Quote:
Originally Posted by rowlandsbb
Has not this thread told you everything you need to know!!
There has been a lot of bad press about Spain and most of the problems have arisen where people have bought ' on a hope and a prayer' that planning permits will be granted ' at some time in the future'
In the current economic climate in Spain EU and World and in particular with the government getting very difficult about changing rustic land to urban . it is all a touch' risky'!!!.....to much for my money which I can invest elswhere and still get a good return and be safe.Paying money to anyone on the hope of getting planning is just ' one great big risk' even more so where there seems to be problems and changes over bank guarantees for your money!!!
Clearly,if 'everything' works out in a few years time, then great but 'hope you are a person who enjoys a punt'!!....the odds may be better on the FAP in the National
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All investments come with risk and usually the higher the risk the higher reward, as long as people are fully aware of what they are getting into.
However this thread is not about debating the nature of risk association it is about the development in question. And it has certainly not come close to answering all I need to know to make a fully informed decison on a higher risk investment in fact if anything it has raised more questions for me. Which is great because in finding answers to these questions I will be abl to make a better decision.
I believe Andy has answed the question regarding the bank guarantee. So I don't see any "problems" here.