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Buyers of off-plan real estate investment property at Marina Village in Portugal

Marina Village - Talk to other property buyers

If you are buying a property off plan at Marina Village, Algarve, Portugal, Eye on Worldwide enables you to communicate with other property buyers at Marina Village, and to share photos with each other.

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New Property Development Details:

Development Name:  Marina Village

Location: Algarve, Portugal

 

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Start talking now to your fellow real estate property buyers at Marina Village in Algarve, Portugal!

Below are a selection of the most recent messages posted for this development. To read all the posts, contribute your own and view and share progress photos, please regsiter above and log in.

DISCLAIMER: All opinions posted on these message boards are the opinion solely of the poster and do not necessarily reflect the opinion of Eye on Worldwide, its servants or agents.

MessagePosted by

Dear all,

Anyone looking to invest in Marina Village Olhao, please get in touch. I have agreements to sell this product and run a family business here in the UK. Prices direct from the developer. I have lived in Portugal for the past three years and also have contacts with lawyers and financial advisors for mortgages etc.

Any information please do not hesitate to contact me

Regards

Quintons
*** EDITED *** Per EOW Terms of use for Interactive Parts of the Eye on Worldwide Web Site, posts may not: (g) advertise or offer to sell any goods or services, or conduct or forward surveys, contests, or chain letters; Thank you, EOW Teamfurnishmarinavillage

This is probably a very good development.  However, please be careful of sales techniques that might be used to convince you to invest.  This developer has already teamed up with MRI to sell apartments in Albufeira, and according to a forum set up by the investors, 86% of them were given the same sales pitch which was very misleading.  The main areas to watch out for are:

You might be shown a very nice pool and garden and led to believe this was your pool.  This pool might be your neighbours pool to which you have no access, and your neighbour will be competing with you for rental clients, so you have been kicked twice in the youknowwhats.

You might be told that you are buying into a secure gated community.  When you move in, you might find out that, not alone is it not gated, but that there is a public road running right through the middle of the development.

You might be told that air conditioning will cost approx. €1200.  If they have pre-installed a VRV system, you will have to pay over €6000.

You might be offered an aftersales service by MRI.  You will get nothing for your money, unless you enjoy being kicked in the youknowwhats.

You might be offered a rental management service by MRI.  When the time comes around to rent, the projected weekly rent will have reduced dramatically, and when you do the sums, you will be luckey if you make any return at all from renting after MRI have taken their healthy yearly fees and commission.

My advice is to be very careful in believing what you are being told.  Take notes during the viewing on the various reasons to buy you are being fed.  Send an email to your sales agent and look for confirmation in writing.  Also it would be a good idea to hire an independent lawyer rather than accept the one suggested by MRI. 

tec

This is probably a very good development.  However, please be careful of sales techniques that might be used to convince you to invest.  This developer has already teamed up with MRI to sell apartments in Albufeira, and according to a forum set up by the investors, 86% of them were given the same sales pitch which was not true.  The main areas to watch out for are:

You

tec

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