[toupeira]

Hi all, I am new to this forum and catching up on a lot of posts Simon Eaton comments in one of his posts about hoping to replicate the Marbella returns on investment via his investments in Brazil I would like to point out that I have not been able to establish what the return is on investment on any kind of property in Marbella I have seen prices as shown in the windows of estate agents at hugely inflated values but as far as I know there has never been a statistic produced which gives accurate figures. I am only commenting on the time period Simon quotes seven years. Not on the overall property boom were for example you bought fifteen to twenty years ago and been lucky enough to sell when property reached an all time high. As of today The agency books are full to saturation with properties for sale some of them having been there for at least 4 years. Anyone who has kept an eye on property investment in Spain but in particular Marbella would know that the only people making a "fast buck" are the developers and quite often illegally, some of whom are now paying the price for their dodgy dealings. Unfortunately the man in the street has had to pay the price with many investors having their homes bulldozed. I only hope that Brazil is not following Marbella along that path. Marbella does seem to have a profusion of "developers" offering plots for sale in Brazil though. T.