Hello,
I am looking to invest in property and I having difficulty deciding what to buy and where. I have bought and sold some properties in the past, some of which have been successful and some not so successful. It is more difficult now that the market has slowed down. I am looking at buying off plan and I have my eye on a development.
2 bed flats are available and the company who is offering them states that it is offering them at a 15% discount, and they will be valued for mortgage purposes at the full amount, effectively meaning that I will not have to put down a deposit. The rental income and the mortgage will be roughly the same but the area is said to be improving rapidly. The deal is great if everything is true.

What I?m concerned about is how can I be sure that they are not overpriced and that there really is a discount and that the area is likely to improve. I have looked at some information on the net which shows that the area is not a bad area and that house prices have moved from below average for the city to above average for the city over the past year or two. Actual house prices are lower than the development but new build always seem to be higher don?t they ?

I would be grateful for any advice anyone could give me. Is it worth buying new property at the moment for investment purposes ?
Thanks
Malachi

Hi Malachi,
I've worked in the property business in M?laga for 6 years and your right in saying that the market has slowed down incredibly over the past twelve months.

From your query I cannot decipher where it is you are prepared to invest.

Just so you know, just every so often there's still great investment potential for off plan property in M?laga but it's a case of really knowing where future investment is planned (e.g.: where councils have allocated future funds) and keeping your ear to the ground.

Our company specializes in providing large investment opportunities, quite often they have secured finances (sometimes this in is excess of 100%) and we recommend maintenance and rental professionals as needed.

These larger investment packages require investments in excess of two million, therefore for us, more than the average company, our clients are seriously important to us and we greatly value our relationships; as a result we tell it as it is. Sometimes the truth is not welcomed initially but it is important to us that our clients remain happy, long after a purchase.

Recently we have sold single units on developments where we have secured prices below developer price or amazing value finance options. We like all our choice of property to have a good potential to value up. Should you choose to invest in this region, please do not hesitate to contact us.

Good luck with your investing
Marc