Quote:
Originally Posted by Pippin
Sorry but this is nonsense. In the present market you would be lucky to het 20% growth in 18 months.
Do not be fooled by promises by developers that they will resell for you.
We have heard this many times and know of many people who have been left with apartments they cannot sell and cannot afford to pay the mortgage on.
Make certain you are very very sure that you are not being led up the garden path by greedy developers and their equally greedy agents.
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Hi Sue, Sorry I missed out the vital part. 20% down payment and 100% return on this amount over 18 months. All backed up by surveyors and valuers and a separate agent to sell the apartments before they are finished and are sold on to locals. Different story to those horror stories. For your info I bought five villas and am selling at 150% of bought value after 2 years and a deposit of 17%. Its just a matter of knowing the right people.
Just do what your gut instincts tell you. However I have not made any mistakes.
I also have access to a guaranteed rental and growth financial plan, no not a false one but backed by a European ins co.AA min rating. This will be available for a few projects coming up in the next six months or so.
Invest well
Tim