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Originally Posted by greg
Wow, I would definitely NOT go for such a risky investment! Planning permissions are under big scrutiny in most areas in Spain... Especially after recent Marbella scandals...
Have you ever tried going to court in Spain?  Not as easy as it sounds "money back guarantee"
Sounds idyllic, but from what I hear people who move inland aren't really looking at resorts with fitness, helipad or spa....
What do you get for 70K? A plot? |
I agree with all of the previous comments.
First rule of thumb is why would anyone buy there? Not sure of the answers from the description - is seems to be in the back of beyond, which is why the land would have been cheap.
I also think you need to do due diligence on the company offering this 'opportunity'. Have they run similar schemes before? Can you speak to the happy investors'?
What guarantees are there that the land will be re-zoned? What happens if it is not - OK you get your money back but from whom? There are many stories down here from people who have waited a year to get money back and many others who just never get it.
All I am saying is that unless you are a very experienced investor with a strong network of like minded contacts this is not a good scheme for a first entry into the marketplace.