COSTA ESURI - AYAMONTE
Jul 15th 2008 | 9:44 pm
#2671
Welsh Ambassador to Spain
Joined: Dec 2006
Posts: 1,741
Re: COSTA ESURI - AYAMONTE
Hi
Heres an update on CE.
The shopping centre deal is 1sr year free, 2nd year 50% rent and year 3 75% rent to pay. Sounds good... dont know what happens now with the Fadesa news.
Fadesa told me that the permissions were all in for the Marina, but under the current situation there is no way that they would consider moving forward. I also had drinks with a friend on the Ayamonte Marina on his boat and he tells me that fuel prices are crazy, what it costs to run his 400hp diesels is amazing. I wonder if this will have an impact on the boating industry ergo the Marina. I am not expecting it.
Fadesa also told me that Eroski will definately take over the shopping centre slot. I got a lot of good sounding news that day from them, and I wonder if they have been told by their bosses to put on a 'good face'. The person that told me is very good and honest but may have 'instructions' to follow. (For example I was also told that 85% of the PA village was sold - but just loking at the debtors list - theres far too much Fadesa there)....
Also good news from them is that the hotel was signed off, the new buyers (they didnt know who) want to make some design changes and plan to open summer next year. Hmmmm another piece of good news... hope its true!
Big deals to be had here now, not just Fadesa.... theres a duplex going here with a 20% price drop from a distressed sale.... also I went into one of the sales offices and they were anxious to let me know that I could negotiate a good deal and also even negotiate sales payment terms (dates, staged payments %ages etc). I wouldnt hesitate, personally at going in at 20% below price. But a firm condition is that there is a bank g'tee.
.
We have to brave these hard times with Fadesa, if that commercial centre and hotel can finish then it can only get better from where we are today - and today we are having a blast!
Anyway just a quick update from the coal face....
Regards
Jon
Heres an update on CE.
The shopping centre deal is 1sr year free, 2nd year 50% rent and year 3 75% rent to pay. Sounds good... dont know what happens now with the Fadesa news.
Fadesa told me that the permissions were all in for the Marina, but under the current situation there is no way that they would consider moving forward. I also had drinks with a friend on the Ayamonte Marina on his boat and he tells me that fuel prices are crazy, what it costs to run his 400hp diesels is amazing. I wonder if this will have an impact on the boating industry ergo the Marina. I am not expecting it.
Fadesa also told me that Eroski will definately take over the shopping centre slot. I got a lot of good sounding news that day from them, and I wonder if they have been told by their bosses to put on a 'good face'. The person that told me is very good and honest but may have 'instructions' to follow. (For example I was also told that 85% of the PA village was sold - but just loking at the debtors list - theres far too much Fadesa there)....
Also good news from them is that the hotel was signed off, the new buyers (they didnt know who) want to make some design changes and plan to open summer next year. Hmmmm another piece of good news... hope its true!
Big deals to be had here now, not just Fadesa.... theres a duplex going here with a 20% price drop from a distressed sale.... also I went into one of the sales offices and they were anxious to let me know that I could negotiate a good deal and also even negotiate sales payment terms (dates, staged payments %ages etc). I wouldnt hesitate, personally at going in at 20% below price. But a firm condition is that there is a bank g'tee.
.
We have to brave these hard times with Fadesa, if that commercial centre and hotel can finish then it can only get better from where we are today - and today we are having a blast!
Anyway just a quick update from the coal face....
Regards
Jon
Jon
No offense intended, but that presentation on the CC was nothing but a salvage attempt.
Please, I beg all of you, be realistic. What do you honestly expect from the CC when there's one just a couple of KMs away in trouble?? What do you think you will get??
Eroski is already seeking ways out as they signed up in the knowledge that CE would be 80% full by the time they went in. They sold their plot in Ayamonte back to the hotel and are now caught in the middle. They will not go to CE in the Spring if they have to give up Ayamonte. They just won't do it.
