some english couple bought a pub for 50k in the calle gerona in
benidorm called the rusty nail , they didnae even know how tae pour a pint or speak any spanish ...the pub had no gimmicks or anything .....him and his wife worked fae 8-30 am till 10-30 pm one day and all they took in was 3 euro...all he did was stand outside and say hello to everyone.
while i honestly felt sorry for them , i do think they should have thought about it a wee bit more , and put more into it.
My Dad lived ,worked and owned places in Benidorm for nearly 25 years prior to his death 3 years ago but he had the advantage in that he married a Spaniard and also learnt the Lingo.
His first business venture was importing English products that people craved for but couldn't buy, he employed people to sell them to shops up and down the coast around Benidorm. I don't know if it's true but he reckoned that he was the first person to introduce mothers pride bread,Iron Bru and Ben Shaws pop to Benidorm.
He was always telling me about people who holidayed in Benidorm and thought "We could do this". He saw it time and time again,people selling up in the U.K to open a bar when they didn't have a clue. Perhaps the programme will enlighten people to think and think again.
Sue
A story last week followed the problems of an Irish man who had brought a property on the La Zenia Elite urbanization, Orihuela Costa. He was upset that the house and facilities were unfinished and the services were not adequate. At no time was he asked the question, ‘Why did you complete on the purchase then?'
The most basic thing that you have to find out when finalizing a purchase is whether or not your intended property is habitable. If the house itself is unfinished, then don't complete. If there are no dedicated utilities, then hold onto your money until there are. This is most important. The builder would have a temporary supply of electricity and water in order to construct a house, but unless you make sure that he has paid his bills, you will become liable for his debt which could be several thousand Euro once you own your property.
Another point to bear in mind is that unless your intended property has its own utilities, it is unlikely to have been registered as legal. But the guy in La Zenia and the group of people in last nights program had all completed and moved into properties with no electricity except the builders supply.
The spokesman for last night's group insisted that not all the people that he represented were stupid. I beg to differ.
The man in La Zenia was moaning that the promised pool and spa were not complete and the gardens were not planted. If he was promised those facilities when he initially paid his deposit, then he could have done one of three things on the day of completion.
He could have insisted on having any money that he had paid returned, and then walked away. He could have waited until the development was complete and legalized. Or he could have pointed out that the house was worth considerably less without those facilities and renegotiated the price. He did none of these things. Instead he paid in full, moved in and then decided to complain.
Its all well and good thinking that a Solicitor should do these basic things on your behalf, but this is Spain and not England. Buying a property here is a grown up thing to do. These people should have acted like adults then, and they should accept their responsibilities now.
I wonder if one day a program might be made highlighting the positive experiences of the 999 out of a thousand people that live here.
I wonder if one day a program might be made highlighting the positive experiences of the 999 out of a thousand people that live here.
Fat chance, Spain bashing is a favourite topic of the UK media
2 points really.1.
Whilst the apartment is being built he/she needs to pay 2/3rds up front at different times for materials etc. On completion they pay the final deposit. (Same here in the UK). If the building was not habitable yes he could hold back the payments but in theory could loose the Apartment and the original 2/3rds of their money. for not completing the contract. Such is the silly regulations in Spain. At least our Local Building Control Officers are on the ball in the UK.
Your left between a rock and a hard place.
2. Are the local Spanish who have bought property affected by this. Is their house buldozed or taken by the local authority. Probably not. !!
I Think the Spanish Central Government along with the British Central Government should step in and sort out the local regional authorities.
The local authorities should take the blame for allowing the builders to build on land which is classed as greensights. Afterall its not as if they couldnt see it happening. They seem to wait until the appartments are finished before acting.
Personally I wouldnt buy an icecream from the spanish at the moment until they sort out their land issues.
Afterall the Brits/Irish have been paying into the Spanish Economy for years and years and now its thrown back in their faces. If the brits decided not to holiday in Spain certain areas would go bankrupt very quickly. Especially the Islands were their only source of income is tourism.
Once this ozone depletion kicks in. The brits will not need to go abroad to get the sun. My money can go a long way here in the green islands of Ireland.
Good Luck to all those unfortunates who are battling the Spanish Governments.
Whilst the apartment is being built he/she needs to pay 2/3rds up front at different times for materials etc. On completion they pay the final deposit. (Same here in the UK). If the building was not habitable yes he could hold back the payments but in theory could loose the Apartment and the original 2/3rds of their money. for not completing the contract. Such is the silly regulations in Spain. At least our Local Building Control Officers are on the ball in the UK.
Your left between a rock and a hard place.
2. Are the local Spanish who have bought property affected by this. Is their house buldozed or taken by the local authority. Probably not. !!
I Think the Spanish Central Government along with the British Central Government should step in and sort out the local regional authorities.
The local authorities should take the blame for allowing the builders to build on land which is classed as greensights. Afterall its not as if they couldnt see it happening. They seem to wait until the appartments are finished before acting.
