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06 Sep 2007 8:40 AM by Tish Star rating in Surrey. 833 forum posts Send private message

Debbie  are you an agent representing people who let out their properties on GH? 

With only 32 properties completed on out of 192 and I would imagine not many of those  32 living there full time, it must be extremely quiet. No wonder long term renters are required.

I was at the AGM representing our clients and found the meeting very positive, the administration team really knew what they were talking about and those of us there walked away feeling confident of the future.

The "administration team" would hype it up. It's in their interest to do so. 

 

We were advised that the property developer is in negotiation with the town hall ref: the licence and that it wasn´t a matter of getting one it was how much the developer would have to pay as a fine either in cash or land.

Another form of bribery????? So the developer will pay a fine or give some land in return for the LFO!  It beggars belief.  What about  compensating the purchasers of this development  for the fact that it is nothing like what was promised at the outset when the deposits were paid and the length of time that it has been illegal.! 



This message was last edited by Tish on 9/6/2007.

This message was last edited by Tish on 9/6/2007.


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07 Sep 2007 7:28 PM by haku Star rating. 6 forum posts Send private message

So many different opinions .It would appear it's time to move on and ....Unfortunately  now we all have to do what's best  for us , all of us  have financial issues .What ever the situation ,we have to make it work for us .. We were in G.H in Aug. it does not look like the original plans , which is disappointing,however it is very tranqill and beautiful.The gardeners  and maintanance guys were there everyday.There are some occupied appartments there,So we have deceided to go ahead and make it work for us rather than lose all hope ..

KR

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07 Sep 2007 7:43 PM by Tish Star rating in Surrey. 833 forum posts Send private message

Hi Haku,

It will be "tranquil" all the time there are so few apartments occupied. However,  given time I'm sure you /it will be OK. I just wonder what will happen to the other apartments. There are many Court cases in the holding area, because people are suing the developers for lack of LFO more than 2 years after completion. Also because it is so very different from what they thought they were buying into.

When we saw the development in June we thought it such a shame it all went so wrong as it would have been a lovely place to be in...had Eralia delivered the goods.

Best wishes to you,

Tish.




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07 Sep 2007 11:45 PM by haku Star rating. 6 forum posts Send private message

Hi ,well hope it works out  well for everyone in the end.Our option is to wait and watch this space .As regards to other apartments my guess is, they will be filled at some stage ,as they are of very good quality and in nice surroundings.In the meantime will get some enjoyment from the huge financial investment we have made .

KR

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08 Sep 2007 10:37 AM by debbiep Star rating. 51 forum posts Send private message

Hi, Haku.

We have a rental enquiry for a week on Monday , Yvette will keep you informed.

The urbanisation is well kept for an urbanisation that has few occupants as most developers tend to neglect them if the owners are not signing on time.

I have heard some good news as the current Mayoress has given permission to some development licences already, as you know, there have been a few problems with all development that have been built in the last few years here, due to the Town halls difficulties, to put it mildly,!!...........          but as you say, some times you have to be more positive, when licenses are in place this urbanisation will be one of the nicest to rent and buy.

Most people now want the tranquillity,      i should know ,my business here has been established here for over five years and i live and work from Santa Maria Village,.        Elviria is one of the most respected and prosporous area ,s on the Costa Del Sol.

Time to move on and reep what you can, i can assure you it could have been worse, i know far worse scenarios.

I have an owner who had three on another urbanisation and helped him to change a few things, from a bad scenario to a really good one, he now has two and the positions of these properties where changed , last year, as no one would help him, from the agent to the Developer.

We visited our clients Developments  yesterday with him organising the snaggings and the properties are to be signed over next week.

We have two tenants already to move in when we have furnished next week and it looks fantastic, he is over the moon and we are so happy to see something turn out well for one of the nicest gentleman we have come across, here in years

He has now got two tenants to pay for his investment and they will be the first there, Cala Nova Golf is Beautiful now, that was originally one of the worst i had come across, two years ago, as usual no one wanted to know when they had there money.

The Town Hall had changed the original plans and no one informed the owners until it was too late, nothing unusual there.

You have to try and make something better for yourself as you will loose out, in the long run, all these properties will make money but flipping no longer happens here and if anyone tells you it does,  ..... i say proof in the pudding, or put our money where your mouth is.

As we believe a lot of the Sales agents sold originally years ago on the bases of re-selling to investers before the completion, this does not happen anymore unless you want to sell for a lot less than you originally paid for it. Not a good investment after all.

If you can complete, put a tenant in and help pay the Mortgage, hold on for two to three years then sell, urbanisations looks fantastic , other facillities are then put in place shops, restauants, schools and the rest always arrive in the area once more properties have people in place, as there are Major investors wanted areas to build  Bars and Restaurants in new populated areas, Banks are also a good sign of Prosperity in and Area, New Schools.

Hacienda San Manuel has now two new schools, just half a mile from Green Hills, of Great reputation, always adds money to your Investment as it is a great Area to buy in.

Elviria 4 years ago had hardly anything, We have Supermarkets, Banks, Restaurants,  Bars and probably the best Schools, due to the Urbanisations being built, here

Regards Debbiep


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08 Sep 2007 10:46 AM by Tish Star rating in Surrey. 833 forum posts Send private message

An uplifting post Debbie. and good, positive advice...(even ithough you are an agent! )


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08 Sep 2007 10:56 AM by debbiep Star rating. 51 forum posts Send private message

Hi,
I am Management more thn an Agent, honestly we are not all bad, but i can assure you i have come across them and i will not take there rubbish and i have be asked to say and do things for there benefit and i will not i have a family and a good business, and respect for myself.

Let me know if you need advice on anything you do not always have to pay for this, thank god somethings are free on this coastline .

The apartments are lovely and spacious the kitchens are fantastic, as i love to cook.

              Have a good weekend.

Regards Debbiep


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23 Sep 2007 8:51 PM by Just Dan Star rating. 440 forum posts Send private message

 

Seems similar situation to La Reserva de Marbella and many other developments in the area but am miffed why these 2 or 3 developments always come in for bad press when there are dozens in similar or worse situations.

Dan

 





This message was last edited by Just Dan on 9/23/2007.


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