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Bull jumped into a crowd in Spain |
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A bull jumped into a crowd of people and trampling numerous spectators last Wednesday in Spain. |
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ITV’s X Factor and Britain's got Talent reaches Costa del Sol Marbella |
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Alexandra Burke, Diversity and Jamie Archer to perform this week in Puerto Banus Bullring... |
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U.S. First Lady Michele Obama and her daughter are enjoying of the Andalucian hopitality |
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Marbella, Granada, Ronda & the Beautiful Malaga are getting the presidential seal of approval |
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100 Percent Mortgages Available in Spain |
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Dont Miss this Opportunity to own a Property in Costa del Sol Now Discounted up to 50% |
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| Lifestyle & Real Estate News |
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You Can Profit From Spain?s Distressed Property Market
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| Spain?s property market has seen developers collapsing; excess supply; off plan purchasers... |
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Should you consider the distressed property market in Spain as an opportunity or something to steer well clear of? The quality varies but the depth of the stock from individual villa properties to entire developments makes for a very dynamic market.
Spain?s property market has seen developers collapsing; excess supply; off plan purchasers being unable or refusing to complete and screwball valuations.
The world?s stock, commodity and share markets are collapsing. We should be more hands on in terms of assessing risk for ourselves, seeking out opportunities and seizing those prospects that tick our boxes. Remember a shares? value may be completely eroded but a property will never be worth nothing.
OK cards on the table ? all else being equal as an investor in property what are you looking for: Security ? an assurance that my property is not going to be repossessed or bulldozed; A fair wind to an exit route in a few years after bagging an appreciable capital gain; A bolt hole from the ?English summer? ? would be nice and, in the interim, some yield would be helpful.
Town Halls all over Andalucía are charged with the responsibility of cleaning up their act, assessing those developments that are legitimate ? or which can be legitimised ? and bringing certainty back to the market.
Crystal balls aside, we are confident that over time a purchase of a well located, well constructed and consistently desirable property on Spain?s Costas should satisfy the capital gains aims of an investor purchaser. Some rental activity ? off the back of well run property and rental management - and some family use should contribute to delivering a yield that should have the effect of ?wiping its face?.
Ideally the property should be located no more than an hour from a major arterial airport ? which should be large enough in terms of its own planning to ensure that the carriers will continue to run a cheaper priced service.
We have just published at www.distressedpropertyhandbook.com an e-book ?A TRG Handbook: Buying Distressed Property in Andalucía?.
We explore the various ways of valuing property in Andalucía, the wide variety of sources of ?distressed? property, the manner in which it can be bought and the pitfalls inherent in its purchase, the wary games that need to be played when dealing with the sellers of such property and the compelling arguments as to why it makes sense ? but only if the price is right!
Mark FR Wilkins
mark@therightsgroup.com
www.therightsgroup.com
+34 600 343 917
© Mark FR Wilkins 2008 (Marbella)
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