By Ronan McMahon
ATT
On May 31, I told you about the opportunity members of our little group have to buy a lot here with a down payment of $21,350…with 36 monthly payments (interest-free) of $800… and a final payment of $19,200. A small number of these lots are still available. Today, I would like to extend a special invitation to visit and experience what it will be like to spend time here and explore the surrounding areas.
When it comes to crisis investing, Argentina is the “gift that keeps giving.” With expropriations and capital controls, they are up to their old tricks again. I’m closely following the situation there on your behalf.
As a RETA member, you will know about the crisis in Ireland and the distress in our real estate market. I’ve told you about the National Asset Management Agency (NAMA), known as “the bad bank.”
Rancho Santana, on Nicaragua’s Pacific Riviera, has two miles of the most dramatic coastline you’ll ever see. Vertical cliffs drop to flat rocky plateaus. Some of the world’s best surf breaks and beaches are here. Close by you’ll find sandy beaches perfect for swimming and rock pools where you can bag the freshest lobster of your life.
This week, 14 of your fellow members gathered at the Pacific Lots project in Costa Rica’s Southern Zone. They had two price lists: one for all the inventory at the project; the other, a list of special pricing for our little group on 14 handpicked lots.
I wrote to you in June on the eve of Greece’s second election in six weeks. Greeks faced a choice between the bad and the ugly. Continue with the agreed bailout plan—more austerity, more unemployment, more emigration, more downward pressure on already-dropping real estate prices.
I’d like you to invite you to a special event. This invitation is only open to members of our little group. Your five-star accommodation will be free. Your gourmet meals and cocktails on the beach won’t set you back a single cent. Call it a perk of being part of Real Estate Trend Alert. It’s an opportunity to visit and experience first-hand a stunning Caribbean resort community.
Everything is modern, new, and shiny. This area is convenient like Florida is to a New Yorker. The visitors I’m watching are desperate for some spring sunshine. Some (mostly Scandinavian or Russian) are even here to pick up real estate on the cheap. There are deals to be done.
As a member of our little group, you will know that I have been closely following the opportunities created by the collapse of Ireland’s property bubble. In particular I have followed fire sale auctions where we have been able to buy for as little as one-tenth of peak prices.
Imagine perfect, white-washed homes…and churches with rounded roofs…that cling to the sheer edge of an ancient volcanic crater. The sun sets like a fiery cannon ball at Oia. Yes, the black beaches are interesting, but here it’s all about the dramatic views from the crater edge. This is the Greek island of Santorini. My favorite. And like the rest of the Greek islands, real estate here is about to get dirt cheap—because of the great crisis the country faces today.