Cyprus-Forum.com

[CatSitter_Limassol]

One would assume that some weeks will have to be set aside for essential maintenance or repairs etc...

[Walker Family]

Hi Radio

P.S. Who gets the other 4 weeks?

Just to let you know I am an honest and open person and the 4 weeks would be left as floater weeks (the weeks which had not been allocated)and if anyone who owned the property wanted these weeks or managed to rent them out this money would go towards the maintenance costs for the year.

Regarding your view that you think there would be a limited market timeshares do very well and I feel this is better than a timeshare as there must be thousands of people who would like to purchase a property abroad but cannot afford the full outlay whereas this is a way of getting into the property market abroad and testing the water.

Your suggestion of dates being on a rolling basis I feel this would complicate things; if you get a mixture of golfers, couples or families everyone would be happy with their allocated weeks year in year out as they would be evenly spread eg 2 weeks Jan - Mar/2 weeks Apr - June/2 weeks July - Sept and 2 weeks Oct - Dec.

Thanks for your response.

Walker Family

[ukman]

Sounds a good idea but just to let people now .i went to join secret valley golf this week 1050 for 2 courses psada included which opens in april but the girl in the shop informed me secret valley then closes for maybe 2 years that makes it a way to go every day to play golf

[Walker Family]

Not aware of the course shutting for 2 years would have to look into this; I do know they are starting the build for the Village Square, Retail Centre, Sports and Recreation Centre and the Health and Spa which has a build time of 2 years.

[Radio]

Hi Mr Walker,

I wasn't questioning your honesty, but your mathematics. All the ads for fractional ownership I've seen have been for 4 buyers, each having 13 weeks.

The reason I think resale might be more difficult than you think is that not only are you looking for someone who wants to buy into the concept, but also is happy with the dates that are for sale.

I understand your reasoning for wanting to wait until the development is complete to maximise value, but a cautionary note. I went to Islantilla in Spain last October for a week's golf. I had last been 5 years earlier when it was in the 5th. year of construction and still a building site. Guess what ?. It's still a building site !. The once wide fairways are now being reduced to accomodate even more apartments. Buyers who thought they had front line properties are now having their views destroyed - and there is nothing they can do. Guaranteed views are not written into the contract.

Also, hotel guests have priority booking for tee times. If the hotel is full, there are no spare tee times for property owners. Don't know if there is a hotel at Secret Valley, but be aware of the number of available tee times being vastly outnumbered by the number of residents wanting to play.

[Walker Family]

Hi Ukman

Have checked with Secret Valley and they have informed me Secret Valley Golf Course will not be closed; can you give me any further information.

Walker Family