In 2008 I suspect asking for the impossible!!
All property investments have to be managed.....using your 60,000 € as a deposit on a Polaris World 2 bed maisonette at Condado de Alhama cost 119.800 € ...get a mortgage for the balance
Ready in 2 year....circa 2010
Let it yourself...golfers in winter and family in summer....to make a good return you need to work at it...or use the PW agency
Safe as it is in a modern economy and it is a ' legal' property so money not at risk
Even enjoy the odd week yourself
As good a chance as any other location of getting a very good capital appreciation in say 10 years.....circa 2018....8 years after you buy
Nothing is certain in property or life........but for your money this is perhaps as good if not better than anything else
We are in a credit crunch....so safe bets are the best.....long term Spain has the life style which is easily reached by most of northern EU and Russia etc .....so when property markets world wide start moving again....say circa 2010....Spain will move with them
I back my views with buying in Spain....but do not expect profits until 2010
If anyone tells you that they will guarantee a rental...it is built in to the price!
No one can guarantee capital growth!
Condo's are not proved as an investment outside USA
Part shares are just...big timeshare....resale market not proved in EU
if you buy in the best locations for ' life style buyers' then you are buying in a location where there will be ' a demand' when the time comes for you to sell!!!
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