27 Oct 2008 7:25 PM:

Hi Leytonstoneblue. I'm in the same boat. took out multiple devts, was told money ringfenced,visited the site twice and met in LLanera office a couple of times in Murcia. How can a supposedly reputable company based on London set up an office in Knightsbrdge, ride off the success of the UK side, bombard you with other development opportunities in Brazil, spain, Portugal etc etc, then shut up shop and there is no comeback? Is this not the same as going into receivership and opening up under a new name and trading terms the next day? I've been given 2 options. Put all deposits into 1 property and walk away from the others, or go legal on reclaiming deposits. Likely timescales to resolve legally would be 2-3 years. In the mean-time - the market is falling everywhere and yet the new owners are not prepared to show any sign of loyalty in offering any form of reduction to keep original depositors. It baffles me - better to have 10 people paying 20% less than none paying full... Couple that with timescales to resolve legality and licence side of the region, and I can honestly see no way that dates will be met. In the last 2 weeks i've received artists impressions of the updated development and they've changed. Also - when I last visited in April 07 - a new development was also being marketed on the opposite side of the main road... Unless an en-masse legal case was raised I can see no way of getting deposits back and feel fortunate that the euro was on our side when we originally deposited in 06. It's a great pity - the location, the concept, the infrastructure promised - would have made this an absolute haven.. reckon it's now going the other way. Good luck.

Community thread: Planning permit

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16 Jun 2008 4:10 PM:

Hi. I've had no correspondence from Foxtons or the new party involved for over 9 months now, despite them confirming to me last year that all my details had been forwarded to relevant party. Can anyone give me some guidance on best points of contact as currently getting no where and want to progress with my reservations. I visited the site at the end of April last year and went to the Llanera office for a couple of hours to discuss all options etc, and also in oct the year before. Despite the property market and euro fluctuations - what better place to invest in? Stunning region and would recommend staying in Murcia for a couple of days - architecture stunning, the 'flower' square and tapas in the evening.... Any links/contact names greatly appreciated. thanks, Simon

Community thread: Planning permit

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24 Sep 2007 12:00 AM:

I found the following article today after a friend informed me last week that LLanera were having a few financial difficulties. http://www.reuters.com/article/bondsNews/idUSL2456131420070924?pageNumber=2 Has anyone had any correspondence regarding above? Any news would be greatly appreciated.

Community thread: Financial crisis in personal terms

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19 Feb 2007 12:00 AM:

I've just returned from Murcia after a golfing weekend 1 hour further down the coaast at Almeria, where developments are going up all over the place. We placed our deposits last october and I visited the site for 2 days to get a feel for the area in 2nd week of October when the weather wash cold in the morning, but I went for a swim in the afternoon down at the beach before returning to the UK. I spent 2 nights in the city of Murcia - what a beautiful unspoilt city - not an english restaurant in site, beautiful squares and tapas bars (check out flores square) Seeing the coast developments, I know we've made the right choice in Caravaca. We've gone for a 2 bed and a 3 bed apartment with the intention of using the 3 bed as a 2nd home/long weekend retreat. Still not decided about the 2 bed... whether to let out or sell. After discussing with the Uk side about timescales - it's looking like 20% deposit will be needed at the earliest end May. Regards
Community thread: Indian in Almoradi

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