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I am looking at a 3 bed apt in Trampolin Hills Golf Resort. The developer is Solera El Trampolin S.L.. Is there anyone with experience or knowledge of this resort and or developer. I am visiting the area next week to look at the proposed resort. Is there a good Golf Resort/developer in the Murcia area that I should be looking at. I have not being to the region before. Having just discovered this site and reviewed the various issues people have had in relation to investments/off plan with developers should I just make it a leisure weekend. Thank you in advance for any information on this request. ❓
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There are so many apartments for sale, some never lived in at bargain prices. Some of the new developments just started may never be completed as sales are slow. they are never as good as the glossy brochures, many are pulling out without completing the landscaping and some buyers have even had to pay to get lifts installed.
Why wait 3 years for a dream when you can move in a month. I would NEVER buy off-plan in any country.
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I echo what the two previous posterd have said about never buying off-plan again.
I signed up for Hacienda del Alamo in July 2003, and my property will be ready in April. Althought the resort looks great, and will be really nice in another couple of years, I also feel that buying off-plan is not a good thing. Firstly, the buyer has nothing to go on except architects plans, and fancy drawings, and dreams. Secondly, the promises of certain facilities does not always get fulfilled. Thirdly, you don’t know what the ‘feel’ of the place will be like once it’s actually built. Fourthly, a lot of off-plan buyers hope to ‘flip’ the property – ie. sell it before completion with a view to making money. Currently, this is a great way to LOOSE money in Spain.
And this results in a lot of empty, ghost-like developments where the prices get depressed because of the flood of property on sale there.If I had to do this again, I’d live in Spain for a few weeks, find out which areas I actually like, and then buy a real property, that I can touch, sense, sit in, and get the feel off, rather then buying a sales pitch and a illusion.
I’m glad I bought at Hacienda, but I’m finding that similar ‘re-sale’ properties to mine are being sold at exactly the same price that I paid for it 3 years ago! I have no intention of selling it, so the prices doesn’t matter too much for me.
Regards
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Hi there,
You were wondering about developments in the area of Murcia. I purchased an apartment last year on the Orihuela Costa. We went out in June the phase we were buying from was almost completed. We took hold of our apartment in October. We purchased directly from the developer TM Torreblanca – they have their own agents in different countries. I found them truly to be very professional and honest. You might be a bit more – but you have piece of mind. They are currently building phase 8 on Zeniamar which I think is the final phase there. They have places From Altea/Javea right down to Almeria and are now in Mallorca.
Regards,
Angela
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Fiddler,
If the showhouses are anything to go by the quality is very poor and the location is not exactly awe inspiring either but it is cheap I guess. I would look at other options.
Regarding buying off plan generally, I agree with some of the comments above to an extent and one certainly has to be careful to make the right choice. Off plan does not suit everyone, if you have funds available to buy a key ready or resale property then that may be best for you depending on your motive for buying. Off plan is still a good idea for some people though as it is sometimes the only way they can get on the ladder. Buying property in Spain is not a good idea if you want to sell within a few years – the costs of buying and selling make it unnatractive. However, as a long term investment property generally has done well and I see no reason why Spain will prove to be any different – the fundamentals look good….eternal sunshine and one of the few euro countries with rising population etc -
Thanks to all for your comments. It has helped, the agent had asked me for a non refundable deposit before I saw the development 😮 . Hence my suspicion and the reason I posted the origanal question. I intend to hold onto the property 5 to 10 years so a good location is a must 140k to 180k is my budget. I am down there this weekend anyway can anyone suggest a resort with a good developer or a good location in the area of Murcia to look in. Once again thanks for your help in advance.
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Be very careful in Murcia – Mark described it as the ‘Wild West’ in his Cinderella Costa article. I would not consider buying off-plan again.
Angela probably has the right idea – chose a reliable developer with a proven track-record. Severely limits your choices though!
