Hi,
Last week I visited Medina Elvira 23, I am interested in buying an apartment here as Peninsula are offering a deal of 100% finance and them paying all the fees & costs. I would basically not be putting anything into the deal.
But, I would be taking out a large mortgage! So I need to know that there is rent being received by purchasers. I do not want it as a holiday home, it is an Investment. Peninsula told me the variable rental plan was yielding 10-15%. Anyone confirm this? Is anyone in the guarenteed plan? And at what rate, 4% or 5% or no return?!
Also does anyone think the commercial center will be built?
Any help would be very grateful.
Thanks