Personally I wouldnt buy an icecream from the spanish at the moment until they sort out their land issues.
Afterall the Brits/Irish have been paying into the Spanish Economy for years and years and now its thrown back in their faces. If the brits decided not to holiday in Spain certain areas would go bankrupt very quickly. Especially the Islands were their only source of income is tourism.
Once this ozone depletion kicks in. The brits will not need to go abroad to get the sun. My money can go a long way here in the green islands of Ireland.
Good Luck to all those unfortunates who are battling the Spanish Governments.
A potential buyer in Spain has a legal right to walk away from any purchase at any time and for any reason regardless of any contract, without financial loss. Although it is true that you may have to shop around a bit before you can find a solicitor here that is sufficiently independent to clarify that for you.
Anyone who buys ‘off plans' either in Spain or elsewhere really need their heads examined.
The sales technique for selling ‘off plans' is to persuade the purchaser that the property will increase in value during the building phase. But if it were that easy to make money then why would the builder have to wait for individual buyers to come along on their subsidized viewing trips from the UK? Surely banks, financial institutions and speculators would be queuing up to make easy money. And even if the proposed purchase were to go up in value, who would be silly enough to buy it once completed when there are dozens of developments where they can buy ‘off plans' at any one time.
We purchased our apartment off-plan in Tenerife, as do thousands of others, with no problems at all. Also, it is the norm here that a new complex will run on the builders electricity and water supply for a few months after completion. This happened on our complex until we had our meters installed and accounts opened with the respective utilities. These programmes sensationalise and exaggerate the unfortunate experiences of the few just to make an 'entertaining' show. To be honest, selling property in the UK before moving over here was a far more stressful experience than buying in Tenerife.
It is not just afew who have finished up with illegal properties, there are thousands. Read the AUN report to the European parliament.
Yes, but for everyone who has purchase problems, there are probably a hundred who have no problems at all. There is no balance in these programmes. I know many ex-pats over here who have bought property and not one of them has had problems but this doesn't make good tv, does it? It only takes a bit of sensible research to avoid the pitfalls.
Yes I agree, we have done very well out of the property market here, no problems. I do know many who have had problems though. TV or the media never give a balance but it could be said those "place in the Sun" didn't either, they were too optomistic, made it look so easy, giving high rental predictions, how friendly the local Mayor was etc
Funny you should mention 'A Place in the Sun'. They once showed a couple around south Tenerife and in one particular apartment, not far from where I live, told the prospective buyers that the apartment block directly in front of the balcony was due for demolition, which when completed, would give them an unobstructed sea view. The programme was filmed around ten years ago and the apartment block still has not been demolished. I hope they didn't buy there! I agree that these programmes make everything seem far too simple.
Where friends live, their communal swimming pool, tennis courts and multisports area is still in the hands of the builders six years after they moved into their house. Their urbanization still doesn't have acceptance from the council, meaning that there are always disputes between the builders and the council when there isn't any water or when sewerage isnt working properly. Because it's not fully handed over to the council there is no public transport and street lighting is the responsibility of the builders. The council, to be fair, does provide bin emptying and other services, but the problem is non conformance from the builders - 90% of the residents are Spanish.
There are cases in Galicia - Vigo in particular where planning permission has been granted to build, say, 45 flats over 5 storeys but the builder has built - and sold off plan - 50 on 6 storeys. Other cases where part of the construction infringes greenbelt laws (too close to the beach), including one where the planning permission was given for an aparthotel complex which ended up being built and sold off plan as private bungalows. All these cases have demolition orders but because all have people living in them it becomes dificult to demolish. firstly because Spanish councils don't have the money to pay compensation or rehouse the owners, secondly because Spanish law system is horredously slow and thirdly the councils don't have the resources to oversee construction.
Personally, given the economic climate in Spain at the moment where there are around 500,000 completed new properties on the market, I reckon it'd be foolish buying off plan. What is important is that any prosective buyer has in writing from his agent/solicitor that the property is fully legal, accepted by the council and has no liabilities (any debts pertaining to a property are inherited by new owners).
The complex is a beautiful place to live and we couldn't be happier and although I am sure there must be some people who have had problems buying off-plan here, I personally don't know of any. However, I do agree that now is probably not a good time to buy off-plan. I suppose we were lucky in that we bought during the 'boom times' and buying off-plan saved us around £30,000 to £40,000 pounds over a similar, completed property in the area.
And lastly remember. You will be there to WORK!! If you want to move to Spain to lie on the beach or party all night long...DO NOT BUY A BAR!!!
Post a Reply
Please sign in or register an account to reply to this post.
Similar Topics
-
Paradise Lost
Posted by broken hearted in Turkey Discussion Forum
-
Lost suitcase - Thomson Operator / Monarch Airline Lost
Posted by lisbon in Holiday Complaints
-
The Paradise
Posted by Glynis HT Admin in General Chat
-
Paradise
Posted by si-uk in Greece - Crete Discussion Forums
-
Paradise Papers
Posted by Lance Chambers in General Chat