Jump to content
House Price Crash Forum

Bert Preast

New Members
  • Posts

    6
  • Joined

  • Last visited

Everything posted by Bert Preast

  1. Depends where and what in Spain you buy. Certainly, I wouldn't say Bulgaria would be a better bet.
  2. Well spotted. Obviously, exceptions must always be made for the Irish.
  3. Was the valuer from Tinsa? Tecnitasa? One of the big banks? I still can't see anyone paying 15 and a half million to buy land and a project for a hotel basically in the middle of nowhere. Can you?
  4. I doubt it. Neither Spain nor Morocco has the money to embark on such a project, so the only way it will ever be built is if the EU fund it - and I can't think of any good reason why the EU should want to.
  5. Interesting. I had a look at Bella Fortuna, their first project, and the figures don't stack up. Their valuation puts the price of the plot as €15.5 million - which is frankly having a laugh. Who on earth is going to buy it? Until it's sold, any valuation they give are just numbers plucked out of the air. Value of rustic land in large amounts around Zafarraya is around €4 to €5, so they were expensive even from the outset. There is no way zoning the land as commercial in that area is going to increase the value by nearly ten times.
×
×
  • Create New...

Important Information