20
Apr
Don't miss the bargains because of the election!
There is a school of thought that everything in the world of
business – and that includes buying property, even for
pleasure – should be put on hold until after the General
Election on 6th May. Fortunately, however, judging by the amount of
activity in the international property market at present, there are
plenty of people out there who don’t subscribe to this
view!
That said, it is, perhaps, understandable that people want to
know how they will be affected by the financial measures which will
be brought in soon after the election, irrespective of which party
(or parties) forms the next government. We all know that such
measures are bound be implemented and bound to be fairly tough, but
the politicians must realise that they cannot bring a halt to all
forms of investment, whether that be in stocks and shares or an
overseas property.
Furthermore, there are two problems about waiting. First,
however quickly the new government moves to implement its changes
by way of a Finance Act, you will be waiting considerably longer
than 6th May before you know precisely what is in store for you and
how you are likely to be affected.
Amazing offers from Developers
Secondly, there is a raft of amazing special offers and
discounts currently available from developers in various countries
of the world and, in our opinion, many of these are just too good
to miss! Some are the result of a bank taking charge of the
marketing of a project which it has helped to finance and where the
global recession has had a severe effect on sales and, therefore,
on the developer’s cash flow.
Many banks are in this situation and simply want to be rid of
their portfolios as soon as possible and are providing huge
incentives accordingly. For instance, there are new properties on
wonderful resorts in Spain which have had their prices reduced by
huge amounts and for which the bank concerned will provide a 100%
mortgage, subject to status!
That is a situation which is unlikely to last very long, simply
because offers of this nature are being taken up at an incredible
rate! Furthermore, these offers don’t mean that the product
is compromised in any way and you can still expect the same high
standard of construction, finishing and resort facilities as were
always envisaged.
Examples in Grenada and Turkey
Another reason for some of the eye watering offers is that a
developer, having sold the majority of properties on one phase of a
development, is keen to sell off the remaining units in that phase
so that a start can be made on the next phase or, in some cases,
another development altogether. We have good examples of these
situations in Cape Verde, illustrated with this article and
Grenada, one of our Featured Properties.
So, our advice is – don’t lose the opportunity of
making a fantastic investment, for you may well regret it later if
you do; and don’t rely on finding all the opportunities on
this website because, we receive more than we can feature and many
are taken up so quickly that there just is not the time to do so
anyway!
The answer is to ring our MD, Peter Veitch on +44 ( 0) 121 616
5108 or his mobile +44 (0) 7801 800201 and let him know what kind
of property interests you and the budget you have available and he
will do his best to find a bargain for you. Meanwhile, you could
start by looking at two of the current Featured Properties –
in Turkey and Grenada – on the Home Page of the website
– and at the Cape Verde Santiago project!