24 May 2008 11:44 AM:

Thanks for all the advice and apologies for the delay in my reply.

I think that there is a risk with any investment and so currently it may be worth holding onto for a little longer.

My solicitor has advised me not to part with the second deposit until the building license has been approved, so I have more time to decide.



Community thread: Available for any help!

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20 May 2008 12:00 AM:

I am currently in a state of confusion over the best way forward for my phase 3 appartment in Corvera.

Due to the low Euro and property crisis in Spain and possibly Europe, I am thinking of pulling out altogether and as I am not able to reselll until completion, will lose the initial 15% deposit

My dilemma is that if I pay my second deposit , I could be left with a property that is going to bleed money, especially with the low exchange rate, which will be with us for quite a while according to my research.

There are many positives about Corvera but with the current uncertainty I am not sure if it is best to cut my losses now so as to risk losing more in the future.

I spoke to Corvera yesterday and they said that had not lowered any prices and increased a few but this does not mean it will continue like this.

Even if I pay my second deposit and wait untiul phase 3 completion, which is due for the end of 2009 and or even early 2010, it may not be possible to sell or even rent the property.

I wondered what general opinion on the forum is and look forward to receving some help.

Community thread: Available for any help!

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20 May 2008 12:00 AM:

I spoke to Corvera yesterday and they confirmed that the building license for phase 3 had not yet been applied for, although they saw no problem with it being granted as once a buiulding license has been granted (as in 1 and 2), it is easier to get approval for more.

Community thread: Christmas parking at Malaga airport

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20 Jan 2008 1:29 AM:

I have had a request but done nothing with it. I received some mail from them last year and so cannot really think they do not have full records. They can contact us through our solicitor and failing that ring us (unless they have lost our phone numbers as well).

Community thread: Sabinillas Feria

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20 Jan 2008 12:00 AM:

I have spoken to my solicitor who has advised me not to pay anything until the license is confirmed.

However, due to the delays, it seems a little unfair for a phase 3 property to have to pay in at the due time in March 2008.

I have asked the solicitor to look into it and will have to wait to see.

But advice for now if anyone gets a demand - do nothing and take advice from your solicitor.

Regards


David

Community thread: is it true?

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