03 Jun 2007 8:18 PM:
I'm more worried about a crash in the UK. We are in the process of buying an off plan Polaris World appartment. We re mortgaged to beging the process and to cover the first two major payments. As soon as we took out the remortgage the interest rates began to increase.
We planned to sell our UK home next year to complete the purchase, if we can ever find out when the completion is to be expected. I was aiming at £250,000 for a 4 bedroomed house in Dorset. The plan was to give us about £100K to invest in something to give us an income. We planed to use the appartment as a base with the intent to let it out in a couple of years. The £100K was for property investment and development, although I have no experience in this minefield.
Would people generally advise against this plan as a means of making a living. The other option was to open a photographic studio.
One final question. Does anyone know anything about bringing Guinae Pigs over?
Thanks....Mel
Thread:
Crash in Spanish Property Market
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