JAIABEDO,

I am using figures provided by posters on this forum. Let's ignore the posting by Ourhomealgarve who can furnish your property for 3,500 euros as opposed to the 24,000 euros being charged by the developers. (I accept you get what you pay for, but 24k is ridiculous, especially as on a rental property you may well have to refurb every 5 years or so, i.e. you need to set aside 5k per year for refurb.).

However, jaycee posted, "Imocon intends to deduct marketing and commission costs from rental income before the 60/40 split".

Whatever, my figures are far closer to reality than the b'@[+*&^t you were fed by the sales rep. If you complain, they will tell you that nothing was guaranteed in writing, the global credit crunch has changed the market etc.etc. Bottom line - they told you what you wanted to hear to close the deal. A modicum of research on supply/demand/rental returns would have shown you that the 'promised' returns were totally unrealistic.

I love the Algarve - grabbed a quick 4 days last week thanks to Easyjet's deal of £39.98 return, but why on earth would anyone pay 2,300 euros a week for a 2 bed apartment (not on the beach) when you can book a peak season (August) week in a 3 bed, 2 bath, detached villa, with private pool, sauna, two terraces, barbecue, grape vines, fig trees, pomegranites etc. on a 2 acre plot, 10 minutes from the beach, 2 minutes from 5 star golf for little more than half that amount ?.