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Old 27-09-07, 04:25 PM   #10 (permalink)
btlwinner
Junior Member
 
Join Date: Aug 2007
Posts: 8
Re: Alcudia smir - pros and cons

Camel,

I’m not basing my opinion on what an agent has told me or what I’ve read in some glossy magazine. I am a full time property investor and have purchased numerous properties all over the world, all of which to date have proved to be good investments. I always base my judgement on facts and figures and my own research and that includes visiting the area. I never buy without doing my due diligence.

Bearing this in mind, every project has some positive and negative points. For me, Alcudia didn’t have many negative points and by keeping a close eye on the buying price, inc. associated costs, as well as potential rental yields and capital growth, I still believe that it will pay in the long run.

I also don’t understand your point about not knowing which unit you will own!!! If you buy off plan, this is what happens sometimes. I know the Alcudia plan was revised after several months due to some issues with planning, but it is now quite clear and I know which unit I’m purchasing.

From all your comments, it sound like to me that your either a disgruntled Fadesa purchaser or an ex employee. So which one is it?
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