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Apartment in Almeria - Terque

Apartment in Almeria - Terque

Old Oct 17th 2005, 10:32 pm
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Question Apartment in Almeria - Terque

My friends have put down a deposit on an apartment (Los Olivios) in Terque? in Almeria. They paid the deposit in January of this year, and was told the property would be ready probably in August 2006.

They have just been again to see the site, this time the company has told them the licence has only just been granted to the builders, and that completion date is now expected in August (ish) 2007. Although they have paid 25% of the cost of the property, they don't seem to have a contract that gives them the completion date. Apparently, the builder has got mortgages available to all purchasers once the properties are ready.

I'm a little concerned for them. Can anyone advise me. Is this normal practice?

Spanishgirl
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Old Oct 17th 2005, 11:32 pm
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Default Re: Apartment in Almeria - Terque

I would be more than a little concerned for them given:

http://ws08.ipowerweb.com/eyeonspa/Off_Plan_Msgs.aspx

and the many other pages like this I found in less than 60 seconds on the web.

I don't live in the region so I can't offer specific advice but on the basis of your post I suggest you check out http://www.spanishpropertyinsight.com/ and post your concerns on their forum asap.

Best
Loco











Originally Posted by spanishgirl
My friends have put down a deposit on an apartment (Los Olivios) in Terque? in Almeria. They paid the deposit in January of this year, and was told the property would be ready probably in August 2006.

They have just been again to see the site, this time the company has told them the licence has only just been granted to the builders, and that completion date is now expected in August (ish) 2007. Although they have paid 25% of the cost of the property, they don't seem to have a contract that gives them the completion date. Apparently, the builder has got mortgages available to all purchasers once the properties are ready.

I'm a little concerned for them. Can anyone advise me. Is this normal practice?

Spanishgirl
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