Real Estate / Angel city Development in Krakow [33]

Jackie, John, Dani

I have an apartment in Block B, still not complete. We haven't signed final deeds. This is well late, and looking at the state of the common areas (stair, lift wells etc) we're still at least 6 weeks from being in a position to live here, or rent out our unit.

Our unit, and basement storage area, are also smaller than agreed.

I am interested if anyone has information on the penalty clause, and if there is a consolidated course of action we can take to see our interests looked after.

Richard

Real Estate / Angel city Development in Krakow [33]

Yes -can't complain about the externals - the brickwork is excellent. hope the landscaped areas and the internal common areas come up as well.

My view is that the municipal works do not absolve the developer from sticking to their agreed program. The developer is laible to damages, and should in turn seek compensation from the local muniicpality for these damages.

Furthermore, as investors we had a right to be informed if there was to be any delay to the completion of the project. I was never informed of any 2 week lapse due to works by the local muniicpality.