13 Feb 2008 8:31 PM:
truthteller
I appear to have upset you and that was not intended. I am sorry. I did purchase as a long term investment and yes the value has gone down but I think that can be said of just about every development on the Costa Del Sol.
I was not aware that I was dealing with an IFA when I purchased at Manilva. I simply purchased one unit with a view to the income from rentals covering the mortgage and perhaps in the future selling with a nice profit and yes maybe buying another later on. I dealt with a very pleasant young lady who did not suggest anything along the lines that you say. I have however no doubt that what you say has gone on.
I do have a long term tenant and the rental income is not anywhere near what is needed but I am grateful for the little income that it is bringing. The building work in the area will not allow holiday lets for some time I dont think, and that is dissapointing but who can we blame for that.
I am in no way trying to defend the people who we have purchased from as they clearly have made projections that were impossible to live up to.
I have just come back from a visit and am pleased to report just two satellite dishes were on phase 1, no dogs in the pool although the pool was not clear of debris. No burger vans were in sight. I did not visit the later phases and can not comment on them.
I think that I will keep my head down now for fear of causing further upset.
Peter
Community thread:
flax horse bedding
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