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GASMAN

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About GASMAN

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  1. Desert Knight I'm glad you're on here... way to many negative posters going over the same old ground..... When will people understand that you have to work to make money....reseach, target your market, negitiate the best price you can get, work out your stratergy, have an exit plan. If you can do all this and think you can still make money then go for it. Dubai is due a rental correction over the next 2 years but thats no state secret. Its overly high due to shortage. Even when corrected the rental figures will stack up way more favourable than the UK I promise! YOU CAN STILL MAKE MONEY IN DUBAI
  2. BARO or should I say mr negitive... you have some valid points... but you can't judge a whole market with one general answer. Even in the UK property booms in some areas and loses in others. There are many more factors than just the countries economic climate. What is your background....have you property in the UK or over seas??
  3. trust me the developer has made a mint a long time before that even!!! You're right though, an exit stratagey will be hard and not easy. Anyone looking for a quick buck and wanting to sell as soon as completed will damage there profit zone because no doubt 80% of the other owners in the same block will do the same. Option 2 would be rent it for a year or so then try to sell. This will have its problems only if you've predicted stupidly high rental yeilds....Many selling agents will tell you that you can achieve 10% and abouve rental yeilds. This I very much doubt, unless you got in there early and bought for a very good price. Expect around 6% yeild to be an average, anything over will be a bonus. I just hope people that bought dont have a huge mortgage on their apartments as the interest rate is towards 7% in Bulgaria. If you can break even and let it pay for itself, then I suggest Bulgaria to be more of a long term investment now, not the in and out quick buck it has been over the years. Try to re-sale on the 4th to 5th year. By then the market will have leveled and you should be getting out at hust about the right time.
  4. Well I disagree... there is plenty of money to be made in Bulgaria still. You just need to have a strategy and know what you're doing. Too many people just seem to have a bit of cash to invest and think its as simple as buying anything and then sitting back and becoming rich. Things to remember: You make you profit as soon as you agree a purchase price. Be sure when you know what you want to buy you know what its worth. Have comparisions and play agents off against each other. If you want to know if a guaranteed rental yeild is worth it ask to buy the apartment without the guarantee and see how much they knock off. This will show you if its a good deal or not. Don't be fooled into thinking a guaranteed rental yield is worth it if you're paying over the odds in the first place. Just take your time.... Never rush, if you miss a deal don't worry there will be others. Better to put your money where you've researched properly. If you want to play safe buy a place in the UK. yeilds are low, taxes are high but in the long term I think you'll be safe. If you're looking for long steady growth than you wont go far wrong. You wont get rich over night but with a ten year plan you'll be fine. If you decide Bulgaria, be careful and have an exit strategey. Plan when to get in and when to get out.
  5. How much is the Le Jardin De Fleur RT2 appts? What payment plan did you get? 40% deposit?
  6. I disagree..... Dubai is and will stay a strong investment. You wont see easy money like before, no more buying and selling a few months later to make bomb. But long term it will last. Compared to the UK market where you'll be lucky to achieve 5 or 6% rental yeilds, Dubai will still give you between 10-12% yeilds. I imagine this percentage to slide as more property becomes available throughout the next 2 years. But even if it slides to 8% its still far better than the UK, and don't forget there is no tax unlike the UK! Dubai will stabilise over the next 2-3 years and should level off and provide a safe sensible return for your money. To avoid problems be sure to invest in the right places in Dubai. The Palm will always be in demand, but if money is a problem I suggest the marina to be a safe bet. Situated right by internet city and media city. Best place to be for corporate lets. Sports City I would avoid.
  7. I was so close to purchasing in Morroco a couple of weeks ago with Tanja but now I have some concerns with them. I've started looking at other developments in Morroco but prices seem to be all over the place. Im finding it hard to compare places and payment schemes. I don't want to commit to much money towards this venture (in the region of 20k-25k max). Tanja had 2 bed apartments for 85k with a sea or golf view, but best of all only 25% deposit required the rest financed via a mortgage. If anyone can suggest what other places I should be considering. Help appreciated....
