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Someplace else - Belmonte Hi, is anyone else still in this Somplace Else's Brazil development in Brazil? Would be great to hear from anyone that still is and what you are planning on doing. Thanks

Veejay, not sure why but I cannot seem to pm you? Maybe you need to make a few more posts to be able to do this?

I am also snowed under at the moment, but agree it would be worthwhile to join forces, and don't want to end up with a large solicitors bill. Will be in touch when I have some more time to think about it some more.

I couldn't agree more Nettle, this is vastly different to what we signed up to. As for having no money, the story I am told is that our funds are tied up in the current land, and that more funds are required to complete from new investors. This sounds plausible, but I guess it will be...

There were aiming to send an update before the end of Feb, but they also said that in December and January. The aim to do both simultaneously I think, but as the original site is where they will be making the money through high end villa sales I can guess where most of their efforts will be...

R2I have told me that the Marrakech devopment will be split in two. In addition to the original land they have a plot closer in to town (where did that come from and where did they get the money?) which is more suitable to smaller units similar to the ones bought. So us original investors are...

Is putting a charge over the land a last resort? My concern if this happens is, does it effectively stop the development from happening. The worst result of all is to have a development in limbo and nobody is able to proceed.

Is anyone still left in Someplace Else's Brazil development and have they had any recent information from them? Ben Mason has not replied to any of my emails or phone calls...the besomeplaceelse website has vanished as well...

Good luck, it will be interesting to hear what they come up with. Regarding rental income and furniture, the person I spoke to had no idea what was happening. It may not be on R2I's radar, or it may be such early days that they have not had time to consider it yet. The original rental...

Hi, I am in the same position. We were sold this development (now in its fourth incarnation for me) as a great property, in a great position, fully furnished, in a fantastic rental programme and a very good developer. Now R2I tell me that the the developer actually was not so good, the...

Ignore my previous postings...it is the Royal Obidos course the lawyers are referring to and I misread the map. Sorry for getting people's hopes up. When I viewed the site recently I was told there were some issues with proposed course at Pinhal, but it was expected to be approved and I was...

The lawyers also forwarded a map with the location of the golf course, it is between Pinhal and the lagoon and showed Royal Obidos as a separate course. So according to this it is a new separate course for Pinhal. However the area it is proposed to built it in does look small, which is why I...

I am also an investor in Belmonte, is there any more news. I was offered a straight refund, but that it would take 3 months and by splitting the planning into 3 sections they should have planning in place soon. This has been going on too long I agree, but for the moment I am (naively?) giving...

Like you I have my doubts about the 18 hole course, but the lawyers met with the "Vereador” (the director responsible for the building license) at the City Hall so it is straight from the horses mouth so to speak. We'll see... Good luck with the villa, I did not realise they were being...

Finally have had a mortgage offer through from Millenium. It's not too bad as its 80% LTV, and their valuation is pretty much the purchase price. Although their additional fees that they have yet to explain do push up the APR heavily. Some good news from the lawyers in case people haven't...

I agree about the supposed 43% discounts, the original valuations always looked on the high side. However as the comparisons were to two neighbouring top quality golf resorts there the implication is that Perola is comparable to them. Having just got back from viewing the site this simply...

Thanks jdmat1, I would be interested to discuss, just not sure how to PM on this message board.

Hi Tecnic, I am also purchasing there and it has gone very quiet on the bank front. From what I hear the bank may be using the purchase price for their valuation purposes, but that is not confirmed.