I’ve just returned back from a short visit to Estepona to check out the building progress and visit our lawyer’s, Lexland. We are buying in phase 3 of Villa Bourghasse on Valle Romano.
We where met my our VR host at the sales office after pre booking a site visit. The sales office is now just of the Main entrance right at the bottom by the main road A7.
Our VB development is just next to the club house and is progressing on time and there are literally 100’s of builders and crane’s all over phase 1& 2, which has to be completed by Mar09 and it all looks like it’s on track. Our phase 3 is due mar09, so we have no reason to panic at this stage it looks like it’s on track. We visited a show home and the standard of workmanship is very good.
We passed the football village, at last we saw some major work taking pace (nothing had happened in Feb when we last visited) the footing are building progresses and loads of workers and crane’s are now in action, but there is still no brick work and allot still needs to be done to finish footing I would say (but I’m no engineer) the sales guy said that they had previously had issue’s we the building contractor and they have now changed to teconsa who are much bigger and he said are working 3 times faster.
So we feel comfortable about the building progress, it’s more the legalities, ability to get a mortgage in the current climate and the validity of the BG. The bank guarantee if with the same bank who now own 100% of the development. Our sales agent said they took full ownership around the beginning of the year, our lawyer said it was 12-18 months ago. So some fact’s are really hard to gather.
Regarding Lexland, they say test cases are now being assessed regarding your ability to execute your BG based on the fact that if the building start date is not on time this may be sufficient proof it cannot be completed on time, also he suggested that the builders 6 month extension clause can be challenged as not being a fair claim – so worth you pushing with your lawyer if you don’t want to hang around
Hope this helps, I’m off now so will be back on line next week
Gary
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