Recently, I told you about an incredible deal on Spain’s Costa del Sol.
It’s an opportunity to lock in a 50% discount on luxury condos along the most stunning stretch of coast in the region.
The response was phenomenal. As soon as RETA members got my full report, my contact’s phone line crashed.
He had to employ his daughter to field his emails while he manned calls well into the early hours of the morning.
If you had difficulty getting through initially, I hope you kept trying. This opportunity was not to be missed…
To remind you, this is a straight-up fire-sale play out of the 2008/09 global crisis with a juicy COVID kicker…
We have a chance to own stunning condos in one of the most sought-after locations on Spain’s Costa del Sol for less than the cost of construction.
We can buy condos from €164,000 that I believe will be worth €265,000 within three years and offer incredible rental potential.
Penthouses that were €665,000 are now ours for just €350,000—but only for those who move fast.
The backstory is classic financial crisis. A developer gets into trouble. The bank bungles its way into the real estate business. They hammer out a big deal with a Scandinavian group to buy every condo, but it falls through… The bank just wants out and decides to sell the condos at a fat discount of 27% off.
That’s a good deal.
But the timing of the COVID crisis made it an amazing deal…
Because the bank’s launch coincided with Spain’s lockdown in mid-March, they had to postpone.
Now the Costa del Sol is re-opening. And the bank is determined to offload everything fast. To do it they have knocked another 23% off.
The location of these condos is amazing, right opposite one of Europe’s most prestigious and luxurious golf resorts, the Finca Cortesin.
I’m an avid golfer; I play whenever I get the chance. And I put the course at Finca Cortesin close to the top of my list of favorite courses in the world. The opportunity to own a luxury condo across the road from Finca Cortesin is incredible.
The condos are only a mile from the beach. That’s a 15-minute walk or a five-minute drive and they are less than an hour from the international airport in Malaga.
They’re also just 15 minutes from Estepona, one of the few coastal towns in the region that has maintained its pueblo charm and character. In Estepona’s Centro Historico you can stroll the narrow streets and visit a variety of cafés, restaurants, and tapas bars serving traditional Spanish delicacies. Or at night, dine al fresco on Plaza de las Flores while enjoying the vibrant atmosphere of the town.
For a change of scene, the white-washed hill town of Casares is just 15 minutes away too—the ideal spot for the classic Spanish three-course lunch.
Underpinning our already incredible deal is the chance to avail of Spanish financing. As a foreign buyer, you can apply for a mortgage in a regular bank in Spain (not a given in every country on our beat). And the rates and conditions currently being offered to foreign buyers are attractive.
You can finance up to 70% of the purchase price at a rate from 1.65% to 2.35%…fixed. Variable rate mortgages are available from 2.1% to 3.25%.
Say you get a 20-year fixed-rate mortgage at 2% on those €164,000 apartments and borrow 70%….your monthly repayments would be a mere €508.75. (That’s $599.)
That’s if you’ve managed to lock down one of these condos quick enough. I highly recommend giving my contact a call right now if you haven’t already. Members can find his details in the most recent RETA issue.
Non-members can sign up and get immediate access to the issue and the deal on the RETA website.
In the meantime, here’s a video my contact sent me a while back that will take you on a walk-through of one of these condos.
Own in Nicaragua for just $33,150
In February, I returned for the latest of my many trips to Nicaragua.
I was there to take the pulse of the political crisis that blew up in 2018, which has been simmering away ever since.
That was still a few weeks before COVID-19 lockdowns came into effect. Back then, Nicaragua still had just the one crisis on its hands.
Now the world is in the midst of a global pandemic. And we have had some killer crisis deals from Nicaragua as a result.
I love Nicaragua. Most years I spend time there. My trip in February took me around the Pacific coast and to the city of Granada, to the south. It remains my favorite colonial city in the Americas. It’s full of colonial charm, grandeur from a bygone moment when it dripped in wealth.
But the big surprise was what I found in and around the beach town of San Juan del Sur.
The town recently got a new hospital, a police station, and a fire department. Road improvement projects continue all around. Granted, tourism wasn’t booming as before, but it felt vibrant.
San Juan del Sur is having a micro Path of Progress despite Nicaragua’s woes. And for the right kind of person, it might be worth the punt.
To be clear…
My top-level take is that investing in Nicaragua is only for you if you go in with your eyes open. No one can know how things will play out. The question—to which no one knows the answer—has always been what happens after President Ortega. The man is in his 70s. Elections are due in 2021, but events have shown that his cabal of family and cronies won’t give up power easily. Maybe not at all.
But this isn’t stopping folks flocking to San Juan del Sur for part-time and full-time living.
The thing is, the cost of living is incredibly low. The weather is amazing, the lifestyle is laidback, and the beaches are superb.
San Juan has long been a destination for avid surfers and travelers alike, but in recent years it has begun to grow exponentially, and with no signs of slowing down. It’s attracting a lot of younger expats, remote workers…folks with families. And as COVID-19 massively accelerates the remote-working trend, San Juan del Sur will be a major benefactor.
Millions of people are never going back to an office and are beginning to realize they can work from anywhere. They are already beginning to turn up in places like San Juan del Sur, keen to escape to somewhere green with a lot of space and good weather. Somewhere money goes a lot further, too. My contacts report a tremendous growth in the number of young professionals moving to San Juan to raise families and settle down, a very international mix.
For many, it’s simply a good place to retreat in a time of great global uncertainty and fear.
