Post by Peter Ellis on May 31, 2005 22:18:37 GMT 1
If the vendors are unable to complete then they will be legally obliged to return double the deposits paid. If investors could be persuaded to withdraw rather than the vendors pulling out, the vendors could presumably avoid this.
The new planning laws prohibiting development within 75m of the sea must be affecting the planning process too.
Services must be a problem as well. It is one thing having sufficient available to build a few houses, but the scale of the development could necessitate building new mains from the nearest point where sufficient capacity was available, and if that was a long way away it could involve services providers in major work building new mains for which they would need to find budgetary resources. It is not a heavily populated area at Prizba so I wouldn't have thought the existing mains would be that great.
The new planning laws prohibiting development within 75m of the sea must be affecting the planning process too.
Services must be a problem as well. It is one thing having sufficient available to build a few houses, but the scale of the development could necessitate building new mains from the nearest point where sufficient capacity was available, and if that was a long way away it could involve services providers in major work building new mains for which they would need to find budgetary resources. It is not a heavily populated area at Prizba so I wouldn't have thought the existing mains would be that great.
