There are two exit straegies to my mind,
Flipping a good located unit, as it has a long build time.
Sit on it for a mid term investment and either sell or refinance it after several years.
The market there is growing both in prices, demand and finance products.
1200 units there might look a lot now, but this is a really fast growing market and has all the indicators, with demand for property, stable and growing economy, tourist plans to be a very good market in years to come. Buying now you have the potential to make real profit in years to come.
Yeah if you want to sell right after it has been built and there are still off plan apartments left, then it is a consideration, but.....
There are lots of "yeah buts..." out there: If you can afford one, my advice is that this is a good one
QUOTE=andyintheworld;62859]"Carcola is a really well researched project that offers everything a forward thinking overseas property investor should be looking for."
Except an exit strategy....
I like Margarita too and believe there are some excellent investments there. But I dont think Caracola is one of them - mainly due to there being 1200 units planned.
There arenīt going to be any resales for a very long time and once there are resales, surely oversupply of the same types of apartment in the same complex is going to dilute the prices as everyone tries to cash out?[/quote]
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