By Ronan McMahon
Real Estate Trend Alert
After nearly a decade of runaway demand and floods of cheap money in Spain, the Spanish developers took their eye off the ball. They took on more debt and risk than they should have, and overpaid for land.
Great news. I’ve just got off the phone with one my contacts in Madrid. La Cam is a Spanish bank that controls many distressed Spanish developments. They’ve launched a new mortgage product specifically for buyers purchasing distressed properties.
As you know Fortaleza is a host city for the 2014 World Cup in Brazil. This is good news for those of us who have invested here.
As a member of Real Estate Trend Alert, you enjoy certain privileges not afforded regular property buyers.
I review hundreds of real estate deals on your behalf every month. In general, they fall into one of three categories.
On June 11 I told you about my favorite Brazil play right now: Areias Coloridas Resort.
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“Pioneer Investing” is one of my favorite ways to cash in on global real estate profits. Usually, this is a way to buy before an apparently isolated region is opened up to everyone else. In other words, before a massive infrastructure spend is made by the government.
This is the list of infrastructure projects I was sent from the Governor of Ceara’s office in Brazil.
If you haven’t yet taken advantage of our all expenses paid trip to Mexico’s Riviera Maya, I urge you to act fast–prices here have already increased, and are due to go up again in 8 days.
