Elviria -question about development

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This topic contains 9 replies, has 7 voices, and was last updated by Profile photo of Anonymous Anonymous 8 years, 4 months ago.

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  • #54193
    Profile photo of Anonymous
    Anonymous
    Participant

    Hello

    I recently visited Elviria and saw what looked to be quite a nice, fairly mature development. I dont know its name but there are possibly 12 -15 blocks surrounded be streets Calle Magnolia, Calle de la Dalias and Calle del Azahar.

    I was introduced to a possible seller who wished to sell a two bed apartment privately, however, Ive heard that some of the blocks in this development dont have a first occupancy licence?

    Does anyone know anything about this development? Apologies for the scant information – any information would be helpful.

    Thank you

  • #85363
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    regardless if the person is selling or an agency. Certain information needs to be provided.
    You want to see the escritura (title deeds)
    a current nota simple (summary of title deed. tells you current legal situation)

    With this information, if you are still not confident, go to the marbella townhall for confirmation of legality.

  • #85366
    Profile photo of Anonymous
    Anonymous
    Participant

    I dont know its name but there are possibly 12 -15 blocks surrounded be streets Calle Magnolia, Calle de la Dalias and Calle del Azahar.

    It’s normally a good idea to know the name of the place you are buying! 😉

    I think you need to do a lot of research and to read various threads on this Forum before proceeding.

    But, good luck.

  • #85367
    Profile photo of Anonymous
    Anonymous
    Participant
    maximus wrote:
    Quote:
    I dont know its name but there are possibly 12 -15 blocks surrounded be streets Calle Magnolia, Calle de la Dalias and Calle del Azahar.

    It’s normally a good idea to know the name of the place you are buying! 😉

    I think you need to do a lot of research and to read various threads on this Forum before proceeding.

    But, good luck.

    I also wish you good luck and agree with everyone else´s contributions.
    Would just add, research research ,research and try renting first to check that you like the area, impressions gained from holiday or quick visits are
    not always a reliable guide to the suitablity of a future home.

    Remember if you buy and make a mistake, you will be down

    7% tax
    1% notary
    1% land registry

    Plus additional costs if you need a mortgage. Then you have to sell that could take a long time.

    Ok rent paid will be lost money, but say 5000 euros paid in rent could save you a small fortune. Do not take everything at face value ,

  • #85371
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    found it on google maps.
    in in santa maria golf
    the development might be called El Manantial de Santa Maria Golf?

    i don’t beleive it has nay problems.

    How much was the gent selling it for?

  • #85377
    Profile photo of Anonymous
    Anonymous
    Participant
    Fuengi wrote:
    i don’t beleive it has nay problems.

    Does that bean that there are no horses around 😆 😆

  • #85378
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @jwc wrote:

    @fuengi wrote:

    i don’t beleive it has nay problems.

    Does that bean that there are no horses around 😆 😆

    😆 pillock

  • #85399
    Profile photo of Anonymous
    Anonymous
    Participant

    Dear intuitive,

    The development you are referring to is indeed El Manantial de Santa Maria Golf and has been confirmed by town hall to be legal.

    Two bedroom properties currently on the market in that development range (depending on square metres, views, floor and orientation) from 325.000 to 548.000 for a penthouse.

    Best regards,

    Marijke de Nier
    Residencia Estates Elviria

  • #85401
    Profile photo of Anonymous
    Anonymous
    Participant

    intuitive

    Take care i believe some blocks have a LFO and some don’t. If you want to be sure you should ask to see it or ask the Town Hall directly. If it doesn’t and you still want the property, my PERSONAL VIEW is that there should not be an issue but to guard against any problems ask for a sum of the money you intend to pay (20,000) to be put in escrow until the LFO is forthcoming.

    And you are right Elviria is a lovely area.

    Regards

    Paul

  • #85597
    Profile photo of Anonymous
    Anonymous
    Participant

    Dear all

    Many thanks for taking the trouble to reply to my post. It is much appreciated.

    After some further discussion it would appear that all/most of the blocks had at one stage a first occupancy licence which was subsequently withrawn subject to investigation?

    The vendor had an idea that the flat was worth in the region of 340,000 euros. I would only be interested if there was the possibility of buying substantially below this figure.

    Best Regards

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