- This topic has 18 replies, 8 voices, and was last updated 11 years, 7 months ago by
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Here we go again …
http://www.propertyinsantamariagreenhills.co.uk/?gclid=CKXOja6K26gCFcoa4QodxHFX_w
Note the words
within walking distance of the magnificent Santa Maria 18 hole golf course and its golf shop selling items such as …
Buyer Beware couldn’t be more apt.
None of the photographs are of the development. They are nothing to do with the development. Completely different apartment in another area – the one we were shown around as being an example of the quality of an Eralia build and which lured us in.
The golf course also is nothing to do with the development. Google Earth it and you will see.
Nothing changes – all you cynics out there are absobl..dylutely right.
roots
http://www.gopetition.com/petitions/stop-the-spanish-property-roadshow-open-letter-to-davi.html
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Well they’ve got to try and sell this pig-in-a-poke somehow, Roots. And remember we were sold on the basis of the quality/reputation of award-winning Eralia, only for Green Hills to suddenly become a product of a newly-formed off-shoot company called Marbella Vista Golf, so when the doo-doo’s hit the fan GH became “nothing to do with Eralia”. What a bunch of *%£$^.
Buyer beware indeed.Reminds me of how Eralia’s website originally had a live web-cam showing the build-in-progress to keep purchasers happy, with the map of the development still showing the two upper and lower levels.
What they failed to mention was the building licence had been revoked, the upper level was never going to be built and the lower blocks were being built illegally.Talking of which, have they FINALLY got that LFO? 2003 seems a long time ago! 🙄
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@charlie wrote:
……have they FINALLY got that LFO?
@Roots wrote:
No, Charlie they haven’t.
And yet some judges in the Green Hills cases (where people want their deposits back) are ruling/ordering that purchasers MUST complete!
And who says that the law is alive and kicking in Spain???
It’s blimmin’ friggin’ NOT.
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I thought the development had been legalised 😕 According to this report it wa due last year. Maybe the Developer didn’t cough up the 1.3 million euro.
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Our letter from the Town Hall is dated 19 January 2011 and says that the LFO is ‘pending’. Admittedly a few months have passed since then. My understanding is that a considerable fine was paid and that an LFO will be issued once the roadworks and some other completions have been done.
But then again, what do I know? I see only newspaper reports. MVG and Banco Popular between them have held on to my €106,000 deposit paid in 2003 along with many thousands of euros from other would-be purchasers and so are able to pay fines and continue with the works. In the meantime the circumstances of our lives have changed and we are totally stuck and unable to move on … anywhere or in any way.
Great!
roots
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I personally visited Marbella town hall in last month and can confirm that as of Monday 11th April, Greenhills was still without LFO’s and still designated as illegal. Even the receptionist at the Officina de Urbanismo is able to check the information on her screen. She showed me the listing for Greenhills.
Initially I went to the Ayuntamiento in Orange Square and met with a very helpful lady, Marie Carmen, who made an appointment for me at Officina de Urbanismo, also in Marbella. I had explained to Marie Carmen that the town Hall had written a letter confirming that no LFO’s had been granted for Greenhills, but Banco Popular would not accept the letter and insisted that the licences were in place.
I was not allowed past reception at Officina de Urbanismo, but as stated, the receptionist confirmed to me the illegal status and lack of licences. She sent me to the Consumer office.
Here I was told that the town hall can only provide information re licences but would not get involved in any disputes with banks – not my understanding of a consumer office! They sent me to the tourist office.
The tourist office were the most sympathetic and advised me to make an appointment with Pablo Moro, the Planning Councillor for Marbella. I made the appointment by phone but on arrival he would not come out of his office to speak with me. Instead, his secretary made a call on my behalf to Banco Popular in Madrid. Banco Popular, apparently, told her to send me to their branch in Marbella where I would be received by the manager.
On arrival, no one at the bank knew of the call to their Madrid branch but allowed me to speak with the manager whose English was fluent. He examined my purchase contracts with MVG and my guarantee with Banco Popular. His response was ‘your contract says you will be delivered a house, your house has been built. There is nothing in your contract about a licence, therefore the contract has been filfilled.’ He gave me the address of their office in Granada from where the guarantees are now being administered and declined to offer any further help.
I believe these guys are fully aware that they are in the wrong but have been briefed on how to deal with any enquiries re bank guarantee issues. Nobody issues a sales contract on the understanding that the deliverables can be illegal and unusable. Whatever happened to ‘fit for purpose’ ?? Banco Popular and others who have issued ‘phoney guarantees’ are fraudulent banks and cannot be reasoned with. They need to be regulated by the Spanish Government, who conveniently don’t want to know.
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MIKE i think you will find they can not hounor those guarantees to anyone because as soon as they hounor one it sets a president to hounor them all in which case the bank would go under so they just fob you off nowing that the courts will do nothing or they can hold out long enough and the licences will be given and then they have no problem
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Hi Dartboy – you’re right, the banks will fob us off as long as possible and they will continue to lie. However there are cases that have been won through the courts yet no precedence has been set so far. I don’t know how much it would cost individual banks, but in relation to the billions of euros which will be poured into the banking system later this year, the bank guarantee debt is relatively small. There is pressure on Spain’s banks to improve their cash/asset ratio over the next few months, they need to sell the properties that they have accumulated in order to achieve this. This is one of the reasons that prompted the property roadshow.
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Says in today’s Sur that Greenhills was one of the first to be legalized.
http://www.diariosur.es/v/20110521/marbella/marbella-normaliza-medio-millar-20110521.html
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hello, how is this matter going?? are there any news??? I dont want to complete without a FOL, but I don’t know what to do… I feel totally defrauded, I bought through a real estate agency and I dont even know who is to blame for all this disaster…
I would be very grateful if any one could offer me any help,
thanks,
Carolina -
Can anyone shed any light on this blog please? It appears to have been posted on 26 June 2011. The case? Who, when, where? What happened?
Thanks.
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My best wishes go out to you Roots and all the others caught up in this mess. I am contemplating purchasing property in Spain,but not in any development. I have property in Mexico where the banking and legal framework is so loose that all real estate transactions are made through US banks, so no cash actually comes into the country until after the deeds etc. are signed and ownership changed hands. I guess the Mexicans are good students of their colonial masters! All these illegal developments must be costing Spain millions as potential investors shy away or will only purchase at greatly reduced prices, in line with the greater financial risk involved. Case Popular will not be seeing any of my money. Unemployment in Spain is 21% – What investor would want to build manufacturing plants in Spain where this massive real estate gong show exists? Seems to me that Spain is it’s own worst enemy.
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Many investors will be happy to invest in a Country with 21% unemployment as they can get ready may not able workers at low salaries.
The fact is that all aspects of Spanish economic activity is affected by corruption. An average Mr & Mrs Smith does not encounter it.
The Spanish sadly do not realise that they are their biggest enemies
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