Over the short time I have read the contacts between various parties regarding the recent Elviria developments
The fact is that the practices you are all complaining about has been carrying on for many years and I dont hear many people complaining where they purchased a property a few years back at say 250,000 euros and now they are worth 350,000 +euros
The sad fact is we all wanted a slice of the action and its unfortunate that stopped in the way it has.
Yes the house prices have stalled and it seems to me that many are looking to point the finger at anyone they can exept themselves.
Do you think that developers like Eralia wanted this to happen,they like everyone were part of the game and they too have lost dearly.
I note the commeents on Green Hills and has anyone had a look at this development recently ?
The quality of these spacious apartments and the swimmingpools/gardens are excellent and yes there is not yet another golf course instead you have the natural woodland looking out to sea.
Yes there is the area that the first phase was supposed to go that looks barren but this is now growing back to its former hillside
A few nice vllas on this hillside and this would be an idylic location close to possibly the best beaches in the Costa del Sol,definetly the best weather.
When everything settles down and this corruption mess is sorted it will be down to the same facts as anywhere else is the world.
Quality products in prime locations and with Elviria thats just what you have ,that why many of the people in the know ie agents and solicitors live there
Give it a couple of years,with the building around this area now stopped and the Marbella council get there act together to bring confidence back to the market and this will prove to be a fair medium to long term investment
However the guys in it for a quick buck will be disapointed but as they say it was the clear that all went for the gamble and as such you play ,sometimes you win and sometimes you loose but not in this case if you hang in their
Elviria will beat Manilva.Estepona Duquesa,Benalmandana ect every day of the week,always has an always will as regards investment,.
Now if we look at La Reserva de Marbella ,now that thats a completly different story of a poor quality development and about the worst company I could ever imagine and will am sure be a complete white elephant ,poor investment
THE DEVELOPMENT HAS A COMPLETE LEGAL LICENCE TO BUILD THE APARTAMENTS. ONLY BLOCKS 1, 2 AND 5 ARE AFFECTED BY SUSPENSION (BLOCKS 3 Y 4 WERE NOT SELLING).
THE DEVELOPER HAS GIVE ALL THEIR MONEY BACK TO 90% OF THE OWNERS IN BLOCKS 1 TO 5. (SUSPEND LICENCE BY THE COURT).
THE DEVELOPER LOST ALL COMISIONS PAID (12,5% OF THE TOTAL PRICE OF THE APARTAMENTS). ALL OF THEM HAD THEIR BANK GUARANTEE.
BLOCKS 6 TO 11 WERE FINISHED ON TIME AND HAS THE FIRST OCCUPATION LICENCE BY ADMINISTRATIVE SILENCE ACCORDING SPANISH LAW (172-5 LOUA). ELECTRICITY AND WATER ARE AVALAIBLE INDIVIDUAL.
THERE ARE A LOT OF INVESTORS IN THE DEVELOPMENT. THE MARKET IS NOT LIKE TWO YEARS AGO AND THEY DON´T WANT TO MAKE THE DEEDS OF THE APARTAMENTS THEY BOUGTH. THEY CAN´T RESALE NOW AND THEY DON´T WANT THE APARTAMENT. THIS IS THE REAL PROBLEM.[/quote] 😀