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 understatement. [...]

Polaris World has 3 months to negotiate “amicable” solution with creditors

p>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.

Polaris World talking to bank creditors, changing strategy

Polaris World, one of Spain’s biggest property developers, and one of the biggest in the world when it comes to residential golf resorts, is reported to be negotiating a debt-for-property swap with its bank creditors, according to articles in the Spanish press today.

El Castillo Golf Resort in Jumilla, Murcia, buyer on the warpath

“WARNING! DON’T BUY AT EL CASTILLO GOLF RESORT (JUMILLA, SPAIN)” are the first words you read at a new website set up by a furious Briton called Alan Ablett who is fighting to get his deposit back from a developer who he says has not even started building his home.

“In Jan 20007 we put [...]

keep looking »