It looks as though another big development may be about to bite the dus. Some Owner/Investors have been notified by the Insolvancy Service ...

News should break within months who it is ...

Buckie,

I thought with all you contacts in CV you'd know the development, or is this something else you've copied from another forum ?

It all seems rather strange to me. Why should news break within months ? If insolvency notices notices have been sent then its public knowledge and so to say news will be available in months is rubbish

Surely it puts a bit of doubt into potential buyers minds who may be thinking of buying in Cape Verde?

They may hold off doing so as they may be unsure that the development they have in mind is the one Buckie is referring to or not.

I'm sure Buckie wouldn't do something like that...

By the way, I heard that another high street chain is in financial difficulty, all will be revealed in due course, you'll see I'm right!!

Just back from Cape Verde, fantastic weather and once again busier than I've ever seen Santa Maria and Sal. Lots of new great bars and restaurants, pretty much full every night. Even the shuttle bus at VV had to do 3 runs at certain times to take guests into Santa Maria!!!

Andy,

Just returned myself and have to agree there's some great new bars and restaurants in Santa Maria. Did see you when we were waiting for the second bus we were with Badgerboy and his wife Ii think it was your first night. Met some lovely owners,
Cactus was also very busy with holiday makers.

Hi Carol

Didn't realise it was you, wish you'd said hello and introduced yourself.

Couldn't get a lounger at Atriplex one day, went to Cactus which was too busy, so eventually settled in Lantana enough atmosphere but quiet enough for me, good to have the choice and range of pools etc.

Went to Le Prive one night great new restaurant, still like Leonardo's, and Chez Pastis was as good as ever. I think if you went for a week or two now you could eat out in quality different places each night, couldn't have said that a few years ago.

You didn't realise it was Carol... Even I'd recognise her !

God forbid anyone trying to give advice that could save them the heartache and financial ruin of most buyers that were promised the earth and received nothing. Of course there are the few still who believe they will make some financial returns from their Investment. You’ve only to read the early posts in here to see who were expecting returns !!!

There are those too that believe the collapse of property prices in Cape Verde is down to the economic state of play in Europe, and has nothing to with the place being a lawless place and you’re on your own if things go wrong. Contracts not worth the paper there written on, even buying built properties offers no protection, as if say cracks appear, you’re once again on your own faced with taking on a corrupt developer ! Look to Vila Verde, Has anything really been achieved against Tecnicil ? Of course not, yet present Owners pay a monthly legal fee for tackling Tecnicil ! Yet they claim every things fine ?

Yes some praise the place from the heavens ! Only to try and sucker more people to buy there and end up in the same terrible situation they are in. For every one that tells everyone they are happy, there are a thousand who are very un-happy and wish they had never heard of Cape Verde ! As for a holiday, yes, a great place, providing it’s not a room only deal, or Self Catering as there is just not the facilities there yet to cater for that type of holiday. Of course you’ll hear some name 6-7 stores now open, and how things have improved over the years … It was a third world country so it’s obvious things have improved, but not to the extent it fully caters for room only deals ! Otherwise Vila Verde would be full and not still a Ghost Town !

You're beginning to sound more and more desperate Buckie, has the place really left you that far behind?

Could someone enlighten me as to what facilities for self catering are missing?
My apartment is fully booked and I have other work colleagues looking for places to rent. No one has said they were short of facilities.
All my guests have loved Santa Maria and the great bars and restuarants. Plenty to do if you want it, very relaxing if you just want to sit by the pool or on the beach and chill.
I must confess that none of my guests said that they missed Agga do or the buddy song, but if they did I would suggest an evening at the riu.

Of course your right Peter ! That's why the place is empty !!!

Love it I think everyone will be knocking at your door now Peter, asking how you do it ... Fully Booked

Just interested as this seems to have wandered off topic -Which developer is about to bite the dust?

The problem with such speculation is that if it is true, then the information should be made known if indeed it is to protect investors who are unaware - the flip side of this is that it can damage those that are not having any problems by association. Is it my developer? Is my investment safe?

If there is concrete information then post it - if it is speculation then is it better not to leave it until concrete?

Back out there next week

Of course it's only speculation. That's what Buckie does.

Buckie, a number of apartments are booked and busy on Vila Verde. Don't take my word for it, try booking. My place is full for most of this year. If people want to knock my door they are welcome. I still have someone looking for a place in April, and this is advertised on the owners site.
I may soon open up my website for other owners to put their apartments on. Maybe next year or year after.

Speculation Peter ? .. Try reading other forums !


I suppose what you’re getting at with your property is your letting people stay at your apartment free ?

I can see why it's fully booked now !!!

I see the icons are back Buckie, always the way when you are at a complete loss.

Sal on the up and it's what you've always dreaded.

I see you didn't comment when the owner from Porto Antigo was commenting on the dreadful situation of all inclusive chavs being present at the resort. You weren't one of them were you?

