Property Abroad. Times they are a Changing
Over the last 2 years the majority of property abroad for sale has been pre-construction developments. Especially Spanish property .
Recently the tide has changed. More investors of property abroad are converting back to the way property was purchased before and opting for the traditional property. Which is the better investment right now? Is it the off-plan investment property or the re-sale traditional property abroad?
PR9.NET December 11, 2005 - Most people arrived abroad with a view to buy a traditional property in a quaint village. Only to be sold on signing for a hole in the ground! 18 months later they found themselves in a property abroad much smaller than they expected with barely enough room to swing a cat. With a poor build quality so much so that they could hear the neighbours snoring in the evening ! However the investment potential made it all worth while as the value of the property abroad had increased substantially over the 18 months up to completion. The difficult part has been to sell the property on as so many completed at the same time and supply has out weighed demand. Many buyers didn't plan to keep the property long term, it was purely an investment but as the newly built properties flooded the market with high price tags, many owners have been stranded with property abroad they don't want, can't use and in some cases can't afford.
According to the team at http://www.d2rworldwide.com .Until the inflated prices come down or level out this has left the current investor with 2 options
Buying a resale traditional property inland with more space or buying a current pre-construction property abroad which will end up being smaller than the last batch which could harm the cat once again.
Although most buyers are opting for the traditional style right now , both options have their advantages. The bottom line is what do you want from your property abroad?
Would you like a holiday home for the family with lots of space and lot's of good times? Would you like a traditional Spanish way of life with laid back days and Rioja on the veranda? Do you prefer a "what you see is what you get policy?" Would you prefer the safe long term average but steady secure investment?
If the answer is yes then it's a traditional resale property abroad all the way for you.
Would you prefer an English community? Do you want security gates with 24hr protection for the family? Do you want to be close to or on a golf course? Are you thinking about short term visits? Are you happy to share your garden with the neighbours? Is the investment more important than the lifestyle experience?
If the answer is yes then it's a pre-construction property abroad for you.
Contact Robert horwood for more insights into this topic.
Direct line:0034 677 564 890 Email: firstname.lastname@example.org
Other helpful information regarding the event can be found at: http://www.d2rworldwide.com.
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