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A Down-and-Dirty Way to Profit in Uruguay - International Living
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Hidden Gems and Rare Deals in San Miguel - International Living
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Beware of Wannabe Developers
At least, that’s what it brings to mind.
You might recognise the ghost town of Burj Al Babas from the many headlines it generated a couple of years ago.
Burj Al Babas was pitched by the developer as a spa resort, with 732 villas inspired by the Châteaux of the France Loire Valley.
But as you can see, its execution didn’t quiet live up to its promise. Today, it sits unfinished and abandoned…the $200 million punchline of countless online articles.
The ghost town has even become a bizarre attraction for adventurous tourists.
After failing to sell the project, the developer behind Burj Al Babas, in Turkey, left hundreds of identical Disney-like castles abandoned and unfinished.
You Need to Pay Attention to This Algarve Beach Town
As a conservative investor I like to buy in places like Portugal’s Algarve where there’s a huge mix of markets…
North Europeans come in the summer, North Americans are increasingly coming to visit and live…Scandinavians escape their harsh winters to play golf and relax around Lagos…people come from all over Portugal, Spain, France…
Last year, despite the lockdown, I hear some property owners in the Algarve were still pulling in gross yields of 7%.
Given what was going on in the world, that’s impressive…
My contact Chris rents his own villa on the Algarve each summer. As lockdowns spread rapidly around the world in 2020, Chris had most of his reservations cancel.
French Properties With Profit Potential - International Living
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