I hope you and Mrs Buckie have got over your food poisoning following your cheap all inclusive over christmas. Why not treat her sometime and take her abroad and take her out for some quality meals, go on, put your hand in your pocket! Oh, forgot, you can't, you and your family were unable to complete on your purchases in Cape Verde, now you have to watch others that could enjoying their holiday homes, sour grapes eh Buckie

I don't understand. If someone is about to bite the dust and it is common knowledge, then let's know who it is.

I don't have the time or inclination to trawl through other forums on what on face value appears wild speculation.

As usual your view or the view that puts all-inclusive in a bad light with Porto Antigo ! Try reading it and ask why it’s being forced on owners …

Porto has something Vila Verde has not “LOCATION” so Room only there is completely different to Room only at Vila Verde … there’s no comparison what so ever, so why bring it up ?

You keep knocking all-inclusive and the RUI ?
Tortuga and the RUI are the only resorts full each week. I’m sure you read the article Sal full so flight diverted …. Was Vila Verde Full You don’t even realise your calling, looking down your nose at all those people who visit the RUI .... Yet still none of them going to Vila Verde ? So what do you take notice of ? Hundreds of thousands of holiday makers each year going to the RUI, or a few sad ones who are bitter and twisted plugging Room only at Vila Verde ? By the time Holiday makers start going there it'll be falling apart !!! Who do you think will pay for that too.... As said, VV is a money pit !!!

Zak … I asked a while ago for the report of the Court decision, or it to be posted in here, and was told let those people involved tell you or post it in here !

I guess I’ll let those who have been informed by the Insolvency team tell which Developer it is !

Buckie

I agree Porto Antigo has a great location, but I know people who have stayed there and have complained about the quality of the rooms, smell, noise, security, so not all great. It is also clear how some owners feel about it becoming all inclusive, it is attracting the wrong type, in their words 'all inclusive chavs' and they were concerned about the behviour of guests.

For once you also raise a good point when you ask if I read about the plane comong in and Sal being full, i.e. no rooms being available. When I heard about that I thought, that can't be right, I've been saying Sal is getting busier and busier each time I visit and Buckie keeps telling me otherwise. Also the government keep reporting increasing tourist figures, yet you claim they are making the figures up. As for why people were not put in Vila Verde, do you mean like in my holiday home? Was someone supposed to put their shoulder against my door to allow holidaymakers in?

Sal is so busy, there are far more bars and restaurants now and they all seem to be doing very well as they are pretty much full every night. Santa Maria, it's businesses and the locals are now starting to see the benefit of owners and self catering guests spending money in the local economy. Vila Verde is getting busier by the week and will continue to do so, though I hope not too busy on my visits as I wouldn't want it to be like the RIU, I like a bit of peace & quiet and space.

Andy,
Did you not get the urge to sing aga doo or dance to the birdie song?

You are right, Porto needs a refurbishment …. Who’s going to pay for it ?
From what I heard, and it’s only hear say, is, It was suggested that porto 1 turn all-inclusive for 2 years. This would pay or help to pay for the refurb cost ! They agreed (Most are Italians ) Porto 2 or 3 were not asked about it !!! The refurb cost was estimated at €20 K -€25 K. How much is VV refub cost ? …and when’s it due (estimated, after all it’s a few years old now) ? Again, another cost to be taken into consideration when buying ! Whether you bought for fun or Invested !
The Plane being full !!! …and your pathetic attempt at humour ! Tecnicil would have jumped at the chance of filling all those rooms that are standing empty after all you owners paid for the furniture ! But then again they would need the staff for that, wouldn’t they !

VV is a Residential Development, with the option to rent your property out if you want too !

Take away all those people on All-Inclusive holidays and you’d have an empty island …

Sal is a small island, and you can see the way the island is now going… Forget the 5* resort, luxury Spa, Caribbean comparison tags,(The RUI was a 4*, Best resort on the island; look at it now, in such a short time) it’s going, all-inclusive, with more/cheaper flights now. Simply because that’s what holiday makers want, they don’t want Room Only deals !. Surely you can see this with VV ?

Buckie

On one hand you say Vila Verde is residential, then you say Tecnicil would have loved to have filled VV with this overspill. Do you not get it? They are OUR properties, holiday homes, yes they are funrnished and ready to rent, but that is our decision, not Tecnicil's.

Why didn't Tecnicil put them in the properties that they still own? Afterall you said that they had lots of those all fully furnished and they'd managed to pay for furnishing all of those with money they swindled from us!!

Now you state that Sal would be dead if it weren't for all inclusive and people don't want room only! So all of those bars and restaurants full every night are full with guests who are all inclusive in their resorts? Right, I think I get you now Buckie!

You couldn't make it up! Well you continually do Buckie.

Keep up the contradictions!!!