21 Feb 2008 12:00 AM:
My wife and I are interested in a Rosana contract from anyone who bought early and now want to offload for whatever reason.
Whilst we very much like the idea of Finca Parcs our view is that there are 620 villas to be built there, “50-60%” have been sold of which one agency/website alone has 44 re-sales listed which is a worrying 15% of the total sold so far with another 300 villas coming to the market in the next 12-24 months and that doesn’t include the hitherto undisclosed 100+ 2-bed properties that will be built there. I have monitored this development for several years and since then there has become so much uncertainty in property markets worldwide and in particular the UK, USA and of course Spain, which now has issues of oversupply, scare-stories (some valid) and the incredibly strong Euro to contend with. I believe the pricing was set by the developer about 2 – 3 years ago and obviously things have changed globally in the meantime. As such I personally believe there needs to be a correction for the prices on offer since this is an untried scheme/idea and whether it can sustain a rental market or residents community is open to question and unquantifiable risk. Whether this correction is initiated by the developer or the end user via the subsequent or current resale market I’m not sure, but I believe it is necessary. In short, if you have a Rosana to offer, pleased pitch your asking price sensibly to me via PM.
Steve
Community thread: HOW TO CLEAN WHITE LEATHER SOFAS
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