By Ronan McMahon
Too many hotels were built during Ireland’s boom. Hoteliers borrowed too much. They built fancy spas, speculated on real estate and lost sight of their business. Now they are in a bind. As a reader of these alerts you will know that this crisis has created a buying opportunity. Today we can buy a hotel in Ireland from as little as $4,900 per room.
Ecuador has some of the best real estate values on my beat. An early-in opportunity in a community called Montecristi Golf Club & Villas recently crossed my desk. The deal grabbed my attention because of the strength of the group behind it. There’s good bang for your buck too with lots starting at $39,504. With trips to Spain, Malta, Thailand and Nicaragua in my diary from September to mid-November, my schedule has been too busy to visit yet. But I’m planning to check out this project as soon as my schedule permits.
Last week, I told you about the opportunity we have on Spain’s Costa del Sol. I also gave you a heads up about the imminent new release of fire sale inventory in the picturesque marina town of La Duquesa.
I’ve just got off the phone with my contact on the ground. Game on. Forty condos have just been released. I expect they will sell fast. Seven condos stand out. These are penthouse condos with pool views and some (limited) sea views. I expect these will sell out in a matter of days—maybe by the weekend. As I told you in last week’s newsletter, good inventory—at the right price—sells out fast in this area.
I delivered my special report from my scouting trip along Spain’s Costa del Sol to your inbox on Wednesday. I made some exciting discoveries on this trip including strong real estate opportunities in La Duquesa, The New Golden Mile and the little town of San Pedro de Alcántara. As with every scouting trip I take, I check out numerous properties in different areas but only a handful of deals meet my “buy” criteria.
As your personal property scout, I spend up to two weeks of every month traveling the world searching for the most undervalued real estate opportunities on your behalf. I then hone in on the best way to profit.
When I visit an area I spend my time meeting in-country contacts, gathering detailed information, comparing and carefully analyzing the pros and the cons of every real estate deal I come across. I write about the best opportunities in your regular RETA mailings. But I also get a lot of in-depth market information, local real estate news and insider tips that’s impossible to cover in our regular mailings. They’re simply too short.
I’ve recently returned from a scouting trip to Spain’s Costa del Sol. I’m putting the finishing touches to my special extended report called Spain: Our Time Has Finally Arrived.
Four years ago, I started to seek out strong fire sale opportunities—but my trip has confirmed that now is the time to act.
Today, I want to tell you about a part of Costa Rica that is still a secret to most of the outside world.
This place is called the forgotten coast because it is the least discovered and most unexplored region in Costa Rica. For years, tourists have flocked to the country’s Pacific coast and business has gravitated to the capital city, San Jose. Most people overlooked Costa Rica’s Caribbean coast.
There are two segments of Ireland’s property market where I see the potential for strong demand—and there’s a limited supply of housing. Rents and values in these two sectors are rising.
First-off, there’s a shortage of family homes in Dublin’s leafy suburbs and residential areas. With almost no activity in six years, there’s a pent-up demand to buy good-sized family homes.
As a member of our little group you will be familiar with the Tao project close to Tulum on the southern edge of the Riviera Maya. This is where you, as a member, get a 7% discount on condos in a new building and other goodies like a 10-year free Tao Wellness Center membership, $5,000 credit toward your furniture package and $1,000 toward travel expenses. In the Tao Wellness Center, you can swim in lap pools, work out in the fitness center, or try yoga and meditation.
As a member of our little group, you will know that I scout for overlooked and undervalued real estate in the world’s most stunning locales. I then negotiate special pricing and terms on your behalf. Costa Rica’s lake country of Arenal is a place that ticks my boxes. This is a place where I love to spend time. It’s relaxing, quiet, and surrounded by stunning scenery. Looking along the lake directly in front of me, Volcano Arenal points toward the heavens, its cone reaching 5,300 feet. Looking out to the horizon, the light and dark blue of the lake meets the rich pastoral green of hills and fields interspersed with forest.