Select
[QUOTE=milktrayman;59156]Only a few days old annoucement
As I said you will make money on select ( I believe I will), only your return on your investment will not be as good. I feel I made a mistake here of sorts, although I will still make money there is the potential to make more. Not a big mistake, but in hindsight there was better offers.
How? You are paying 30% (long term plan) upfront with further payments which for the low end studio will be minimal £4000 a year untill the property is built, which is due for mid 2011.
Thats 30% investment + £12,000k before you see a return should you buy.
Would it not make more sense to pay 30% for a property, not pay anything else. The property is also finished a year and half / two earlier from which if you rent out that is approx £7-12k per year or whatever the rental income may be. You obviouslly make a better return on your money, simple maths.
As far as the resales go, you could call them yourself I think you will get a polite we have cancelled resales at the moment. This by the way was pushed to me when I inititally bought, as was the fact the island was built.
Point of interest, was anyone else told the island had already been built?
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