http://www.thepost.ie/breakingnews/business/mhgbsnqlgbau/

here is the link

Hi

Has anyone got a copy of the second bank guarantee that was from Oct last year?

Hi, has anyone news on being paid the penalties, as it seems that the project has not been completed by 01.04.08?

The latest pics dont  tell a lot...... why do they insist on taking pics of the rear of the building and a partial view of a kitchen? gggrrrrrr

thanks,

BJ Glad you got your money back .  Joe here I bought one apartment and lossed over 3,000 euros so your loss seems most likely right as you say you bought 2.

Hi, we are in the process of receiving our money back, but we are being left short

6000 Euros, could you tell me has this happened to anyone else.  It is actually the deposit

on two apartments.

Regards

BJ

Hi all,

I have a two bed apartment available in Jawhara Smir if anyone needs to rent somewhere while completing.

Regards
Natalie

HI, has anyone else heard from the lawyers to say that it is now expected t hat the completion date will be by the end of March 08?

We will be visiting the area in mid April, so will take pics etc. as these are very few and far between from our friends at ??? !

Any news on the new road from Tangiers to Tetouan?

cheers!

Hi could you tell me has everyone that was to get their money back received it.  We are

still waiting for our money and no sign of it, only promises, so whats new.

Looks like the end of March may be possible.............though frankly, I doubt it!

Now, miracle of miracles, it seems that if the completion overruns into April, we can be paid the penalties AND a bank guarantee will also be in place!

I wonder what makes this planned completion date different from the September one, when you could only have one or the other,   but not both the penalties and the extended bank guarantee?

Funny old world eh?

Just wondering if anyone using this forum is still planning to see their property finished?

Nothing new to report on the mid Feb date for the expected completion.

As ever, with the need to plan flights etc. a date to work with would be helpful.

Any news is welcome.

cheers,

Sunnyguy.

has anyone got any updates please, on money to be returned etc etc etc

Hello dzs Herbert here just read your email, I also cancelled and I got an email  today from Alvaro in relation to our deposits.  The notary  has forwarded the monies from their account to the clients account  which I inmagine  is the builder or Alvaros and that it will take 5 to 10 days before I receive it. I hope you have received the same email and that we can move forward ?

                                                        Joe

 I

Hi Folks, and a very Happy New Year to one and all.

Seems that the latest news from our friends in Morocco, ( THAT company), is that the developer now expects the build to be completed by mid Feb, that is mid Feb 2008.

Fingers firmly crossed, as ever.

An email to the Spanish lawyers a few days ago, re. t his matter has still not been answered or acknowledged........... I wonder what would happen if their bills were treated in a similar fashion?

Best wishes,

sunnyguy.

Hi Vinnie

Am I to understand from the latest post that if I am buying without  a mortgage I can insure my buildings anywhere?

I already have 2 properties  in Bulgaria insured in the UK, and have successfully claimed;.  When I considered purchasing with a Bulgarian mortgage I came across the same restriction in Bulgaria, but in the end didn't use the mortgage so insured in the UK

Appreciate becksters message

anyone who has taken underwoods insurance out and ever needs to make a claim please let me know the outcome.

as it is my understanding that if the company providing the insurance is not registered here in morocco then it will not be vaild

also why pay twice for your insurance if your bank is not going to except underwoods insurance cover in the first place.

before you commit to any insurance speak to your mortgage broker and get there advise in detail.

Hi DZS 

         Thanks for that. 

Bearing in mind the happenings, or lack of them at PM over the past few months, I think that its pretty clear that there will not be a pool.  At least, no one has been in touch to say that any progress has been made on that subject.

I have also heard that there will not now be a commercial centre at PM, rather that the space will now be used for more apartments. I guess that as usual, only time will tell?

Please do keep posting.

Many thanks, SG.

Hi,

I am a Sania Plage investor.

Just to let you all know that your development progress report is now back up on the MRI aftersales site, and the updated photos show real progress.

The development looks really good now - thought you all sounded like you needed a bit of good news!! It is also good news for me, as the developer is the same one as at Sania Plage. Incidentally, things are moving on a pace there also, according to one of our group who recently visited, with loads of workers on site. So fingers crossed, after many months of slow progress it is looking like things are moving a full steam!

