22 May 2008 12:00 AM:
Dear All Owners of Lar Sol in Estepona,
We have just visited the building site viewing it from valle Romano. The construction of Phase 1 has stopped since several months as per 1st hand information we have recieved and this info believe it is genuine.
This is due to that Lar Sol has not paid the builders wages and the builders have taken the construction site under "siege" till they get their money. Also "EL Corte Ingles", the kitchen fitters, demands payments in turn from the builders.
Also this might have been allready said previously it is confirmed that Phase 2 and 3 will not go ahead.
The advise is, pull out asap and if you have a bank garantee you will get your money back. We have looked at other properties, completed and due the market there is a great potential of completed properties at lower purchase price then 3 years agoo.
We recomennd Andalucien Dream Homes. Contact Julio Romero as we have been given from him the best profesional advise and help.
Sorry to give you this news but better now then to late
Community thread:
Spanish property pessimist gets a surprise
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