Based on the information provided on this thread and the advertised rental rates I've been looking at the figures, and as an investment it just doesn't stack up. It appears that the advertised rates are around half of what you were 'advised' by the selling agents, and even allowing for discounting to attract customers in the first year, I don't see doubling the rents in the next year as a viable proposition.

Lesrt's look at some figures:

Purchase price - 240,000 euros

Purchase costs @ 10% - 24,000

Furniture Pack - 24,000

Total cost - 288,000 euros

To get a 5% return you will need to clear 14,400 euros per year.

Advertised rental rates for a week in August: 1,338 (ignore the fact I can rent a luxury detached villa for this amount).

Less 25% marketing costs leaves - 1,003, of which you get 60% i.e. 602 euros, less 55 euros maintenance = a grand total of 547 euros before tax,
and that is a peak season week; a little less than the promised figures of well over 2,000 !.

Best of luck to you all.