Currency question

[easymon1]

https://www.balearic-properties.com/

 

[Henry520]

thanks for nice sharing , got some fine lines with exact information.

 

[sebking1986]

Have a friend who just bought up 5 properties in the Canaries. Cheap as chips out there at the moment.

 

[VicBee]

Have a friend who just bought up 5 properties in the Canaries. Cheap as chips out there at the moment.

Haven't been there... Isn't it where they had a volcano erupt?
Nothing's cheap on the southern European coast if you want a water view and a sunset...

 

[sebking1986]

Yes it is volcanic but not sure they've had anything go off recently. I know Iceland have. The appeal of the Canaries is that they are warm year round and so good chance of high occupancy vs the rest of Europe.

 

[maxinger]

Have a friend who just bought up 5 properties in the Canaries. Cheap as chips out there at the moment.

it sounds rather scary if it gets cheaper and cheaper and cheaper.

 

[sebking1986]

Rental costs are quite steady though so the cashflow will be sufficient for him to break even on them in 5-6 years without being too greedy.

 

[Jungletrader]

He'll own outright the properties after 5-6 rental leases or breakeven on initial investment ?