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Corvera Going Green! Our July/August Report

July 30th, 2009

Firstly I would like to say that we do feel a little bit of sympathy for everybody suffering in the UK and Ireland with the terrible weather over the last few weeks. We watch the weather forecasts with mild amusement as we “bask” in 40 degree temperatures. The bad weather back home might also be the reason why we are currently experiencing record numbers of visitors to this beautiful region of Murcia – Roda Golf is almost full to capacity!

Driving range now open!

On to Corvera, we have some great photos of the new driving range and the PGA academy which is now open. The fantastic facilities include dozens of practice bays for the driving range, PGA training and instruction areas, many putting greens and pitching areas as well as PGA offices and rest room facilities. We were also very grateful for the vending machines with temperatures hitting 44 degrees whilst we were there!

The facilities all look amazing. It has been a “long haul” to get to this point. I know I keep saying it, but it was certainly worth the wait. It looks great and I am certain you will all agree when you visit – which I hope will be soon.

There is only so much I can say about the progress at Corvera but it is significant I promise you. The entrance with barriers DOWN is impressive – with the security guard resembling Mike Tyson looking for a snack, security is tight which is excellent news and further proof of the exclusivity of this resort.

Come and stay at Corvera! Now!

Clients are now moving in and we have our first properties fully furnished (by ourselves) ready for rental, so if anybody needs accommodation when they are over to complete the purchase of their property, we are now able to accommodate you on Corvera itself – yes that is right – we are up and running with our first properties available for rent.

I am happy to report that despite the “doom and gloom” and the recession, approximately 30 – 35 owners per week are completing the purchase of their property at Corvera and that is official and Calida International Properties are helping a large part of these. Not a single resort in Spain can boast those numbers, maybe not anywhere.

The golf course is going green! We can also report that all the greens are now immaculate. The golf course is well on track and as per our previous update, and the sports facilities are ready for use.

All the gardens are maturing, and it never ceases to amaze me how much attention to detail there is both inside and outside the resort. The entrance road in and the entrance itself is as impressive as I have seen and getting better by the day. Day by day the cranes are moving out and the owners are moving in.

South Island

The South Island has shown dramatic improvement over the last six weeks with the Magnolia villas all painted and very close to completion. There is still some major work to be completed with the gardens and swimming pools yet to be constructed, but the Christmas deadline looks easily achievable. We have taken some photos of the Magnolia’s, however it was very busy with construction vehicles so we could not stay too long, we hope you can see your property!

The Menta apartments are really taking shape and they have also been painted different neutral colours and they look very impressive, I reckon 6 months and the South island will be close to completion.

Phase 3

Still no news on phase 3 I am afraid, however as soon as we get something positive we will be the first to announce it I guarantee you. Please stick with it phase 3 owners! When you see the resort you will be very excited, if you do have any concerns, please contact Corvera Golf themselves, or we will be happy to help in any way we can.

Your kind comments

Finally, we have had some great comments about the resort and some individual properties from owners themselves who also had some very nice things to say about us as well so I could not resist passing these comments on to you all. Please see what these two owners had to say below, and we hope you enjoy this latest update and the usual batch of photos.

We have been very busy helping clients through the completion process from arranging the mortgage, to snagging, cleaning and ultimately helping to furnish our clients properties. Two very happy clients are John and Amanda Anderton from Norwich, here is what they had to say:

“We recently visited our new property at Corvera and saw the inside for the very first time. After all the delays of the last two years, how lovely to be able to say that we were stunned with the overall impression of our Canela villa!

The layout, design features and general quality of finish exceeded our expectations…and we are fussy!! There is far more storage space than we had feared might be the case as well

Also, important to mention, the help and advice we have received from Stuart Thomas of Calida International Properties has been invaluable. His expert knowledge of the Corvera and Roda developments, and his excellent network of contacts for all required services, has enabled us to progress the completion of our property with a degree of reassurance we could not have dreamed of a few months ago. A very professional and friendly service – highly recommended!

Although our property is still not completely finished, we have seen enough to convince us that this will be a lovely second home and a very good investment. Let’s hope Corvera finish the golf course, club house and other facilities to the same high standard to complete a great resort for all owners and guests to enjoy in these beautiful surroundings”

Brothers Darren and Lee Williams, Company Directors from South Wales also had this to say:

“we purchased our ground floor property over 3 years ago and we have been a little apprehensive after all this time as to whether Calidona would in fact deliver on their original promise regarding our property and the resort generally, well we have been very pleasantly surprised, the whole development looks very classy and we are very impressed with our apartment which is very spacious with great views.

