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Originally Posted by Betty  Hello all,
We have put down a small deposit on an apartment in Las Terrazas in Playa De Las Americas with intention to rent out,(does anyone know this apartment block) but reading your comments it would appear things are a little uneasy regarding rental,do we commit ourselves with the apartment or just go ahead with a purchase of a Villa to live.  |
It depends on whither the money from rental is needed to fund the villa or not. If you are relying on rental income forget it but if its for a little extra each month that you can do without why not, as the area is very central and you should get lets say 20/26 weeks rental. If you are buying at the moment I would be looking at least 20% off the asking price if you dont get it walk away there are plenty more on the market, you want to buy it as cheaply as possible to allow you an out if you decide to sell, remember the tax position.....