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-   -   Parador Properties!!!!! (https://britishexpats.com/forum/spain-75/parador-properties-436664/)

rowlandsbb Jul 29th 2007 6:25 am

Re: Parador Properties!!!!!
 
Some people are getting out at ACC mainly because of their own time scale for moving to Spain
ACC was not illegal and politics got in the way and everything had to be changed and planning re applied
It happens in UK......eg...Manchester Casino granted and East Manchester looking forward to regeneration, then cancelled and may still go ahead!
All the Local Councils support ACC and all the final plans are at the Junta [ Regional Local Government] in Seville and are expected to be approved in September
All of us who have bought are sitting on a very nice profit...thank you [ and please do not talk about a property crash....not so at present and even if it did still a very nice profit]
Correct; when people do pull out agents have to repay commission
The small number of Parador's clients getting their money back will not be the cause of Parador's problems [ if any]
No fan of Parador but when any market slows down you have to regroup and adjust
But do not blame ACC

jackytoo Jul 29th 2007 9:31 am

Re: Parador Properties!!!!!
 
Just how many years has ACC been in limbo? I think life is too short to wait for a dodgy developer.

L.jack Aug 6th 2007 10:49 pm

Re: Parador Properties!!!!!
 

Originally Posted by gedscottish (Post 5098447)
calma!

This parador guys are running an office in Turkey-Bodrum they deal with the developers to have 20% commission which effects purchase cost they take you by luxury cars who do you think pay for all these luxury? :thumbsup:

unharmonic1955 Nov 23rd 2007 2:15 am

Re: Parador Properties!!!!!
 
I have bought 2 properties over the years from Parador Properties (1st in Spain, then in Portugal) and the service, price and quality was excellent. I would recommend trying before judging!

Nat
x

rugbymatt Nov 23rd 2007 2:26 am

Re: Parador Properties!!!!!
 

Originally Posted by unharmonic1955 (Post 5592082)
I have bought 2 properties over the years from Parador Properties (1st in Spain, then in Portugal) and the service, price and quality was excellent. I would recommend trying before judging!

Nat
x

Yeah, thanks for that...................

mikelincs Nov 23rd 2007 4:02 am

Re: Parador Properties!!!!!
 

Originally Posted by unharmonic1955 (Post 5592082)
I have bought 2 properties over the years from Parador Properties (1st in Spain, then in Portugal) and the service, price and quality was excellent. I would recommend trying before judging!

Nat
x

Sorry, but a 20,000 Euro mark up on properties of 150,000 is a bit OTT, and they now only offer a single day of aftersales service. We bought from Parador, but if we had known the full picture then, we would have chosen another agency.

sarahchirles Nov 25th 2007 7:55 am

Re: Parador Properties!!!!!
 
You have to shop around! Advice... dont think that a so called well known firm will give you the best deal!

Do your homework... !!!

GrapeEater Jun 12th 2008 5:26 am

Re: Parador Properties!!!!!
 

Originally Posted by alannah (Post 4952078)
I would rather not go into details as to why I know these things as peoples jobs could be at risk. But I know their aftersales staff work hard and I know they are making many redundencies...they just made a huge amount of redundencies last week, and yes, one employee is suing them for unfair dismissal.

The post completions service, where clients are taken to get their padron, Social Security etc, that has all been stopped as since December 2006, unless the client has something in writing.. and now clients will pay 950€ but receive a less concise service than clients that paid the previous 700€ Owners Club fee.

Parador Properties, is only one of many major companies in the Spain that are struggling financially due to a down turn in the current property market. It is not a serious thing to say, it's the truth and most people know this. ........ :(:(:(

I'm sure you speak with some 'inside' knowledge. I too know people from many of the 'BIG' agents and ALL have laid off staff. Builders, agents, Pool constructors, legals, gardening, etc and anything property related are suffering. It's the global economy, exchange rate, credit crunch, petrol, cost of living, mortgage prices... etc IT'S BOUND TO HAVE THIS AFFECT surely?

Talking of Parador is a little unfair to them - and true as it maybe adds to the negativity of the whole situation, does it not?

... another nail in the coffin !

ShinyAndy Jul 7th 2008 11:42 pm

Re: Parador Properties!!!!!
 
..and now they've just gone into voluntary administration as of this morning


An official statement sent to the offices of OPP this morning from Quay West Communications, Parador’s PR company, reads: “It is with regret that Parador Properties has announced that, due to the downturn in the overseas property market, it has gone into voluntary administration. This does not affect property purchases by any of its clients, as all contracts were made between the individual client and the builder; Parador Properties acted only as an introductory agent.”

Mitzyboy Jul 8th 2008 1:01 am

Re: Parador Properties!!!!!
 

Originally Posted by ShinyAndy (Post 6547804)
..and now they've just gone into voluntary administration as of this morning

where did you get that from andy

I have to call a friend if so, as he has a property being built with them

ShinyAndy Jul 8th 2008 1:04 am

Re: Parador Properties!!!!!
 
OPP

Full article


Tuesday, 8th July 2008, 15:02:57

PARADOR PROPERTIES GOES INTO ‘VOLUNTARY ADMINISTRATION’
Parador Properties, PR

OPP can reveal exclusively that the large overseas property agency Parador Properties has gone into voluntary administration as of this morning.

An official statement sent to the offices of OPP this morning from Quay West Communications, Parador’s PR company, reads: “It is with regret that Parador Properties has announced that, due to the downturn in the overseas property market, it has gone into voluntary administration. This does not affect property purchases by any of its clients, as all contracts were made between the individual client and the builder; Parador Properties acted only as an introductory agent.”

OPP has contacted the offices of Parador and will provide an update to this story as and when it happens.

GrapeEater Jul 8th 2008 1:40 am

Re: Parador Properties!!!!!
 

Originally Posted by ShinyAndy (Post 6548097)
OPP
Full article

Cheers for this! Crap news for those involved - I'm sure they have had their fair share of criticism - but indicative of the real estate market here (and UK) and people losing jobs, contracts, houses maybe, customers worrying.

More Woe. And worrying. :frown:

jurdyr Jul 8th 2008 9:41 am

Re: Parador Properties!!!!!
 
ha its going on all over the world , it time to tighen are belts and save are penneys

mikelincs Jul 8th 2008 6:20 pm

Re: Parador Properties!!!!!
 
Thought their cars had been a bit absent from the roads recently, used to see them all the time, now only one in the last week or so. We bought from them in 2005, and they WERE agents at that time, as we bought a resale.

me me Jul 9th 2008 1:16 am

Re: Parador Properties!!!!!
 

Originally Posted by mikelincs (Post 6551097)
Thought their cars had been a bit absent from the roads recently, used to see them all the time, now only one in the last week or so. We bought from them in 2005, and they WERE agents at that time, as we bought a resale.

That is right about the cars, not just Parador but other big companies. At one time their sales staff in the company cars were buzzing around like mozzies. Every other vehicle on the road was ferrying buyers around on inspection trips. It is a sign of the times.


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