We have just completed the purchase of our property and thanks to Stuart Thomas of Calida International Properties everything went without a hitch, his expertise was very useful and his assistance has been invaluable, nothing has been too much trouble for him and his team as they have “held our hand” through the whole process, Stuart’s mortgage advisor Henry Slade has also been excellent and managed to find us the mortgage we were struggling to get and we would like to say a big thank you to him.

Finally we would just like to say thank you Stuart for the regular updates and photos on your web site, without which we might have succumbed to despair a long time ago, thanks again Stuart and we look forward to working with you for years to come”

Click here for a FULL SCREEN slideshow!

22 Responses to this article

  1. ColinKon 31 Jul 2009 at 7:39 am

    Thanks again Stuart for the excellent update and pictures. It certainly helps to keep the spirits up, whilst waiting for any news on Phase 3. On that point we have been informed, yet again, it will start in the summer, which in my book means within August or September. I just hope they mean this year.

    All the very best and keep your updates coming for the sanity of us Phase 3 and if their are any Phase 4 possible owners.

    Colin

  2. Ron.on 01 Aug 2009 at 12:14 am

    Once again Stuart many thanks..still loolks like a load of work needs to be done, but as you say, moving in the right direction. regards Ron.

  3. Jonathanon 01 Aug 2009 at 9:54 am

    Stuart

    Thanks again. What is the story with the clubhouse. I completed mid July and there wasn’t much work going on in that area??

    Regards

    Jonathan

  4. Anitaon 01 Aug 2009 at 2:06 pm

    Thanks again Stuart. The site is really looking impressive now. The driving range looks fantastic, right outside our apartment! Do you know anything about part of Phase II being put on hold. Also, has there been much progress with the airport.

  5. Corvera Golf Infoon 01 Aug 2009 at 7:09 pm

    Hi Anita,
    As far as I am aware there is no delay or “on hold” of any part of phase 2, the progress is amazing and I have seen no evidence of any part being delayed further.
    I will enquire with Corvera and if I have any news I will post it here.
    Regards,
    Stuart Thomas

  6. chris smithon 02 Aug 2009 at 12:01 pm

    Stuart,

    There is a strip of land on the ‘South Island’ fenced off which was part of the phase 2 Magnolia area which has not been developed and according to the original plans would have contained about 20 or so properties.

    Chris

  7. Greedoon 06 Aug 2009 at 4:14 pm

    Thanks Stuart,

    I was wondering will the golf course have trees planted on its edges?

  8. Corvera Golf Infoon 06 Aug 2009 at 9:39 pm

    There are thousands of trees planted everywhere, including the edges.
    The trees are strategically planted as additional hazards.
    If you mean will all the fairways be “tree lined” then no.
    Regards,
    Stuart

  9. chris smithon 07 Aug 2009 at 12:38 pm

    Hi Stuart,

    Did you find out about the undeveloped strip of land on the South Island?

    Chris

  10. CARL COPELANDon 11 Aug 2009 at 11:00 pm

    Thanks Stuart,

    Sorry to miss you when in Spain.

    Just a word of thanks for Mark and Chris/
    They did a very good job in getting the Property ready/sorting out the snagging and getting the place clean.
    Overall we are happy with the Property and the overall complex is really beginning to take shape,

    Looking forward to meeting you when next in Spain.

    carl

  11. Markon 26 Aug 2009 at 1:42 pm

    Hi Stuart,

    Being the paranoid type, I am starting to think that Corvera haven’t even applied for the license for phase 3. This phase was supposed to be completed by the end of 2009 – Now it looks like it won’t even be started by then.

    Looking at the contract, there doesn’t seem to be any commitment to a completion date, except to say 18 months of receiving the license. What happens if the license doesn’t come through? Will deposits be refunded? Is there any contigency, where owners can get out of their contract and still get their deposits back? – What concerns me is that the license can be put back indefinitely. I believe open-ended contracts are illegal in Spain. Do you have any thoughts on this?

    One other concern I have is that the property prices have dropped considerably in Spain since 2007, so I was wondering if there is any scope for renegotiation of the price, considering this phase hasn’t even been started yet?.