I wonder why Mri have nothing on there life time after sales in relation to Puerto Marina Smir even the info has gone  those out of date pictures are also gone.

I hope they are just updating

Hi Sunnyguy

The plan for the pool was at the rear of the buiding. We asked and asked about this, THEY said yes it would be there even though it didnt appear on any plans. Eventaully they said they couldnt build it as there a natural river there which they couldnt move. We couldnt see this river/stream in any case. As far as i know, there is no phase 2 and no plans for a pool.

Like you, i was suprised to see how small the gap was between the 2 wings, those on the inside will be real neighbours to the opposite wings! Trust me, when you see it for real, it IS close...

I am really surprised to see no new posts since Wed!

In the end we decided to give it a go for another 6 months, ( moan, moan)!

It really is amazing what you learn when you do start to ask questions, in this case from the lawyers. Sadly we cant go into detail on this site, due to prying eyes, although I have no doubt that there will be a time and place where we can all freely discuss the goings on, as of late.

Looking forward to any new pics of P.M. any of you may have.

Out of interest, did anyone or everyone realise that the pool was always planned to be part of Phase 2?  Knowing that now makes sense............ and when you study the plans for PM, you realise that there is only room for a small walk-way and shrubs between north and south wing! Funny thing is, Im sure that we were told that there would be a pool,  similar in size and appearance to Marina Beach..... still, it could be my  memory playing tricks, we have been told so much and given so little in writing.

Please keep posting and lets think about a Google Group, as our neighbours at Sania Plage have done?

Thanks!

It seems that sub contractors are being blamed, not sure what for though!

A few pics might explain a lot, but these have not been forthcoming from MRI locally.......... again, I wonder why?

I have tried to get answers from the Spanish lawyers, with limited success, although they seem confidant that the developer is a big name in the area and therefore safe to deal with!! mmmmm

Will post more when I know more.

Thanks.

does anyone know the exact reason or reasons for the delay at the site?

regards L & A

That means they envisage completion on 01/04 which is 'April Fool's Day'.

Sounda about right!

Hi everyone,

We queried the end date of the new bank guarantee with the lawyers, they have told us it will run for a further 6 months, therefore from 1/10/07-1/4/08 at which point they envisage that the development would have been finished.... if not we will get more "options" including money back....whoopie do!

I have uploaded some more pictures which we took in May this year, at which point they were pouring the final foundations at the front of the wing nearest the marina. We took some pictures from the rear of this wing looking down to the sea, which gives you an idea of where they were in May 2007.

We did notice on the tiling that a couple of the kitchen border tiles with the teapot had been put in upside down! just something to look out for when it comes to the snagging. Also the occasional floor tile which was obviously from a new colour batch and just didnt match in the middle of a floor. This may all get sorted before, but just something we noticed and to make you aware of.

I totally agree with Brightonbandit............. its a one way street for money going out and a one way street in that the company, lawyers and developers do what they want and we seem to be unable to do anything about it.

The lawyers do not seem to have done anything on our behalf, other than charge their fees. It really does seem that the advice to keep the agent, developer and the lawyer separate would have been good advice to follow, alas too late!

We also need to clarify with the lawyers the conditions re. any new bank guarantee...... i.e. will any new guarantee extend until the FINAL completion of the build or only until the end of December?  Clearly any guarantee which does not extend until the actual completion is of NO worth at all.

I also agree that the time allowed to consider the (poor) options is very short. Amazing really as they seem to take their time with everything else.

I am unaware of any other forums where P.Marina is discussed.  It could be that we should follow the lead of our friends at Sania Plage and set up a Google Group?......... which would (hopefully) also be away from prying eyes, as there is no doubt that some, who are not buyers are monitoring this forum for their own reasons!

We have been chasing MRI re. up to date pics.which have not been forthcoming. The best that they can do is to provide a few that are now a few  months old.  You have to wonder if there is something to hide, or is it just too much bother to get off their backsides and travel the few hundred yards from the Marina offices and take some new pics which show something else other than the completed outside wall of the south wing?  A view or two of the north wing, i.e. the one nearest the marina would be very welcome.

Keep posting!

