The Unofficial Alcudia Smir Forum

Like most on here, I have made stage payments for property at Kabila - 40% on a V1 Villa and AP4 Apart.
I have the original bank guarantees.
I have read all the stuff on Fadesa, Fadesa Maroc, Guarantees etc etc and receive Google alerts daily. I have read all the correspondence on this site.
I also have used Macarena at Legalex for legal work.

I read that for Fadesa property in Spain, you have to register a claim with the Administrators by Oct 1st. DO I NEED TO DO ANYTHING ? I assume not.

Does anybody know the validity of the guarantees ? I have read about problems 'registering' but mine are signed by the bank.

If all is OK, when is estimated completion ?

I'd really appreciate some impartial comments. I'm not unduly worried although maybe I should be !!

Many Thanks,

Andy Burgess

from what I have heard completion will be delayed for several months beyond our agreed dates.

The consequences for the developer for being late are harsh.

from what I have heard completion will be delayed for several months beyond our agreed dates.

The consequences for the developer for being late are harsh.

riaz wrote:from what I have heard completion will be delayed for several months beyond our agreed dates.

The consequences for the developer for being late are harsh.

Didn't quite understand that last sentence... Harsh? For the developer or for the client?

Pep