Darren, do you have a source? I have been offered (for clients) 70% draw down mortgage at 6.5% and have maintenance costs quoted per square foot - amount to less than 1%. Saw your comments earlier regarding variations in currency exchange rates (with which I agree), but past performance is no guarantee of what will happen in the future. Nice holiday home though!
I have been speaking to developer is 50% mortgage for foreigners, the rates, I have not quoted. Yes, it appears I have been, wrong they broker down the figures and the yields after deductions appears to be around 7.2%. The whole deal hinges on if the payments are made in HARD currency or SOFT currency. eg. Sterling or Malaysian Currency. If it is in Sterling ok, this is the real deal. But if paid in local currency your real returns will be minimal lower than inflation. So we shall see.
|