Hi everyone

What a nightmare dealing with M R I. Does anyone know if the other development has gone up in front of Nestinarka. Has anyone been able to acess their appartment. Hoping to go out in july to see for myself. Has anyone got a rental agreement with developer ? I have given up trying to get real information from M R I or Legal Independance.

Roxy

Has anyone heard anything from MRI about the furniture etc?

Also does anyone know of any other estate agent that might be able to find a buyer for it.    We would be willing to take a very tiny profit just to cover our expenses really.   MRI add 10% or € 6000 whichever is the most  which make the apartments expensive

Has anyone got pictures of the furnished apartment.

To my knowledge there was an issue with either a waste pipe or water pipe being in the wrong place and MRI were not fitting as the conection could not be made, I have been on to MRI and I was told my apartment would be rectified and the snagging list completed, cleaned and furnished by end of March. I have asked for photos

We have decided to sell the studio in Nestinarka and have asked MRI to put it on their resale list.

As far as we know the furniture has gone in but MRI are not very informative when it comes to the 'keeping us informed of developments' aspect of their aftersales service.

Just come across your forum - really interesting and informative.  We have purchased an apartment at Bay View Complex but have never been to Tsarevo.  Been checking the area out on the net but would appreciate any comment from those of you who have visited Tsarevo during the process of purchasing your apartments.  For info. our complex is also running 6 months late due to building not permitted during the summer months for the 2 years of construction.

Any tips on Furniture Packages - Is it possible to purchace bedding / plates etc locally since these appear to be very expensive in the Packages.

Thanks

has anybody had any luck with this property? what are everyone's plans now that completion has taken place?

Can somebody tell me who are the developers there, and do they have some available units!

Regards!

Hi All,

Has anyone heard from MRI regarding Nestinarka. Is the furniture installed,? who has the keys ?, when can we get access?

Robert B

Hi everyone,

We are not going ahead with Nestinarka,but have already bought furniture(not MRI).If anyone would be interested in taking it from us at a hefty discount,please let us know by private e-mail.

Is anybody looking to sell their appartment? Or has anybody found somewhere decent where they can rent?

 MRI in their Lifetime membership fee includes 'Annual shorterm rental management fee'  I wrote to ask what exactly that means and I got back a mail  which I will copy in here.

I dont know would they find customers for us...

Further to your recent enquiry, the Annual Short Term Property Management fee is part of the rental service service covered by MRI Villas and Apartments and covers the following items:

Hi All,

Nearly completed purchase in Nestinarka. Rentals!!. If we are so called smart investors then why dont we get together and form some sort of  "Company" legally!!, where we can employ, possibly a chambermaid ie, someone to get an apartment/studio ready for guests who we could rent to. How do we get guests to rent, why not set up our own website and take bookings. Otherwise, we are all paying mortages on property with no rental income. Yes, I agree we could rent to family and friends, but that money will not covers mortage costs. If it is a holiday place then I could understand not wanting to rent it out, but I for one , would like to make maximum return on my gamble!!

Having looked at the photos that nigel posted I am quite pleased with the place.  A huge improvement since we saw it in July.  

LI will complete for us next week.

tO vICKY  N

tHE DEVELOPER IS NOT GIVEING GUARANTEED RENTAL AS ORIGINALLY AGREED , & MY APARTMENTS HAVE BEEN UP FOR SALE SINCE EARLY THIS YEAR WITH NO INTEREST AT ALL . Also , how can you expect to rent your apt out when the site is still a building site .

Hi All,

For anyone still seeking a solution for Nestinarka,,,ie an alternative to buying there....the person you should speak to is Corporate Director Steve Canueto on MRI's main number.He assures me he is very keen to find alternatives for those who don't want to  complete at Nestinarka......he is also confirming MRI will support us in any legal action against the developer if buyers still want to go down that route.I am not trying to be a spokesman for MRI,merely passing on what he has been saying to me,and I do believe it is well worth calling him if you are still undecided about this whole fiasco.

