Isn’t property investment in a good tourist destination good?
Feb 24
I believe property investment in specific locations is good because investment is not a short term task.
Just look at how much property investment has been done by Russians by the Black See, lately. The amounts they spent are unbelievable.
I am against not investing at all because, more recession will follow.
Best tourist destinations like Tenerife or the Caribbean will not lose their attractions. People who rather spend on prime holidays will always be around. If less now than more later again….
How do you feel about all this?
salam kenal
Tenerife or the Caribbean will always be around.
If you do there are 2 major things to consider…1 most important do not buy sight unseen. Even if you deal with a well known, 1st class realty company they are are mainly interested in making a sale and if you don’t see property in person (not the brochures, pics, etc. they may send) but stand there looking at it. If you can spend big $$$ on investment, invest for a ticket to see it 1st. Make no deals or give any money without full knowledge.
Go there and deal 1st hand after you do some internet homework.
2 you need to know the property laws, taxation, etc. of the country. One of the most important ?’s is Why is it for sale?
Good luck
I really like your blog and i respect your work. I’ll be a frequent visitor.