I see by the number of other posts here that you seem to be alone in your pre-conceptions of what constitutes investment. I agree that high risk CAN get high rewards, just in the same way an each way bet on the Grand National outsider at 500-1 would probably give better winnings if it is placed, than the favourite at shorter odds. I would imagine you are a gambler on penny shares as well, where the same theory applies. But gamblers usually only tell about the wins and ignore the number of losses. Safe investment may be boring, I agree, but HarveyD, please do not say that Crazy Gambles can be a "prudent" investment. It will always be a crazy gamble that paid off. You have no concept of my capabilities as an investor or advisor, so perhaps it is better not to make derogatory comments without first hand knowledge. My opinion remains the same, but I hope all turns out well for all investors here, with their unswerving faith in what has been described as a gamble with high reward possibilities.

__________________
Michael Bush
e-mail mbush5@aol.com
http://www.thecompletepropertysolution.com
skype name michaelbush

Listen matey Bush, you clearly see yourself as a competitor to JDLR and thus have a vested interest in talking it down. Are you an investor in JDLR? No, of course you aren't. You are here to "enlighten" poor, misguided "punters" ... how very, very kind and altruistic of you. But now that you've done your good deed, why don't you take your risk-averse altruism and stick it where the sun don't shine, alright sunshine? Or better still, maybe you could tell me of a thread where you actually *do* have an interest, so that I can come on it and talk it down? Hmm? Jeez, the nutters one has to deal with!

Taken from your tacky website Senor Bush:

Ooh, cashbacks !!

Ooh, 100% mortgages !!

Ooh, developer pays first year mortgage costs !!

Such tacky, tired, old-school sales techniques ... you look like a Spanish property dinosaur Senor Bush. You are happy to offer bullsh*t sales ploys to your "valued" clients but when a real project comes along, one with real vision and meaning, you are threatened and have to trash it.

How pathetic.

Now get back to your tacky, old-school website, which I'm sure is just heaving with clients !!! LOL !!!!

Hey Bush, I see you like Porto dos Corais ... Well, guess who's also bought there, a C villa no less ? Yes, I have. And guess what? JDLR will still be a better investment than PDC, and the latter will be very good.

Bet that's confused you, Mr. Safe-As-Houses !

Confused? Why? At least you will get your house built! Unlike the other over ambitious projects, like GNG and Ma-Noa, and Lagoa do Coelho. I was there today as a matter of fact, and you will be pleased to know that a
large number of workmen were on site! Thanks for the publicity for our offers of 100% mortgages etc. these are available because the banks (bless them) still value today at values very much higher than some builders are selling for, because the builder needs to recover capital for the next venture. All our offers, I believe to be safe, do not involve risk, and hey- will keep our clients happy!
Please do not be offended by opinion that does not concur with yours, we all have different objectives in our strategy to make money.

__________________
Michael Bush
e-mail mbush5@aol.com
http://www.thecompletepropertysolution.com
skype name michaelbush

You are splitting hairs now with the definition of greenbelt. Sorry, but it is NOT greenbelt.

And of course all land in the world needs planning permission, but that requirement is no more particular to this development than any other- apart from the fact that there has been a lot more work behind the scenes with this one than you seem willing to recognise.

Likewise, distinguishing between the definition of 'investment' and 'gamble' is totally subjective and influenced by whether you want to portray a project in a good or bad light. Simply put, ALL 'investments' be they shares or your own residence are 'gambles'. Its a question of degree.

And why oh why are you referring to the Valencia land grab when this development is NOT IN VALENCIA?!?

I understand this is a gamble, but unless the developers are a sham and about to disappear off to Brazil (which is the gamble) then as gambles go, its not too bad a one given that the value of the 'greenbelt' land is more than the monies received for plot deposits over which investors have a charge.

This may or may not come to fruition; but Im looking for more informed opinion than that which you have offered so far.

Does such a thing exist on this board?

I know by my friends that Spain market is going to end..

or maybe, deals are going to end

it's a young market but already too exploited

And I know that the world is going to end.

Someday.

But not today.

Or tomorrow.

Just like the Spanish property market.

Any more profound observations T3NAX ?

Spain is one of the States that are tourism-natural, historical and cultural.
It is one of the Mediterranean States, the most beautiful and wonderful atmosphere in the world.
And real estate in Spain is still cheap for Europe.
But perhaps the current decline is due to a rise in the euro and the problem of mortgage in USA.

Agree but that does not mean that you should buy on a development which does not have full permits....see TV Homes from Hell of those who have done just that !!!

In 2008 if you buy via the right agents and ' even if you do' you make sure that all permits are OK you will not have any problems

The basics are:
All permits
Pay your deposit and get a bank or insurance company guarantee for your money- no limitations
Do not complete without the 'Licence of first Occupation'.....Habitation Licence
Then it is the same as buying in UK

And you can still in this EU static market and low exchange rate still find some good legal deals in Spain

Of course for life style buyers the reasons for buying in Spain are just ' better than anywhere'!!!......perhaps that is a touch personal!!!

__________________

Brian Rowlands BSc FRICS
Chartered Surveyor & Overseas Property Agent
www.bbspanishproperties.co.uk