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Old 16th June 2008, 04:19 PM
Big Pete Big Pete is offline
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Quote:
Originally Posted by chris(madrid) View Post
To a certain extent - Could be - BUT as long as you're 100% sure it will get built (Polaris is an example where you could reasonably expect to get it)

BUT there are already stories of folk buying property against plans and the builders have filed for bankruptcy or simply just done a bunk and they're now stuck with NO CASH - NO WAY TO RECOVER IT - AND AN UNINHABITABLE HOME. This is not the first time it's happened in Spain.

Right now - I'd be wary of ANYTHING that is not finished & legalised.

And NEVER USE THE BUILDERS LAWYER - ALWAYS USE A NOTARIO
I have never understood anyone buying offplan even before the recession . to risky in my book ..

They buy after being shown a full top spec showhome with a artists drawing of some sexy scantily lady playing tennis by the pool which is always only 1/4 full of people , with a backdrop of open land with picturesque scenery as a backdrop , looks like paradise Then when they got your deposit the ground work starts and then you pay for them to buy the materials for them to build it
You then spend the next year scared to death and praying the builder doesnt rip you off and that if it is finished its built properly , eventually just when you get to the final payments you find that the pool isnt quite so good and suddenly that nice view and open land has another build block put right in front not quite as the drawing

Then to cap it all with your nerves and stress level about to pop from all the praying and worrying if the builder is gonna stay in business long enough to complete your dream house , you cant live there as it shouldnt have been built in the first instance . To then be left with ongoing hassles with electric supply as it appears that all the builder has done is poke some wires into the neighbours supply who inturn had his wires poked into some builders generator Then to spend time and legal fees to sort it all out and then put up with a further year of builders working on the roads and street lights and all the other houses they sold in phases 2 and 3 ..

Mugs game if you ask me
Buy one thats built for christ sake heck so you have a secondhand cooker and the floor colour isnt what you had chose but heck you keep your nerves and sanity intact and you know what your paying for
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