Is it all bad news?

LoadingFavourite

This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 3 months ago.

  • Author
    Posts
  • #52144
    Profile photo of Anonymous
    Anonymous
    Participant

    I have just joined the forum and there seems to be a lot of bad news about buying in Spain. I have puchased an apartment off-plan at Roda Golf in Murcia – does anyone have any info on this development regarding potential rental income? I went on an inspection trip, and was “sold” the idea that rentals would take care of my mortgage on the property. I am now realising this is not going to happen and I need to be more realistic. Having said that, I think it is going to be a lovely development.

  • #65048
    Profile photo of Anonymous
    Anonymous
    Participant

    I think this is the same for every development/ area.

    You cannot guarantee any level of rental income and the size of a development has a big impact on your success. If there are another 100 owners trying to rent theirs then it becomes more difficult.

    Saying that, the owners that have the most success are those that really put some effort into it, such as advertising on various rental websites, advertising to friends/family/workmates, building their own website, etc.

    There’s lots of things you can do but as with any business the returns are proportional to the effort appiled to it.

You must be logged in to reply to this topic.