07 Oct 2008 12:00 AM:

Just come back to look at the forum after a while to get an update on things in spain.

I didnt complete on my two units from IA on PG2 and lost 40k in the process, A year on did I make the right decision ??.

Looks like IA have gone bust, San Jose have gone bust, and bridge homes are a disaster, but there are some positive coments on the site.

For those interested I managed to get out of bahama bay and actuallly got my money back. My solicitor is still in shock...

Any news on bahama bay ???


mark

Community thread: did I do the right thing

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16 Aug 2007 4:36 PM:

Well its done.

Manuel has come through eventually and got me back 10% of each unit totaling 31400 euro. Im happy at this even though I have had a big loss. This coming back in instead of 150k plus all costs going out was the right decision for me.

looking at recent posts the rental situation is a complete nightmare . I am now free of all worries and can concentrate on my english porftfollio.

Unfortunatly I still have one unit at bahama bay completing in november but I am going ahead with this as it looks a better bet.

If anyone else has a bahama bay unit through IA please get in touch.

 

Good luck to al Playa golf 2 investors whatever you decide.

 

mark

Community thread: Help needed please!!

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15 Jun 2007 12:00 AM:

well hi everybody

As per previous posts I decided not to complete on my two top floors apartments . I posted them with an agent and here on the site and had no enquiries by the way even with a 20% discount.

Manuel the lawer is supposed to be getting me 10% of the purchase price back ( i paid 30 %) as deposit. He apparantly has a post dated check for the 10.7.07. Even though he told me in april It would take two weeks.

Has anybody else gone down this route.

 

mark

Community thread: jet 2....99p

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28 Feb 2007 8:47 PM:

Mine was definatly an investment purchase having a few properties in the uk I wanted to diversify. As an investor I went into it with my eyes open and knew the risks. I am not complaining now things have gone wrong. However what I want to do now is come out of it in the best possible way.

Theres definatly a bubble as I posted earlier however in 2004 when I bought these there was'nt and it still looked a decent bet. As Ive said anybody buying a holiday home for there own use wil be ok, and this is a definate buying opportunity for them. but not investment as Im sure there is no chance of covering rents at the moment. One post said he paid the management company £60 per quater for marketing and got 50 euro back in rent. Not brilliant.

Cheers

mark

Community thread: restaurants near almoradi

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28 Feb 2007 10:49 AM:

Sounds right to me.

One thing hasnt been mentioned what would be san jose position if people started asking for discounts to complete. I suspect they might be between a rock and a hard place as well. For anybody completeing now its worth a try.

Unless I get a buyer for a 15% reduction in price to buy ( giving me an extra 5% ) my contracts Im out.

Anybody looking for an apartment for themselves would be getting a good deal and way better than from san jose agents I have spoken to regarding thier new prices.

Community thread: restaurants near almoradi

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