Think again before buying in the Costa del Sol

Spanish Property Insight Forums Spanish Property Forums Spanish Real Estate Chatter Think again before buying in the Costa del Sol

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    • #52435
      Anonymous
      Participant

      We have purchased a property on the Costa del Sol and we are unable to complete on this property we will have to forfeit on the deposit. Anyone thinking of buying in Benahavis area think carefully and research your agent as we believe the property has been misold to us under false pretences . I also question the integrity of the company I bought from so PLEASE everyone take care when purchasing and research the agent very carefully

    • #67307
      katy
      Blocked

      In which way did they misell?

    • #67308
      Anonymous
      Participant

      future financial model did not add up , e.g rental value and number of weeks rented out. Running costs not taken into account and interest rates were not realistic. In addition they offered us buy back opion which expire in within a few months of purhcase knowing we had a concerns about purchasing. This was a hard sell .

    • #67309
      Anonymous
      Participant

      Did you use the developer/agents lawyers? It is a risky business at the moment relying on either selling on an off plan property before completion. Or relying on rental income to service mortgages etc on the property on CDS (and some other growth areas of Spain.)

      The phrase “caveat emptor” buyer beware has never been so true outside of UK.

    • #67310
      Anonymous
      Participant

      Yes we used the agents’ lawyer feel like such a sucker!!!

      What does caveot empur mean??

    • #67311
      Anonymous
      Participant

      What is the name of the development in Benahavis?

    • #67312
      Anonymous
      Participant

      Las Lomas del conde Luque

    • #67315
      Anonymous
      Participant

      I don’t know that one. I thought it might have been another development that is built on top of the mountain!

    • #67318
      Anonymous
      Participant

      @vivaespania wrote:

      Yes we used the agents’ lawyer feel like such a sucker!!!

      What does caveot empur mean??

      Did you mean caveat emptor? This is a latin term meaning ” buyer beware”

      In other words “be cautious”

      regards
      jez

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