Quote:
Originally Posted by beenthere
A little birdie told me on the weekend that Grupo Sanchez will not be getting a license for this project as it stands because most of the project is on sand dunes.
So the most likely outcomes for this project are that 1. Everyone will be getting their deposits back, or 2. the project will be a lot smaller than originally planned but still go ahead.
The lesson here is, don't buy into a place which is not licensed, it isn't hard as there are a lot of projects around which have licenses in place.
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Hmmm. In my experience those who buy prior to the Licences being issued do take a risk but generally see a big hike in asking prices as soon as they are granted. (If they are granted of course)
Mind you I am the person who flaffed around in Morroco for a year before getting his deposit back 2 days before the licences were granted.
I do think though that developers could be a bit more open about where they are in the planning processes otherwise the little birds start whispering !!
K