Knowing what I know now, I would go to the Town Hall Urbanismo Department with a translator and check on the planning status before handing over a euro. I can give you the number for a good, reasonably priced translator in the Mazarron area if you are interested.
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I agree, I would not buy off plan again either. the developer has got your money and they are the ones who are in the driving seat!!! We went ahead with an off plan in Sept 04, they have over 70,000 euros from us and they have not started building anything yet.They want another payment from us in june (23,000)We agreed on this payemny in Sept 04 ehn they said the construction would start in March 05. We have informed them that we won’t be paying this payment. They unfortunatley don’t agree.
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crazybianchi –
Your situation has terrible echoes of ours.
When is your completion date on your contract?If your developer is asking for more money, having already taken 70,000 euros, and not built anything – something is obviously not right.
I hope you have a good independent lawyer.The reason I ask when your completion date is because if you/your lawyer can pull a ‘breach of contract’ situation, my recommendation is take the opportunity to get out .
Your lawyer must double-check the current situation of the building licence – sounds like there is a possibility it either didn’t exist or has been (permanently?) suspended.
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First of all its Cazybianchi not Crazybianchi although I could be with these developers!!
Completion date is March 2007, but if they are more than 4 months longer then we have a clause in the contract. The building licence was only in place in December 2005, no bank gaurantee in place yet, although they say it will be available by tommorrow the 1st of March, 06. Yes we have our own lawyer, recommended by my fatherinlaws lawyer in Gibraltar( fatherin law is spanish). Our lawyer is talking about adivising the consumer dept of what they are doing. She does not like these developers who think they are higher than god.We agreed to these payments when they told us that the start of construction was going to be in March 05.We kept asking when they were going to start building , even the estate agents Anglocontinental told us all the time, next month, next month, the real reason was because they had not got the building lience then, so why don’t they just tell the truth. The developer is Promaga, they apparantly have built a lot of property’s/developments. Our lawyer looked at them before giving us the go ahead to go with the off plan. i. e making sure they were a good company, making sure they owned the land. We are aware that these developers want to test the market to see if they are going to get a lot of interest in the development before they go ahead, but to annoy the investors at the same time is not good business ethics is it. The lawyer is going to try and get them on the lack of bank gaurantee, although we do have an ‘Avul’ in place, I would feel better with the gaurantee as well. We just want them to treat us right. So because they have not been truthful on when the start date is, we don’t want to pay anymore money until it is built. We are not put off if it takes a bit longer to build because we won’t move permantley to Spain until the summer 2008. Just build the blinking thing!!!
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Do excuse me cazybianchi – can I use my streaming head cold as my excuse for misspelling your name? 😳
Am pleased to see it looks like you have a good lawyer that is really working for you and not the developer – by what you say, she will no doubt advise you the best way forward as time goes by.
But I still think it is worth getting the building licence situation checked out at the Town Planning as to what the current situation is on it.
When we checked ours out, we found out from them that the BL was not only suspended but would be suspended for up to two years – that it was under investigation and would have to go to tribunal.
Maybe your development has a similar ‘hiccup’?Wish you good luck and hope your development works out o.k. [/b]
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Hi, thanks for your comments. Hope you feel better soon Sofia. I have just phone Gib and asked my father in law to nip into spain and have a look to see if they have started digging out the foundations yet, the developer told me they had started last week. They are not aware that my family live nearby so they can keep their eye on things for us. They probably think that we won’t go to the expense of flying out there to investigate. Well they are p***ing off the wrong people. All we get is the fact that we gor the property at a real low price because the development was at the very start, they tell us how much money the property as gone up. To my husband and I we are not fooled, how can something go up in price if it as not been built??? I have been studying what people have been saying about the rise in prices since sept 2004, some say there as been some say not. The spanish gov survey reported 17% with a cooling off of around 4% for 2006. Anybody got any news on this subject? I will do what you say Sofia, I will instruct the lawyer to check the licence. When it weas granted last December it stated that they had to start building within 6 months of it been granted and completed within 3 years. If they did not start within the six months then the licence would then be canceled. This as left a bad taste in our mouths. My husband and I are honest people who want to do well for ourselves and our two daughters, just like other people on this forum. So why don’t people/companies treat you like we would treat them??? They need sorting out. My lawyer enjoys telling them that they are doing things wrong. If anybody wants her email address I can give it to you. It is a family business based in Algericas. Lets what see what happens today with my lawyer and the developer. I will keep you all posted. Claire, thank you I will have another look at my AVAL, I thought it was what the lawyer had drawn up with the developer. We would not opf minded payin the 6,000 euro’s deposit until they got all the necessary papers they needed to start the development, but to request that we paid more money without tis I think like you it is extortion.
