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Esmeralda beach/Ponta Preta Apartment PropertyInland from the Riu, Now renamed Esmeralda beachThis is another block of apartments designed in big two storey units around a large ornamental pool area with a few villas thrown in. It is planned to be built a bit further out to the West of the existing Djadsal apartmentsl . It will start on a flat area of ground off the road that heads out from the Djadsal across what is now open desert and will extend west towards the sea, but does not seem likely to be beachfront. This is something that should be carefully checked before buying, . The site liesbetween the Riu Funana/Garopa and Vila Farol holiday camps, in what is now an empty zone of Santa Maria. The area in front of it towards the sea has the Riu and Vila Farol holiday camps, blocking easy beach access.It is marked in red on the aerial view.. Completion is delayed until 2010 at the earliestInformation is sparse and the local developer Cabomaxo does not seem to have much to say about it. Studio prices start from £79.000 and one bedroom apartment from £89,000. Some reinforced concrete blocks have been laid but it appears to be well behind schedule. K from Birmingham is suspicious " Why have they been sending us leaseback offers, and setting up a website with the promise of weekly photos, and a webcam, and sales figures,if they don't have a firm offer from a travel firm, and don't bother to update the site which would keep most people happy? Are they implying that we all pay in full in April,(and we can do nothing with our properties on a building site), and they will then finish the site to a changed spec of their choice when they decide what that will be, and we wait a year? I've never heard of anyone taking delivery of a property abroad until the complex, or at least the part you have bought on is completed and usable. I hope i have misinterpreted, because otherwise i think we have trouble ahead."W from Sussex cannot see a letting income "We will get our appartments in April 2009, with no swimming pool, no planting and for the next year our development will be a building site. What chance do we have of renting these appartments with no facillities or surroundings completed."J from Manchester has been told that it could be on time. "Tthe guy in charge of construction told me that by the middle of July everthing will be in place. It seems to be according to him more a problem of logistics than of workload. Sometime goods get blocked for several weeks and it is not the first time that the harbour of Palmeira has been a bottleneck. I finally decided to buy a two bed after the mayoral elections." |