- August 16, 2007 at 5:40 pm #53294
Property developer and civil building developer of the Murcia Region CHC (Conducciones Hidráulicas y Carreteras) is in BankRupt.
Today I have seen it on TV and a lot of suppliers waiting in the door for their money.
I have been looking information in the WEB about this company of my Region and I have seen that they have a resort in Granada in dead Situation.
Is the ‘Mirador de Alhendín’ Resort. A serie of villas about 300.000 euros. They had sold about 40% of the resort but finally they couldn’t find the sufficient bank finance for the project:
So this 40% means some more british burnned in the spanish sun.
I repeat the same thing again:
Be very careful. Today buying off plan properties is very dangeraous. The property developers have very scarce sells so they struggle with banks to get finance. If not, they leave a property development in a dead point. (Some structures buildt and some british scammed).
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