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Luksa - Big problems with developer in Lwowska, Krakow

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posts: 83

ridom	Sep 7, 09, 11:13 #61
Does anyone have a guide price for a typical 1 bed apartment in the Lwowska Krakow area. I'd like to compare todays price for what we paid based on an initial agreement in 2006?

♂

Sep 7, 09, 14:36 #62

there is a development nearby currently being sold called "Willa Avangarda" - if you do a google search you will find a website for this development. It has sold fairly quickly at prices between around 7800 PLN per m2 and 9000 PLN per m2 (developer's standard, prices including 7% VAT). Luksa is also selling apartments in their development on Plac Bohaterów Ghetta called "Villa Wisła", you can find pricing here: http://www.neodom.pl/Inwestycja/Kraków/Kraków_VILLA_WISŁA/6

ridom	Sep 7, 09, 16:26 #63
Thanks for that Andy B - so reading between the lines I see that Luksa has at least built something in Krakow. How good is it? Do they have any sort of reputation?

♂

Sep 8, 09, 10:34 #64

Thanks for that Andy B - so reading between the lines I see that Luksa has at least built something in Krakow. How good is it? Do they have any sort of reputation?

I can't see that they have any reputation after the Lwowska residence fiasco.

Having said that, the new development they are building nearby is fairly close to completion, so provided the build standard is ok, potential investors probably won't have any issues with this one.

ridom	Oct 14, 09, 13:32 #65
Luksa and Lwowska has taken a new twist - thay want to offload us and there is a real risk that we lose deposit. Considering legal action. How many of us are out there?

molly

Oct 18, 09, 15:51 #66

Ridom,what do you mean by that Luksa wants to offload us?

my solicitors have attempted to get luksa to agree to terminate m
y contract for over a year . they of course have had no luck. we have found out recently that luksa written to the estate agents(whom I originally dealth with ) seeking the next instalment as the building permit came through. As i did not pay it they are now proposing to termaite the contact and to only return 90% of my original deposit, no expenses. But will luksa they even repay 90%!

worst again, my solicitor said if we were to go to court , luksa may argue that they were unable to fulfil the requirements of the contract due to matters outside their control(lack of building permit).

ridom

Oct 18, 09, 17:29 #67

Exactly the same situation we (3 of us) are in - right down to the 90%. Our solicitor is advising we settle for 90% cause 'he may change his mind". We are in a no win situation here - we may be forced to settle for our 90% and then chase the rest in court at a later date. Will Luksa repay the 90% - I really don't know. We know of one Irish lad who has been trying to terminate for over a year and he is in the same situation as you.

Very angry about everything from the way Luksa has treated us right down to our pricey solicitor fees and advice.

molly

Oct 18, 09, 23:03 #68

By settling for 90% return of the deposit, Luksa definately has the upper hand
on all 3 of us . Luksa have known for over a year and a half that I wanted to terminate
the contract,so why write to me seeking next instalment. Only so they have the power to issue the withdrawl on their own terms. 90% return of deposit does not sound bad ,until you consider the agents fees and another 20% on solicitor costs to date. throwing money into a black hole. It frustrates me that this is going on so long.

ridom	Oct 19, 09, 10:35 #69
Agents fees for what service? We paid nothing to agents. Solictor fees - yes. Get your 90% if you can like us and then we chase the rest. What is you nationality? P.S. It also sounds like u have the same solicitor as us but I'm not gonna share that over this forum.

molly	Oct 20, 09, 15:46 #70
Did you not have to pay 3% fees to the real estate (seeling agent) at the time of signing the preliminary contract?

ridom	Oct 20, 09, 16:31 #71
He asked for the 3% but we didn't pay cause in effect we had bought nothing - and still havn't. I've no doubt that its the same agent. And he agreed. We have had no contact with agent in approx 2 years. You only pay agents fees if sale goes through - which it won't now.

molly	Oct 23, 09, 23:23 #72
oh,some of us paid the agents fess of 3% on signing the preliminary agreement. it was a condition at the time. i was sure it was the same with other agents.i wonder could we try now try to reclaim any of that fee back from the agents now that the sale has not gone through?

polskyThreads: 5 Posts: 98 Joined: May 26, 09 ♀	Oct 26, 09, 09:45 #73
these scamming builders they go probably after this way of thinking: 1.If the price at the beginning it was too high - good, we make more profits 2.If the price at the beginning it was too low - we can sell now that it is finished, at much higher prices, we already got the financiang we needed from these suckers, so let's scam them off, and get much higher profits..

beto	Nov 15, 09, 09:12 #74
What do you decide finally? you ask to get your money back or you continue with this investment?

bolekThreads: 10 Posts: 369 Joined: Sep 13, 08 ♂	Nov 15, 09, 09:40 #75
Doubt if Luksa will provide a windfall in the very near future.

mollyThreads: - Posts: 3 Joined: Jan 28, 10 ♀	Jan 28, 10, 22:06 #76
is there any advantage getting a compulsory mortgage against the developer's property through the courts if the developer appears to have financial problems?

thedomThreads: 1 Posts: 9 Joined: Mar 4, 08 ♂	Jan 31, 10, 21:52 #77
Molly Clearly you are being advised to do just that by your lawyer because Luksa is stalling on paying up - again. Ditto for us. Sounds like we have the same solicitor or else they all work off the same strategy book. Short answer to your quest - don't know - but what is your alternative particularly if your limitation period is up?

mollyThreads: - Posts: 3 Joined: Jan 28, 10 ♀	Feb 2, 10, 14:58 #78
does anyone know a fax number for Luksa SP Z.O.O? Does anyone know if this is still there address UL Wispole, Krakow 31-072?

unclemeatThreads: - Posts: 1 Joined: Feb 19, 10 ♂	Feb 19, 10, 23:01 #79
Hello everyone I'm just about to buy an apartment in different localisation from Pawo (Luksa) but now I'm afraid. Tell me do You still have problems with those people and with repayment? Their address is still Wielopole 18b 31-072: krs.ms.gov.pl/Podmiot.aspx?nrkrs=0000239130

Visionary DevelThreads: - Posts: 5 Joined: Apr 14, 09 ♂	Feb 20, 10, 16:42 #80
Any more current news on this issue? Did anyone actually get their money back?

mollyThreads: - Posts: 3 Joined: Jan 28, 10 ♀	Mar 1, 10, 15:24 #81
The majority of us are sitting and waiting for the money even after 3 years

JoanJoan	Oct 7, 11, 11:48 #82
Any new in 2011? I'm waiting for the money... Any hope?

♂

Oct 7, 11, 12:30 #83

Don't know. howerere they are bring out a law to protect customers. The same thing was worthless in Spain, it should be noted.

http://translate.google.com/translate?hl=en&sl=pl&u=http://www.gazetap rawna.pl/&ei=wUMDTaSKKcOK4QbNqJ2CCg&sa=X&oi=translate&ct=result&resnum =1&ved=0CCMQ7gEwAA&prev=/search%3Fq%3DDziennik%2BGazeta%2BPrawna,%26hl %3Den%26client%3Dfirefox-a%26hs%3DPAh%26rlz%3D1R1GGGL_en___GB324%26prm d%3Div

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