Hi Dan,
I was going to buy last year but pulled out, mainly because my wife had a few doubts, and looking at the way prices are falling now think she was right.
However, it appears to be great development that has been well built and with time will flourish, once the buyers return. Some snagging problems, such as water ingresss around windows, could be easily fixed with mastic!
As for renting out - I think it has more to offer than rentals on the coast, due to skiing in winter months and fantastic countryside to explore in the summer. And, of course, Granada is possibly one of the most beautiful cities to be found anywhere in the World. Don't rely on rental income, but think of it as a life-style purchase. The other thing to make a few enquiries about is 'What is goin to happen to the 'sister' development, and if it isn't completed, how might that effect Balcones?
Anyway, good luck!
Chris
This message was last edited by cjm on 4/15/2009.