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buying off-plan abroad - cancel contract

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Comments

  • Trillionaire
    Trillionaire Posts: 372 Forumite
    Oh Avicola, I was hoping for more positive news. I think they're taking this 'manana' thing tooooo far:confused:

    Happy new year though.

    I'm really hoping that everything works out for you - exactly how you want it, and that EVERYTHING will be done and dusted by the end of February 2009 at the latest.

    I subscribed to this thread from the very beginning, and I bet a lot of other people do as well. Keeps us upto date. I'm rooting for you and I'm glad to see that you still have some sense of humour still intact.
    :j I hope my comment helps :T
  • FraudBuster
    FraudBuster Posts: 931 Forumite
    I'm really hoping that everything works out for you - exactly how you want it, and that EVERYTHING will be done and dusted by the end of February 2009 at the latest.

    Any updates?
  • FireworkCrazy
    FireworkCrazy Posts: 79
    10 Posts Name Dropper
    Forumite
    Urm let me get this right

    You gave someone a quarter of a million pounds and just becuase the contract was in spanish you didnt get it checked over.

    I'm really sorry but you deserve to loose every penny.

    You've watched far too much property p**n

    Remember, house prices only ever go up
    regards

    Mark
  • GDB2222
    GDB2222 Posts: 27,300
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    at that time the market in Tenerife was booming and the exchange rate was good. Buying off plan is common practice and people rarely have the money to actually purchase them.

    We bought them purely as a speculation to sell, which the estate agent said would be no problem and they usually sold the same property 2 or 3 times before it was completed.

    So, these apartments were never built to be used at all. They were just for trading purposes. There was nothing in this that struck the OP as, well, odd?

    It reminds me of the time in 2002 when I had a flat compulsorily purchased in Rotherhithe. I went to see the local estate agents to find a replacement, and their response was that they could get me not one replacement but seven, using the sale proceeds of the first flat as a deposit for the other seven. In fact, property prices have increased quite a lot in Rotherhithe since then, so I guess it might have worked out okay for a while, but I did not fancy taking that risk.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • the_bread_baron
    the_bread_baron Posts: 31 Forumite
    dam. you plan to fleece others seems to have backfired on yourself.
    have you tried taking legal action against your own personal greed ?

    seems like you were happy if prices went up, but unhappy and looking to blame someone else as prices have fallen. i think there's little, well nothing that you can do. take the loss. learn and move on.

    you took a speculative punt. and lost.
    like the boveys.
  • geoffky
    geoffky Posts: 6,835 Forumite
    OH i remember this one well...i wonder how they are doing...:rotfl::rotfl:
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • FraudBuster
    FraudBuster Posts: 931 Forumite
    FraudBuster wrote: »
    Any updates?


    ......................................
  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    the OP admits several times over in this thread that she made bad decisions - why are you rubbing her nose in it now ? - not very nice ....
  • puddy
    puddy Posts: 12,709 Forumite
    yes, she's been over it again and again, yes she made bad choices and judgements, now for the solution

    so,,,, any updates??
  • gfplux
    gfplux Posts: 4,985
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
    Forumite
    I am keeping my fingers crossed for you Avicola
    There will be no Brexit dividend for Britain.
This discussion has been closed.
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