Hello everyone, I am buying on this development with some friends (trickyv who has posted on this site before and uploaded the pictures)  I'm going out to Spain on 2nd Oct for 3 weeks and intend to make a quick visit over to morocco so will be able to update you all first hand on the progress the builders have made since we were last there in May. I'll take some pictures and upload them as MRI seem incapable of leaving their offices in the marina and taking a few pictures....so much for the regular aftersales development updates! 

Although I realise this will be too late for the deadline on the "options" due back to the lawyers on 21 Sept.  It's my considered option that the lawyers are working in partnership with the developers, it does not appear that the lawyers have acted in our interests and negotiated with the developers- at least I have seen no evidence to demonstrate this.

I perhaps like you dont find any of the options acceptable, i will be asking the lawyers to negotiate on my behalf for a new bank guarantee and for the contract to be honoured (i.e the developer to pay the late penalty charges) I'll be asking the lawyers to correspond with me in writing so i have a record.

I'll let you know how we get on.

Is this the only site buyers use to communicate with each other as there does not appear to be much "web chat" about these "options" It seems like we havent been given a great deal of time to consider them, which bothers me!

We would be wise to learn from the Sania Plage folks........ 

There is no doubt that we all have lots to discuss, well away from prying eyes!

Incredible to find ourselves in this situation and too  much is at risk.

We will be contacting the Spanish lawyers too to ask what they are doing for us, their clients and for the money which the same clients are paying them.  I too feel that they do not seem to have the buyers interests at heart, far from it.

Keep posting, without using the name of THAT company, as eyeonworldwide may be forced to close down this site if we do, it seems that this has happened in the past with others sites, again amazing!

In light of everything, does anyone want to go out to Morocco or even the head offices of MRI in Malaga? It might do some good to go all together...... I doubt it, but you never know...

LJ2506

Hi All.

We have the same problem at Sania Plage, the complex is seriously behind schedual and the bank gaurantee runs out at the end of September.

We appear to have 3 optiions.

1/. Opt out of the purchase & have our deposits back.

2/. Give up our claim to compensation & the builder extend his Bank Gaurantee.

3/.Take a chance on the developer completing , hopeing to then get the compensation, If the developer does'nt go bust.

Hobsons Choice ! .    1 or  2.   I think that a lot of buyers will drop out for this reason, plus the uncertainty of the organization for the letting of the units. 

Hi Sunnyguy

I have emailed the lawyer asking what he is advising "his clients" at Puerto Marina to do.    The tone of the options are definitely loaded in favour of the developer.  

What worries me is if the developer has serious problems and never completes and a concrete block sits by the side of the Med for years as we've all seen in Spain over the years.

HI Noddy,

                  Yes, message received............. some options eh?

Amazing to find that the only person either taking a loss or taking a  risk is the buyer, and all because the developer has been incapable of doing the job properly and/or on time!

This scenario has come up before on other sites..............   its really not  fair to ask someone to take a risk with a hefty deposit, and with frankly no guarantee of a confirmed completion date at all.

Its also not fair to ask someone to consider a refund with no interest or refund of any transfer charges, fees etc.  etc.

Very unsatisfactory, let us hope that the company who introduced us to this project,  chooses its associates more carefully in future, ...... not that I would be thinking of buying again !

Once bitten.

I would be very interested to hear what other P. Marina buyers think?

Do you think for example that the Spanish lawyers, ( also introduced by the company), are earning their fees?

Frankly this one has a nasty smell, that I dont much care for.

Over to you............. ?

Hi is anyone going out to the development soon? we need to decide whether to go out or not as we are a bit wary with all the new delays and lack of contact from MRI....

Thanks lj250658

Does anyone know wether the airport that was being built back in March 2006 has been completed yet? Or do we still have to fly into Tangiers and do the long and winding 2 hour drive to Smir?

Also, has the Casino by the Marina got the go ahead? The shell walls had been built but the locals had stopped it from continuing. However, it was one of the selling points for buyers intending to rent their appartments.

Hello all,

fyi, I had a call from the agent on Thursday.

Aparently we are looking at a December 2007 completion, now.

bfn

18/08/07

Many thanks for the up to date pics Richard.

July 1st really was a joke!  We are looking at it being ready by 1st of October, not that anyone has been forthcoming with a new date etc. etc. so no change there!

Looks like you had great weather too?

Best wishes Sunnyguy.