I know you posted this sometime ago, but I am now starting to focus on our property in Aphrodite Court (B201) as it's the new year, etc.
As far as the penalties for late completion I have spoken to our lawyer who states that we should take this "considerable" amount off the final payment - I would have liked to take it off a stage payment, as an interim rebate. I have heard some rumours, stories about it being difficult to get the penalties and must admit having just sold another property in Oroklini am losing confidence in knowing who to trust. Our apartment is ready, just waiting for the pool and communal areas to be complete. I'm not sure if the block has electricity or not, yet.
Would welcome any news you or anyone else has. I did post a note on the form headed Amphithea General, meant to have put it within the Amphithea development section, but a little bit of a novice.
Last edited by annesparkes on Sat Mar 07, 2009 6:31 pm; edited 1 time in total
I'll check our details later to see where we are in relation to you. I've been checking the Iacovou website and am pleased with the progress pictures. However, I didn't realise that the pool was now filled, nor did I realise other people had taken over the properties - to be honest we're not in a rush to take it over until the weather improves and we can get some local flights into Larnaca.
Hopefully, we can now keep in touch thru this site.
We recently spoke to our lawyers about the delays to the completion of block D. Our reply was
'since there is a delay in the completion of the apartment, please inform the bank that the payments to be made to the developers are with full reservation of your rights in order for you to claim the compensation you are entitled to, when the apartment is completed'
The bank will not release final payment to the bank without our approval, and any instruction we give to the lawyers will be net of the agreed compensation.
Have you been given a revised completion date? Our apartment is in block b. We're going over on 1 April to check things out and by all accounts the apartment should be finished as the unit itself was fitted out last July but we haven't been asked for final payment, or taken delivery of it . Like yourselves, when we are satisfied that everything including exterior areas are complete we will make the final payment, less penalties. We are, however, now anxious to have the keys in order to move forward with it, even if this means paying the majority of the last installment.
I would still like to know more details about the maintenance and the charges, but as when we purchased our previous property the details of this remain vague and I've been caught out before whereby I've paid annual maintenance to an Oroklini company who are tendering for Amphithea and then they've come back for more at the end of the first year under the heading "shortfall" and put the maintenance up the following year by 55% (I've just double checked my figures as even I couldn't believe it). Initially residents were full of hot air, but all paid up.
I will try and find out this week if Georgina is still "off sick".
Hi, I was at the development yesterday and it is now starting to look really good. The gym is the best in the village, the pool is immaculate and teh lawn looks good. Two of the blocks still have lots of cosmetic finishing work underway such as stone cladding etc but it is close to completion. If anyone knows whether residents can get internet yet please let me know as we have two clients looking to rent here but both need internet as a priority. Rachel 99221169. These photos were taken last weekend.
liked the photos,could you let us know where you got furniture.booked for 3weeks in august as they have said our appt will be finished in april hope to go in june to furnish .our appt is in block d how was this going on thanks graham
Had an email from Georgina of ND Properties today. Despite being assured by the developers in February, our apt (D204) won't be ready next week. The date has now been delayed to end May. Which means more compensation for us I guess!
We fly out next Wednesday so will post new pics when we get back.
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