Jeremiah said:The developer of these apts is Irish.
Jeremiah said:Have you ever heard of this destination before?
What does this mean for you in terms of the income tax you would pay on rent and the CGT tax you would pay on selling, both over there & over here?Jeremiah said:At present there is not a double taxation agreement in place between Ireland and Cape Verde.
Sounds like a bit of a dangerous conflict of interest to me. Do you think this management company staffed by the developer's flunkies is going to give the developer a hard time on maintainance issues? Will you have alternative competing management companies you can use if you don't like the price/service provided by this company?Jeremiah said:The developer is proposing a management company, organised by themselves, to maintain the property.
No disrespect, but it sounds like you are avoiding properties which you know are poor value (here) and going for properties where you have no idea whether they are good or bad value (over there). Doesn't sound like a smart move to me.Jeremiah said:I am looking overseas primarily because of the difficulty in finding any value in Ireland these days.
Just because somebody is doing a hard sell on something doesn't necessarily mean that it's a good buy.angie said:Just for tuppence worth am just back from Tenerife and was reading the property mags and the estate agents brochures there and all of them are starting to mention cape Verde.
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