Real Spanish Property Investors Strike Whilst Small Investors Procrastinate
Added: (Sun Jun 28 2009)
Pressbox (Press Release) -
Spanish Hot Properties believe this week was a defining moment in determining what type of Investor will make money from the Spanish property crisis. As Nick Stuart explains there seems to be no point at which some prospective buyers will enter the market which does beg the question why are they looking anyway and the decisive decision making investors who are prepared to make decision and act.
“This week we had a deal that you would normally say was too good to be true but it was as they say the real deal. Newly built luxury 2 Bedroom Apartments in Fuengirola 90m2 built with Barrage being made available directly from the bank at the incredible price of €113,000. Yes you do need to read it again to actually believe it. Also when the resales of these units were listed at €220,000 and these units were being rented out for €600.00 a month it’s very easy to see this was an exceptional deal. There were a total of 30 units and the deal was just too good to be true so much so I reserved one myself. Now I thought we would sell this out in a week and sent it out to our database on the Spanish Hot Properties database and was truly horrified at the response from supposed investors. The questions coming back were more the sort of questions you would get from novice house buyers not supposed property investors. Whilst these Investors were procrastinating real Investors who could see the fantastic value moved in and paid their reservation deposits and are now going to the notary to completer their purchases” explained Nick
So what lessons do we learn from this particular story of the decisive decision making Investor and the dithering part time property investor who wants to make the profit but cant bring themselves to make a decision in this market. Well according to Nick its best they just stop looking until there ready to enter into the market. “This week has been an eye opener for the company and we certainly are going to revue our database of our Investor club and maybe it will involve a questionnaire to all our members. As a company we pride ourselves on our service levels to our clients and with so many good deals out there we really only want to be working with Investors that are ready to act. This is not to be confused with our average property buyer who understandably in this market is going to be very cautious about buying property in the current climate” said Nick
If you are a serious property investor then Spanish Hot Properties would love to hear from you and make you aware of tall the best deals as they become available and you should contact Spanish Hot Properties by phone or email at the earliest opportunity.
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Gerald Brennan 46
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Espana
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