14 Apr 2013 1:38 PM:
It should be pointed out that most of those who chose not to proceed with their purchase at Corvera (many with very good reason - ie. that Calidona were not delivering what was promised) did so by forfeiting their sizeable deposits. What happened to that money? It should have gone a long way to paying the community charges for those properties now back on the market. But dare one suggest that it may have disappeared along with Calidona when they "sold" the resort?
Admittedly a few were able to move their deposits to property on the sister development but only at Calidona's original off-plan rather than current market prices.
Other prospective buyers (those on phase 3) were, I believe, able to claim their deposits back because Calidona confirmed that these properties did not have licences and were not going to be built.
If Calidona had behaved honourably the money forfeited by "non-purchasers" should have gone a long way to keeping the resort going.
Community thread:
Local advice sought
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