Why did Knight Frank, the company used by Fadesa to promote the CC, exaggerate the population figures of Ayamonte by well over 100% and deflate the neighbouring towns' populations too????? And this was such a schoolboy error that can be disproved in one statement: how many councillors does Ayamonte have? It has 17 beacuse their population has not surpassed 20,000. (And yes, that includes all Ayamonte - Canela, Villa Antonia and Milton Keynes on Sea) Where in God's name did they get 38,292 from????????? They dropped Lepe's population by at least 3,000 and Isla Cristina's by 2,000. Are they that concerned???? Spaniards in Lepe or Isla Cristina are never going to frequent the place in any case, and I doubt Ayamontinos will be going in their droves either.
The only reason I can see for them doing this was to make it more attractive for those seeking franchises where there are fixed rules about having a minimum poulation in the catchment area.
It was quite amusing Friday to have the good and great of Huelva there alongside the bigwigs of Fadesa, all of themm gossiping about the impending collapse of Fadesa, whilst tucking into the free wine and tapas. Talk about the Last Supper....
Jul 15th 2008 | 9:59 pm
#2672
BE Positive
Joined: Sep 2005
Posts: 3,984
Re: COSTA ESURI - AYAMONTE
Jon
No offense intended, but that presentation on the CC was nothing but a salvage attempt.
Please, I beg all of you, be realistic. What do you honestly expect from the CC when there's one just a couple of KMs away in trouble?? What do you think you will get??
Eroski is already seeking ways out as they signed up in the knowledge that CE would be 80% full by the time they went in. They sold their plot in Ayamonte back to the hotel and are now caught in the middle. They will not go to CE in the Spring if they have to give up Ayamonte. They just won't do it.
Why did Knight Frank, the company used by Fadesa to promote the CC, exaggerate the population figures of Ayamonte by well over 100% and deflate the neighbouring towns' populations too????? And this was such a schoolboy error that can be disproved in one statement: how many councillors does Ayamonte have? It has 17 beacuse their population has not surpassed 20,000. (And yes, that includes all Ayamonte - Canela, Villa Antonia and Milton Keynes on Sea) Where in God's name did they get 38,292 from????????? They dropped Lepe's population by at least 3,000 and Isla Cristina's by 2,000. Are they that concerned???? Spaniards in Lepe or Isla Cristina are never going to frequent the place in any case, and I doubt Ayamontinos will be going in their droves either.
The only reason I can see for them doing this was to make it more attractive for those seeking franchises where there are fixed rules about having a minimum poulation in the catchment area.
It was quite amusing Friday to have the good and great of Huelva there alongside the bigwigs of Fadesa, all of themm gossiping about the impending collapse of Fadesa, whilst tucking into the free wine and tapas. Talk about the Last Supper....
No offense intended, but that presentation on the CC was nothing but a salvage attempt.
Please, I beg all of you, be realistic. What do you honestly expect from the CC when there's one just a couple of KMs away in trouble?? What do you think you will get??
Eroski is already seeking ways out as they signed up in the knowledge that CE would be 80% full by the time they went in. They sold their plot in Ayamonte back to the hotel and are now caught in the middle. They will not go to CE in the Spring if they have to give up Ayamonte. They just won't do it.
Why did Knight Frank, the company used by Fadesa to promote the CC, exaggerate the population figures of Ayamonte by well over 100% and deflate the neighbouring towns' populations too????? And this was such a schoolboy error that can be disproved in one statement: how many councillors does Ayamonte have? It has 17 beacuse their population has not surpassed 20,000. (And yes, that includes all Ayamonte - Canela, Villa Antonia and Milton Keynes on Sea) Where in God's name did they get 38,292 from????????? They dropped Lepe's population by at least 3,000 and Isla Cristina's by 2,000. Are they that concerned???? Spaniards in Lepe or Isla Cristina are never going to frequent the place in any case, and I doubt Ayamontinos will be going in their droves either.