    Regards,
    Mark

  12. Darrenon 26 Aug 2009 at 4:26 pm

    Hi stuart would love to here your thoughts on mark Q thinks

  13. Corvera Golf Infoon 27 Aug 2009 at 8:09 am

    Hi Mark,
    I do not have any idea when the building will commence on phase 3, like you I am being told that work will commence ASAP, I will speak to one of the managers when I am next there to try to get an answer.
    Regarding house prices, that is a worldwide issue, not just Spain, your home in the UK is worth on average 25% less than 2 years ago, the good news as far as Corvera is concerned is that so far the valuations are pretty good against the purchase price.
    You really do need to speak to your legal representative regarding the contract, deposits returned, etc, I would hate to offer an opinion that was incorrect and I really do not know the legal position regarding your contract.
    Too many people offer their opinion and quote is as fact in Spain and I do not think that will be beneficial if I do that.
    Stuart Thomas

  14. Markon 27 Aug 2009 at 11:23 am

    Hi Stuart,

    I think the real question is whether Corvera have applied for the phase 3 license or not, and if so, when will the license be granted. Corvera are contractually obliged to complete within 18 months of getting the license, so I am not too concerned about when they start building, once the license is granted. However, I am very concerned that the licensing process could go on for years if it suits Corvera to not even apply for the license. When you are speaking to one of the managers, could you please try to get some information on whether Corvera have indeed sought a license for phase 3 as yet?

    Regarding house prices, the point I am making here is that perhaps Corvera should revise the selling price for these properties downwards, considering they haven’t even broken ground on phase 3 yet. It was reasonable to charge 2007 prices based on them getting the license in 2007, but to me it seems grossy unfair of Corvera to stick with 2007 prices in the current climate, and if nothing else it would take the sting out of the tail for phase 3 owners who are waiting in the region of 2.5 years (so far) for building to begin.

    I intend getting legal advise on the contract. I need to get the Spanish version of the contract first, as I intend contacting a solictor in Spain.

    Regards,
    Mark

  15. Markon 27 Aug 2009 at 11:53 am

    Hi Stuart,

    I just spoke to Corvera and I was told that the licenses for phase 3 have been granted! I spoke Leila, a lady in after-sales. I asked here when the license were granted, but she said she wasn’t sure, but she did say that she would ask her manager and she’s going to send me a scan of the license by email. As soon as I get this (assuming I do!), I will let you know.

    I also asked her if there was any chance of a price reduction on phase 3? She said that all the properties have been sold and there was ‘no need’ to reduce the prices. She also said that most of the properties in phase 4 have been sold and they haven’t reduced the prices on those either.

    Regards,
    Mark

  16. nicolaon 27 Aug 2009 at 5:08 pm

    hi stuart

    I can sympothize with phase 3 owners we paid our deposit for phase one in 2004 and we have literally, at last, just completed on our property.

    Can i just say that it is everything we expected and is in a lovely position, patience is something that we have learnt whilst going through the Spanish property buying process.

    Both John and I can see that Corvera is going to be something special when it is completed and hope that phase 3 and phase 4 owners can get some clarity on their completion dates.

    Your monthly updates and pictures certainly kept us going during the long wait

    Many Thanks Nicola Petrie

  17. Markon 27 Aug 2009 at 6:06 pm

    Just got this email from Leila in Corvera …

    “Further our telephone conversation, I can confirm you we´ve got building licences for the construction of your apartment. As I explained you the licences took a lot of time because of Murcia Town hall.

    I send you a couple of pictures of phase III with three cranes so you can feel better. I hope this is helful for you and your friends in phase III.

    All the owners will receive soon a copy of the building licenses.”

    The photos don’t convey much to me, but if anyone wants to see them, then please let me know and I can send them on.

    Regards,
    Mark

  18. m steevenson 01 Sep 2009 at 6:06 pm

    HAs anyone got a contact for the commercial side to pass on to me

  19. Dave Bon 11 Sep 2009 at 5:04 pm

    Hi Stuart
    Would be very interested to take up Mark’s offer to pass on photos of phase 111 and any info he may have. I am visiting covera end of Sept 2009.

    Kind Regards
    Dave

  20. Markon 11 Sep 2009 at 6:15 pm

    Hi Dave,

    I don’t have any more information other than I have written here already. I can send the 2 photos I received from Leila if you leave an email address.

    Regards,
    Mark

  21. Dave Bon 12 Sep 2009 at 11:21 am

    Hi Mark
    davidcbond007@yahoo.co.uk

    Cheers
    Dave

  22. Markon 14 Sep 2009 at 10:41 am

    Hi Dave,

    I’ve sent you on the 2 photos to your email address…

    Regards,
    Mark

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