12 Jul 2008 5:08 PM:
We have very similar issue to
griff87930 and are currently awaiting details of two altenative offers via the developer and will post details once received. We have a 2 bed 1 bath in block 4 also valued at 175,000 euro, which we visited this week and still requires snagging.
Developer mortgages appear to be based on 20 year repayment mortgages at 1% above Euribor although the term can possibly be extended. I have been told a valuation will still be required.
Has anyone else actually had a firm offer via Proindal yet, and if so on what terms.
Some apartments in blocks 6 & 7? appear to be occupied although the pool is not yet available. The town hall have also occupied a unit on the ground floor of block 4. The car park appears almost complete although it did not appear to be in use. The local roads and pavements surrounding the development seemed to be finished and the shop units are being advertised for sale at 1000 euro per square metre.
The resort was much busier than we’ve experienced before (with lots of events etc - see Almerimar 24) and the development is in an excellent location and finishes appear good, therefore although still nervous about the mortgage valuation issues we hope to be satisfied with our purchase at the end of the day.
Community thread:
Using a S.I.P. card while on holiday
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