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MAKE MONEY: BUY SPANISH PROPERTY FOR INVESTMENT
Jack Pot / 2012-05-19 10:30:03
It is now, undoubtably, the best time to buy property in Spain as long as you do your sums correctly and choose the right property.
Below market value property is nearly always a good investment, but when considering which property to buy, you should ask yourself which market you are comparing the price to! For example, many banks who are trying to offload their real estate assets are quoting the discounts from 2008 prices when Spanish property was at a near all-time high.
The truth is that it is almost impossible to guage the true value of property in the current turbulent market, but generally when property investors cosider purchasing overseas, it is for investment puropses. With that in mind, the following properties which are just a 5 minute walk from the La Zenia Boulevard (which is set to employ over 2.000 people) may be taken into consideration:
2 bedroom, 1 bathroom detached Marbella, private pool - EUR 129.750,00
3 bedroom, 2 bathroom, semi-detached house, communal pool - EUR 159.950,00
2 bedroom, 2 bathroom duplex, communal pool - EUR 124.950,00
When you buy a Spanish property you do so as a buy to let investment with the intention of making a regular income from renting out the property. Spain is still and always will be one of the world's top tourist destinations and with these three properties being situated just 5 minutes from glorious sandy beaches and 5 minutes walk from a comercial centre which is set to create employment in the area for over 2.000 people, both the final sale price and rental income are expected to be strong.
Tags: Spanishproperty, Propertyportal
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