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The US venture has better prospects but you need to think like an investor.
Holiday rents in Florida can be not worthwhile and I often hear the costs never end (pool ez payday loans locations stops working etc etc). Better to buy in a US city such as Atlanta and get year round rent or Toronto (Canada) with underground lift access to avoid snow pile ups. Its right on your doorstep and like London 15 years ago. The Canary Islands have always been a region where good rental potential is available. Also now the Cape Verde Islands are well worth looking at as most developers are offering guaranteed rental contracts to all buyers. Guaranteed rentals are invariably factored into your purchase price. So, you are paying over the odds to get your own money back, on which you may be liable for tax!. In most areas guaranteed rental bad credit personal loan companies returns are built into the sale price, however with Cape Verde this does not seem to apply. The where to get a personal loan with bad credit islands need to increase their tourism to continue building their economy and with a greater range of developments coming onto the market every month the developers need to compete. So as one developer started offering guaranteed rentals to entice buyers all the others have started following this trend but without a noticable price hike to compensate.
This can only be good news payday loans springfield mo for the schrewd investor.
On site rental agents of the highest calibre are insisted upon by the Government. Whilst I appreciate there are some good development in Cape Verde - nothing comes anywhere close to this and the same can be said of Spain and Portugal. I dont like flash but this place will definately keep many people attracted all year. Imagine everything you could possibly want in one site come rain or shine.
I looked at Cape Verde some time ago and noticed more and more offerings having guaranteed rentals. In my bad credit personal loan companies opinion, the most upmarket resort at the time had comparable or even lower prices than those that emerged with guaranteed rentals. That was around 2 years ago and the development was on Santiago Island, not far from the capital.
On a gentle hill, perhaps a kilometre from the ocean, the site afforded terrific views over 2 or 3 golf holes and onto the ocean. Having in bad credit personal loan companies mind temps of economical development of new member-states of EU, the biggest potential for money back investment is in Bulgaria.
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This company has the responsibility to make all the infrastructure across all the islands. Those that came along about 2 years ago with the guaranteed rentals were more expensive and I see many are still on the market. One of the positive notes from my research was that expats from the Canaries were upping sticks to the Cape Verde islands. That was a while ago though, the timing might not be as good now. The best place for information I have found on the Hurricanes is ezpayday by doing a Google search Cape Verde hurricanes and then clicking on the link through to Wikipedia Cape Verde Type Hurricane this shows all the major hurricanes that start in the area and where they went.
This is why now some of the large resorts are offering the rental guarantee. This is also being offered because of the increasing demand by tour operators for beds especially on Sal. The tourism industry in Cape Verde is increasing rapidly. Of course, most considering buying will do their own research as to where they feel prices are going. I think I would have taken the plunge if any of the front line golf properties had been available and the pound strengthening against the dollar would have reduced the cost for me. Still, most of us have kicked ourselves at some point for talking ourselves out of what were very good opportunities. The islands are VERY economically and politically stable since gaining their independance from Portugal in 1972.
All their laws and buying processes are still based heavily on the Portuguese legal system. All contracts of purchase are drawn up in Portuguese and English making them easily understandable for English purchasers. Before instructing a client to sign their contracts they will have performed all the necessary checks to make sure that the developer a) owns the land b) has the necessary licences c) that the developer is sufficiently cash rich to be able to complete the project. In some cases the developers offer bank guarantees or payments can be made to a lawyers escrow account. So sufficient safeguards are in place for prospective purchasers to feel safe. The figures I quoted are official government statistics for the years past since development hit the islands and their forcast for the future. I know it seems incredible that prices will rise by these amounts but the government are confident in this.
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The culture here is second to non and a great place to meet the locals and mix with them. The airport in Sao Vicente is also very near to being completed to international status and they hope that sometime next year direct flights from the UK will arrive. We tend to promote the islands as the new Caribbean into the UK market because they are the best example, weather, beaches, sea and people all very similar. My wife and I have spent a lot of time in the islands over the past couple of years on business and I have to drag her back to the Canaries everytime kicking and screaming, she would move their tomorrow but unfortunatly for me and the business it is not viable....
We got married in the Caribbean on St Thomas and go their every year for our anniversary and she still prefers Cape Verde, mind you she hates flying so this could be one reason. The problem is nothing in life is easy if you want to make money you have to work at it.
PLEASE PLEASE CALL ME IF YOU HEAR OF LAND THERE FOR SALE. Forget the Kent flat, your too late, all the easy money has gone and the B2L market is seriously crowded. Furthermore you should know many lenders have stopped lending on B2L new build property as there is mass over supply leading to high repossession numbers (ie whole blocks come to market all seeking tenants so rents are driven down).
UK property does not pay for its self as you imply - I know as Ive recently sold my B2Ls. Work out the cost of your deposit (ie loss of potential savings interest or if you borrowed the deposit the cost of that borrowing),plus the mortgage cost plus quick personal loans bad credit your maiantainance, accountants bad credit personal loan companies fees, the odd repair or rat removal etc etc.
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There is strong demand for housing from the young, urbanising workforce. However, property prices are very low so when the country does stabilise I think property prices will multiply. Overall, I feel that property in North America, Europe and Australasia are overvalued and that stockmarkets are fully valued.
You have had some interesting responses which will no doubt result in you researching one or two more seriously. I tend to agree with Eastern European comments here. Was very intersted to hear that Sri Lanka interests you. I suggest that if either of us find anything interesting there we let the other know! I am interested by the couple comments about Sri Lanka. I am born and bred British but my parents are Sri Lankan and I go back often as we have a family home there ( Mount Lavinia). I am going there on holiday in a couple days in fact and same day loans bad credit direct lenders will no doubt do some property hunting.
They are over inflated by the demand from the rich expat communities in England, Australia, Canada and the US. Outside Colombo on the sea front is definitely the areas with potential and a lot of Germans abd Austrians have bought there.
There bad credit personal loan companies may be restrictions in place n how far one can build houses from the sea front after the Tsunami struck. I also feel that the coastal regions, particularly in the south, have great potential.
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