EUR 60,000 to invest - Page 2

Chris in Spain · #11 01-06-2008, 01:05 PM

Quote:

Originally Posted by BrianC

From an inheritance I have the above sum to invest.

I am looking for an investment where I have a fair chance of doubling this in a 5-6 year period and am fully aware that this will come with an element of risk.

I am not looking for a lifestyle property or somewhere to retire to and frankly I´d be very wary of any place that was promising 30%+ growth per year.

Ideally I´d like to buy outright and have the property let and managed with minimal input from me.

Suggestions?

You should consider carefully the location of your investment. Easy and economical access to your property is a consideration, even if you have engaged property managers. I am resident in Spain and active in the construction and property industries. At the moment the Costa del Sol is throwing up some superb investment opportuities, although you would need to borrow to acquire. Our organisation is acting for several distressed sales e.g. Fuengirola 2bed/2bath luxury penthouses, fully furnished e150,000 requiring only e10,000 deposit. In Almeria the same, at e200,000 with up to 100% mortgages available. All these come with a 3/5 year letting agreement with owner use for 30/60 days a year. Inland Andalucia does have properties for outright purchase for the sum you have mentioned, although most would require some sort of update/reform. Hope this helps Chris.

rowlandsbb · #12 05-07-2008, 09:13 AM

A lot of offers about but all marketing offers are reflected in the price.....100% mortgages in a world of a credit crunch does raise a few questions!!!!.....guaranteed rentals the same....just look what is happening to inner city flats with same in UK!!

At times lilke this better to play safe and look for good location

with £60,000 to play with in Spain you will not get very much which is good quality....better to say get a 50% mortgage and there are still some good terms available

Buying and having rental managed for you and giving you a good return is , in general, not available, whatever some agents may say!
If you are buying for a bit of life style use and want a medium to long term return ] [part capital growth and some rental] then Spain is as good as anywhere but only in the good locations[ for best lets close to golf, beach bars etc]

But you have to handle the rentals yourself.....bit of work but can be done

A realistic approach !!

bloss · #13 08-07-2008, 09:31 AM

hi

do u have an email where i can send you details about this concern of yours? i may be of help

thanks in advance & hope to hear from you soon

willy01 · #14 08-07-2008, 11:03 AM

Quote:

Originally Posted by The Soup Dragon

Hi Investy. Last time I looked Churchill Overseas were offering circa 50% net over 3 years with the Yorkshire BS.

I think I've come accross another in the past through TheMoveChannel, though didn't look into it.

Know Goldberg Global have some guaranteed return offerings, but I don't know if your money would sit in a bank account as described in (1) further up or would be more like description in (2.)

Would this be in Disney land? can you send me the link!