Disappearing Dreams

A total of 60 families invested in a building development in Taramay, Almuñécar, putting money down for a flat there.

It was back in 2021 when a building developer began advertising a new urbanización on the road that leads down to Playa Tesorillo in an area known locally as Torrevilla. The plot is some 6,000 sq/m and the urbanizacion was to be called Mirador de La Atalaya.

Then like a bombshell the news broke that the land didn’t even belong to the real-estate developer. In fact, the Town Hall said that it knew nothing of a building licence for this plot.

The duped buyers, some of whom are foreigners, paid between 11,000 and 25,000 as a down payment and now they have nothing to show for the loss of savings.

This same developer, it appears, has done something similar in Almería, Málaga (Mijas y Alhaurín el Grande) and Murcia (Águila), so there are many more people who consider that they have been duped.

On the one side we have the building developer, Grupo 21, belongs to a married couple, and on the other a law firm, Lexforma, who representing around 30 buyers, and which has lodged a suit against the company for fraud. Furthermore, the law firm is also suing two banking entities for civil liability, which handled the payments.

The said ‘bombshell’ was an email on the 25th of May from the company saying that the project would not be going ahead. The email assured that within days their money would be reimbursed. However, not a penny, it is claimed, has been returned. In fact, the company began putting obstacles in the way to gain time, it appears.

After hundreds of fruitless phone calls one of the reps for the company sent an email to everybody saying that the company had 3-million in capital so that there would be no problem returning money, however the Mercantile Register shows that the company only has one single property in its name.

Going back to the ownership of the land, the real owner forced the company to remove the large billboard promoting the project that had been place on his/her and without consent.

There’s more to it by why go on because this sort of thing has gone on for decades, all over the country; just one more pitfall for young couples trying to get on the property ladder.

(News/Noticias: Almunecar, Costa Tropical, Granada, Andalucia – source article: PGT-Ideal)

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