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cubsur 
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 Posted: 11/September/2022 at 10:11 |
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It's been over ten years now. It won't be long before it is beyond saving.
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Albufeira Resident
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Bunnyrunner
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Posted: 11/September/2022 at 11:05 |
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Despite trying, I did contact these agents as soon as the signs went up, I have been unable to find out if it is still owned by the bank or has been sold to developers. Either way it would be a logical approach to spend a little money on the 25 or so Villas to ready them for sale, when sold they will recoup the largest sale proceeds, presumably around €20m. This could then be used to remediate the hotel and apartment complex, in order to sell them.
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"You wake up a winner only you can make yourself a loser"- Declan Murphy
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cubsur
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Posted: 12/September/2022 at 08:22 |
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A company has bought up some of the villas but doesn't seem to have sold any yet. Hardly surprising, given the state of the area as a whole.
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Skiddy
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Posted: 12/September/2022 at 22:32 |
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We were up at 'oceanville today, walking past the newly painted townhouses, there was a couple inside one of them signing some paperwork & the sign that said for sale in English as been pulled up and laid to the side ,I think the one next door has also been sold there's an intercom outside & a cctv camera up high on the wall..we were also looking at one of the apartments in block (A) at the end near reception,which looks newly painted,someone must have be in there because the curtains opened half way & then closed again,really creepy, wondering why so many of the shutters are half pulled up & the rest closed.
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cubsur
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Posted: 13/September/2022 at 08:03 |
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There is an on site security presence, I think that single apartment is for that. Some of the apartments were very briefly used ten years or so ago before the site was closed down, which may explain some of the strange sights.
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cubsur
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Posted: 09/November/2022 at 08:52 |
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Weeds are taking over again. The scene on Monday 7th November.   |
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animallover
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Posted: 09/November/2022 at 13:40 |
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Extremely sad situation. You'd think something, anything, to get this property habitable!
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animallover
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Posted: 09/November/2022 at 13:42 |
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Meant to say would get done...
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cubsur
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Posted: 10/November/2022 at 07:53 |
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Apparently yours for €1 if you have a few million to rehabilitate it. Rumours about its purchase come and go fairly often but nothing changes on the ground.
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cubsur
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Posted: 24/November/2022 at 09:44 |
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Looks like some of those expensive townhouses have been sold and the long neglected driveway between them has been tidied up.  |
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cubsur
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Posted: 03/June/2023 at 08:43 |
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Operatives have recently been busy clearing away the jungle and trimming the hedges, although rather messily. Is this
because of the fire regulations, or might all the rumours about the site
being sold finally be coming true?   |
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PateoSteve
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Posted: 03/June/2023 at 11:47 |
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Hi Cabsur, thanks for the update and so hope your right about the site being sold but maybe just the council forcing owners to clean up. We will be out in Pateo from tomorrow for a month so don't know if you ever have a drink at Nunos. If so would be please to meet you and thank you for all the work you do maintaining this forum and buy you a beer..
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JuliejH
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Posted: 03/June/2023 at 17:10 |
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It’s a sad sight, we pass it to get to our place and it would be great if it was sold , fingers crossed
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cubsur
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Posted: 25/June/2023 at 10:48 |
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Saturday afternoon, 24th June. Still a sad sight.   |
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cubsur
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Posted: 05/January/2024 at 10:59 |
          The views from up there - down into old town area.  The Espacos Multiusos and LIDL to the left, ALDI to the right  Alto dos Caliços  |
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