Principal shareholder of Polaris World Pedro Garcia Meroño

Polaris World has requested a one month extension to continue negotiating debts with it’s creditors. The reason lies with the valuation of assets of the company. Polaris World has many assets that cover the debt, “the spokesman said with land, houses, hotels and golf courses. He remains confident that an agreement is close and will be made in the end. Thus, we must wait until 22 April with the conviction that the agreement will be signed with the creditors.

Polaris World showing a turn around as 12 properties were sold just this week.

On Condado De Alhama The first phase of it will finish but the second phase, the latest news provided by the local mayor, José Espadas, indicate that the Mediterranean Resort Initiative (MRI, comprising CAM Cajamurcia, Bancaja, Caja Madrid, Banco Popular and Banco de Valencia) wants to take the six million square meters of the project to develop an entertainment center under the brand of the multinational Paramount, whose representatives recently met in Dubai with Ramon Luis Valcarcel, president of Murcia.

Of course, more conflicting news but all the same very interesting.

http://www.cotizalia.com/en-exclusiva/polaris-acreedores-acuerdo-evitar-suspension-pagos-20100323.html

Click here to visit our photo gallery that now has 1571 pictures of Condado and the surrounding areas

Easter holidays are almost upon us, a favorite holiday for kids of all ages, right after Christmas that is.

If you are arriving on Sunday Evening as many people are, you will be pleased to know that the supermarket at Condado De Alhama will be open for normal business on Monday.

I always get nervous when we print something like this, although we did make a trip to the supermarket to get the opening schedule for the holidays, this is Spain, it also has the added benefit of being Polaris World, where anything can happen..so, the supermarket is open on Monday and if for some reason it is not, remember.. smile you’re in Spain.

Todays live golf is now showing on Condado TV click on the image below to see todays sunshine in Murcia.

Condado De Alhama is a wonderful resort, one we have called home for the past 16 months. During that time we have seen Al Kasar, the center of Condado De Alhama built, restaurants open, a bar open, football pitches opened and in the last month a gym join the sport facilities available here. We have also watched as the Jack Nicklaus Signature course took shape and opened in December 2009 and has since hosted 3 Hi5 professional tournaments. All this is now available at Condado De Alhama golf resort, so why are prices now 50% lower than the off plan prices that we happily paid in 2008? The answer is simple, global economics.

While the rest of Spain may still suffer in the recession Condado De Alhama will flourish, once these last properties are sold property prices will be back in the hands of the owners that know the value of the resort and their properties. Supply and demand will turn the tables and prove that this resort is a good investment for anyone interested in owning a home in the sun.

We as owners at Condado De Alhama have come together with the developer to make this happen as soon as possible.  We have the best prices and the best terms available on the resort and ask owners and anyone interested in owning a property here to contact us by clicking on the link below and submitting a request for more information. If you are waiting for property prices to drop further or for better terms, don’t. Priced to sell, these last properties will not last long.

Buy NOW with the best terms and properties available on Condado