thread : purchase for £70 a month
We would be fools to not admit there has been a slow down in sales of our beach properties.
Atlantia has over 5.000.000 m2 to build over the next 7 years but not all of this is second residence or beach properties. Some are for customers who need a property to live in and this is a finance method for purchasing a property we have used before.
All we have done is lower the threshold to purchase. The prices have not been reduced and on mojon hills there are approx 650 properties of which we have around 80 properties left in total. Bearing in mind most of these remaining properties hand over end of 2009, this amount cannot be considered worrying.
Before the property market began its BOOM, it was normal to pay 50% of the purchase price before construction started. As more developers came on board, this amount reduced to 40%, 25%, 20% and 10%. Now, with a slower but not dead market, helping potential purchasers buy a property with a fixed fee until completion is the next step. This also happened in 1992.
Oscar
This message was last edited by oscar0802 on 2/25/2008.