Thread: invested in property abroad question...
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Old 02-04-2008, 09:40   #8
Vlad_Dracul
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Re: invested in property abroad question...
It sounds a bit like Spanish practice to me. You do a deal to buy something off plan. The man says hey pay a deposit,when its half built you can sell it on ,cream off the profit and the new buyer pays off the balance when the property is built. What tends to happen is,it doesnt get built on time (or ever),the builder goes bust or you cant sell it. Good luck with it. Last Novembers completion date seems quite far away now...
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