The problem is that supply now far outstrips demand.
Tourist numbers are down while the number of rental properties increases every year because people are conned by the developers.
The rental market is saturated and unfortunately when the developers say they will guarantee rental income it is all hot air, just to sell the properties. It is very rare for these promises to be kept they will just make excuses as to why they are unable to rent the property.
This is fact as I know many people in this situation.
So my advice is do not buy until you are in a position where you do not need to rely on rental income.
Last edited by Veronica; 4th June 2008 at 08:48 PM.
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