25 Nov 2008 2:16 PM:

nobody has mentioned yet the availability of mortgages for the Village, so I have been doing some research

we were told 80% non-status would be available - try finding that at the moment

and valuations will also be a problem I think - Estepona is about 3000 euros per metre max, and half-rate for the terracing

so maybe 210k for the average apartment, and 30k for the terracing, most people paid a lot more than 240k I think

cheers

Community thread: Anyone considering pulling out?

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25 Nov 2008 2:09 PM:

Agree with you regarding qualities at Finca Cortesin. It is a completely different level to the Village and any comparisons in terms of price and quality are tenuous at best

And the new prices at the Village make it way too expensive on a square metre basis

I understand that posh apartments in Sotogrande fetch about 6000 a metre, Estepona maybe 2400-3000

the little 72 metre apartments with 20m of terracing will need to value at about 5000 per metre. It's never going to happen

cheers

Community thread: Those that aren't pulling out

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12 Sep 2008 11:43 AM:

how can they say the prices have gone up and we have all made big profits on paper, when it seems that there is a lot of unsold property in spain that is coming down in price ?

Community thread: Business Network Group opening new Group on Thursday 4th Feb, Nueva Andalucia

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08 Jul 2008 11:58 PM:

ADB you are joking right ?

right now there are probably a few hundred people that would let you buy there apartments !!!!!

Community thread: Business Network Group opening new Group on Thursday 4th Feb, Nueva Andalucia

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08 Jul 2008 4:07 PM:

have heard that the site is closed - no access allowed. So even if there had been some work started, there is nothing going on now

i know that people that bought at the original arsenal development got all of their money back after that turned out to be a big cock up

they finished the apartments but there were no promised rental garantees

Community thread: Business Network Group opening new Group on Thursday 4th Feb, Nueva Andalucia

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