Hi Mark and John,
I have a great deal of experience in Fuerteventura, but no other Canary Islands. Things are slightly different to Spain, but not much. My wife and I bought 8 apartments at a run down complex for investment last year, and towards the end of 2007, we have helped six more of our investor colleagues to buy a further 21 apartments on the same complex.
We have assigned a locally based agent (and his extended family) to take care of cleaning, decorating, refurbishment and long term lettings of these apartments.
In October, I rented an apartment myself in Caleta as a home/office, and have made 9 trips over there to register and grow a small Spanish company.
I look forward to 2008 greatly, as I already have orders for a further 7 apartments.
Regarding costs, I have very detailed examples, having had to do the cash flow forecasts for my investor colleagues, and I have used three lawyers and two accountants to date.
If I can be of any specific help, please ask.
Regards, Gerry
