30 Mar 2008 7:16 PM:
Just arrived back after a very productive visit to the site, also had a meeting with a couple of staff from the management company dealing with building works and mortgages. Im convinced if there is not a sudden upturn in the exchange rate in the next few months the best option for me is going to be a short term spanish mortgage, have looked into various options offered by the finance department and as long as I meet the normal requirements, ie same as the uk there shouldnt be a problem raising the funds to include enough to cover the first years repayments , the property is now worth a lot more than i originally paid. I mentioned about letting out my villa and It looks as if the rental side of the business is being launched ready to start for early next year although they are targeting owners on later phases and also agents with new clients to rent on the earlier phases when they go over to visit rather than staying on the coast or in hotels, i suppose this is only to be expected as i cant see any holiday company wanting to send their customers to a building site for a holiday. They will advertise anyones villa free of charge but will give priorty to their clients with service contracts first, which i suppose is only fair in the long run. The site is looking great lots of activity there must be well over a hundred houses now coming up, there could be more but unable to tell as we were restricted to just going to the show house. Hoping to get back over the end of next month all being well, will keep you posted. Adrian
Community thread:
Work vehicle required.
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