Hi Graham,
The last update I received on the contract was in May when the lawyers office wrote a note to Choices Acquisitions which said "we contacted the lawyer of the developer to prepare the needed contracts, we have a promise that they will send them to us this week. As we have them we will immediately forward to ..........".
I have still not received the contract. The lawyers (and Choices) said they would seek my written approval before signing any documents on my behalf so I can only assume that there is no contract at present.
They were in such a rush to get my deposit money once I'd agreed to purchase in October 2007 that I assumed all the legal work was done. Apparently not! I was asked to submit another credit check and sign a document about data protection last summer.
Unicredit bank, who the mortgage is taken out with in the contract have suffered as a result of the credit crunch and they may now not be willing to go ahead with non-status mortgages on this property - I presume the hold up is with finance.
I am planning to go out to Hungary in March.
Have you seen the final contract and given your approval for the contract to be signed?