nothing to do with Italy thank god

overseas agents fraud

this is not an italian related story but easily could be... well if you know the market is at the moment and has been for a while...  but it offers an excellent picture as to why off plans sales are hazadrous to your health and also its worth bearing in mind that when the Spanish government clamped down on a lot of the more dubious people in this type of money making operation they moved to the Italian coast...

anyway its a warning story that is relevant i would say... we all know how certain law firms made parting with money look safe because they were holding it... and how that went wrong here.. when they were chucked out of the UK  now operating quite safely and happily off the italian mainland...

 to me the only answer is to only part with money when you have bricks and mortar... simple really .. a construction company that is solvent will construct off its own finances and sell ..  if they have no finances they will ask private individuals to finance via off plan at a discounted price..  ie they do not have the financial weight  or legal standing to finance their own project and make a larger profit.. they are working on  a syste of no risk to them and will only start work if at all when they have sold enough apartments to buy the next load of cement... because without convincing someone to part with their money they have none of their own via banks who will not loan to them to lay one brick on top of another... so if the banks have turned them down why would you loan them the money