Hi all, have you decided whether you will complete or not? MRI Have given their clients the option of completing or purchasing elsewhere, i.e Portugal where they have said the Portugese developer will be clients who are leaving Nestinarka a discount of 15,900 Euros. The appartments in Portugal are 106,000 Euros. I have decided to complete on Nestinarka due to having put so much money down towards the appartment and for legal fees and furniture etc.. 

Carmen Lopez was meant to email everyone, however if you have not heard from her please do phone her. I did not receive an email from her (although she did say she emailed me), however when i spoke to her she re-emailed me details. Her advice is to complete, and to let the developer rent the appartments should you wish to, or sell them if you wish to.

Who will not be completing? Please post your comments on this board, thanks.

Do we complete or not ?. Time running out!!. MRI advising not but t en we all lose deposits. If we complete we legally own the property, would that not be the better option. MRI explained to me today that we cannot take legal action against developr until we legally own the property , but if we do not complete then WE are in breach of contract . Real mess

Robert Barrett 07709604343, Greater Manchester, any calls and advice welcome ( not in day, I teach)

no her advice is to complete but only to those that contact her

as she had,nt spoken to anybody else when i spoke to her  apart from us two

so if you dont contact her she cannot advise you to complete

and you will only have the e-mail from mri saying dont complete till we contact you

lets see them get out of that

if she bis recomending we should complete then she should contact us we are paying them

plus if the developer has these get out clause,s how come they never pointed them out to us surely that was what we had used them for

no nobody seemed interseted in geting a independant lawyer  so i,m waiting to see what happens to this bloody shambles and if i,m not happy then i will be taking all three to court legal action against mri has to be from spain but i dont care

suggest all buyers contact Carmen Lopez at LI....she is recommending we all complete.Her

 no is OO359 56859444 or e-mail on address given earlier.

This is an excellent open forum for Nestinarka clients to gauge the reactions of other investors, and allows the possibility of group action. (the power of the many).

Nigeldun is correct, there are many buyers who perhaps are not aware of this website. I know MRI actively monitor it, and so probably do LI and maybe even the builder.

MRI should contact all other similiar agencys dealing with Nestinarka, and inform them of this website. Our Lobby is strongest if everyone is onboard.

MRI are a big player, and their reputation will go down the toilet if this does not turn out well. In the end they will loose a lot more than we will.

Page 4 of preliminary contract

a) to present to the buyers..............................................approved artitectural design (which one??)

b) all information regarding the property, subject to this contract is true and complete and the seller did not miss to inform the buyer about the existence of hidden defects (what a joke!)

2) in case the seller fails to fulfil its obligations....refuses execution of this contract or concludes whatsoever other deal with this property without the written consent of the buyer, the latter has the right to terminate this present contract unilateral without a notice and free itself from its contract obligations, as in this case the seller shall refund to the buyer all payments made to him till the termination moment, as well as to pay a penalty amounting of agreed earnest within 14 days from the day contract was terminated.

page 7 (4) All notifications........................................................For every change the seller shall notify the buyer or proxy within 3 days.......................

14 (f) if upon accepting the constructed building it becomes clear that the activities carrried out do not correspond to contract.........Buyer has rights under Article 265 of the Obligations and Contracts Act?????

17.2 (page 9) This is where the seller has written to us demanding the money, how is it that he feels that this part of the contract should be adhered to!!!!!!!!

just heard from MRI....builder,in his desperation, is indeed contacting buyers direct....how,as you say,did he get e-mail addresses?Best now surely to let LI sort it out......there is no way the builder can cancel the contract if he doesn't deliver the agreed contents. 

carmen lopez at LI.........carmen lopez@martinezechevarria.com....in her email to me she said MRI and LI representatives would be inspecting the site and would then inform us all of our legal options.I think we can take it as read that the work has NOT  been done!