Investy
Surely buying anything where you can not first visit the location and then do follow ups is not an investment but a gamble ....even if the presentation is great as that in itself is no guarantee that the development exists.....photos can and do give false impressions
For property investment you really do need to be face to face
I know that people have bought and sold with a profit off plan . no visits and just from the internet but that is not investment just a good old fashioned gamble!
Even if the professionals involved appear good...it is still a gamble
Nothing wrong with gambles if you can afford to take a loss but I suspect with the world wide credit crunch a lot of ' gamble ' type investments in property will get into difficulties
Seen it all before!!!!
With regret a lot of inexperienced ' property investors' will get burned....not just in the Far East, Dubai Egypt but closer to home in Eastern Europe...and even in UK France and Spain in certain sectors and if you have bought to ' flip' and can not afford to hold
In times like this you buy in established markets with good research and that includes UK France and Spain...be selective and you will have a good long term buy.....and it is easy to establish that the development is not a ' con' or just a bad deal
Last edited by rowlandsbb; 28-04-2008 at 04:56 PM.
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