Costa Cálida
British and Irish home buyers face losses in Murcia development
By h.b. - Nov 18, 2009 - 4:35 PM
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The Trampolin Hills website remains online
Purchasers of property at Trampolin Hills in Campos del Río, will now be treated as ordinary creditors for monies paid
British and Irish owners who fear that they may lose their money with the collapse of the Trampolin Hills Golf Resort in Campos del Río, Murcia, have until December 2 to register their claim with the authorities.
The company is reported to have sold hundreds of properties to UK and Irish buyers, and has now been forced into administration with 2,500 homes left unfinished and without planning permission in the first place.
Cashquestions.com reports that Antonio Guillen, a lawyer with DWF in Manchester, says that buyers must ensure they are on the list of creditors before December 2, and should supply details of any documents which show payments made. The lawyer notes that the presence of a bank guarantee could mean the difference between them getting their money back or not.
Such a guarantee is required under Spanish law, but not all developers comply. In this case it seems that a guarantee was not in place as the developer has just been fined 350,000 € by the regional government for not presenting one.
The owners of the Trampolin Hills Golf Resort are named as Antonio Martínez González and Rafael Agiulera Serna, and they also face fraud charges and have currently been set bail at 30 million €, an amount they are appealing.
Those who are in the situation are advised to contact a lawyer who specialises in Spanish insolvency law.
Last May a judge in Murcia, José Miñarro García, warned that massive losses could be seen, and condemned the Socialist local council for ‘turning a blind eye’ to what was going on.
(Property story)