The spainish get a bad name, but it is not them it is other foreigners doing it. Anybody know of a German called ‘Jorg’, can’t remember his surname. He was an awful man to deal with, bit like a Del boy German. -
Hi, thanks for your comments. Hope you feel better soon Sofia. I have just phone Gib and asked my father in law to nip into spain and have a look to see if they have started digging out the foundations yet, the developer told me they had started last week. They are not aware that my family live nearby so they can keep their eye on things for us. They probably think that we won’t go to the expense of flying out there to investigate. Well they are p***ing off the wrong people. All we get is the fact that we gor the property at a real low price because the development was at the very start, they tell us how much money the property as gone up. To my husband and I we are not fooled, how can something go up in price if it as not been built??? I have been studying what people have been saying about the rise in prices since sept 2004, some say there as been some say not. The spanish gov survey reported 17% with a cooling off of around 4% for 2006. Anybody got any news on this subject? I will do what you say Sofia, I will instruct the lawyer to check the licence. When it weas granted last December it stated that they had to start building within 6 months of it been granted and completed within 3 years. If they did not start within the six months then the licence would then be canceled. This as left a bad taste in our mouths. My husband and I are honest people who want to do well for ourselves and our two daughters, just like other people on this forum. So why don’t people/companies treat you like we would treat them??? They need sorting out. My lawyer enjoys telling them that they are doing things wrong. If anybody wants her email address I can give it to you. It is a family business based in Algericas. Lets what see what happens today with my lawyer and the developer. I will keep you all posted. Claire, thank you I will have another look at my AVAL, I thought it was what the lawyer had drawn up with the developer. We would not opf minded payin the 6,000 euro’s deposit until they got all the necessary papers they needed to start the development, but to request that we paid more money without tis I think like you it is extortion.
The spainish get a bad name, but it is not them it is other foreigners doing it. Anybody know of a German called ‘Jorg’, can’t remember his surname. He was an awful man to deal with, bit like a Del boy German. -
Fiddler:
We are buying from this developer/builder on their original site at El Trampolin. We are happy with build quality and service although they do tend to do things the Spanish way, for example they will commence building before all approvals are in place. There is no difference in thier building standards and the other major developers. The head office is off the C3319 Murcia to San Javier motorway at Gea Y Truyols (about 10 mins in land). From this office, they sell properties at all three of their developments. They are a small company who will deal with you direct, and no agent necessary, so you may get a discount. The directors are based at this office so you know who you are dealing with. There are many Golf developments underway in Murcia, Polaris World is one of the biggest. Some of their re-sales are very good value and many have never been occupied and no more expensive than the new builds. The Trampolin Hills development and The massive new Polaris World development (Condado) have been subject to some delays caused by political infighting at the town hall and the latest is that Polaris world are not going ahead with their Condado project. However, Trampolin Hills seems to be back on. We reserved without paying a deposit until our solicitor had checked all the permissions were in place. Do not be persuaded into parting with any money at an early stage. It is a buyers market in this region. (These issues have been covered extensively on a popular Polaris World forum) I hope this has helped you.
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