The only reason I can see for them doing this was to make it more attractive for those seeking franchises where there are fixed rules about having a minimum poulation in the catchment area.
It was quite amusing Friday to have the good and great of Huelva there alongside the bigwigs of Fadesa, all of themm gossiping about the impending collapse of Fadesa, whilst tucking into the free wine and tapas. Talk about the Last Supper....
None taken... like I said I was getting lot of good news and I questioned the reality of it all....
So you think there will be no Eroski there. Thats a shame. Lets see.
However we are still having a really good time here, as it is today, and that is what we bought for... I am going to remain cautiously optimistic that it will over time get better...
Sorry I didnt meet you at the meet..... I think we would have had a laugh
Cheers
Jon
Jul 15th 2008 | 11:28 pm
#2673
Lost in BE Cyberspace
Joined: Jun 2005
Posts: 6,912
From: Puente Esuri
Re: COSTA ESURI - AYAMONTE
Jon
No offense intended, but that presentation on the CC was nothing but a salvage attempt.
Please, I beg all of you, be realistic. What do you honestly expect from the CC when there's one just a couple of KMs away in trouble?? What do you think you will get??
Eroski is already seeking ways out as they signed up in the knowledge that CE would be 80% full by the time they went in. They sold their plot in Ayamonte back to the hotel and are now caught in the middle. They will not go to CE in the Spring if they have to give up Ayamonte. They just won't do it.
Why did Knight Frank, the company used by Fadesa to promote the CC, exaggerate the population figures of Ayamonte by well over 100% and deflate the neighbouring towns' populations too????? And this was such a schoolboy error that can be disproved in one statement: how many councillors does Ayamonte have? It has 17 beacuse their population has not surpassed 20,000. (And yes, that includes all Ayamonte - Canela, Villa Antonia and Milton Keynes on Sea) Where in God's name did they get 38,292 from????????? They dropped Lepe's population by at least 3,000 and Isla Cristina's by 2,000. Are they that concerned???? Spaniards in Lepe or Isla Cristina are never going to frequent the place in any case, and I doubt Ayamontinos will be going in their droves either.
The only reason I can see for them doing this was to make it more attractive for those seeking franchises where there are fixed rules about having a minimum poulation in the catchment area.
It was quite amusing Friday to have the good and great of Huelva there alongside the bigwigs of Fadesa, all of themm gossiping about the impending collapse of Fadesa, whilst tucking into the free wine and tapas. Talk about the Last Supper....
No offense intended, but that presentation on the CC was nothing but a salvage attempt.
Please, I beg all of you, be realistic. What do you honestly expect from the CC when there's one just a couple of KMs away in trouble?? What do you think you will get??
Eroski is already seeking ways out as they signed up in the knowledge that CE would be 80% full by the time they went in. They sold their plot in Ayamonte back to the hotel and are now caught in the middle. They will not go to CE in the Spring if they have to give up Ayamonte. They just won't do it.
Why did Knight Frank, the company used by Fadesa to promote the CC, exaggerate the population figures of Ayamonte by well over 100% and deflate the neighbouring towns' populations too????? And this was such a schoolboy error that can be disproved in one statement: how many councillors does Ayamonte have? It has 17 beacuse their population has not surpassed 20,000. (And yes, that includes all Ayamonte - Canela, Villa Antonia and Milton Keynes on Sea) Where in God's name did they get 38,292 from????????? They dropped Lepe's population by at least 3,000 and Isla Cristina's by 2,000. Are they that concerned???? Spaniards in Lepe or Isla Cristina are never going to frequent the place in any case, and I doubt Ayamontinos will be going in their droves either.
The only reason I can see for them doing this was to make it more attractive for those seeking franchises where there are fixed rules about having a minimum poulation in the catchment area.
