Hi Guys,
I don’t have a huge amount of detail on the current situation at Alcudia Smir, but have had a brief update from my agent, Hatim from Medlantic Properties. (Who I would highly recommend – http://medlanticproperties.com/)
He tells me that the syndicate has been formed for AP1 and they are currently “working with the developer” (stop laughing!) to get the remaining issues sorted out. The swimming pool is now complete, but there may still be some issues surrounding this.
Because of the issues surrounding the pool he was unable to offer my apartments for rent from an early stage, but since the middle of July has been offering these for rent. It was a surprise to me considering so many factors (mainly the pool, and the fact that the whole place is a building site) that any rental was possible at all, however I am pleased to report that the rent achieved to date, although modest, is very pleasing.
Just thought I would let you know everything I know and also offer a glimmer of hope for the longer term.
Has anyone been over recently and have any more detailed information to share?
Don’t read this…. http://www.albawaba.com/moroccan-proper ... ble-383861
Thanks,
Colin.