Licenses

I have bought an apartment in a complex listed on here and have been in contact with other buyers up until a few months ago.

The problem i have is the development stopped over a year ago for quite some time due to money and problems with the license, when they started building again last summer and the bank gave a guarantee to fund the completion, we all thought it was just a matter of time before completion.

I have now been informed that the development has been ordered to stop and the license revoked, the developer is apparently appealing but my lawyer is very concerned.

Part of me thinks if it's just a matter of time I should wait, i bought the apartment in 2003, but I am concerned as my lawyer seems worried this could now go on for years.

I would just like to know if any one else is aware of any appeals on their developments with the town hall etc, and what your thoughts are.

Thank you

Rebekah

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Where is the development?

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Nueva Andalucia! Puerto Banus.

Guess i have the lovely major to blame!

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In in the area - which one is it?

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Aloha Hill Club

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Probably best getting out of it, take your money and run. There are many resales all legal but this saga here is set to run and run!

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It's not as easy as that, I am fortunate in that i do have a valid bank guarantee and have confirmation from the bank that i will receive interest for the four years i have waited but with the market having jumped up and down in this period i am concerned i will not be able to get something in the same area for the same price.

I don't understand why they would through more money at it and continue building last year with permission for the town hall if they were only going to stop it again six months later.

And no body seems willing or able to say why!

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I reckon Rixxy's right Rebekah - if the guarantee pays out I would get out of it and find somewhere else to invest on the CDS - a lot of other opportunities out there and with the general state of illegal constructions here I think that particular story will go on and on - maybe ad infinitum

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Hello everybody,

I have a friend in UK wich bought a property in Aloha Club Hill and is not having the property nor the money back.

She asked me for help due I'm in Malaga, so I'm looking for information on the Internet and everywhere.

I've found this forum and seems to me very interesting to me, but I see there is no updates since year 2008, so I wonder what happened since then.

Could anybody kindly answer How is the situation about Aloha Hill Club and what happen if an owner wants to get the money back as is the case of my friend? I've heard they offer only 50% money back. Is that true?

Thanks in advance.

Jose.

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