  8. phatpawz where have you bought and through what agent? Any links? I was so close to purchasing in Morroco a couple of weeks ago with Tanja but now I have some concerns with them. I've started looking at other developments in Morroco but prices seem to be all over the place. Im finding it hard to compare places and payment schemes. I don't want to commit to much money towards this venture (in the region of 20k-25k max). Tanja had 2 bed apartments for 85k with a sea or golf view, but best of all only 25% deposit required the rest financed via a mortgage. If anyone can suggest what other places I should be considering. Help appreciated....
  9. I'm still considering this development... Sitting on the fence at the momment as most of you should....don't get bullied or pressured into reserving one yet though. This is a extremely large development and many units left... I think this needs more research, and more detailed plans from developers. The pdfs I keep being sent just are no way detailed enough. You dont know where the extra swimming pools will be... You only get a rough idea of where you balcony will face assuming they are put on site exactly at the same angle. Also lets not forget this development wont be ready until the end of 2009 or even 2010 depending how work goes. The 10% rental guarantee seems odd??? Why do this when most others are selling and dont offer a rental guarantee, and others I've found who do, only offer 6%. Finally that road infront the development worries me...... I know there is another new motorway behind the development built now, but the road by the coast will still be used. Not as if you can just let the children run off to the beach on there own? To sum up, I haven't ruled Tanjah out yet, just doing more research and watching the news on this development over the next month or so before commiting anything.
  10. Totally agree Soup Dragon. Investments work for both parties. Investers will only buy property if they believe it to be a good financial investment, whether it be long term rental yeild, or short term growth. Either way works for the King as it helps put money into the country as he tries to raise his economies financially. The country will be improved, new roads and trains creating better networking, companies will move into the country to operate whether its corporate or tourism, jobs will be created. Taxes will be paid back into the country helping it grow. Need I go on.....??? Im honest about what I do... Im not in it for anyone but myself and my future family. I'm buying property as an investment as I think Morroco will grow slowely and provide a better investment than here in the UK. I will keep my properties whilst acheiving my projected rental yeilds until I see fit to change my mind. As for now I'm investing in Morroco and I have no problem with others that do the same. I think somewhere along the line you have got personal 'Big Log'? If you think the big developers are there for the good of you and not for profit then I believe you're very mistaken.... Having said that I think everyone is a winner right now. Farmers are selling fields off for 10 or even 20 times what they were worth only 6 years ago...
  11. Biglog? Whats youjr problem with property investment?? And why be on a property forum in the overseas section if you have no interest? Surely you could use your time more productivly? Dogbox, you are right on having to complete the 25% before you can sell. Seems straight forward to me. The benefit is you don't need to use all your capital until its needed for the 25%. Meaning you can gain interest on the 25% deposit in your account rather than the developers. Have you found any better developments/payment plans better in the North of Morroco? Please share if so, any web links???
  12. Thanks for the advice... To be honest I think Tanjah is a resonable safe bet.... You only need pay 25% deposit over the three years. This can be divided into monthly payments, so 36 payments. Very small amounts of money compared to paying the deposit in one lump. Also I believe you can pay via a bond. This means your money never leaves the UK until completion. Basically the bond acts as your contract for the 25%. This enables the developer to borrow money secure in the knowledge that on completion they have your deposit guaranteed. Seems one of the safest options I've seen to date? Anyone else considering Tanjah???
  13. Im currently thinking of purchasing an aparment in the tanjah development from Dreamworld. I went to one of their presentations and I have to say I was very impressed with the figures and how the payment plan works. 25% deposits which can be spread over the 3 years and then a 75% mortgage. This is for investment for myself... Will keep for the 3 years of construction and maybe longer, will decide depending on the Morroco property market over the next 24 months.... Any advice on anyone else whos bought in Morroco, or even bought in the tanjah development. www.dreamworld.com
  14. Any body thinking of buying off plan from dreamworld.com??? they are offering 2 bed, 2 bathroom apartments from 86k in a development called tanjah? Any advice as Im thinking of buying here as only 25% required and over 3 years to pay it....
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