It was quite amusing Friday to have the good and great of Huelva there alongside the bigwigs of Fadesa, all of themm gossiping about the impending collapse of Fadesa, whilst tucking into the free wine and tapas. Talk about the Last Supper....
Perhaps they took their population figures from August and forgot to check the Padron numbers perhaps if all owners signed up there would be enough to pass the 20,000 mark. In interesting about the councilors bit how many do you need for what.
Jul 15th 2008 | 11:32 pm
#2674
BE Enthusiast
Joined: Aug 2005
Posts: 711
From: spain
Re: COSTA ESURI - AYAMONTE
Hello,
The last news about the problem with martinsa houses:
http://www.elmundo.es/elmundo/2008/0...216200315.html
Sorry, is in Spanish. According to this, the Government second vice-president, Pedro Solves said, when he was asked about what was going to happen with the Martinsa promotions, that all the houses are going to be finished and that all the houses are going to be given on time.
Solves wanted to deliver a calm message to all the families that are waiting for any of the 12.500 houses under construction and threatened with suspension of payments of Martinsa-Fadesa property developer.
The last news about the problem with martinsa houses:
http://www.elmundo.es/elmundo/2008/0...216200315.html
Sorry, is in Spanish. According to this, the Government second vice-president, Pedro Solves said, when he was asked about what was going to happen with the Martinsa promotions, that all the houses are going to be finished and that all the houses are going to be given on time.
Solves wanted to deliver a calm message to all the families that are waiting for any of the 12.500 houses under construction and threatened with suspension of payments of Martinsa-Fadesa property developer.
Jul 15th 2008 | 11:34 pm
#2675
this is me
Joined: Aug 2006
Posts: 832
From: Jerez
Re: COSTA ESURI - AYAMONTE
If this is a silly question please tell me. But has this area gone bust ? I am not being rude just asking a question
Jul 15th 2008 | 11:55 pm
#2677
Account Closed
Joined: Apr 2008
Posts: 1,002
Re: COSTA ESURI - AYAMONTE
If I have it right, just one developer gone into voluntary liquidation. Just happens to be rather a large development company and rather relevant to Costa Esuri.
Jul 16th 2008 | 12:11 am
#2678
BE Enthusiast
Joined: Aug 2005
Posts: 711
From: spain
Re: COSTA ESURI - AYAMONTE
the houses in Spain have come down in prices, all the houses under construction are having problems due to the crisis in the property market which will remain during the next three years.
Jul 16th 2008 | 12:28 am
#2679
this is me
Joined: Aug 2006
Posts: 832
From: Jerez
Re: COSTA ESURI - AYAMONTE
I just wondered
What about the people who had invested in that company off plan ?
Jul 16th 2008 | 12:46 am
#2680
BE Enthusiast
Joined: Aug 2005
Posts: 711
From: spain
Re: COSTA ESURI - AYAMONTE
If you are referring to the people who have played the market, who have bought share issues, they must have lost a lot of money but not only the ones who have invested in Martin-Fadesa but also all who have invested in any property developer because there has been a widespread fall of the shares
Jul 16th 2008 | 1:04 am
#2681
BE Enthusiast
Joined: Mar 2006
Posts: 537
From: Leeds, West Yorkshire and Tavira
Re: COSTA ESURI - AYAMONTE
Lunch break here in Leeds - just catching up with the massive number of google alerts I have on my email about the situation. To answer your question there are plenty of us who have not completed and we don't know what the position is and most have paid about 50k - 60k euros or thereabouts. I suspect most of us still want our homes even if there is no CC. A small shop with a bar (sense of community and all that) would do for me but I'll for go that for some honesty and knowing that I am not going to lose the cash - should have given it to the kids after all - or spent it on a lavish holiday - or bought the car of my dreams - or carpeted throughout or spent a lot more on my daughter's forthcoming wedding, .....any other ideas. Any news?
