The signing of the private purchase contract took place at the end of November 2002 while the starting of the works was set for January 2003 - or so Aifos told the purchasers. The truth is that today the land on which Balcones de Riviera should be built is in the same state as it was two years ago. The cause seems to be that the Town Hall of Mijas rejected Aifos' request for a building licence because the plot of land is too close to the toll motorway AP7.
Once again, Aifos demonstrates its lack of honesty and respect for its clients, who are only now, two years later, finding out about the cancellation of the development from third parties. Having contacted the developer, the purchasers are being offered either their money back plus a ludicrously low interest rate, or another alternative property of lower quality in a different development.
Some purchasers decided months ago to put a stop to the nightmare they where going through with the purchase of their property in Balcones de Riviera. Such is the case of G.O. - an Irish purchaser who made a decision to retrieve his money in January 2004, after continuous pressure from Aifos demanding the stipulated amounts. The developer even sent a burofax to the buyer in which it notified him the cancellation of the purchase contract due to the buyer's decision of not forwarding further moneys until the development's situation had been clarified.
Other buyers who have now lost all their patience have decided to demand compensation from Aifos, according to the legal firm Lawbird Legal Services.
Devwatch advises never to proceed with off-plan purchases without a lawyer checking that all legal requirements have been met with and are in order.
