06 Nov 2008 12:10 PM:
Reality check here,
Apart from building completion times, there will be further delays with regard to issuing of habitation licences, infrastructure, services, xmas and new year and of course the notary process.
The realistic completion time is well into the new year (Feb/march!!) at the earliest.
The developers have failed to comply with the timeframe advised within the building contracts (this period expired in Sept 08).
So. it looks like a further 6 month delay before phase 1 properties are ready for completion.
The developers should issue revised completion times but will not for legal reasons because of the number of purchasers now seeking the return of their bank guarantees due to the project delays, and changes in property valuation.
You can still have roast turkey at easter!!
Community thread:
What is going on?
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