Jul 16th 2008 | 1:14 am
#2682
Just Joined
Joined: Feb 2007
Posts: 13
From: England
Re: COSTA ESURI - AYAMONTE
Hi there Carol E,
We have been reading all the postings too. My own view is that although things may appear a bit bleak, i see a lot of positive comments too. Dont jump out the window just yet. Judith and I will meet you and Pete for a beer at your little local bar on CE
Steve
We have been reading all the postings too. My own view is that although things may appear a bit bleak, i see a lot of positive comments too. Dont jump out the window just yet. Judith and I will meet you and Pete for a beer at your little local bar on CE
Steve
Jul 16th 2008 | 1:48 am
#2683
Lost in BE Cyberspace
Joined: Jun 2005
Posts: 6,912
From: Puente Esuri
Re: COSTA ESURI - AYAMONTE
Hi there
Lunch break here in Leeds - just catching up with the massive number of google alerts I have on my email about the situation. To answer your question there are plenty of us who have not completed and we don't know what the position is and most have paid about 50k - 60k euros or thereabouts. I suspect most of us still want our homes even if there is no CC. A small shop with a bar (sense of community and all that) would do for me but I'll for go that for some honesty and knowing that I am not going to lose the cash - should have given it to the kids after all - or spent it on a lavish holiday - or bought the car of my dreams - or carpeted throughout or spent a lot more on my daughter's forthcoming wedding, .....any other ideas. Any news?
Lunch break here in Leeds - just catching up with the massive number of google alerts I have on my email about the situation. To answer your question there are plenty of us who have not completed and we don't know what the position is and most have paid about 50k - 60k euros or thereabouts. I suspect most of us still want our homes even if there is no CC. A small shop with a bar (sense of community and all that) would do for me but I'll for go that for some honesty and knowing that I am not going to lose the cash - should have given it to the kids after all - or spent it on a lavish holiday - or bought the car of my dreams - or carpeted throughout or spent a lot more on my daughter's forthcoming wedding, .....any other ideas. Any news?
Lets not get too down about all this mess. The CC will be finished sometime and the Golf clubhouse is not bad for a drink and snack or even a full meal. The decor is not to my taste but you meet a nice group of people in there and there is free WiFi but I always feel obligated to buy a beer or thats what I tell Kath.
It looks like the small store up by Sam is going to open soon so at least the bread and milk will be catered for and no doubt lots else besides.
It was actually the town of Ayamonte that first attracted us and that is still there and looking better than ever and there are all the new places to find within about 30k just as Jon has suggested this morning.
Best of all the sun shines and it does not rain at least not since I left in May so there might be a few drops next week when I am over but then you are all clear until October!
Regards,
John.
Last edited by EsuriJohn; Jul 16th 2008 at 1:56 am.
Jul 16th 2008 | 4:51 am
#2684
Forum Regular
Joined: Mar 2006
Posts: 101
Re: COSTA ESURI - AYAMONTE Rago 1 electricity
Just been told that the generator and diesel supply that has been powering Rago 1 will be removed "sometime" soon as M-F has not been paying bills.
Does anyone know what, if anything can be done to push Endesa to provide mains connections to the completed apartments in Rago 1 as a matter of urgency? Can the town hall do anything?
All suggestions welcomed !!
Regards
Does anyone know what, if anything can be done to push Endesa to provide mains connections to the completed apartments in Rago 1 as a matter of urgency? Can the town hall do anything?
All suggestions welcomed !!
Regards
Jul 16th 2008 | 4:56 am
#2685
BE Enthusiast
Joined: Nov 2005
Posts: 943
Re: COSTA ESURI - AYAMONTE
This is not isolated to Spain. I heard today that Persimmon in our town have just given all deposits back on a large apartment development and are going to let them. Another development of very up-market apartments has gone into administration. The agent we are trying to sell with is reported to only be selling 10% of what they need to break even AND we can only now expect 2006 prices if we are lucky. It will recover I am told, we just have to hang in there. Just glad I'm not in the business of selling property. I feel sorry for them.
