QUOTE (freeman @ Nov 13 2007, 01:07 PM)

the paradise golf and Beach resort apartments, profits for rental are being quoted at 13,000 Euros per year for an investment of just 30k, it all seems to stack up if correct.
Freeman, this yield cannot be correct. Beleive me Ived spent years looking for such yields, they do not exist. Developers have no idea what rental will be. Big developers like Fadesa only promised about 3% on the Magnum properties in Saidia. Fadesa have a reputation so have to be more accurate than tin pot developers.
Think also about REPATRIATION of funds. Saidia developers Property Logic are setting up a system which they claim will make repatriation straightforward.
Otherwise you or worst still your next of kin could face a wall of never ending red tape. Saidia will have onsite lawyers assist with future sales matters. Theres more to investing than a cheap price