12 Dec 2006 3:14 PM:
I took out an EQ loan to cover the initial 30% deposit required, we are buying as a holiday home so not purely as an investment, but I was told that the property we have bought will earn us more money in the long run being tied in our off plan rather than being left were it will be.
I am due for a large pay out in 1 year so I will be paying off my eq loan then (which I told the sales guy about).
I was going to leave it in the bank but i would only get 4.7% interest........where as
I have been told that property on the Costa Del Sol will be going up around a max of 15% in the next year, plus we will have a really nice holiday home.
Have I done wrong?
Colin
Thread:
Andalucian dream homes? have you used them?
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