Polarisworld

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This topic contains 5 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 11 months ago.

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  • #51468
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi

    Has anybody out there had any dealings with Polarisworld? I am considering buying an apartment there having been impressed by their marketing.
    I would appreciate any experiences you may have had or any info not widely available

    Regards

    Pedro1

  • #60446
    Profile photo of Anonymous
    Anonymous
    Participant

    A friend of mine put deposits down on 2 properties at Polaris world about 2 years ago and when he visited a few months ago not a single brick had been laid. He is now trying desperately to get his deposit back.

  • #60451
    Profile photo of Anonymous
    Anonymous
    Participant

    Could be as much as 10,000 apartments up there!!! Not a good place to put your money. Too big a budget on marketing, and not the actual building

  • #60452
    Profile photo of Anonymous
    Anonymous
    Participant

    I think 10,000 is an underestimate to be honest. More like 20,000 when you consider the Condada development. If I was going to buy on PW, I would look at the resale market. La Torre is staggering towards some form of completion this year and lots of people bought with the intention of “flipping” before final completion. Problem is that nobody is buying and there may be some bargains to be had. At least with an off plan resale coming towards completion you can at least get some idea of what you are buying.

    I have heard some stories of PW changing specifications and sizes as well. However, PW do seem to be one of the better funded developers in Spain.

    Fianlly, go and visit Murcia before buying and look at the sites. They are inland in a very dry and barron area, one of the reasons I decided not to buy there.

    Regards
    Kevin

  • #60463
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks for that. Hope to look at the area next month. Now feeling a bit cautious though.

  • #60465
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Pedro

    You may also want to check out this forum as well

    http://spanish-properties-forums.com/polaris-world-forum.asp

    Some good information but a lot of people who have bought who seem to be aflicted with rose coloured spectacles.

    If you want some further background as to why I decided not to invest in PW, then e-mail/pm

    Regards
    Kevin

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