1) developements over the course of the build out have price increases.
Therefore buying now will be less than buying in 18 months.
the difference between these two figures is profit, if sucessfully flipped
2) there are several banks making moves in this area for exactly the reason of offering mortgage finance to overseas owners, like they did in Dubai, like they did in Dominican Republic, and like they always do in markets with growing residential tourism- They like to see it happen before they start offering alsorts of products, but they will
3) going in early, you have to satisfy yourself with SOME of the questions you are asking, however offer the better returns
Quote:
Originally Posted by andyintheworld
How can you refinance these?? There are - as far as I am aware - no financing options available to expatriates anywhere in Venezuela. But if you know of any - Im all ears!!! - As long as its not "developers finance".
Also, will people really pay a premium on the developers price for a well-placed unit before the project is complete? I´m not sure "flipping" is going to work in this instance - BECAUSE of the long build time and high quantity of units.
Last Winds resort looks like its going to have similar problems for investors.
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