British buyers take legal action against developer of Corvera Golf and Country Club in Murcia
A group of 10 British buyers is taking legal action against Calidona, the developer of Corvera Golf and Country Club in Murcia, arguing breach of contract and demanding their money back. The group are represented by Irwin Mitchell, a firm of British solicitors with offices in Spain.
Trampolin Hills Golf Resort update; false hope for victims?
Hundreds of Britons paid tens of thousands of pounds to buy homes off-plan at the Trampolín Hills Golf Resort in Campos del Río, Murcia, only to see the company go bankrupt with nothing to show for their money. A new report from the court administrators says the company is not ‘balance sheet insolvent’ leading the [...]
Costa Blanca, Murcia and Valencia market report 2010
A report looking at the property market of the Costa Blanca (north and south), Murcia and Valencia. By Lisa Francis of The Property Finders. Costa Blanca, Murcia and Valencia property market report 2010 To say that right now is not the best of times for property sellers within the region I cover would be an [...]
Polaris World has 3 months to negotiate “amicable” solution with creditors
Polaris World, Spain’s biggest developer of golf resorts, has 3 months to negotiate an “amicable” solution with its creditors after admitting that it has “temporary liquidity problems in some of its subsidiaries.”
Judge orders Trampolin Hills to return money to client
A judge in Murcia has ordered the developer of the Trampolin Hills Golf Resort to return more than 60,000 Euros in part payments to a client whose home was never built, reports the Spanish press. The developer will also have to pay tens of thousands of Euros in interest payments and costs.
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