW has raked it in over the past few years who feels no moral obligation to help us along with what we bought into.

I think everyone has spent hard earned money- I certainly have.

Why do you think you were conned- do you think PW continued selling even when they may have known the resort wasn't going to be as planned? Certainly their plans in Al Kasar showed CdA muh as advertised to us 2 years previous

Or do you just feel conned because it just didn't happen the way we all anticipated and as per the plans?

Do you think Polaris World were as much taken by surprise by the speed of the demise of the property market as the rest of Spain's construction industry- or were they different?

We had friends who owned a quite robust ,profitable (owned a very small yatch moored in Marbella) property company selling across France, Portuagal, Spain and  with a toe hold in Bulgaria and in early 2007 they were taking on new staff and opening a third office. In September 2008 that office closed and by late 2009 they were working out of their apartment. Now its a one man property business branching into sourcing wine for hotel functions and the lady of the house does keyholding and cleaning for some of their previous customers and they just about keep their head above water!

We bought off plan and unfortunately my understanding of that, as dismal as it may be, is that you pays your money and takes your chances. Legions of buyers across the world will agree with that.. The building company can change, alter or withdraw properties from the plan which can mean you end up looking out on a supermarket (as on La Torre) which wasn't part of your dream plan. Take CdA we have Al Kasar which wasn't on the original plans, we should have had the Foro and  Agora shopping parardes plus the Oasis.- a mega mall. A kinder soul has suggested to me that PW tried to finish what they started and at least gave us a potential shopping area and completed the golf course- I feel they tried to hang on desperately for far too long!

I'm not saying anyone is wrong here just that yu have what you have and we have to clutch at straws, like the prospect of Paramount, to  (if they finish it)  bring a bit of commerce and rejuvenation to the region. I'm not really in favour of Paramount as I never ever considered buying a property near a theme park: it isnt where I would really want to be, but it has such potential for CdA that I see it as the only way forward. I'm just hoping that the area within the present ring road doesnt get left out when (if) developers are looking to put their mark on the area- so much land is available in what was to be CdA ll.

I'm sure the head honcho of PW managed to get out with his fortune reasonably intact but I dont think he's done as well out of it as he might have expected. and from 2008 will have been on rocky shores.

 Just read in The Leader  local newspaper  that delay due to discovery that some of the land still had a mortgage on it and that had to be paid off.  Article full of assurances all OK and first stone to be laid May

Do you have a link to the Leader article?