Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Polaris World
- This topic has 20 replies, 11 voices, and was last updated 15 years, 9 months ago by Anonymous.
July 25, 2007 at 8:19 am #53053
Does anyone have any views/experiences with purchasing in the Polaris World resorts?
July 25, 2007 at 8:36 am #73769katyBlocked
Do a search on here and on google. From the things I have read I would say…Don’t even consider it!
July 25, 2007 at 12:40 pm #73777
If you do search for a good resale or someone selling prior to completion there are some bargains about.
July 25, 2007 at 12:56 pm #73778
Thanks. any particular reasons why it’s not good idea? Also, I am not looking at off-plan as I want to buy something now
July 25, 2007 at 5:04 pm #73781
I put a deposit down on a townhouse over 2 years ago, and then pulled out before the 30 day deadline. Since then, prices have not risen one bit.
I pulled out because there was no way to make any money from the “investment”. Too many properties, and PW keep building more and more. No real rental demand, no capital growth and all the resorts are in the middle of nowhere.
So if you are buying for investment it’s you money, but nothing has convinced me I have lost out over the last 2 years or so.
If you want a place for own use, holidays or to live. Go and rent and see if it floats your boat.
July 25, 2007 at 11:20 pm #73786
Hi I am Spanish and from Lorca (Murcia).
Polaris World is dropping its start prices from 115.000 euros to 89.000 or something similar. They have a lot of stock of properties and with the property crisis that will suffer Spain in the following years is not a good idea to buy one.
One question that I always I make is why brits buy properties in middle of nowhere?
There are lots of good quality detached houses near the beaches of Aguilas, Mazarron, … but not from media developers like Polaris and with prices more affordable and better quality.
I have seen Polaris houses to be built in very few time and thats make me think about the final quality of the product.
Also one thing to have in mind is that a property with golf field, swimming pools and so on will have a pretty good amount of conservation fee everyyear (not less that 400 pounds).
I really think that is not a good business with saving deposits over 5% and housing price rise less than that percentage.
July 26, 2007 at 10:07 am #73788katyBlocked
Polaris seem to be doing a massive advertising campaign at the moment. They have opened an office in Puerto Banus. I wonder if all the facilities will ever be completed 😕
July 30, 2007 at 4:29 pm #73839
I haven’t heard great things about this company Mass sales etc, greedy agents, others to be wary of, Ehm, Agh, Aye (just clearing my throat), Ocean Estates, Superior, Parador, Atlas, all of which have had bad Press over the years. Most are members of the laughable AIPP organisation to protect buyers (I think not) and most operate in other so called ’emerging markets’ that they are pushing now that they have been found out in Spain. My opinion only (or is it?)
July 30, 2007 at 4:57 pm #73840
Guess who are arriving on the Greek island of Crete in September to exhibit at a local property exhibition?
Atlas and Parador……..help! 🙁
Anyone got any good stories I can print on leaflets to hand out? 😀
July 31, 2007 at 11:07 am #73850
I wish you luck charlie, it’s bad news for Crete and anywhere else they crawl to, also watch out for Palmera Properties along with the rest of my list above. IMO Ocean(aka Awful Estates) started most of this and the others jumped on the lucrative mis-selling band-waggon.
July 31, 2007 at 12:43 pm #73851
…. and the others jumped on the lucrative mis-selling band-waggon.
They had better not ‘mis-sell’ to a local. Disputes/revenge here are settled by the shotgun (tradition, alongside the handle-bar moustache).
One smarty-pants English builder has been limping for the last two years – he’s as good as gold now. 😈
About a month ago Spain was highlighted in a Greek newspaper, complete with horror/shock pictures of some of the over-development.
The title of the article? ‘Don’t let’s make the same mistakes as Spain’. We can but live in hope.
August 1, 2007 at 2:35 pm #73863
Good for Crete, at least that method sorts the scammers out immediately charlie as opposed to Spain’s weak and longwinded efforts to date.
Sicily too is tipped as a good property investment but Spain’s crooked agents, developers and lawyers would not dare try to muscle in on mafia territory, they don’t like ‘new boys’ trying it on.
August 2, 2007 at 8:24 am #73865
‘Aifos’……they sleep with the fish. Now there’s a headline!
August 6, 2007 at 10:47 am #73882barrymc1Participant
There are plenty of satisfied people too who have bought on a Polaris World development so a bit of balance please.
August 6, 2007 at 11:16 am #73883
These ‘satisfied people’ are free to post their experiences here – why not ask them to provide some balance?
As an agent, you must know many ❓
August 6, 2007 at 4:19 pm #73886
barrymc1, people who have been ‘tucked up’ by them or any other agent are not interested in ‘balance’?
charlie, which agent is he from?
August 6, 2007 at 4:53 pm #73887
You can click on the www box at the bottom of Barry’s post.
Ultimate Homes SL. owns UltimateGolfProperty.com which is an ‘Authorised Agent’ of Polaris World.
August 7, 2007 at 12:38 pm #73895
Thanks for the link charlie, no wonder barryboy wants some balance, soooooo incestuous with some of these rogue agents!!!
Reminds me of Ocean Estates too, where their ex staff end up with H20, Carrington Estates, and other agents when they get found out mis-selling at Ocean.
IMHO avoid Polaris, Ocean and other mentioned on previous posts!
August 7, 2007 at 4:00 pm #73899
Out of curiosity I have just had a look at the Ultimate Homes site.
When I click on a web site I want to know who I am dealing with. I want a name and a brief resume of their professional experience. When you click on “About Us” all you get is paragraphs of guff. No names, nothing personal, nothing which might engender confidence. OK so there is spiel about a Code of Ethics but in my book it’s all worthless marketing blurb.
I also checked out their section on Investing in Spain.They quote 2003 statistics. It’s now 2007. This section is full of total rubbish. I’ve spent 36 years in property and know my way around. But there will be people who believe what’s written.
But, out of “balance”, I’ll give the last word to Ultimate. I quote:”Timing is
essential and the time is NOW!!! But please remember – investing in property is not for everyone. It is only for people with the gift of vision”.
I wonder what Snrs. Munoz and Roca think of that ? There’s not much vision through the bars of their prison cells!!!
Surely the time has come to regulate this industry and get rid of all these property alchemists.
Rant finished. Off for a cooling cervezita and tapa. It just p….s me off terribly that a good industry is being polluted by a bunch of lying s’bags!
C La L
August 9, 2007 at 10:12 am #73930
Casalaloba, well spotted for that bit about ‘balance’ on their web site, ‘Gift of Vision, and the Time is Now’, what are they like?
The only thing they are concerned about is the ‘Balance’ in their Bank Accounts.
September 9, 2007 at 8:08 am #74866
We are very happy with our place on La Torre and not worried about our property in any way, the resot is fantastic and can only get better. The school opens on the 12th September and a hospital is also being built.
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