However, right now, commercial flights aren’t going in and out of Nicaragua. This has put a stop to the flow of buyers…and opened up a window of opportunity for us.
In this month’s RETA issue, I brought Real Estate Trend Alert members the opportunity to own stunning ocean-view lots in a special community.
They were 20 minutes from town, but the new roads have cut that time in half. It’s now an easy shoot into town…from restaurants, shops, the beach, and everything you could need.
And we have RETA-only pricing…
Like I say, most buyers are temporarily locked out of this market while planes are grounded. The developer is anxious to keep selling, and with few buyers showing up, he’s willing to do this deal.
He’s agreed to a RETA-only discount of 15% on six lots in the community…each with ocean views.
The RETA price is from $33,150…
Members can get the full details of the deal and find out how to lock down one of just a handful of available lots in the current issue of RETA.
Do You Hear That?
It’s the sound of tranquility. The sound of virgin jungle swaying in a cool breeze. The distant lull of Pacific Ocean waves as they wash onto vast stretches of empty beach.
Amid the yelling of bad-tempered politics, worldwide protests, and the never-ending barrage of new crisis, you might have forgotten this sound. But it’s out there…
It was a year ago this week that I brought RETA members a killer deal in a best-in-class community in Costa Rica’s Southern Zone.
There’s nowhere quite like it. It’s a place you need to see, or hear, for yourself…
It boasts incredible natural beauty. There’s a long Pacific coastline of natural beaches, coves, and inlets, fringed with palm and sea-almond trees.
Back from the beach, the land soars up to sharp mountain peaks that are stacked against the horizon. There’s endless forest, lush and green. Rivers, estuaries, and waterfalls. And so much wildlife you won’t know where to look.
You’ll see toucans with their crazy-colored bills and troops of sociable monkeys from the terrace of your home. Watch a while and flocks of scarlet macaws and chattering green parrots fly past. The sight of your first morpho butterfly will make your jaw drop. They’re huge, five to six inches across, and a shimmering shade of electric blue.
Take a guide into one of the vast national parks in the Southern Zone and you’ll see even more. Tiny tree frogs, tapirs, jaguars…they’re all here. If you have a keen eye, you might even spot the elusive potoo disguising itself on a tree stump.
Take a mangrove tour and spot all kinds of creatures, including tree frogs, tapirs, scarlet macaws, and potoos.
Costa Rica’s Southern Zone is a world apart. One of the most beautiful places on earth. And a million miles away from the stress and anxiety that we’ve come to expect from 2020.
It’s also among the most profitable places I know for savvy investors.
The opportunity I found last year was sandwiched between two national parks, and walking distance from the growing town of Ojochal.
Ojochal is surrounded by vast tracts of primary forest and magnificent mountains. It’s just a few minutes from the ocean…a marine adventurer’s paradise. The fishing is incredible. You’re close to the largest coral reef on the Pacific coast of Central America. Snorkeling, paddle boarding, surfing, and diving are all close at hand.
There’s a big international expat scene here, and they’re a very social bunch. They have social clubs, ladies’ lunches, weekly poker games to join, and Friday night drinks at La Mona Grita. On Sundays, a bunch gather at Cliff’s beach club at Ballena for cocktails, sand, and surf.
A group of expats put in time at the sloth sanctuary. You’ll see guys hiking through the forest, and boy is this is a birdwatching paradise.
A growing number of people from North America and Europe want in…they want to escape snow, ice, and cold weather…and, more and more, they want to escape political and social upheaval too.
In the Southern Zone, they have the perfect Eden…
I’m currently working on bringing RETA members a new deal on villas here.
With last year’s opportunity, we had limited availability. But now, I’m taking advantage of this crisis moment to negotiate more inventory and special RETA-only pricing.
This is going to be an exceptional deal, and a rare opportunity to own in a natural paradise that the world is only just waking up to.
RETA members will get the details soon. Stay tuned…
Subscribe to my YouTube Channel
I’m new to social media, but recently I’ve been jumping in with both feet.
You won’t find me on Snapchat or TikTok…but I’m now sharing updates on my scouting and research, along with Roving Real Estate Investor articles, on Instagram and Facebook.
They’re a useful tool for sharing photos and updates from my travels while I’m on the move.
And now I’m on YouTube too. You can subscribe to my channel and watch my videos right here.
Soon, I’ll be bringing you videos from the road and hosting some live streams with special guests.
To make sure you don’t miss any, subscribe to the channel now.
I’ve just uploaded a video chat I recently had with my contact in Porto, Portugal. We discuss the opportunity of “flip-flop apartments” in Porto’s old town.
Subscribe to my YouTube Channel
I’m new to social media, but recently I’ve been jumping in with both feet.
You won’t find me on Snapchat or TikTok…but I’m now sharing updates on my scouting and research, along with Roving Real Estate Investor articles, on Instagram and Facebook.
They’re a useful tool for sharing photos and updates from my travels while I’m on the move.
And now I’m on YouTube too. You can subscribe to my channel and watch my videos right here.
Soon, I’ll be bringing you videos from the road and hosting some live streams with special guests.
To make sure you don’t miss any, subscribe to the channel now.
I’ve just uploaded a video chat I recently had with my contact in Porto, Portugal. We discuss the opportunity of “flip-flop apartments” in Porto’s old town.
Watch the video here and be sure to subscribe:
Connect with Ronan on Instagram or Facebook
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