19 Nov 2008 8:57 PM:

hi fhs,

i am in phase 3 and thats what i am talking about.

the work was going on in all phases

christian has left promaga

the guy i spoke to had very little english and you could not have a proper conversation with him

claudsalt

sorry i did not ask anything about phase  4 but there was a lot of work going on on that phase

Community thread: Phase 4

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12 Nov 2008 9:58 PM:

i visited site last monday,

plenty of workers on site,i was told that 2 houses had been handed over and people had moved in.

they wanted to draw up a snagging list and prepare to complete, i have no doubt that this development will be completed.

overall i am disappointed with the development,  there are too many units crammed into the site, development has far too many entrances and exits , not very secure, swimming pools and sunbathing area is tiny for a development of this size, the colour of the buildings is poor (what happened the white that was on all the brochurs), and no kitchen  fittings.

promaga will finish this site as fast as possible considering the amount of cash tied up there

i noticed people working on the site on the next hill which is also being developed by promaga

claudsalt

Community thread: Phase 4

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04 Nov 2008 5:45 PM:

hi Calvin,
phase 3 was originally contracted to be completed in october 2008 and then the letter from ADH  extending this to december 2008.
regarding the 20% loss of deposit (maybe i should have said 20% first payment)
I like every other purchaser have already handed over this payment and the other 80% is due on completion. he says walk away from the deal and lose the 20% already paid and seek far better value at reductions of 40%+ that are available at the moment
of course all these % losses are pure speculation and we wont know the true values until people complete the deal and then resell.  a lot will depend on all 4 phases being finished and the quality of the finish,  look at the mess they have started regarding the fit out in the kitchens.  (see the new posting I put in last night)
my solicitor informs me that LoFO  has been issued for phase 3
claudsalt
 

i am going over tomorrow and staying for a few weeks where i will be able to see whats going on




















































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Community thread: Phase 4

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04 Nov 2008 1:56 AM:

hi all,
a few questions if anybody  can comment.
i have been told that bank guarentees are almost useless, and would take years of litigation.
i would certainly like to be included in any joint action.
who are lawyers of Spain? why are they sending  emails/newsletters to some of you?
where did they get your information and addresses? is it only people in phase 4 who are getting this info?
i am in phase 3.
can anybody tell me who the legal people that andalucian dream homes were trying to push on me, i think they also work for them, i got a different solicitor
as for prices of property my enquires  lead   me  to believe that they have fallen between 33% and 45%.. last month a friend of mine introduced me to a wealthy friend of his.
he has lived in Marbella for  10 years ad is starting to invest in property. he had just completed the purchase of 3 properties for  between 600,000 and 7000,000 euros. all properties had been on sale for more than a year  and had been reduced down from a starting price of 1.25 millon euros.
this made me look in a lot of auctioneers windows and they had a lot of properties with reduced prices, he advised me to forget about Vista Hermosa and  look around for a different property  at a 40% reduction and take the 20% loss of deposit
any comments please  reply
claudsalt

Community thread: Phase 4

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04 Nov 2008 12:00 AM:

does anyone know anything about this web site   called  promagacowboys                .i have been trying to register for some time now without success
the administer wont allow links to other websites but if you  use your  imagination  and use the most common 3 letters before and the most COMmon 3 letters at the end you should get the right page
claudsalt

Community thread: web site

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