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Hi again,
If you were to buy a 1-bed at around 500,000 it would include the first years maintenance, management is availble at 5% and not even necessary in year 1 as Nakheel will take care of any defects and you will be paid a year upfront.
Therefore 10% yeild is not impossible and EU buy to let mortgages are available at 5.1% with an introductory discount for the first two years reducing it 2.9.%. Is this still a bad investment?
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