Hi Zabba,
Myself and a friend purchased an apartment in Vistamar 3 (completed in April 06) and are still awaiting for the final snag list to be completed by MacAnthony before we can rent it out. We were lead to believe that the rentals would easily cover the mortgage and if we did intend to sell then MacAnthony would assist in finding a buyer.
MD looks like a great long term investment, but the rental guarentees don't come close to covering the mortgage in the shorter term and we fear that we might just be pouring more money into this instead of cutting the losses and getting out.
Ideally we would like to sell asap, but there doesn't seem to be a secondary market at MD and they just seem to be building more new apartments that are a lot easier for them to sell off-plan.
Again we would appreciate any feedback from those who have managed to sell their properties or know of people who have.
Many thanks
Martin