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Investment opportunities in Spain, Portugal, Turkey

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johnty


Joined: 03/06/2008
Posts: 257

Message Posted:
05/08/2009 14:08

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Message 1 of 13 in Discussion

This is a well established company. Take a look ITS NOT TIMESHARE you own a share and after 15 years is sold and you benefit from the property valuve in 15 years. Pretty cheap family holidays for 15 years and a great investment based on prices now in the credit crisis. http://www. wearehome.com



johnty


Joined: 03/06/2008
Posts: 257

Message Posted:
05/08/2009 14:09

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Message 2 of 13 in Discussion

sorry not very good at this http://www.wearehome.com



negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
05/08/2009 14:22

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Message 3 of 13 in Discussion

its not time share - you own a share...



got it.......



Most of the folk on here won't be around in 15 years ;0)



johnty


Joined: 03/06/2008
Posts: 257

Message Posted:
05/08/2009 14:52

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Message 4 of 13 in Discussion

we are not all that old . You are as young as you feel!!!!!



jessy


Joined: 04/12/2007
Posts: 289

Message Posted:
05/08/2009 14:55

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Message 5 of 13 in Discussion

Cant take it with you I suppose, great investment for the kids could do with a break in spain from time to time.



Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
05/08/2009 16:42

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Message 6 of 13 in Discussion

Investment opportunity? Really?

Lets look at a 2 bed duplex apartment in Marbella.

Maintenance 54 per month = 648pa.

You'd like 2 weeks in July at 306.88 per month = 3672pa

So your 2 weeks holiday will cost you 4320 without airfares. It doesn't mention electricity charges.



15 years x 4320 = 64,800.



According to their 'Returns calculator' figures you pay 27,150, you 'earn' 33,993 giving you a 'profit' of 6843 (assuming 7% growth). How they come up with 27,150 when the actual cost is 64,800 I don't know. The earn 33,993 is a total stab in the dark & assumes anyone would want to buy it 15 years down the line.



Doesn't include the 15 years maintenance fees of 9720. Nor does it include cost of airfares.



Have I got the figures wrong?



zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
05/08/2009 16:57

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Message 7 of 13 in Discussion

message 6



nor does it include a yearly rise in maintainance charges or if they will be increases!



i think your figures are correct.



Gheorghe348


Joined: 05/08/2009
Posts: 2

Message Posted:
05/08/2009 16:58

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Message 8 of 13 in Discussion

I was just looking at the we are home website and then found this forum through google.



I understand that the 15 years payment plan is some kind of finance option, but you can buy this interest free as well.



Seems from the website the maintenance is not included, but when you add it up it still seems like a cheaper alternative than the holiday let i pay for in Spain.



Dont know if i would call it an investment opportunity (i can think of a few better ones if i tie my money for 15 years) but it seems a smart way to use my holiday budget to actually own a home rather than pay for rentals.



Seems that the cheaper the week you buy, the better the returns, and there are some really cheap developments there as well.



I'll give them a call.



CyprusSage


Joined: 05/08/2009
Posts: 26

Message Posted:
05/08/2009 16:59

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Message 9 of 13 in Discussion

Too many hard luck stories about timeshare to favour it above good old bricks and mortar, methinks.



ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
05/08/2009 17:00

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Message 10 of 13 in Discussion

I think it's a brilliant deal!,.....







For the Developer! ;-(



Hector


Joined: 26/08/2008
Posts: 2352

Message Posted:
05/08/2009 17:09

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Message 11 of 13 in Discussion

Message 8

Having been only born yesterday I won't ask the obvious question.

And how long have you worked for the company?



"Seems from the website the maintenance is not included, but when you add it up it still seems like a cheaper alternative than the holiday let i pay for in Spain."



So you pay over 4320 for 2 weeks in Spain without the cost of flights?



ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
05/08/2009 17:26

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Message 12 of 13 in Discussion

Msg 8



From your member info, I'm very sad to see you are widowed at 26.



I hope life in Sofia is OK for you.



Gheorghe348


Joined: 05/08/2009
Posts: 2

Message Posted:
05/08/2009 17:38

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Message 13 of 13 in Discussion

Message 11



Hector.



I normally go to Spain in April, and play golf.



They charge 9262 for two weeks, plus 33 a month maintenance. Over 15 years that's 15202, i.e. around 500 per week. Which is cheaper than what I pay for a 2 bed one week rental.



Return after 15 years "projected" at 17896, this would mean I will go on holiday for free and make a profit.



I don't think the return will be as good, but anyway the overall cost seems to be cheaper than my holiday and if I get anything at the end it's a bonus.



It's not as attractive if you buy the summer weeks but I think it's good for golf.



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