MOJACAR AND GARRUCHA AREA

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This topic contains 4 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 9 years, 9 months ago.

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  • #52702
    Profile photo of Anonymous
    Anonymous
    Participant

    HELLO I am thinking of buying a 2 BED 2 BATH 4TH FLOOR VIEW OF THE SEA APARTMENT JUST OUTSIDE Garrucha,in Veranda Agua has anyone any thoughts on this area for investment potential cost turnkey 205000 euro

    Thankyou adrianmac

  • #69900
    Profile photo of Anonymous
    Anonymous
    Participant

    In my opinion, any foreign property is not a good investment in pure financial terms. However, if you like the place for your own use, then you pays your money and takes your choice.

    If you want to invest in property, then there are other and more secure options than foreign property.

    Kevin

  • #69903
    Profile photo of Anonymous
    Anonymous
    Participant

    I’m not 100% sure but I believe that Veranda Aqua comes under Vera. Lots of problems with ‘illegal’ builds in the area at the moment. Vera’s most recent PGOU has yet to be approved (as has Garrucha’s).

    A

  • #69935
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi
    I have friends who live in that area and luv it
    Several years ago they bought 2 properties for around 50.000 euros and have just sold one of them for 210,000 euros.(not a bad investment as the rent covered their mortgage payments.?)
    As always listen to the legal and the guys at the heart of things on these forms regarding paperwork but in the vast majority of cases everything is fine and you only really hear the bad news.
    Property in almost all parts of the world is a good investment if you do your homework and have a little luck along the way.

  • #69963
    Profile photo of Anonymous
    Anonymous
    Participant

    adrianmac this sounds silly but I would try to find out why the area has a name which contains the word water = aqua in it…..
    just make sure that it is not a zone which floods ..
    I know that there is a lot of building done in zones that were kept to flood ..and I know that was so in the Vera /Garrucha/Mojacar zone.
    A friend of mine used to live there and pointed it out to me.
    Just to make sure..

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