Quote:
Originally Posted by OPH
Adrian
Whats wrong with Caracola? and back up what you´re saying with figures please not just sweeping statements.........
Caracola is SIPP compliant, tax efficient, carries a minimum 7% guaranteed rental for 10 years backed by fidelity bond (increasing to 8.25% after 5 years if occupancy stays constant) and has a 70% LTV mortgage available...............with entry as low as just US$41,000 or 20,500 GBP, its probably one of the soundest and secure investments around at the moment!
Back up your sweeping statements with facts please!
OPH
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what you have to understand those guarantees are not worth anything.
Venezuela has a currency control, you are not aloud to deal with any other currency then the bolivar. the official rate of the bolivar is 2100blv per 1$us,but the black market rate goes up and down right now the black market rate is about 3400 last year it was about 6500blv per $. you could check out the daily black market rate at controldecambio dot com and click on Dolar Paralelo and click on dolar paralelo.
If you want to invest in magarita you should do it when the exchange is high that happens usualy every year a few months before crismast, due to the fact that there is a high demand for the dollar. In venezuela it's illegal to have any type of transaction or contract in any other currency but the bolivar. So when your guaranteed 7% it's not on the price you paid on the unit in GBP but on the amount in bolivars, which if a 1000 000 blv today it's worth 20 000GBP in six month in myth be worth half.